Oil Wars, US Stocks Plummeting, Epidemic Spreading... Foreign Trade Enterprises "Go On Thin Ice"

These two days are dark for the textile people, and the overseas epidemic continues to escalate. The death rate of Italy's new crown pneumonia has now exceeded 4.96%, the highest in the world. With the spread of the epidemic, alarm is constantly being heard all over the world. And academician Zhong Nanshan also said: It is estimated that the development of the global epidemic will last until at least June.

Crude oil also suffered epic fall. In March 9th, a very likely date will be recorded in the annals of history. Brent crude oil futures fell 31% (about 14 U.S. dollars / barrel) in just a few seconds after the Asian trading session opened, hitting a minimum of 31.02 U.S. dollars / barrel, the most intense selling ever. ? As crude oil is the most upstream of the textile industry chain, the rise and fall of crude oil prices will greatly affect the textile market. As expected, March 9th opening, PTA, glycol double down! Polyester also began to fall. 。

At 21:30 in the evening of March 9th, U.S. stocks opened sharply down, the Dow fell nearly 1800 points, the largest drop in the market once more than 2000 points, the NASDAQ fell over 7%, S & P fell 6.7% 。

I have to say, 2020, is a magic year! ? Let the textile boss who has been walking on thin ice tremble even more.

US stocks plunged, triggering global panic.

US stocks fell, triggering a decline in global stock markets, and even our A shares were not immune. This pessimism will spread. The US stock is the world's leading stock market. The United States is the Central Bank of the world. The weakness of US stocks will spread to other countries, and other countries will feel risky and panic selling.

Textile boss predicted: "if this wave can stop, the problem is not very big. The most feared thing is continuous decline." Fall to the end Everyone's money in the pocket has shrunk. The more money they lack, the more they will not buy. They will also sell assets, which will lead to the sale of goods and the fall in house prices. The economic crisis of 2008 is likely to happen again. Textile and clothing exports will soon be reduced, and our exports will face another blow. "

With the economic recession and the spread of the epidemic, this year's export trade will be much more difficult.

Years ago, the Ministry of foreign trade was prepared to set up a foreign trade department.

A textile boss revealed: "I had recruited many people a year ago, and the salesmen, the rationale list, the merchandiser and so on. It has also changed a larger facade to prepare for the establishment of the Ministry of foreign trade. "Another foreign trader is also very anxious." at this time, there should be more or less orders. Since the beginning of this year, customers have not made a list of them, making textile profits already low. Especially in the past two years, a large number of enterprises have failed, which worries me very much. "

In 2019, the textile market began to fade, and the label of "busy season is not prosperous, and the off-season is getting longer" is difficult to tear. Mainly due to the weakening of external demand and the Sino US trade war, the export situation is more severe. According to China Customs data, the total export volume of textiles and clothing in China in 2019 was 280 billion 700 million US dollars, down 1.5% from the same period last year. 。

The outbreak of the epidemic, clothing consumption decline bear the brunt. According to research by relevant agencies, The global spread of the epidemic has lost more than about 10000000000 of the textile and garment industry. Next, textile export enterprises will be faced with a reduction or even loss of orders.

"This year's foreign trade is not good enough to do" has become the resonance of many textile bosses. Especially for those who want to enter Japan and South Korea, the United States and European countries, the first half is very difficult. If the epidemic is effectively controlled, demand will probably recover in the second half of the year.

Textile industry anxiety index increased unprecedentedly!

There are hundreds of textile and garment enterprises, but in the face of the epidemic, everyone's anxiety is the same.

A producer of conventional products sighed with emotion. After a hard time in 2018, overcapacity in 2019, we only wanted to live in 2020.

" Last year, we lost a lot of cloth because of the loss of customers. We lost a lot of money at the end of the year. We were very sad before the epidemic. Now we have little cash left. " - from a boss who tried to transform.

"This should be the most profitable time in previous years. Years ago, we had stocked tens of thousands to hundreds of thousands of spring clothes for sale in the future. Now, even if the market is resumed, the passenger flow can be imagined. The spring clothes of this season can only be turned into stock. The longer the inventory is, the less valuable it is! This year's clothing business is estimated to be cool, plus every month's expensive rent, at least by the loss of millions. 。 "The operator of Guangzhou Zhongda clothing business circle revealed.

Thus, textile and garment enterprises are facing the epidemic period. Cash flow tensions caused by reduced orders, reduced profits, labor costs and rent costs. 。 Together with the two days of the stock market crash, everyone's panic index is rising. Fortunately, the government has introduced a series of "rescue markets" policy, giving enterprises some buffer room, but the government's help is limited. If the enterprise wants to survive, it must rely on self-help, accomplish transformation and upgrading as soon as possible, and be able to remain invincible in the market. 。

afterword

Now, every industry is waiting for a spring day, looking forward to the day when it can take off the mask. Let us take the 2020 epidemic and the stock market crash as a test, the test will eventually pass, only the fittest can survive.