According to feedback from some weaving companies and foreign trade companies in Zhejiang, Guangdong and other places, since mid-July, traceability orders for cotton gray fabrics have bottomed out and rebounded. They are mainly export orders for knitted garments and home textiles to the United States/European Union. Some orders are not only in the contract Xinjiang cotton is explicitly banned, and the content of US cotton is specified. Since the price difference between domestic and foreign cotton is at a high level under the 1% tariff, the quotation of cotton yarn using imported cotton and cotton remains high. In addition, most of the current orders are short orders and small orders. , mainly for quick orders, so it is very difficult for cloth factories to receive orders.
However, in the past half month, European clothing brand orders have begun to be launched one after another. The demand for color samples and staking out in the early stage has increased significantly compared with May/June, but traceability orders are still the main ones. Cloth factories and foreign trade companies consider costs, Due to factors such as exchange rate fluctuations, there is not much room for negotiation. Therefore, it still needs to be observed whether European and American traceable orders for clothing, gray fabrics and other orders in July, August, and September can be “landed” as scheduled.
Textile companies in Yancheng, Jiangsu, Zibo, Shandong and other places said that in addition to European orders, fashion brands in North America have become increasingly active since July. However, cotton traceability requirements are more stringent (export orders almost exclusively require traceability), and it is expected that real testing may begin soon. Implementation, under the premise that the United States and the European Union have comprehensively upgraded their ban on Xinjiang cotton imports, and there are variables in the specific operations of U.S. Customs, foreign buyers are very cautious when placing orders, and domestic foreign trade companies and weaving companies receive orders, fearing that the goods may be seized by U.S. Customs Even when it was destroyed, it was claimed by foreign customers, so the hedging idea prevailed.
Judging from the survey, traceability of cotton yarn, gray cloth, fabrics, clothing, etc. has almost become an inevitable option for cotton-related companies to receive export orders. Not only foreign trade companies and European and American buyers need it, but also re-export traders in Southeast Asia, ASEAN and other countries also need processing parties, Chinese export enterprises provide it, otherwise it will be difficult to integrate into the overall cotton textile and cotton clothing export circle. It is understood that recently some brand clothing companies and buyers in Japan, South Korea, Canada and other countries have also asked Chinese suppliers to provide certificates of “non-Xinjiang cotton”.
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