Industry News
In January 2017, external demand for textiles and clothing improved. In January 2017, the export growth of textile yarns, fabrics and products increased by 1.42% year-on-year. The export growth of clothing and clothing accessories was -2.46%, and the growth rate of footwear exports was 2.96%, compared with 2016. In the month, the year-on-year growth rate of export volume showed a significant increase, and the growth rate turned from negative to positive.
In February 2017, the USDA global cotton supply and demand forecast data were all raised, and the demand increase was even greater. Global global cotton production forecast for 2016/17 is raised by 18,000 tons, demand forecast is raised by 166,000 tons, and cotton ending stocks are lowered by 163,000 tons. The price of cotton dropped slightly, and the price of polyester POY increased. The 328 China cotton price index was 15,972 yuan / ton (-0.16%), and the cotlookA index was 84.10 cents / lb (-1.98%). In addition to the price increase of polyester POY in chemical fiber materials (+1.1%), the prices of other raw materials fluctuated little.
The dyeing factory business was “hot†and the price of dyes rose again by 8%. On February 24th, due to various factors such as cost, environmental protection, supply and demand, dye prices rose again. The ex-factory price of the dispersed black ECT300% mainstream manufacturers rose to 28 yuan / kg, compared with the price of 26 yuan / kg on February 6 rose 2 yuan / kg, an increase of nearly 8%; compared with the beginning of the year price of 20 yuan / kg rose 8 yuan / kg, the increase Up to 40%.
The “Bright Sword†operation in Keqiao District continued, rectifying the printing and dyeing industry. On the morning of February 17, the Keqiao District Environmental Protection Bureau launched the first round of “Mondayly Check†environmental protection special enforcement action in 2017. The inspection targets were 46 printing and dyeing enterprises that were not relocated after last year. After one day of inspection, four companies including 46 printing and dyeing companies Zhongtianlong Digital were suspended from production and rectification. Four companies were investigated and punished. Nine companies had environmental management problems and were ordered to rectify within a time limit.
Fujian Shishi textile and garment exports have flourished and export products have been continuously upgraded. At present, the annual output value of Shishi textile and garment industry exceeds 50 billion yuan. Statistics show that in the first 10 months of 2016, Shishi clothing exports less than 100 yuan in clothing, has dropped from 65% three years ago to 40%; exports of high-end apparel fabrics accounted for less than 20% three years ago to 40% .
The International Environmental Textile Association has released the latest Oeko-Tex Standard 100 eco-textile testing standards and limit value requirements. The eco-textures with Oeko-Tex Standard 100 certificate are unimpeded and the price is 20%-30% higher than that of ordinary textiles. Emphasizing the ecological safety of products has become a new trend in international textile trade. H&M Group's revenue increased by 7% in 2016, and its sales growth in 2017 is optimistic.
The group's fiscal year 2016 sales totaled 223 billion Swedish kronor (including VAT), an increase of 7% in local currency terms. The company hopes that the Group's sales will maintain a 10-15% increase and continue to expand in the Chinese market.
VF Corp.'s net profit fell in the fourth quarter of fiscal 2016. The group recorded a net profit of US$264.3 million, down 15.3% year-on-year. EPS decreased from US$0.72 in the same period of the previous year to US$0.63, and adjusted EPS was US$0.97, in line with market expectations.
(CITIC Securities Investment Co., Ltd.)
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