The Surge Of Textile Raw Materials Triggered A "Rush For Cloth", With A Maximum Increase Of 254%!

Since September, due to the out of control epidemic situation in India, many large export-oriented textile enterprises in India have been unable to guarantee normal delivery. In order to ensure that the supply of goods in the Thanksgiving and Christmas seasons will not be affected, European and American retailers have transferred many orders originally produced in India to China for production, and the turnover of factories has soared by five times.

With the overall recovery of the textile and clothing industry, raw materials, cotton yarn, grey cloth, fabrics, etc., China's textile and clothing exports are facing a severe test. The textile and clothing export orders received in August and September may not be implemented due to the substantial increase in production costs; On the other hand, some foreign trade companies have received orders to export to Europe, America, ASEAN and other countries, but they can't find suppliers or manufacturers to process on behalf of them. At present, there is a situation that "although there are many orders, there are few to follow".

In addition, under the expectation of RMB appreciation, the imported yarn is also in the "closed plate" state without quotation. In order to ensure the production and delivery, a "cloth rush" has also opened the curtain in the textile industry.

According to the survey of more than 90 designated textile enterprises by China's cotton early warning system, raw material inventory and textile output of textile enterprises increased month on month in October, while yarn and cloth inventory decreased.

Cotton yarn prices rose sharply in October. The average price of domestic 32 pure cotton yarn in October was 21668 yuan / ton, which was 3156 yuan / ton higher than last month, 556 yuan / ton higher than the same period last year, or 2.63%; the average monthly price of imported 32 pure cotton yarn was 21601 yuan / ton, 3006 yuan / ton higher than last month, 409 yuan / ton higher than the same period of last year, or 1.93%.

Cotton has entered the rising range since May. According to the statistics of the business agency, from April to September 2020, the domestic lint price as a whole maintained an upward trend, with a cumulative increase of 1811 yuan / ton, or 16.31%. However, after entering October, the increase of cotton price accelerated sharply. As of October 19, the average price of domestic lint spot market was 14948 yuan / ton, which was 2020 yuan / ton higher than that on October 1, or 14.62%, and 17.03% higher than that of last year.

In addition, due to market rumors that affected by La Nina phenomenon, this year will be the once-in-60-year cold winter, down enterprises have hoarded goods, resulting in insufficient supply. The prices of duck feather and down will reach two peaks in May and October 2020 respectively. At the beginning of May, the price of white duck down with 90% down content rose to 180000 yuan per ton, which began to rise all the way from August. In late October, it reached 290000 yuan per ton, up 61% compared with the price in May. Recently, the price hovered around 280000 yuan. However, the price of duck feather has soared to 250000 yuan / ton in more than a month since the middle of May, hovering between 200000 yuan and 270000 yuan / ton from July to September, and once rose to 400000 yuan / ton in October.

According to price monitoring, since the middle of August this year, the domestic market of spandex has been rising. As of November 16, the average ex factory price of 40d was 40800 yuan / ton, with an increase of 32.04% in the past three months and a year-on-year increase of 28.87%.

Current mainstream price statistics of spandex market (unit: yuan / ton)

Spandex manufacturers have also issued price increase notices for many times. On the one hand, it is mainly from the upstream cost push up. On the other hand, the downstream terminal customers' orders are well followed up. The manufacturers' overstocked inventory in the early stage is gradually cleared, and the inventory level has dropped to the historical low level, and even some batch numbers are tense. The prices of various specifications have increased by 1000-2000 yuan / ton from the beginning to 2000-3000 yuan / ton in the later stage 。 At present, the 40d price of the factory ranges from 35000 to 43000 yuan / ton. The market is still strong and high, and the industry is operating at a high level near 90%, and the supply of goods is still slightly tight.

Although the export performance of the textile industry is excellent, for some return orders, the textile and clothing industry generally judges that it is "emergency order". These orders are difficult to stay in China for a long time because they are not dominant in labor costs. ?