India Power Loom Enterprises Will Have A Long Holiday On Diwali Holidays.

New developments: India The biggest man-made Textile fabrics The central Loom factory is considering early holiday and extended holiday in Diwali because of over production of yarn and price increase in the past two days.

Market participants say the demand for finished fabrics has dropped to its lowest level in history due to high temperatures and floods in the northern part of India during the monsoon season. The textile center has about 7000000 power looms, with a daily output of more than 25 million meters. Grey 。 Textile dealers buy gray cloth and send them to the processing enterprises for dyeing or printing.

Over the past two days, spinning mills that produce polyester yarns have raised yarn prices by 2-2.5 rupees / kg because of the rising price of petroleum products, and petroleum products are the main raw materials for polyester yarns.

However, the Loom factory has decided to slow down the production of grey cloth, and spend 20 days in the Diwali festival starting in October 25th. The Loom factory had expected the holiday business to be good, but the opposite is true. On the other hand, spinning mills increase yarn prices. Therefore, looms have to take long holidays during Diwali to relieve pressure.