First Venture: Textile And Apparel Exports Face Severe Situation In The Second Half Of The Year

In 1-4 months, the fixed assets investment in the textile and garment industry totaled 81 billion 146 million yuan, representing an increase of 19.08% over the same period last year. One month, 4

The investment in textile industry increased by 15.18% over the same period last month, and the investment in garment industry increased by 23.22% compared with the same period last year. The growth rate of chemical fiber industry increased this month, a significant increase of 42.55% over the same period last year.

Textile and clothing exports increased by 26.1%, 9.5% and 1-4 months respectively in 1-4 months, and China's textile and garment industry achieved 537.87 of total export volume.

Billion dollars, an increase of 15.54% year-on-year. According to the industry, textile exports in the first 4 months were 21 billion 596 million US dollars, up 26.1%, 4

The growth rate in January / month was 24.81%, a year-on-year increase of 26.6%, and clothing exports in 1-4 months amounted to 32 billion 192 million US dollars, up 9.5%, 4 over the same period last year.

The month rose 10.62% compared with the same period last year, rebounded by 36.93%.

Apparel retail sales increased by 26.37% in April compared with the same period last year.

In 1-4 months, the retail sales above the clothing category totaled 135 billion 520 million yuan, up 26.37%, 4

Retail sales grew by 20.84% over the same month, down 5.31% from the same month. The number of clothing retail sales of hundreds of major retail enterprises in China reached 70.59 in April.

Billion yuan, an increase of 23.6% over the previous year, a slight decrease of 3.76% in the annulus ratio.

Domestic cotton prices rising, chemical fiber prices down

The international cotton price Cotlook A fell 1.71% in May, and the national cotton 328.

Prices continued to rise, up 2.94% this month. The price of PET staple fell 5.65% in May and ended at 10020 at the end of the month.

Yuan / ton, viscose staple price dropped from 19830 yuan / ton to 19400 yuan / ton, or 2.17%.

Investment suggestions: textile and apparel exports are facing a severe situation in the second half of the year. The main export markets, the employment data in the United States are relatively bad, the economic recovery is slow, the European market is more sovereign debt crisis, and the market demand is more difficult to grow. In addition, the rising cost of raw materials and labor costs are squeezing the gross profit of export enterprises, coupled with the pressure of RMB appreciation, and the export of industries is difficult to maintain, maintaining the "neutral" rating of the whole industry. In terms of stocks, we are optimistic about the United States and costumes, and maintain their "highly recommended" investment rating. We should pay attention to Saturday, Weixing stock and Luo Lai home textiles.