August Market Ahead Of Schedule, Textile Industry "Gold Nine Silver 10" Is Expected?

It is understood that the recent orders, whether domestic trade or export, are mainly autumn and winter fabrics. As we all know, 90 is the traditional peak season of the textile market, while June and August are the traditional off-season.

This year's situation is that, just into August, orders on the market began to move. In the face of this situation, in addition to the above thought that the market has been reversed, some textile people have another view.

This part of the textile people think that the temporary recovery is equal to overdraft the future market. Because now, the prices of raw materials, grey cloth and dyeing fees are all at the low level in the same period of history. As long as the follow-up market is slightly improved, the price rise is almost certain. Therefore, there are a large number of textile people choose to advance the preparation time, hit a "time difference", in order to reduce production costs.

However, the biggest factor affecting the market improvement and grey cloth price rise is inventory. In this wave of market, we hardly see the largest use of Chunya spinning, polyester taff, imitation silk figure, is there no demand? No, it's just that the stock on the market in the early stage is too large.

If the stock is large, the price is difficult to rise. You can buy spot goods at any time in the market, so you don't need to go to the weaving enterprises to place orders.

After understanding, we also found that, Although some products really set off a temporary upsurge, but most of the weaving enterprises production and marketing is still uneven, under the pressure of high inventory, it is not uncommon to reduce the start-up and even stop production.

Changes in production and sales inventory of polyester factories in the past two weeks can also support these changes. While polyester filament continued to rise, production and sales did not show a very obvious improvement.

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Affected by this, polyester factory polyester filament inventory is still in slow growth. According to the statistical data of China silk capital network, the overall inventory of polyester market is now concentrated in 33-39 days; in terms of specific products, POY inventory is up to 11-17 days, FDY inventory is around 22-31 days, and DTY inventory is about 30-39 days.

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In addition, during the period of the epidemic situation, a large number of fabric weaving enterprises will reduce their stock demand in the future.

Therefore, we can conclude that the short-term improvement of the market is actually a partial overdraft of the future market, However, due to the epidemic situation, we have become cautious, so the amount of advance preparation is not large, so there are still large variables in the future market.

Recovery speed of foreign trade market

From April to July, the export of textiles and clothing has achieved growth for four consecutive months. With the gradual alleviation of the global epidemic situation, the demand for epidemic prevention materials decreased, and the growth rate of textile export in July slowed down compared with the previous period. The purchase demand for clothing in the main markets rebounded, and the clothing export tended to improve, with a significantly narrower decline compared with the previous period.

Specifically, the recovery of the Middle East and ASEAN countries is more obvious, while the performance of Japan and South Korea has been good, while the order picking up speed of European and American countries due to epidemic control is relatively slow. The future market will develop in which direction, mainly depends on the recovery speed of foreign trade market.

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Can global epidemic situation be controlled

As of 15:00, August 13, Beijing time, the cumulative number of confirmed cases of new coronal pneumonia in the world has exceeded 20.72 million, and the number of newly diagnosed cases on the previous day exceeded 260 000.
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Under such circumstances, it is an uncertain question whether to stop production or return to work abroad. Moreover, whether it is to stop production or return to work, economic growth will inevitably be affected and residents' income will decline. When the income of residents is declining, it is a reasonable choice to buy less clothes and reduce expenses.

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Vaccine may be able to "fix the tone"

Judging from the current performance of various countries, it seems unrealistic to expect to rely on foreign countries to control the epidemic and eventually return the economy to normal track. But the good news is that there's good news about vaccine development. Russian President Vladimir Putin announced on the 11th local time that the world's first new crown vaccine has been registered.

The progress of vaccine development in China, the United States, the United Kingdom and other countries is not slow. If a truly effective vaccine can be developed successfully, market confidence will quickly recover, and now it is not far away from this goal.