Cotton, chemical fiber and the future

Total viscose staple fiber exports to the United States accounted for only 1% of domestic production, and in the United States 200 billion final list excluded the largest export volume of 55041000 uncombed viscose staple fiber, so the trade war on the actual negative impact of viscose staple fiber exports is not large. China's 5% import tariff will have a certain impact on the viscose fiber industry, which will increase the cost of raw materials for enterprises. In order to reduce costs, companies may choose to replace the United States with other sources of imports, such as further concentration in Brazil, Indonesia, South Africa and other countries.

China's cotton imports from the United States accounted for the first, accounting for more than 40% in 2017. The 25% tariff will significantly increase the cost of cotton, cotton textile enterprises on the one hand will look for other sources of import instead of cotton, pollution-free cotton and Brazilian cotton is more likely to replace the United States cotton, Indian cotton as the second choice, on the other hand will adjust the product structure, increase non-cotton fiber application development, which is an unexpected opportunity for non-cotton fibers.

President Duan put forward four suggestions on the countermeasures of enterprises: (1) Take small steps and invest cautiously; (2) Three do not hesitate: grasp management, engage in research and development, machine replacement; (3) The Belt and Road Initiative, which actively integrates resources and allocates global resources; (4) Must have non-cotton configuration.