Do you know what will be the worst textile business in the second half of this year? Tunni silk spinning! So, what is the best textile business in the second half of this year? It’s still silk spinning!
I still remember that in the middle of this year, there were various news about price increases, closures, and sell-outs in the circle of friends. One price per day, or even one price per half day. The market conditions were hot, triggering a buying frenzy in the market. However, demand did not recover as strongly as most people expected. Weak exports and domestic demand frustrated the hopes of all midstream and downstream companies, and the textile market took the lead.“ Due to the storm of low-price competition”, some traders who were stocking up and speculating on commodities were unfortunate enough to buy at the bottom of the mountain.
Nisi Fang is bargain hunting on the mountainside
This kind of operation of hoarding goods at low prices to make money or buying bargains halfway up the mountain is more common in Nisifang. Entering the second half of the year, the price of nylon fabrics in Jiangsu and Zhejiang once dropped from 2.5 Yuan rose to nearly 6 yuan per meter, a cumulative increase of more than 150% from the beginning of the year! With such crazy performance, Nisifang instantly became a hot spot in the industry. But just one month later, it quickly collapsed to its original price, and has been in decline ever since.
If you purchase before the price increases, if you stock up a larger quantity, of course the money will be very considerable. But more often than not, the bottom is bought halfway up the mountain, so this loss is also quite hurtful. It is reported that in the middle of November 11a cloth boss was selling 380T nylon finished fabrics, and specifically stated that the cost was 5.5yuan/m, at that time3.3yuan/ rice selling. This level of loss is really too difficult.
What awaits after speculation is reckoning
Of course, the sharp rise and fall of Nisifang is just a microcosm, but past history has proven that emotional speculation is just a short-lived glory. I remember a friend in the past1000Wan did futures trading, and after doubling the value, he changed cars and houses. Enthusiasm greatly increased and the code entered the market. In the end, he lost 6,000 million and even sold his own textile factory.
At present, when the stock market and real estate market are not making money, speculative traders in some industries invest a lot of hot money into niche products that can control production capacity in the market. Their hoarding of goods led to an imbalance between supply and demand, which triggered people’s expectations for future prices. So more middlemen and downstream companies began to stock up. The stocking up directly drove the production of various manufacturing companies, so there was not much demand. The idle game of hoarding goods to boost production has begun! What awaits in the end is the reckoning soon!
This is like nylon silk. People bought nylon silk at that time not for the production of clothing, but for investment or speculation. Once the raw materials are not used for production, the demand is falsely amplified, and the risk is getting closer and closer to us. Because the things that are being stocked are all for future selling, when the real demand is not that big, will those products that are tainted with financial attributes have a good end?
The same price fluctuations that go up and down also make more textile people who are actually producing extremely worried. Whether you are buying or hoarding, you need to listen to all directions and watch six directions just like stock trading, and always pay attention to the “trouble” of all parties. .
What the editor also wants to say is that more people do well by doing it step by step, not just by speculation. If there is no truth-seeking and pragmatic struggle, no down-to-earth efforts, and no diligent study, no matter how many people help and meet…”Good opportunities, but ultimately turned into a complete failure.”
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