1. The suspension of tens of thousands of looms in Nantong is another heavy blow to the chemical fiber market (Hot: ★★★★★★★★)
Recently, the Jiangsu Provincial Energy Conservation Supervision Center divided into three groups to conduct supervision and inspections in Nantong, Huaian, Yancheng, Yangzhou, Zhenjiang, Taizhou, Suqian and other energy consumption intensity level one early warning areas. Among them, a large number of weaving enterprises in Rudong County, Nantong, have been inspected since September 10 It started to shut down and restarted on October 1. Only some tax payers and large-scale enterprises maintained some production.
In addition, the scope of supervision and inspection continues to expand in Jiangsu. I heard that the Jiangyin area of Wuxi has also received a similar notice to limit production, and Jiangsu Province is a famous textile province in my country, involving The impact of chemical fiber manufacturing, cotton spinning, wool spinning, yarn-dyed fabrics, non-woven, clothing, home textiles and other industries on the entire national textile industry will continue to spread, or will have a negative impact on the entire chemical fiber market.
2. With the endless epidemic abroad, the risk of textile foreign trade orders still exists (Hot: ★★★★★★★ )
The latest data from the U.S. Centers for Disease Control and Prevention shows that new coronavirus variants have been detected in 49 states in the United States—— The Mu strain is spreading much faster than infectious disease experts expected. According to a statement from the local public health department, the Mu variant strain is more contagious and has the potential to evade the protection of certain antibodies.
Countries have continued to impose city closures and curfews, and normal industrial production and shopping consumption have also been hit. This has also led to a lack of confidence among terminal textile and garment enterprises, and the frequency of new orders and inquiries has been slow. Due to the epidemic, foreign trade shipping costs are easy to rise but hard to fall, and export problems have become more difficult. Downstream gray fabric factories are really suffering, so reducing their operating hours and operating in a low-key manner has become the norm.
Originally, the traditional textile peak season in September is not busy, but this news is a “brain blow” for textile workers. With the arrival of the peak market season in September and October, the uncertainty in the foreign trade market has made the market even more confusing.
3. Sudden heavy rain hit many chemical fiber factories in Shaoxing and suffered heavy losses (Hot: ★★★★★★)
On the afternoon of the 10th, Keqiao, Shangyu, Zhuji and other places successively issued yellow thunder and lightning warnings and yellow rainstorm warnings. In the evening, Super heavy rains and hailstones as big as marbles followed, and the scene looked super scary!
According to industry insiders, many chemical fiber factories in Zhuji have been hit by heavy rains, causing heavy losses inside the factories. We originally hoped that this peak season in Jinjiu could recover the losses during the off-season. Unexpectedly, this heavy rain made it even more difficult for textile bosses.
4. Clothing companies are entering an inventory cycle: the inventory of 8 listed clothing companies exceeds 1 billion yuan (hot: ★★★★★)
According to Wind data, among the 43 textile and apparel stocks, as of the first half of this year, 39 stocks have an inventory amount of over 100 million Yuan, Meibang Apparel, Anzheng Fashion, Souyute, Peacebird, Semir Apparel, Jihua Group, Heilan Home, and Youngor have eight stocks with more than 1 billion yuan in inventory, among which Youngor ranks first in terms of inventory amount.
For clothing companies, inventory has always been one of their main pain points. Product backlog not only occupies the company’s operating funds, but also increases the company’s management costs and profit costs, lengthens the product turnover cycle, thereby reducing the company’s overall profits. For huge inventories, closing poorly operating stores and offering discounts and promotions have become the traditional methods for most clothing companies to destock.
5. Polyester faucets organize group promotions and shout out: production and sales become “monkeys in the sky”! (Popularity: ★★★★)
The long-awaited big promotion is coming as scheduled, polyester filament manufacturers 9 Concentrate on profit distribution and shipment again!
Since August, promotions by polyester filament manufacturers have become the norm. The effect is acceptable but the sustainability is not as good as expected. After the previous few concentrated promotions, the polyester filament market is currently at a stable level. Prices are in a state of no market, sporadic low-priced goods have good transactions, and most companies’ inventories continue to increase. Overall, polyester filament yarns have been promoted frequently in the third quarter. Although it has entered the traditional peak demand season of “September”, the market demand for polyester filament yarns has not been seen. Significant improvement.
6. China will release oil reserves to the domestic market for the first time in history (Hot: ★★★)
On September 9 this year, the my country Food Administration announced that it would release oil reserves to the domestic market through auctions, aiming to It is also important to alleviate the raw material price pressure on my country’s chemical industry and oil refining companies.For the first time, the United States “took action” to regulate oil prices.
Currently, oil supply is tight, and the United States has encountered a “sudden disaster”. Hurricane “Ida” hit the country’s offshore oil fields hard. As of September 8 this year, the country still has 77% of oil production capacity has been shut down, causing strong fluctuations in international oil prices.
In this context, my country’s release of crude oil reserves to the market can be described as “timely rain”. It can not only alleviate the urgent needs of Chinese oil buyers, but also allow them to obtain more from domestic supplies. If you absorb it, it can also “dampen” the “spirit” of rising oil prices.
7. Exports are good! The growth rate of clothing exports continued to expand in August (Popularity: ★★)
Data released by the General Administration of Customs on September 7 shows that, According to US dollar statistics, affected by the decline in textile exports, textile and apparel exports fell for the fourth consecutive month in August, but the decline was smaller than the previous month; due to the return of overseas orders, apparel exports maintained a good growth momentum, and the export growth rate continued to expand in the month. The cumulative export trend of textile and clothing is stable, achieving growth compared with the same period in 2020 and 2019.
Textile and clothing exports in RMB:
Textile exports 80.97 billion yuan, a decrease of 21.56%, a month-on-month increase of 7.87%, and an increase of 17.45% over the same period in 2019. Clothing exports were 113.79 billion yuan, an increase of 0.05%, a month-on-month increase of 7.02%, and an increase of 5.29% over the same period in 2019.
Textile and apparel exports in US dollars:
Textile exports 12.524 billion US dollars, a decrease of 14.90%, a month-on-month increase of 7.06%, and a 25.06% increase over the same period in 2019. Clothing exports were US$17.599 billion, an increase of 8.59%, a month-on-month increase of 6.18%, and a 12.10% increase over the same period in 2019.
8. Want to catch up with China? India has approved a textile industry manufacturing promotion plan totaling 106.83 billion rupees! (Popularity: ★)
Relevant Indian departments approved a textile industry manufacturing promotion plan totaling 106.83 billion rupees on the 8th. This is part of India’s Rs 2 trillion manufacturing promotion plan proposed last year. In order to promote high-end manufacturing, the Indian government proposed last year to implement a 2 trillion rupee manufacturing promotion plan in 10 manufacturing areas in the next five years, and the textile industry is one of them.
The epidemic in India continues to spread, and its production is still facing great difficulties. It remains to be seen whether its economic stimulus policies can promote the resumption of work and production. Its government may not only pay attention to For its domestic development, it should look to the outside world and improve its import and export policies. Perhaps this is the best medicine to revitalize the Indian economy.
</p
