News

2022

The epidemic coincided with the "Golden March and Silver April," and the new epidemic prevention regulations at the Sijiqing fabric market were introduced

Raw materials surged, but downstream demand has remained weak.

On the occasion of the "Golden March and Silver April" opening, some textile trade centers in Dongguan, Hangzhou, and Zhili were closed again due to the epidemic. Dongguan Dalang Wool Trading Center was closed, Hangzhou Sijiqing Clothing Street was closed, and Zhili Children's Clothing Market was closed. Coupled with the multi-point outbreak of the domestic epidemic, many textile trade centers were temporarily closed, leading to a continuous contraction of domestic textile market demand and a delay in the recovery period.

The price of raw materials "falls in the dark," and downstream replenishment is repeatedly postponed.

The price of textile raw materials continued to rise, but the downstream "buy-up" mentality did not appear. Market sentiment became increasingly tense, downstream replenishment enthusiasm was sluggish, spot sales in the textile market remained slow, and inventory levels were high. Currently, the gray fabric inventory in Jiangsu and Zhejiang is about 33.2 days.

According to feedback from some weaving enterprises and traders in Jiangsu, Zhejiang, Guangdong, and other places, the market prices of cotton fabrics and cotton grey fabrics have slightly declined since early March, and the replenishment of cotton yarns has also been adjusted to purchase only as needed, minimizing raw materials and finished products occupying working capital. The pressure of terminal consumption will be transferred to cotton yarn and cotton. However, in Henan, Shandong, and other small and medium-sized cotton spinning mills, inquiries and deliveries of cotton yarns are not smooth, and the phenomenon of stock accumulation is becoming increasingly obvious, increasing bargaining space and other operations.