Towards the end of the year, there will be a wave of Spring Festival travel rush workers returning to their hometowns, especially in the textile industry this year, which is really expected. First of all, the textile industry will have a long rest time during the Spring Festival. Most of the workers in the textile industry are migrant workers from all over the country. Because of the need of textile production, they usually have very little rest and vacation, so they will stay in their hometown during the rare Spring Festival. This also has an impact on the production time of the textile industry. Generally, the rest time of the textile industry during the Spring Festival is about one month. This is only the rest time. If we add the time for cleaning, refurbishing and recruiting factory machines, the textile industry will stop production for more than a month. Before the Spring Festival, the operating rate has been difficult to improve, and the turning point of the market still needs to be observed. From the present stage, although the weaving market has ushered in a favorable post-epidemic era, and confidence has been boosted, we can't ignore that it is difficult to improve the operating rate of enterprises in the short term, and the probability of "retaliatory" consumption in terminals is not high. Holiday enterprises have no time to pay attention to the trend of raw materials for the time being, and only care about when employees can return to work in Yangkang to deliver the previous orders. Many textile manufacturers with missing orders will choose to take an early holiday for the New Year to adjust their state and fight again next year! The Year of the Tiger is coming to an end, and the situation of textile enterprises is a bit embarrassing. As for when the market will take a fundamental turning point, further observation is needed in the coming year.

First, will the economy be good next year? Recently, in the 16,000-word report of the investment bank Goldman Sachs, it is estimated that the global economic growth rate will be only 1.8% in 2023, and the United States will barely avoid recession, while Europe and Britain will fall into recession. China's GDP growth rate will accelerate from 3.0% this year to 4.5% next year. It is predicted that the growth rate in the first half of the year will be significantly lower than the market expectation, and that in the second half of the year will be significantly higher than the market expectation. The World Trade Organization (WTO) predicts that the global merchandise trade volume will only increase by 3.5% in 2022, and will further decrease to 1.0% in 2023. This year is really not easy. The epidemic situation is repeated, the supply chain is affected, and the emergence of the black swan of the Russian-Ukrainian conflict has even affected the global economy. What's more, the U.S. Federal Reserve keeps raising interest rates to cope with inflation, resulting in a decrease in U.S. demand and a slowdown in investment, which also affects our foreign trade and exports to some extent. Second, what should we do? The focus of our foreign trade can be ASEAN and the belt and road initiative countries. Especially in 2023, which is the second year of RCEP (Regional Comprehensive Economic Partnership Agreement), we can make good use of this agreement. According to the report of the General Administration of Customs, we can see that more and more enterprises enjoy the benefits brought by RCEP (Regional Comprehensive Economic Partnership Agreement). At the same time, foreign trade enterprises can consider the global localization of supply chain, and actively participate in the domestic economic cycle, and there are many opportunities. In this way, we can reduce the influence of geopolitical and economic turmoil, make enterprises more flexible, and enhance their anti-vulnerability ability. Perhaps, we will still feel that the export is not as prosperous as before, but after the epidemic has passed its peak and the country has opened wider, especially after the conference in March next year, I believe that more import and export factors conducive to the economy and foreign trade will come out, and I believe that in 2023, China's import and export trade will rebound in a beautiful U-shaped way.

The latest barometer of trade in goods released by the World Trade Organization (WTO) shows that as the global economy continues to be impacted, the global demand for trade in goods is cooling down, and the growth rate of trade in goods may further slow down at the end of 2022 and 2023. In fact, the gloom of the global economic slowdown has enveloped the textile and garment industry in Asia. According to the latest data released by Vietnam, Bangladesh, Pakistan and other big textile and garment countries, the export situation of textile and garment industries in various countries is grim, and all of them show different degrees of export decline!

After four consecutive days of sharp rise last week, the RMB exchange rate rose again. On December 5th, the exchange rate of offshore RMB against the US dollar continuously rose through the 7.0 and 6.95 marks, with an intraday increase of over 700 points, the highest since the end of November. On the same day, the onshore RMB also rose sharply. The offshore and onshore RMB exchange rates against the US dollar were reported at 6.9504 and 6.9565 respectively. There are two main reasons for RMB's rise above 7: First, the recent favorable domestic policies have greatly enhanced the market's confidence in China's economic recovery, which has played a very good supporting role in strengthening the RMB; Second, under the expectation that the Federal Reserve will slow down the interest rate hike, the US dollar may enter a downward channel, and the corresponding RMB will appreciate. However, the real strength of the RMB exchange rate may have to wait until next year when China's economic recovery is highlighted and the Fed's interest rate hike cycle is confirmed to be over.

As the cold wave may strike, the price of natural gas in Europe will rise, which will test the region's preparation for winter under the condition of limited supply. The futures of TTF natural gas in the Netherlands rose by more than 10% in recent months, reaching the highest level since October 13th. As of press time, the futures rose 9.63% to 160.5 EUR/MWh. The temperature in Europe is relatively mild in November, but according to the data of Maxar and Marex, the temperature in this region may drop sharply this month, which is expected to be lower than the average level of previous years. After Russia cut off most of the pipeline gas supply in summer, the cold winter will further affect Europe by the tight supply. LNG helped Europe fill its gas storage, but inventory began to decline. At present, the price of natural gas in Europe is four times the previous level, which has aggravated inflation and damaged the economy. Europe has been working hard to speed up the construction of infrastructure to receive more LNG, and it is expected that Germany will build its first import terminal this month. However, if Asia also encounters a cold wave, its rising demand will intensify the competition for natural gas in various regions, leading to further higher prices.

The return of sportsmanship in recent years has changed the fashion trend. The diversification of lifestyle has also continued to promote the development of sportswear, and the market segment has attracted attention. Trend 1: exquisite nature+silent neutral color Fashion style and sports are the mainstream, with streamlined modeling and flowing materials. The matte surface of the fabric can present soft color mixing and dry touch through cotton/polyester and cotton/nylon blends, creating a diversified and practical casual appearance. Trend 2: Pure beauty first+soft color gray tone Consumers occasionally need to escape from reality. Dream and reality reach a delicate balance in this spring and summer. Candy colored sports bras and yoga pants are paired with jackets and other silhouette coats, such as box cut tops or H-shaped windbreaker, making your skin youthful and dynamic. The light perspective fabric is the key point of application. The soft and fine poplin, chiffon, taffeta, etc. span the style boundary and bring a new idea of mixing and matching to the young sports style.

China has been a major country in silk and cotton textiles since ancient times, and the "Silk Road" has influenced the world. Since ancient China, China has demonstrated its commercial exploration in textiles and clothing. Up to now, China is still the first producer and exporter of textiles. In 2021, China's textile exports will account for nearly half of the total global textile exports. There are endless opportunities to seize single floor at sea Recently, affected by the epidemic and weak global demand, many textile enterprises said that their orders declined. In order to change the status quo, textile enterprises rushed to sea for orders. Risk reduction due to favorable policies As a large textile and clothing country, China's textile and clothing industry has formed a full industrial chain from upstream raw materials to midstream fabric processing and then to downstream clothing management. It has a manufacturing industry cluster from design, fabric and finished product manufacturing to warehousing and logistics.

The style of fabrics woven from yarn dyed by segments has been fundamentally broken through, so they are favored by the majority of consumers. Yarns suitable for segment dyeing include: cotton, polyester cotton, nitrile cotton, viscose staple filament, acrylic fiber, rayon, polyester fiber, pure wool yarn, nylon thread, nylon staple filament and various blended yarns Dyes that can be used for stage dyeing include reactive dyes, acid dyes, disperse dyes, paints, etc.