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International oil prices plummeted, how is the situation of fabric companies?

Multi-party costs are rising

According to the statistics of the General Administration of Customs, from January to February this year, my country's textile and apparel exports were US$50.2 billion, a year-on-year increase of 8.9% (in RMB, a year-on-year increase of 6.3%), of which textile exports were 24.74 billion US dollars, an increase of 11.9% (in RMB). A year-on-year increase of 9.3%), continuing the good growth trend since the fourth quarter of last year.

Although the foreign trade export has achieved a "good start", since the beginning of this year, external factors such as exchange rate fluctuations and the rebound of the epidemic have intertwined, making the operation of textile enterprises still face greater uncertainty, and the risks and challenges have increased significantly. According to data released by the National Bureau of Statistics recently, from January to February, the ex-factory price of chemical raw materials and chemical products manufacturing industry increased by 20.3% year-on-year, and the purchase price of chemical raw materials increased by 17.3% year-on-year.