The Spring Of Shaoxing Textile Industry Is Near.

Under the circumstances of the increasing international financial crisis, the Pearl River Delta and the Yangtze River Delta, the most active economy in China, were the first to feel the wind of financial crisis.

In particular, the weakness of the US market in the first export market makes China's textile industry feel the pressure of sales.

At present, many chemical fiber, textile, printing and dyeing enterprises in Shaoxing are experiencing unprecedented difficulties and challenges.

After in-depth investigation of textile enterprises in the county area, we believe that, with the recent sharp decline in international crude oil prices, enterprises attach great importance to management and reduce operating costs. The positive changes in the national macroeconomic policy, the textile industry's signs of warming are beginning to show, textile enterprises are speeding up pformation and upgrading, and the Shaoxing county Party committee and county government have responded positively to the impact of the crisis. As a pillar industry, Shaoxing textile industry has taken the lead in feeling the warm spring coming.

We have reason to believe that the operation environment of modern textile industry in Shaoxing county will get better and better, and the textile enterprises will gradually get out of the predicament, and the spring of textile industry is striding towards us.

The international crude oil market dropped sharply after October, and the NYMEX crude oil futures in November 5th were 70 US dollars / barrel. At present, the crude oil market is at a low level for nearly 16 months.

With the global financial crisis, the fund market and the global investment bank's crude oil price manipulation bubble has been gradually squeezed out. Experts predict that oil prices will fluctuate between us $60-80 / barrel for a certain period of time.

Affected by this, Asian PX spot prices fell to $690-695 in October 23rd.

At the same time, it caused irrational selling of PTA suppliers. By the end of October, domestic PTA spot price had dropped to 4900 yuan / ton (equivalent to crude oil 30 US dollars / barrel), a decrease of 4700 yuan / ton compared with the end of June, a decrease of 48.9%.

The spot price of MEG has dropped to 3400 yuan / ton in late October, a decrease of 5700 yuan / ton compared with the end of June, a decrease of 62.6%.

The price of tapewood silk also dropped sharply. Taking POY150D/48F as an example, the price at the end of October was 6800 yuan / ton, down 5700 yuan from the end of June, or 45.6%.

From the Keqiao textile index of November 3, 2008, we can see that the price index of raw materials is 85.58, down 9.14% from the beginning of June.

Grey fabric price index 101.2, clothing fabric price index 99.05, home textile price index 97.24, respectively, compared with the beginning of June, +0.79%, +1.5%, -0.16%, and basically the same level in early June, fully shows that the textile enterprise's profit margins have increased.

On the other hand, the sharp fall in raw material prices has also significantly reduced the amount of liquid capital occupied by textile enterprises, which is undoubtedly a good medicine for textile enterprises troubled by funds and benefits this year.

Of course, we should also see that the price drop of textile raw materials and upstream products is a double-edged sword.

Driven by the mentality of customers buying or selling, there will be a short-term phenomenon of unsalable sales of textiles.

However, the price of textile raw materials is in the stage of rising and falling, which plays a key role in rebuilding confidence.

While the cost of textile raw materials has dropped significantly, other production costs have also declined markedly, mainly as follows:

Dyeing and finishing materials cost: 10 at the end of the month, the price of main dyestuff, red jade, yellow brown and Sumei clone were 19 yuan, 17 yuan, 80 yuan / kg respectively, which were 13 yuan, 11 yuan, 40 yuan / kg respectively, compared with March (Olympic preparation), with an average decrease of 36%.

Thickener 5500 yuan / ton, down 10% compared with March.

The cost of coal: at the end of 10, the price of high-quality mixed coal (5900 kcal) was 980 yuan / ton, and the price of electricity coal was 800 yuan / ton, which decreased by 220 yuan and 200 yuan / ton respectively at the end of 6 months, with a decrease of 18% and 20% respectively.

The cost of steam: the average price of gasoline at the end of 10 is 190 yuan / ton, which is 20 yuan / ton less than that in August, a decrease of 10%.

Electricity cost: Although the price of electricity is unchanged from the past, with the decline of coal prices and the reduction of power generation costs, electricity prices will be expected to decline in the future.

Logistics costs: the current export freight costs have dropped significantly. By the end of October, the international Baltic comprehensive freight index (BDI) fell below 1000 points, closing at 982 points, down 91.1% from the 11067 highest point at the end of May.

The cost of Taxation: this year, the Shaoxing national tax was levied at the beginning of the year, 5 billion yuan, which has been planned to be reduced by 300 million yuan.

At present, the national tax department advocates harmonious expropriation, and resolutely does not accept overheads tax.

Interest cost: since September 16th, the central bank has cut interest rates for the three time in a month and a half, and the benchmark interest rate of one-year RMB loans has been reduced by 0.81 percentage points. By calculation, the industrial enterprises in the county can reduce the loan interest expense by 146 million yuan each month, and save about 10% of the financial cost each year.

According to analysis, the central bank also has the trend of further reducing interest rates.

At the same time, corporate social financing is greatly reduced in the current economic and financial environment, which is conducive to reducing financial cost support.

Three, all kinds of good news came out one after another.

The direction of development is clear.

Textile industry is an advantageous industry in China. It is also an important industry for accumulating capital and expanding employment. It is also one of the largest export industries in China.

In the national "11th Five-Year" development plan, we should enhance the level of light textile industry, encourage textile enterprises to increase added value, consolidate and enhance the competitiveness of light textile industry, and promote the gradient pfer of textile industry as the development direction of the textile industry.

In the next five years in October, the modern textile industry is the top five industries in Shaoxing.

Shaoxing county actively encourages the textile industry to enhance its development. Through product differentiation, functionalization, high-end and branding, it striving to build an international textile manufacturing center, trade center and creative center, striving to increase the added value of textiles and promote the upgrading of the textile industry as a whole.

The export rebate rate has been raised.

As part of the textile and clothing export tax rebate rate increased by 2% in August 1st, the export rebate rate of textiles and clothing increased from 13% to 14% from November 1st, and the range of commodities involved was wider, which directly benefited 1900 textile export enterprises in Shaoxing county.

If Shaoxing chemical fiber export enterprise Shaoxing Binhai Petrochemical Group Co., Ltd., the monthly export tax rebate rate increase can increase about 350 thousand yuan per month.

The increase of export tax rebate rate not only relieves the pressure of export enterprises, but also enhances the confidence of textile export enterprises and strengthens the competitiveness of textile products.

Monetary policy tends to be loose.

Since September 25th, the central bank has lowered deposit expectations for the two time.