Textile Domestic Orders Rush For Price Competition

Cotton prices and PET staple prices have both rebounded in recent years, but the overall market is not good enough. Downstream weakness has restricted the room for price growth of raw materials, and prices are expected to continue to oscillate at the bottom. At present, the European and American orders have stalled, and a small number of Korean Japanese orders have been unable to solve the plight of foreign trade enterprises. Domestic orders appear to be very popular, and price factors occupy an important position in fierce competition. Since then, there has been a frequent appearance of price wars between single companies and even no bottom line sales. Under the vicious circle, the price of cotton yarn has dropped sharply in China. The textile enterprises in Hebei, Shandong and Henan provinces also adjusted cotton yarn prices in varying degrees, and the average price of different varieties dropped by 500 yuan / ton. At present, downstream weaving mills are running on thin ice, new orders are hopeless, conventional varieties are squeezed, and capital turnover is difficult. Too many adverse factors have led to some factories to ease the crisis by limiting production and scheduling or taking direct leave.