Market Dynamics Observation

On the raw material side: domestic cotton prices are stable with a slight decline, foreign cotton prices have decreased and then increased, the price of viscose staple fiber remains stable, and the price of polyester staple fiber has decreased and then increased.

The spinning workers showcase their skills at the vocational skills competition held at Shunyuan Textile Co., Ltd. in Fujian.

From October 25 to 26, the finals of the 2024 Spinning Worker Vocational Skills Competition in Fujian Province successfully concluded at Shunyuan Textile Co., Ltd., known as the "Hometown of Zhuzi and the Heart of Min, Youxi." This competition was jointly organized by the Fujian Provincial Department of Industry and Information Technology, the Department of Human Resources and Social Security, and the Federation of Trade Unions, with co-hosting by the Fujian Textile and Garment Industry Association, the Fujian Financial, Trade, Light Textile, Tobacco, and Pharmaceutical Workers' Union Committee, the Fujian Fiber Inspection Center, and the Youxi County People's Government.

75 Years of Striving for Strength, 75 Moments - Rewalking the Dream Path of China's Textile Industry

From 1949 to 2024, in just 75 years, the Chinese textile industry has undergone tremendous changes, akin to an epic saga. Through the hard work, self-reliance, and innovative efforts of several generations of textile workers, the industry has emerged from a long-standing shortage predicament characterized by rationed supplies. By the end of the last century, it had transformed into a major global producer, consumer, and exporter of textiles, and is now embarking on a new journey towards becoming a strong textile nation.

The 2024 Yarn Expo for autumn and winter has successfully concluded.

From August 27 to 29, 2024, the three-day 2024 Yarn Expo China International Textile Yarn (Autumn/Winter) Exhibition successfully concluded. As one of the four major professional exhibitions of the 2024 China Textile Federation Autumn Joint Exhibition, this year's Yarn Expo Autumn/Winter Yarn Exhibition once again gathered industry strength, presenting a grand feast of yarn.

Overview of Yarn Import and Export in China from January to June

From January to June 2024, China's yarn exports amounted to 7.02 billion USD, a year-on-year decrease of 1.7%.

Economic indicators show mixed trends, with weak performance continuing in the off-season - Monthly analysis report of China's cotton textile industry for May 2024.

In May, the industrial added value of enterprises above designated size nationwide increased by 5.6% year-on-year and by 0.30% month-on-month. From January to May, the industrial added value of enterprises above designated size increased by 6.2% year-on-year. Among them, the textile industry saw a year-on-year growth of 5.3% in both May and from January to May.

"China's City of Chemical Fiber Fabric" and "China's City of Blended Yarn" Promote High-Quality Development of the Textile Industry

On May 28, 2024, Zhang Haiyan, Deputy Director and Secretary-General of the Industrial Cluster Working Committee of the China National Textile Industry Council, stated at the "Shanghai-Ming Cooperation" and "Mountain-Sea Cooperation" Conference on High-Quality Development of the Textile Industry held in Youxi County, Sanming City, Fujian Province, that China's textile industry has formed a globally comprehensive industrial system, with fiber processing volume accounting for over 50% of the global total, and textile and apparel export value accounting for more than one-third of the global total.

In the first quarter of 2024, China's textile industry achieved a good start in economic operation.

In the first quarter of this year, China's textile industry fully implemented the decisions and deployments of the Party Central Committee and the State Council, adhering to the principle of seeking progress while maintaining stability, promoting stability through progress, prioritizing establishment before breaking, continuously deepening transformation and upgrading, and accelerating the construction of a modern industrial system.