Ji Lu Yu: Big Fluctuations In The Textile Market, The Operation Of All Sides Has Been Hit (3.25)

Affected by the global epidemic, the global textile market is relatively volatile and the development situation is becoming more and more serious. Domestic enterprises are also hit hard. At present, the domestic cotton futures price has fallen below the 10000 yuan mark, which has led to the downstream purchasing dare not act rashly, which is a serious blow to cotton merchants. At present, the price of polyester staple fiber is also declining, and continues to decline as the price of crude oil continues to decline.
At present, clothing export orders have been impacted, and new orders of downstream textile enterprises are seriously lacking. Under the condition that domestic demand and external demand are greatly affected at the same time, market confidence is insufficient, and it is difficult to change in the short term, which makes textile enterprises operating under tremendous pressure. The market of yarns and grey fabrics in Hebei, Shandong and Henan provinces has also been greatly affected by this situation. Although the start-up rate of Shandong and Henan's cotton mills is relatively high at present, they are relatively small at the moment. But in the face of the high cost of raw materials used at high prices and the lack of subsequent orders, the actual situation is also facing considerable difficulties. According to feedback from various sources, most textile enterprises are facing a shortage of subsequent orders, and inventories have increased significantly. The price of yarn has shown signs of decline as the price of raw materials has declined. The downstream market is also faced with the status quo of the cancellation of orders, leading to more delisting and market activity. Some enterprises have plans to reduce the number of production.