Forecast Of Textile Market Trend After Year

At present, most textile mills are on holiday during the new year, and the vast majority of enterprises are expected to start eight at the beginning of the month.

Roughly speaking, the external capacity increased and industry boom declined, making the textile industry in 2019 more uncertain.

From the existing data, cotton spinning industry is indeed more difficult than before, but basically maintained stable development.

The result of Sino US peace talks is directly related to the development of the textile industry.

Any news about the Sino US peace talks will cause sharp fluctuations in the stock market and commodities.

According to the latest news, US Treasury Secretary Panuchin said he and other US officials will go to Beijing next week to participate in the trade negotiations aimed at reaching an agreement to avoid US tariffs on Chinese goods in March 2nd.

This has also made the market optimistic about the attitude towards trade negotiations, prompting the US cotton rose yesterday.

At present, the market is waiting for the US Department of agriculture (USDA) to release a number of crop reports postponed due to partial government shutdown.

USDA's annual forecast of supply and demand is expected to be released on Friday.

After market research, textile enterprises also hold different attitudes towards the market outlook.

Some textile enterprises have confidence in the market next year.

Many enterprises believe that the textile market is very uncertain next year. The demand for textile market is weakened and competition is fierce. The cake is partitioned and the survival of small enterprises is rather difficult.

In addition, it is understood that textile enterprises in order to withdraw funds to clean up some inventory as early as a few years ago, but as downstream factories have stopped purchasing cotton yarn, spinning enterprises entered the storehouse stage more than a year ago, which has a great impact on cotton sales and cotton price movements.

From the cotton spot traders, we know that now the procurement of enterprises is basically completed, and the sale of lint cotton is in the off-season. In the process of abundant market resources, large selectivity and low price, the spinning enterprises are cautious in making a small stock.

Because of the high cost and low price of lint processing this year, some ginning mills and traders are reluctant to sell, waiting for the market to reverse.