With the advent of gold and silver, this may be a major opportunity for textile people to turn over this year, because from the previous year's data, textile and apparel demand began to improve in September until November to reach the annual peak. September has arrived, the textile market peak season signal to come?

"Gold nine" arrival, the textile market really ushered in a rebound?

PTA spot prices are at the second highest level in the same period in the past five years

As of August 28, the average monthly PTA processing fee in August was 185 yuan/ton, which was -34% month-on-month and -69% year-on-year. In the past 10 years, the average monthly PTA processing fee has approached 200 yuan/ton several times, and in August 2023, the average monthly PTA processing fee fell below 200 yuan/ton for the first time.

Low processing fees are a disguised form of strong cost support, the direct impact of strong cost support is that the absolute price of PTA is high, the average price of PTA in August is the second highest level in the same period in nearly 5 years, and it is also the third highest price in the average price of the year. In the past 13 years of PTA historical data, PX price and crude oil price have the highest positive correlation with PTA spot price. The low PTA processing fee represents the change in the price difference between PTA spot price and PX price. The monthly average price of crude oil and PX increases more than that of PTA, and the cost pushes up PTA.

Garment industry to seize the opportunity to promote upgrading, industrial ecological optimization and upgrading

Although China's garment industry is facing development pressure, the industrial development is still in an important period of strategic opportunities, and there are new dividends to be tapped. From the successful brand cases can be seen, China's clothing market still has many opportunities, the key is whether the clothing enterprises have the ability to grasp the opportunity.

"At present, the growth rate of apparel online sales market is slowing down, brand competition is heating up, and creating new increments in the stock market is the key direction of sustainable development of the brand." Liu Weiwen said that traditional e-commerce platforms have gradually lost traffic dividends, and the future dividend lies in how to use the industrial Internet to improve and enhance the efficiency of the industrial supply side.

In recent years, China's clothing industry has actively adapted to the digital wave, while the consumer Internet continues to advance, it is accelerating to the industrial Internet, the mass customization production model is becoming more mature, and the application of "Internet +" technology is accelerating.

Chen Dapeng, vice president of China Textile Industry Federation and President of China Garment Association, believes that a new round of scientific and technological innovation in China's garment industry is accelerating, further reshaping the structure of the garment industry, promoting the development of the industry in the direction of digitalization, intelligence and networking, and restructuring and optimizing the industrial ecology is imperative. "In the process of digitization of the garment industry, special attention needs to be paid to several aspects.

First, focus on basic research and key technology research, and continue to promote the high-end, intelligent and green development of the industry.

The second is to pay attention to the construction of innovation system and the construction of innovation ecology, coordinate the integration and innovation of clothing and equipment, design, materials, information technology and other technologies, form an efficient and collaborative innovation ecology, and enhance the supporting force of scientific and technological innovation and development of the entire industry.

The third is to focus on talent training and organizational mechanism optimization, adapt to the needs of business processes, organizational forms and business models under the digital economy, and constantly optimize the organizational structure, management methods and management mechanisms of enterprises, so as to stimulate the vitality and potential of enterprise innovation and development with scientific organizational mechanisms." Chen Dapeng said.

The decline in textile and garment exports narrowed in August

According to the latest data released by the General Administration of Customs on September 7, in dollar terms, textile and garment exports fell 10.2% in August, down 8 percentage points from the previous month, of which textile and clothing exports fell 11 and 6 percentage points from the previous month, stopping the trend of two consecutive months of decline.

There are three main reasons for the narrowing of the decline:

First, the depreciation of the RMB exchange rate against the US dollar promoted the recovery of export data. In August, the central parity rate of the yuan against the US dollar fell by 506 basis points, with the offshore yuan once falling below the 7.3 mark.

Second, the base of the same period last year was relatively low.

Third, some orders affected by typhoon weather in July were delivered in August. From January to August, the cumulative textile and garment exports fell by 10% year-on-year, of which textile exports fell by 11%, compared with the garment exports fell by 8.9%, there is still a large room for recovery.

Textile and garment exports according to RMB: From January to August 2023, the cumulative textile and garment exports were 1,373.42 billion yuan, down 3.9% from the same period last year (the same below), of which textile exports were 628.14 billion yuan, down 5.1%, and clothing exports were 745.28 billion yuan, down 2.9%.

In August, textile and garment exports 19.931 billion yuan, down 5.5% year-on-year, an increase of 2.7%, of which textile exports 83.65 billion yuan, down 1.5%, an increase of 4.9%, clothing exports 115.66 billion yuan, down 8.2%, an increase of 1.3%.

Textile and garment exports in US dollars: From January to August 2023, the cumulative textile and garment exports were US $197.21 billion, down 10%, of which textile exports were US $90.32 billion, down 11.2%, and clothing exports were US $106.89 billion, down 8.9%.

In August, textile and garment exports were 27.86 billion US dollars, down 10.2%, up 2.8% month-on-month, of which textile exports were 11.69 billion US dollars, down 6.3%, up 4.8% month-on-month, and clothing exports were 16.17 billion US dollars, down 12.7%, up 1.3% month-on-month.

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