Grey Cloth: Recent Or Ushered In Rising Market?

With the May Day approaching, the bullish atmosphere of the market is strong again. On the 16th, a textile factory owner said that for grey cloth, there are some rising possibilities in the near future. The main reasons are as follows:
First, there is an obvious increase in orders of enterprises. According to the introduction of some enterprises in Jiangsu and Zhejiang, some textile factories have been rushing goods and urgent delivery recently. On the one hand, as the downstream customers are about to have a holiday, they will release their orders in advance. On the other hand, production traders rush to ship goods before the customer holiday, so as to avoid that customers can't communicate with each other at the first time during the holiday. Orders increase and production congestion is a very obvious feature before holidays. In addition, according to a person in charge of a printing and dyeing enterprise, their daily warehousing volume was only 500000-600000 meters in March, while the factory's production capacity was more than 700000 meters, and the orders at that time could not meet the requirements of the dyeing factory. However, the recent warehousing volume has risen to more than 700000 meters, fully able to maintain the high load production of the factory. Some other busy printing and dyeing factories have even exaggerated the pressure card queuing for more than 15 days.
　　 The second is the soaring freight. Shipping costs from Asia to northern Europe rose 5% last week to $7852 per 40 feet, according to data. The price of Asia to the west coast of the United States also surged 4% last week to $5375 per 40 foot container, up 251% from the same period last year. Asia to the east coast of the United States also rose 2% last week to $5868 per 40 foot container, up 108% from the same period last year.
　　 Most of China's textile and clothing products are produced by sea, and the soaring sea freight prices will inevitably push up the cost of products. In such a situation, the prices of grey cloth, clothing and other products in China are rising.