Market Dynamics: Poor Textile Downstream Orders And Low Purchasing Enthusiasm

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Cotton orders decreased in dyeing plants. Dyeing factory orders are rare, delivery time is about 10 days, future orders to the direction of differentiation, pure cotton decreased.

The local output of the weaving factory was reduced due to the epidemic situation. Grey cloth transaction is still flat. According to the feedback of the weaving factory, the bulk orders are mainly small orders, and the return orders from old customers are rare. The unit quantity on the machine is reduced, and the shipment of conventional varieties is weak, and the production and sales are under pressure. The finished product inventory of the textile factory has reached the highest level in the same period of nearly five years. Some weaving factories have reduced production due to the epidemic. There are also some textile factories due to poor sales, but also take the initiative to reduce production. Some weaving mills said they planned to have 70 days off during the Qingming Festival. Cotton yarn purchase intention is not strong, just need small single purchase.

Cotton yarn high inventory, negative profit, load reduction. Cotton yarn market transactions did not significantly improve, some of the larger inventory pressure has the phenomenon of low-cost goods, according to the varieties, including long staple cotton products are relatively good. The high count yarn made of fine wool cotton is light. The conventional products are acceptable, and the carding yarn is better than the combed yarn.

Spinning enterprises suffered serious losses, with a general loss of about 2000 yuan / ton. At present, the inventory of spinning mills and traders is on the high side, and the overall inventory continues to accumulate. The start-up rate of cotton mills has declined significantly. It is expected that the future market will continue to be weak, and the enthusiasm for cotton procurement is not high.