The growth of global and Chinese textiles is an important basis for us to judge the major chemical fiber varieties such as polyester. The actual situation in which the textile industry is generally worried about the transfer of the textile industry to other Asian countries is far less than the feeling of everyone. Domestic cotton premiums to the international market subject to domestic revenue and storage and quota policy will last long. Within a cotton high will long-term impact on domestic demand for cotton products. Import of the world's major consumer of textiles declined, do not be overly pessimistic. The situation in the major net importing countries, the United States and Japan, is relatively high, with a year-on-year increase this year. Imported textiles from the EU and South Korea declined significantly. However, with the exception of South Korea, the percentage of major consumer countries importing textiles and raw materials from China (42%) remained stable, with no trend of substitution being seen. The major textile exporters in Asia have no trend of replacing China. As for the situation of the net exporters of the four major Asian textile products, in recent years, the scale of exports has not seen any close to China or the export growth rate was significantly faster than that of China. For the time being, there are no signs that these countries can make short-term investments in China Textile exports a shorter length. China's domestic exports of textiles affected exports slowed down, domestic demand is relatively stable. Domestic textile export delivery value with the European market demand fell. This year is expected to remain flat year on year (5%). Domestic consumption data excluding export delivery values ​​is relatively healthy (up 11.5%). Judging from the comparison between the major consuming countries and exporting countries of textiles, we can not see the market's general concern about the trend of China's exports being replaced by newly emerging Asian countries. The 14% drop in imports of the EU market, which has the most impact on China, is a major factor affecting domestic exports. However, the current decline has reached a record low. We expect gradual recovery to be a large probability in the long run. And after years of development, domestic consumption has already exceeded 80% of the total demand. This growth rate is relatively steady, and the market does not have to over-demand it. The proportion of cotton as a textile raw material is decreasing year by year, but its vane is of great significance. The basic balance between supply and demand in the international market, the global stock of high prices for China. Subject to the import quotas of China, the most important market, there is a high possibility that foreign cotton prices will remain weak in the future. Reserves and quotas to ensure that cotton premiums inside and outside, but curb downstream demand. Buying and selling prices to boost domestic prices, import quotas to limit imports, the next foreign cotton insider premium will continue. The high cost of cotton and the lack of competitiveness with foreign countries will long-term curb downstream demand. Domestic cotton prices on the international market is difficult to bridge the short-term premium, and will suppress the domestic demand. Chemical fiber to some extent benefit, especially with cotton alternative products such as polyester.
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