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Recent Recovery Of Textile And Garment Industry, Advantages And Risk Factors Analysis

2020/10/19 11:25:00 3

TextileClothingIndustryGoodRiskFactorAnalysis

Recent textile and clothing plate ushered in tuyere, up 5.75% last week. Whether it is the recovery of the industry or the short-term fund speculation, the author analyzes several factors

On the positive side:

1. This year's "double gold and silver" effect of "double gold and silver" in "cold winter" is obvious. Clothing sales have improved significantly compared with the first half of the year. This year may be a cold winter, "the coldest winter in 60 years" spread on the Internet, pushing up the prices of cotton, staple fiber, cloth, textiles, etc. In Jiangsu, Shandong, Guangdong and other textile and garment production bases, the order situation of most enterprises has been greatly improved compared with the first half of the year, and the orders of some enterprises have increased sharply.

2. Transfer from India: due to the epidemic situation, many large-scale export-oriented textile enterprises in India can not guarantee normal delivery. Indian yarn is mainly in the middle and low-end in the whole international market. Many orders originally produced in India are transferred to China for production, among which towel, bed sheet and other products have large orders.

3. Ban on Australian cotton: media said that China has recently asked domestic textile mills to stop importing Australian cotton. Australian cotton is very dependent on the Chinese market. The data shows that China's cotton imports from Australia account for two-thirds of Australia's cotton exports. Xinjiang cotton plate is expected to enter a large-scale cotton harvest peak. Xinjiang's cotton ushered in a high yield and harvest. The overall growth situation is good. The purchase price of seed cotton in Xinjiang has been rising, and the average price of hand picked cotton in southern Xinjiang is as high as 8.0 yuan / kg.

4. Foreign trade orders: the General Administration of Customs said that since the second half of the year, the situation of clothing export continued to improve. In September, the clothing export volume was US $15.23 billion, a year-on-year increase of 6.5%, maintaining a positive growth for two consecutive months. The stable industrial chain of China's textile industry attracts overseas orders.

Risk factors:

1. After the return of orders to Southeast Asia and India.

2. After trump was elected, he raised the issue of trade tariffs again.

3. The expected news of the cold winter failed.

Board related listed companies: Pathfinder, wanlima, baoxinniao, red dragonfly, jiumuwang, gelisi, langzi, Sanfu outdoor, rolai life, St modern, taipingniao, etc.

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