The market downturn in the textile industry shows a parabolic trend

Since the beginning of this year, textile companies have faced many unfavorable factors.

Some business people have reported that the lack of orders has caused a fatal blow to the company and is even on the brink of stoppage. The raw material market is also not optimistic. According to monitoring data, from the beginning of the year to the present, the entire market for textile raw materials has shown a parabolic trend.

The textile market is sluggish The raw material market is showing a parabolic trend The textile raw material market is sluggish With the gradual increase in the operating rate of the company at the beginning of the year, the inventory of terminal raw materials has begun to decrease, and the overall price of textile raw materials has risen. However, in mid-February, as exports cooled, new products went on the market, the market economy further tightened, and the market fell into desperation again and began to weaken.

From the point of view of the entire textile raw material market recently, the cotton market has been affected by unfavorable factors. As a result, the impact of cotton spreads at home and abroad has further widened, which has led to the desertion of enterprises’ national cotton procurement. In addition, due to the impact of the cotton market's consecutive price declines, there is no There is little point of view that this year's national cotton purchasing and storage quotation policy has basically failed. The downstream cotton yarn market has also been languishing, and the company’s production shutdown has increased. Business club cotton analyst Li Liheng predicts that the cotton market will continue to slump in the short term.

In terms of chemical fiber, taking the polyester industrial chain as an example, the current market price of polyester is still falling, preferential measures are more common, the market turnover is at a moderately low level, and the production and sales ratio of enterprises continues to decline, keeping at a level of 5 to 60%, and the inventory continues to rise. trend. On the one hand, crude oil market prices have fallen, and PTA prices have fallen by nearly 5% this month. On the other hand, downstream weaving companies have reduced their replenishment volume and have insufficient orders. Near the end of the month, the textile market is about to enter the off-season. From the current industry chain, it is showing an unfavorable development trend and is expected to show a weak trend in the short term.

The lack of orders plagued the corporate raw materials market downturn, textile market outlook is worrying. At present, the biggest impact of the domestic textile industry is "orders."

Some yarn manufacturers stated that “at present, there is a lack of orders and the company is in a semi-suspended state. According to this situation, I am afraid that the company will change course.” The person reluctantly stated that since April and May, the company was basically in a state of semi-cessation. , And some of the surrounding textile and garment companies are also the same.

There are two reasons why orders cannot be received. First, at present, due to rising domestic labor costs, a large number of foreign companies and orders have been transferred to new types of cheap markets such as Southeast Asia, resulting in a shortage of domestic orders. The other reason is mainly because of the company’s own innovations. No, in recent years, Chinese manufactured products have been plagued by quality problems. Therefore, it is imperative to increase the level of manufacturing itself.