Textile Order Backflow Expected To Rise Due To Uncontrolled Epidemic Situation In India

Since April, the number of new crown confirmed cases in India has reached a record high. In the past 24 hours, 349691 new cases of pneumonia were confirmed in India, setting a new record for four consecutive days, with a total of 16960172 cases confirmed, according to the Indian Health Ministry. There were 2767 new deaths, with a total of 192311. Indian scientists predict that the devastating second wave of the epidemic has not yet reached its peak, and studies have shown that the number of new confirmed cases could soar to 500000 a day by the first week of May. India's capital New Delhi chief minister kejerival announced on the 25th that the "city closure" measures being implemented in New Delhi will be extended for a week to 5:00 a.m. on May 3.

According to the industry, India is the largest textile country in the world, among which yarn and low-end home textiles occupy an important position in the world. Affected by the epidemic situation out of control, the shutdown of Indian textile industry will be inevitable. According to market news, recently due to the impact of the epidemic in India can not guarantee normal delivery, domestic enterprises have received some overseas return orders. Affected by this, domestic cotton yarn and short-term futures prices have risen significantly, and some goods are in short supply. The industry believes that according to the return of overseas orders last year, the demand for home textile related products and downstream yarns is expected to increase significantly. It is expected that domestic textile orders will rise further from May to June, and companies in related fields in China will be concerned.

Vosges (002083) Co., Ltd. is the global leader in the home textile industry, the company's orders are full, which has been arranged to June.

Huamao (000850) company's main products include cotton, yarn and other products.