Large Scale Export Of Textile Export Enterprises Under The Dual Pressure Of RMB Rising And Internal Derogation

"P" is affected by the rise and fall of RMB. China's < a href= "//www.sjfzxm.com/news/index_c.asp" > textile > /a > clothing export enterprises are close to the line of life and death.

Relative to export enterprises, the rise or fall of the renminbi also means the order at the beginning of the year, and the profit will be reduced by 0.7% if it is settled in US dollars.

For this reason, export enterprises are having a hard time.

In the face of such a trend, where should textile and garment export enterprises go? < /p >

< p > > Shang Pu consulting light industry analyst pointed out that since 2013, the profit of foreign trade enterprises has been "evaporated" with the increasingly frequent record of exchange rate changes.

Under the dual pressure of RMB appreciation and internal depreciation, export enterprises have been severely damaged.

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< p > facing the "evaporation" of foreign trade profits, the textile industry has reduced export profits, and some companies have begun to stop processing trade production.

The biggest problem for textile exporters is the appreciation of the renminbi.

Textile export enterprises dare not take orders.

While the renminbi appreciates abroad, it is also losing its value internally.

The result is domestic inflation, rising prices and rising cost of export enterprises, of which labor costs are the fastest rising.

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< p > with the depreciation of RMB, the prices of raw materials are also rising.

As the textile industry simply can not control the cost of raw materials, it makes the industry worse. Because our country implements < a href= "//www.sjfzxm.com/news/index_f.asp > cotton < /a > import quota restrictions, in order to restrict the import of large quantities of overseas cotton to the domestic cotton market, so domestic textile enterprises mainly use domestic cotton. At present, the price of cotton in China is higher than that of the international cotton price by 3000~4000 yuan / ton, which causes great pressure on the cost of production of export enterprises.

Because of the "cost plus" pricing model used in yarn and other textile products, the reference price for export orders is lower than the international cotton price. Therefore, < a href= "//www.sjfzxm.com/news/index_p.asp" > yarn < /a > the order price is lingering low.

The production of domestic cotton with high cost is constantly falling in price, which means that the larger the volume of production, the more profits will be consumed.

A large number of textile enterprises have to close.

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< p > > according to the "2012-2016 years' analysis and market forecast report of China's textile industry" released by Shang Pu consulting, it is shown that the RMB will probably change from appreciation to depreciation, and the date of foreign trade enterprises is expected to improve.

Judging from the market situation, it is appropriate to consider further widening the fluctuation range of the RMB exchange rate.

This means that the risks faced by domestic exporters in the future may shift from the appreciation of the renminbi to the uncertainty of two-way fluctuation of exchange rate.

The future of the export textile industry is uncertain.

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