According to China Customs statistics, in August 2023, the total import and export of fabrics in China was 5.78 billion US dollars, down 6.9% year-on-year. Among them, the export was 5.55 billion US dollars, down 6.1% year-on-year; Imports were $230 million, down 21.3 percent year-on-year. In August, exports picked up under domestic economic policy, base slowdown, exchange rate depreciation and other factors, and the decline in fabric exports in the month was slightly narrower than in the previous period.

From January to August, the export of intermediate products such as yarn and fabric fell by 11.3% and 11.5% respectively, of which the price fell by 20.2% and 8.4% respectively, and the export price fell continuously, which was the main drag on the export decline.

Recently, the price of international commodities has rebounded, the rise in crude oil prices has led to the price of the industrial chain, the rise in cotton demand and the adverse weather impact on the expected increase in production expectations, the domestic cotton price upward trend is obvious, repeatedly hit a new annual high. For textile and garment products, the rise in upstream raw material import prices generally will not be quickly transmitted to the downstream, which will again squeeze the profits of textile and garment enterprises.

From January to August 2023, the import and export volume of fabrics in the country was 44.98 billion US dollars, down 11.8% year-on-year. Among them, the export value was 43.16 billion US dollars, down 11.5% year-on-year; Imports were $1.81 billion, down 19% from a year earlier. China's fabric trade is mainly exported, accounting for nearly 90%. In recent years, with the continuous enhancement of China's independent research and development capability of fabrics, some high-end fabrics monopolized by Europe, America and Japan in the past have achieved independent production, and the import of fabrics in China has declined year by year.

In addition, for many fabric companies, this year's "gold nine silver ten" came some quiet, although this year's fabric market "gold nine silver ten" may not be as good as in previous years, but the industry generally believes that the fourth quarter market performance can still be expected, the last two months of market performance or will appear "carry-over" phenomenon.

Textile enterprises produce cautiously

In September, affected by the soaring international oil prices, textile raw material prices began to rebound. PTA and ethylene glycol prices rose rapidly, and polyester filament prices also rose strongly. However, compared with the hot raw material market, the fabric market appears quite "calm".

"Now the concept of 'nine gold and ten silver' is fading, and the market has no clear timeline." Shanghai Zhengjia Milk silk Technology Co., LTD. (hereinafter referred to as "Zhengjia milk silk") relevant person in charge said, "In previous years from August, the factory is running at full capacity, the workers basically have to 'three shifts', but in recent years the market is somewhat abnormal, the concept of off-season and peak season is gradually blurred." This year in particular, the gold sales period is clearly not complete."

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Hai'an County Qinfeng Chemical Fiber Co., Ltd. specializes in production and sales：polypropylene staple fiber, Polyester Staple Fiber, functional polypropylene short fiber, functional polyester staple fiber, hydrophilic polyester staple fiber,  polypropylene, PP staple fiber, polyester staple fiber.