According to feedback from several cotton spinning mills in Henan, Shandong and other places, in the past week or so, the inquiries and shipments of imported US cotton/Brazilian cotton/Indian cotton spinning 21-40S high-quality packaged bleached yarn have slowed down compared with June/July, mainly due to traceability orders Profits are low or even losing money. Weaving/printing and dyeing enterprises in Jiangsu, Zhejiang, Shanghai and South China/Sichuan are affected by multiple factors such as power and production restrictions and the depreciation of the RMB exchange rate. The sales of imported cotton yarn from Vietnam, India, Pakistan and other places are also affected by the scarcity of new terminal export orders. , the restriction caused by the high proportion of “short orders and small orders”.
Due to the continued abnormal high temperature across the country and the surge in electricity demand, Sichuan, Chongqing, Zhejiang, Jiangsu, Hubei, Anhui and other places have launched power restriction policies. Many industrial enterprises have received notices of power outages and peak-shifting power consumption (more than 3,300 in Ningbo, Zhejiang) The company has adjusted production operation hours).
A medium-sized weaving company in Shaoxing, Zhejiang said that due to the impact of power restrictions and production restrictions, the company could only adjust workshop production to one shift in the evening, resulting in some traceable orders facing the risk of insufficient production capacity and inability to deliver on time. Although it is in line with the United States, the European Union, etc. The customer repeatedly negotiated and tried to extend the contract for 5-7 days, but the effect was not ideal. In order to reduce the risk of claims and reputation damage, the company has dispatched some export orders to foundries in Henan, Shandong and other places. Not only is it required to use 100% US cotton and Brazilian cotton as cotton spinning yarn, but the delivery time is only about one and a half months. , if delivery and shipment cannot be made as scheduled, claims will be made to the OEM.
A foreign trade company in Suzhou believes that for textile and clothing exports, large-scale power and production restrictions will not only extend the delivery time of manufacturers, but also affect the stocking cycle and increase inventory pressure. Since it is impossible to determine whether the power restriction measures will be upgraded and when they will end, foreign trade companies and textile and garment enterprises have been very cautious in accepting traceability orders since August. The inventory of cotton yarn and other raw materials has also been pushed to a low level, which directly affects domestically imported cotton spinning and imported yarn. Sales, downstream and terminal replenishment are “walking on thin ice”, transactions continue to be in a state of “little market value”, and market confidence is weak.
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