Textile industry: Flowers bloom inside the walls and fragrance outside the walls, and cross-border business grows rapidly
China’s manufacturing industry was still expanding at the end of 2016. National Bureau of Statistics PMI
In December 2016, it dropped 0.3 percentage points to 51.4, remaining in the expansion range and the second highest level in 2016. The PMI index shows that the manufacturing industry is still expanding at the end of the year.
Seven Chinese companies in the textile and apparel industry were shortlisted for the top 20. At the end of 2016, among the top 20 companies in the textile and clothing industry by market value, 7 Chinese companies were among them, namely: Shenzhou International, Anta Sports, Heilan House, Yue Yuen Group, Youngor, Jihua Group and Belle International, while the remaining 13 listed companies are mainly in the United States, with casual brand Nike ranking first with a market value of 587.245 billion yuan.
The prices of petroleum and chemical fiber increased significantly in December. Oil prices continued to surge in December, rising 12.6% month-on-month, and polyester staple fiber prices fluctuated accordingly. As of December 30, the quotation price of polyester short fabrics was 8,420 yuan/ton, an increase of 14.2% compared with the same period in November, and the quotation price of sticky short fabrics was 16,700 yuan/ton, an increase of 9.2% compared with the same period last month. After New Year’s Day, international cotton prices rose significantly.
46 fabric workwear companies have disclosed performance forecasts. As of January 5, a total of 46 companies in the workwear and home textile sectors of Shanghai and Shenzhen stock markets have disclosed their 2016 annual report performance forecasts. Among them, 11 companies have pre-increased companies, 10 companies have continued to make profits, and 15 companies have slightly increased. In terms of sectors, listed companies in women’s clothing, casual wear, men’s clothing, and shoes and hats have a concentrated pre-growth ratio.
The RMB exchange rate rose significantly last Friday, but expectations of depreciation still exist. Last Friday, the central parity rate of RMB against the U.S. dollar increased by 639 basis points, the largest increase since July 2005. However, on that day, the domestic and offshore RMB once fell below the 6.93 and 6.84 levels. The RMB was in bilateral shock. The market generally believed that the expectation of RMB depreciation had not been reversed.
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