Many Cities Closed Down, And Textile And Foreign Trade Enterprises Encountered A "Withdrawal Tide" In The Traditional Peak Season.

Since the outbreak of the new crown pneumonia outbreak in China, economic and trade, production and processing have been pushed down, and the textile industry has been under the pressure of delayed start and partial orders. With the slow start of the resumption of work in mid and late 2, the market is slowly improving. However, since the outbreak of foreign markets and triggered a sharp fall in the financial market, raw materials plunged and superimposed orders dropped sharply, and the turnover of the market changed again. Some textile enterprises feedback the traditional peak season of 3 and April will become the most difficult time.

Epidemic outbreak increases uncertainty in textile market

World Health Organization real-time statistics show that as of 0:59 Beijing time on March 23rd, the world confirmed 294110 cases of new crown pneumonia, 12944 cases of death. At present, 186 countries and regions have confirmed cases of new crown pneumonia, and more than 210 thousand cases have been diagnosed with new crown pneumonia outside China.

On March 22nd, Italy, Germany, France and other European governments announced new measures to cope with the rapidly spreading epidemic.

Italy

Up to 18 hours local time March 22nd, 5560 new cases were confirmed within 24 hours in Italy, 59138 cases were diagnosed nationwide and 5476 cases died.

The Prime Minister of Italy signed a decree to stop unnecessary production activities on the 23 day. The law is valid until April 3rd. Prior to the adoption of the government limit, stop commercial activities and other prevention and control law extended to April 3rd.

Germany

German Chancellor Merkel announced on the evening of 22 local time that Germany was temporarily not implementing nationwide "ban" but banned more than two gatherings. Offenders would be fined (except for family members living together).

After the press conference, a spokesman for the German federal government revealed that German Chancellor Merkel would be quarantined at home because the new crown virus tested positive for her treatment.

France

Local time 22, the French Ministry of Health said that new confirmed cases in France 1559 cases, the cumulative diagnosis reached 16018 cases, 674 cases of death.

The French Senate and the national assembly have passed the bill, which stipulates that France will establish a public health emergency for 2 months from the date of its entry into force. In the meantime, the French government can limit the flow of personnel to and expropriate necessary materials and services by issuing administrative decrees, and provide financial assistance to enterprises and individuals.

Britain

Up to 9 hours local time March 22nd, the total number of confirmed cases of new crown pneumonia in the United Kingdom reached 5683 cases and 281 cases died.

Next week, the national health service plans to send letters and text messages to 1 million 500 thousand high-risk groups, including severe respiratory diseases and transplant recipients, to protect their health within 12 weeks.

Spain

Up to 11 hours local time March 22nd, the total number of confirmed cases of new crown pneumonia in Spain increased to 28572 cases, 1720 cases died, 3646 cases increased compared with 21 days in the same period.

Spain declared the state emergency for another 15 days. Prior to the new crown pneumonia epidemic, Spain declared a state of emergency in March 14th.

Greece

The Ministry of Health announced in the afternoon of March 22nd, 94 new confirmed cases in Greece, 624 cases were diagnosed in the whole country, 15 cases were dead, and the average age of the dead was 77 years old.

Greek Prime Minister Mitsotakis announced that from 23 to 6 o'clock in the morning, the nationwide implementation of a comprehensive closed, nationwide ban measures.

In addition, the epidemic situation in the United States is not optimistic. The latest data released by Johns Hopkins University in real time show that as of 12:53 a.m. Eastern time 23, 35211 confirmed cases of new crown pneumonia in the United States and 471 deaths. According to US media reports, with the issuance of the "city closure order" one after another, nearly 1/3 Americans have been ordered to stay at home to slow down the spread of the epidemic.

Europe and the United States are important markets for Chinese textiles and clothing. Under the influence of the epidemic, many countries have taken urgent measures to seal the city, seal the state, store closed, factories shut down, and some economic and trade activities have stagnated, which has a certain impact on the export of textile and clothing.

A number of luxury companies chose to temporarily suspend production when the epidemic of new crown pneumonia in Europe and the United States spread. Following Hermes and Kai Yun group's brand Gucci, Chanel also decided to suspend production in the short term and will close its factories in France, Switzerland and Italy in the next two weeks. Prior to this, Chanel also cancelled the original early spring holiday fashion show which was scheduled to be held in Capri in May. Affected by the epidemic, Gucci, Versace, Max Mara and Hermes and other brands have also cancelled 2021 early spring holiday shows.

The trend of long-term development of foreign trade has not changed.

The biggest hit overseas is the domestic textile industry. The global crude oil market has fluctuated sharply in recent years, and the global economic situation is not optimistic. The demand for textile fabrics is limited, and the entire textile and garment market generally lacks confidence in the latter market.

At the beginning of the resumption of work, the entire textile market showed a gratifying peak season because of the backlog of orders released before the year. However, as the follow up orders obviously follow up efforts, and the orders are reduced and cancelled, the market durability has begun to be greatly reduced. Nowadays, the textile factories specializing in export have received a large number of overseas cancellation orders every day, and the market uncertainty has increased.

According to a garment foreign trade enterprise salesperson, they buy Fabrics from home and export them to Vietnam's garment processing factories, and finally export their garments to the European market. That is to say, their terminal customers are actually garment enterprises from Europe and the United States, and many of their major customers are Italy's clothing brands. But with the European epidemic continuing to ferment, many of their orders have been canceled, especially in the Italy area, which has been locked in a locked state. And some fashion shows and fashion shows have to be postponed, and clothing brands that are guided by fashion trends will slow down or reduce orders.

The reduction of orders will not affect the long-term development of foreign trade.

For the problems faced by textile foreign trade enterprises, the government is extremely concerned.

In March 19th, the Ministry of Commerce held an online press conference. The new crown pneumonia epidemic is spreading around the world. More than 160 countries and regions have confirmed cases. Some countries have been hit by production, consumption and other fields. Trade activities have been reduced, and the downward pressure on the global economy has increased. And so on.

However, in a notice issued by the General Administration of customs, we also pointed out that China's foreign trade development is very resilient, and its adaptability and market development capability are also very strong. With the positive results of the epidemic prevention and control and the gradual implementation of policies and measures, the pace of resumption of production and production of foreign trade enterprises has accelerated and market confidence has been steadily restored. The impact of the epidemic on imports and exports is temporary and phased, and the trend of long-term development of foreign trade has not changed.

Source: Economic Daily cloth factory chemical fiber headline Global Textile Network