The Performance Of The Yarn Market In Hebei, Henan And Henan Is Still Not Strong.

In late October, the performance of the yarn Market in Ji Lu Yu region is still not strong, far less than expected.

Not only did not usher in the peak season in the past, it is reported that some of the textile enterprises are in a very difficult position, yarn orders are insufficient, sales are slow, prices are stable and weak, inventory is strong, yarn prices are likely to continue to go down, and product sales are actively traded for cash flow.

It is reported that a certain Shandong

C40S quoted 21800 yuan / ton, down 200 yuan / ton last week, C32S quoted 20500 yuan / ton, and reduced 200 yuan / ton.

T65/C35 32S of a Hebei company quoted 16300 yuan / ton, down 200 yuan / ton compared with last week, and T65/JC35 45S quoted 19200 yuan / ton, down 300 yuan / ton according to the previous stage.

On the contrary, recently

Orders and enquiries have increased, mostly in polyester, viscose and blended fabrics.

Buyers and sellers have many differences in accepting prices. They always communicate with each other until they reach agreement.

Because the downstream textile mills are not as good as they used to be this year, they are also faced with the situation of reduced orders, high quality requirements, and gradually decreasing profits, which is difficult to support the yarn market.

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According to a report recently released by the Korean Academy of industry, "the devaluation of the RMB, the export outlook and Revelation of major industries", recently, due to the continued depreciation of the RMB, the export industry with high export similarity between China and Korea will be negatively affected.

At present, all countries in the world have been making use of reducing their national currency value to increase import and export, and China has joined the currency war. The export of major industries in Korea is expected to be greatly affected.

South Korea's Industrial Research Institute pointed out that South Korea has just been affected by Japan's use of the depreciation of Japanese currency to promote the competitiveness of products. If China also lowered the value of the renminbi to enhance competitiveness, it would face a new challenge for the Korean export which had already been slump. The devaluation of the RMB and the price competitiveness of Chinese products in the global market will improve, resulting in a reduction in demand for Korean products.

According to the analysis, the main industries of South Korea which may be greatly affected by the depreciation of the RMB include fiber, general machinery, refining, household electrical appliances (finished products) and steel.

Refinery projects increased because of cheap Chinese exports, and exports of Korean products were greatly reduced.

The influence of Chinese products on the high priced household appliance market is increasing, resulting in a reduction in demand for Korean products.

In addition, the iron and steel industry has increased its share in the global market due to the increased price competitiveness of Chinese products, and the relative position of Korea's steel industry has been reduced.

China's products almost occupy Vietnam and other Southeast Asian markets, while South Korea's exports are relatively low.

Due to the high similarity between general machinery and Chinese products, the export of medium class mechanical equipment will be reduced.

The industry research institute said that due to the rapid development of low development countries such as China, coupled with the recent global economic downturn, excessive supply, falling oil prices, devaluation of Japanese yen and RMB, and so on, the export environment of South Korea is gradually deteriorating. Therefore, it is necessary for South Korea's industry to carry out structural reforms with high intensity and enhance the competitiveness of prices and products, so as to respond to changes in the external industrial environment and actively expand markets such as India and Vietnam in order to break away from over reliance on exports to China.