Recently, the market has been rumored that the epidemic in India is out of control, and overseas orders may return to the country. We textile people seem to have seen some familiar scenes.
In September and October last year, the epidemic broke out in Southeast Asia, South Asia and other countries. Factories were unable to maintain normal production and delivery was delayed. A large number of textile orders returned to China, especially orders from India. .
A familiar scene has reappeared this year, and the current outbreak in India has far exceeded that of September last year. So will the market return to last year’s order resurgence scenario again?
Amidst this situation, the textile industry, which is subject to fierce competition in domestic demand and whose external demand continues to be suppressed by the Xinjiang ban, is particularly enthusiastic about the return of orders from India, the hardest-hit area by the epidemic.
The demand side is hyping up the return of orders from India
The turning point is still unclear
Some organizations believe that India is the world’s largest textile country, with yarn and mid- to low-end home textiles occupying an important position in the world. Affected by the ongoing out-of-control epidemic, the Indian textile industry will inevitably stop production.
According to market news, due to the inability to guarantee normal delivery due to the impact of the epidemic in India, domestic companies have received some overseas return orders. Affected by this, domestic cotton yarn and short-term futures prices have risen significantly recently, and some supplies are in short supply. The industry believes that based on the return of overseas orders last year, the demand for home textile-related products and downstream yarns is expected to increase significantly. Domestic textile orders are expected to rebound further from May to June. However, although the current epidemic situation in India is more severe than last year, it has avoided the peak season in March in the first half of the year. At the same time, global textile production has not experienced widespread stagnation in the past half year, and there is no excessive backlog of orders. Instead, there is a slight excess demand. , and taking into account the great uncertainty in the national epidemic and social issues, it still needs to be observed how much support the production and sales situation of textile and garment enterprises can receive this round.
The return of orders from India will naturally help the domestic textile industry flourish. On the other hand, looking at the current market, gold, silver, and silver have all ended in haste. However, May is about to enter the off-season, and textiles in most coastal areas The factory has not received new orders, but re-orders have gradually weakened. There is a lack of positive factors at the macro level. The epidemic abroad continues to ferment, and terminal orders are more cautious. There are also certain difficulties in the implementation of foreign trade orders. Negative factors such as high shipping costs and the still severe overseas epidemic situation Still exist. The recent phenomenon of order regrets has been relatively serious. The volume of orders currently implemented is difficult to meet expectations. Resistance to mass production still exists. There is no turning point in the market. The textile situation is still not blindly optimistic!
Urgent! The epidemic broke out suddenly in Thailand, and Bangkok was also closed
The outbreak of epidemics in the surrounding areas may disrupt the pace of demand return
The epidemic is like after the rain The spring bamboo shoots came out one after another! Plant time bombs for the next market!
In the past two days, the epidemic in India has continued to develop. According to a report by the Times of India on April 26, confirmed cases of COVID-19 in India continue to increase. Indian experts predict based on epidemic models that the COVID-19 epidemic in India will reach its peak in May, and the average daily increase in cases in the next 10 days will reach 440,000. Professor Zhang Wenhong said that a bigger outbreak is yet to come.
Just as the epidemic spread in India, the third country in Asia to hit the screen came, and that was Thailand. On April 24, local time, the number of newly diagnosed cases in Thailand was close to 3,000, setting a new high for 10 consecutive days. On April 26, local time, the Thailand COVID-19 Management Center revealed that the country had 2,048 new confirmed cases of COVID-19 in a single day, including 2,038 local cases and 10 imported cases, bringing the total number of confirmed cases to 57,508; there were 8 new deaths. , a total of 148 deaths.
In response to the epidemic, the Bangkok City Government in Thailand announced that 31 types of places and activities in the city will be closed starting from April 26, and people are required to wear masks when going out. Government spokesperson Phong Sakorn said that the Bangkok Infectious Diseases Committee meeting was chaired by Mayor General Asayun Police that day and the above resolution was made, requiring citizens to cooperate to prevent the continued expansion of the epidemic in Bangkok. Ponsakorn said that Bangkok had previously closed high-risk places in the city, but due to the continued spread of the epidemic, the Infectious Diseases Committee issued stricter epidemic prevention regulations. The epidemic prevention ban will take effect from April 26 and last for 14 days. Thailand’s National Stability and Security Council revealed to the media that the Thai government is currently discussing whether to impose a “city closure” on Bangkok, the capital of Thailand, to curb the further spread of the COVID-19 epidemic. This measure may be discussed and decided at the Thailand New Crown Epidemic Management Center meeting on the 28th.
On April 25, local time, Thai medical workers launched a signature campaign on the website to demand the resignation of Thailand’s Deputy Prime Minister and Minister of Health Anutin. The reason is that since the outbreak of the new crown epidemic in Thailand, especially since the third round of the epidemic at the end of March this year, Anutin has not taken sufficient response measures, resulting in a surge in confirmed cases, and Anutin should bear leadership responsibility for this. Anutin predicts that the epidemic will return to normal within 3 months.
According to the Associated Press, US Vice President Harris rarely told the United Nations that it is time to prepare for the next COVID-19 epidemic. The epidemics in India and Thailand have made Southeast Asian countries nervous. It seems that a “war against the epidemic” is about to begin around China, and the anti-epidemic and epidemic prevention situation has becomeGet serious. This also means that the prospects for economic recovery are not optimistic.
There have been reports of shutdowns in the ports and logistics industries
Update before orders return You should be wary of ruining orders
At the same time, the epidemic is raging in India, which will undoubtedly have a serious impact on foreign trade and freight forwarders engaged in peripheral trade – there have been reports of shutdowns in the ports and logistics industry news!
Kandla Port, the closest container port to New Delhi, announced: Due to COVID-19 cases There has been a sudden surge. In order to prevent the chain of virus infection, all terminal operators at Kandla Port have unilaterally decided to close terminal operations on weekends starting from April 24 until further notice!
This is the first port to announce the partial closure of terminal operations. In view of the nearly out-of-control epidemic, other Indian ports are likely to be forced to shut down by the epidemic one after another.
In China, logistics companies have issued notices to suspend the collection and transportation of goods, and freight forwarding companies have issued strong warnings to foreign trade customers!
Severe impact of business closures and blockades Problems such as the ability of Indian companies to survive, the sharp drop in the exchange rate of the rupee against the U.S. dollar, transportation obstructions, and abandoned goods are emerging… I would like to remind you that there are foreign trade companies exporting to India or other countries where the epidemic has occurred recently, or freight forwarding companies that collect goods from the local market. Always pay attention to the safety of goods and freight! </p
