The traditional peak season of “Golden September and Silver October” has come to an end. Looking back on these two months, various emergencies have emerged one after another, including increasing stagflation abroad, the European energy crisis, sea freight rates gradually falling back to before the epidemic, large retailers canceling orders… these “Negative” news is flooding in front of us, and the already poor life of textile workers seems to be “even worse”. Looking back on the past, this node should have been a period of busy preparation for “Double Eleven” and “Christmas Season”. Is the current market “slow in peak season” or “undercurrent”?
There are increases and decreases, and domestic and foreign trade situations are not the same.
According to the latest data released by the General Administration of Customs, in US dollars, under the influence of downward factors in major market demand, textile and apparel exports in September were US$28.051 billion, a decrease of 3.7%, and a month-on-month decrease of 9.4%, of which textile exports were US$12.069 billion, a decrease of 3.7%. 2.7%, a month-on-month decrease of 3.4%. Clothing exports were US$15.982 billion, a decrease of 4.4%, a month-on-month decrease of 13.6%. Although textile and clothing exports declined year-on-year and month-on-month in September, cumulative exports in the first three quarters still maintained a rapid growth rate of 9.1% year-on-year.
01
“Since the beginning of this year, orders have been mainly for foreign trade, and the total order volume has decreased slightly compared with previous years. Entering the traditional peak season, the order volume in October has increased compared with September. The total order volume in these two months is basically the same as in previous years.” Mr. Zhang, who specializes in Oxford cloth, revealed.
02
“Our orders this year involve both domestic and foreign trade, and the total order volume is slightly lower than in previous years. The order volume in the last two months is almost the same as in previous years, and the order volume in September and October has also basically remained stable.” Mainly engaged in outdoor sports. Manager Wu of Fabric said.
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“The company has orders for both foreign trade and domestic trade. This year’s order volume has dropped significantly compared with previous years, with a decline of about 30%. The order volume in October showed a downward trend compared with September, and mainly small orders.” Wu, who specializes in release paper fabrics said Mr.
04
“Our company takes care of both domestic and foreign trade. Currently, the total order volume has increased by about 20% year-on-year. The order volume in October showed a downward trend compared with September, and the order volume for the ‘Golden Nine and Silver Ten’ period has basically remained the same as in previous years.” Main business Mr. Wu of autumn and winter fabrics said.
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“This year’s orders are all for domestic trade, and the order volume is about the same as before. For the ‘Golden Nine and Silver Ten’, the order volume in October is better than that in September, and the overall volume is similar to before.” Feedback from Mr. Ma, who specializes in digital printing .
It can be seen from the above survey that polarization within the textile industry still exists, and the living environment of textile enterprises is also uneven. In the post-epidemic era, foreign trade-focused companies need to deal with significantly more uncertain factors than domestic trade companies, and will face higher risks than domestic trade companies.
in stock? Turn on? funds? Where does operational pressure come from?
In the textile industry, gray cloth inventory and loom operating rate are two extremely important market indicators.
From the monitoring data of Silkdu.com, it can be seen that in terms of loom operation rate: starting from mid-August, the operation rate of weaving enterprises in the sample has steadily increased. In September, the weaving operation rate fell into a bottleneck stage, and it was not until mid-October that it was able to break through. But unfortunately, the good times did not last long, and the operating rate began to decline slowly at the end of October. In terms of gray fabric inventory: from early September to mid-October, the inventory trend of weaving enterprises in the sample showed an increase first and then a decrease. With the arrival of the “Double Eleven” stocking period, gray fabric inventory has once again shown a rebound momentum in late October, and the overall trend is like a “roller coaster”.
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“Our company’s total inventory of gray fabrics is almost the same as last year, and the inventory has basically remained stable in the past two months. In terms of startup, the machines have been running at full capacity, and the output has gradually increased.” Manager Wu, who specializes in outdoor sports fabrics, revealed.
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“Our current inventory of gray fabrics is stable compared to September. The weaving factory has remained fully operational for the past two months, and production and sales have remained flat.” Feedback from Mr. Ni, who specializes in high-elastic fabrics.
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“Our company’s inventory of gray fabrics in October has decreased compared with September, but the overall inventory has increased year-on-year. The operating rate remains 100%, and the output is gradually increasing.” said Mr. Zhang, who mainly sells Oxford cloth.
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“Our gray fabric inventory in October has decreased compared with September, but the total inventory has increased compared with last year. The operating rate remains at 100%, and production and sales have gradually increased.” Mr. Wu, who specializes in release paper fabrics, revealed.
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“Our company’s gray fabric inventory decreased in October compared with September. The main reason is that the two waves of cold air at the beginning of the month boosted the sales of autumn and winter fabrics. As a down jacket fabric company, some of the spot inventory was consumed.” Mr. Wu, who is mainly engaged in spot fabrics said.
It can be seen from the company’s description that the overall purchasing attitude in the downstream market at this stage is cautious and wait-and-see, with “small orders, multiple batches””Times” has become a new procurement model, with inventory backlogs and payment arrears occurring from time to time. However, the production and sales of most companies are performing well, and most operating pressures come from capital circulation.
Most companies are not optimistic about the later trend of the market, and some pessimists say that “the end of the Silver Festival means that the market is also over, and they plan to take a holiday in advance.” Faced with market expectations that may be getting weaker and weaker, the companies surveyed invariably chose to start with innovative products, strive to produce high-quality products, and tear off the “low-end product” label. We plan to use new models to conquer the traditional market and explore more possibilities using new media and other methods.
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