Nantong's State Inspection Department Reminds Enterprises To Seize The Opportunity To Trade With South Korea.

According to Korean bank statistics, as of the three quarter of 2014, South Korea's exports to China accounted for 20.3% of its total exports, which has exceeded the proportion of US exports. The Republic of Korea The largest export market. Recently, the Jiangsu Nantong State Inspection Department reminded local enterprises that the trade with Korea is showing a new situation. Opportunity 。

It is understood that in early November, China and South Korea FTA complete substantive negotiations, will be formally signed early next year, the bilateral trade liberalization ratio of goods exceeds the "tax item 90%", so far is the most widely talked about foreign trade, involving the largest trade volume in the country, which is also to Nantong. foreign trade The import and export enterprises bring the gospel.

According to the statistics of Nantong entry exit inspection and Quarantine Bureau, as of the end of November, the national inspection department handled 1055 batches of products exported to Korea, with a trade volume of more than 150 million US dollars, mainly involving clothing, soybean meal, electrical and mechanical equipment, etc., receiving 642 batches of imported products from Korea, with a trade volume of US $170 million, involving chemical raw materials, oil stamping machines, marine electrical and mechanical equipment, etc. The state inspection department said that the Nantong textile and shipbuilding industry could seize the opportunity to comply with the determination and action of the Korean open market and seek new development.

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According to the survey, chemical fiber is a kind of petroleum product. Whenever the price of oil falls, it will lead to a lower price of chemical fiber products. However, the impact of oil price fluctuations on the prices of chemical fiber products is large, but it can not represent all.

In addition to the impact of oil prices, chemical fiber products are also constrained by many factors such as inventory and demand. Since 2014, the overall situation of China's textile industry is still more complicated. The economic recovery of the developed countries in Europe and the United States lacks strong support, and the rapid development of emerging economies such as ASEAN has obviously dropped.

Affected by this, the demand for chemical fiber products is decreasing, which directly causes the weaving enterprises to dare to produce products and cause too much inventory. Although the cost of raw materials is falling, the lack of demand makes it impossible for chemical fiber enterprises to profit from it.

Aiming at the trend of international crude oil prices in the coming period, Zhao Qingsong, general manager of Wujiang Jintong Textile Co., Ltd., said that international oil prices may still maintain a downward trend in the near future, or rebounded in the second half of 2015. He further said, "it is too early to predict the trend of a year or two years ahead, but the downturn in oil prices in the coming months or in the medium and short term should continue."

In addition to the impact of oil prices, chemical fiber fabrics are also constrained by inventory and demand. Although the decline in crude oil prices will reduce the cost of chemical fiber fabrics, but because of the decline in demand, fabric enterprises still have a hard time to profit from it.