The annual National Day holiday is ushering in again, and textile people have also started the National Day holiday. As we all know, weavers work all year round, especially workers in weaving factories. The machines work 24 hours a day, even during holidays. But during this National Day holiday this year, many textile workers will enjoy 2-3 days of vacation.
01
Weaving factories are less motivated to produce
When it comes to holidays in weaving factories, the first thing that comes to mind is the availability of looms. At present, the operating rate of water-jet looms in Shengze is less than 70%. The overall production enthusiasm of weaving manufacturers in Jiangsu and Zhejiang is not high. The operating rate of Haining warp knitting machines is less than 70%, while the operating rate of Xiaoshao circular knitting machines is only less than 40%. The main reason for the low operating rate is that the inventory of gray fabrics is too large, and the accumulated inventory can only be alleviated by reducing the operating rate.
At present, due to the lack of domestic and foreign trade orders, the market sentiment for gray fabric transactions continues to decline, and factory gray fabric inventories are rising. According to data monitoring from Silkdu.com, the inventory of gray fabrics at weaving enterprises in Shengze has rebounded slightly to about 36.1 days.
02
Most factories are celebrating the National Day holiday
In order to reduce inventory pressure, some weaving manufacturers choose to have a holiday during the National Day. The duration of the holiday is generally 2-3 days, but there are also some manufacturers that last for 7-8 days. Of course, there are also factories that do not take holidays due to order requirements, and almost all trading companies have a holiday of at least 3 days.
Manager Tang, the head of a manufacturer that specializes in conventional fabrics, told the editor: “We have a three-day holiday during the National Day holiday, and our inventory pressure is still quite high, especially for conventional fabrics, with more than 3 million meters of inventory. Considering the inventory problem, So I plan to take three days off, and I don’t usually have holidays.”
However, Mr. Tang, the person in charge of a trading company, said: “Currently, the orders on hand are average. In previous years, there was a National Day holiday, so this year is no exception. We plan to have a 5-day holiday.”
“Our factory doesn’t have a holiday. The orders we have are all scheduled until the end of the year. Time is still tight, so the factory won’t have a holiday. We have two days for trade. Foreign customers don’t have a holiday, and we can’t take a long holiday.” An industry and trade company Mr. Wang, the owner of the company, said.
From this point of view, the timing of manufacturers’ holidays this year mainly depends on the orders on hand. Most of the manufacturers who take holidays are due to the slowdown in production pace caused by the sluggish market conditions, and they usually have single or rotating holidays; the sluggish market conditions lead to large inventories of gray fabrics, and manufacturers have difficulties in capital turnover. The holidays stop production to reduce inventory and alleviate the problem. relieved some of the pressure.
03
Peak season stalled, orders weak
The overall gray fabric market is also slightly weak in terms of goods sales. The “peak season” stalled and the order placement speed slowed down. As time goes by, the heat of the peak season gradually dissipates, and the overall market situation has begun to decline. The survey found that the number of orders has dropped compared with the beginning of September. Although there are orders, they are only small orders, and the market orders have not improved yet.
Mr. Song, an enterprise that integrates industry and trade, said: “There are no easy-to-sell varieties in the market recently; autumn and winter fabrics are also in short supply, and preparations for spring and summer have already begun.”
“There are no particularly hot-selling fabrics in the market at present. The volume of autumn and winter fabrics is average, and the order volume is also average. Overall, it is not ideal.” Mr. Tang of the trading company said helplessly.
Overall, the current foreign trade orders are better than domestic sales, but the market environment is not good, and there is still not much improvement. Domestic sales orders mainly rely on shopping festivals such as Double Eleven and Double Twelve. However, referring to this year’s 618 Shopping Festival, due to the change in the consumption structure of residents due to the epidemic, the purchasing power of clothes is no longer what it used to be, so domestic sales are relatively weak. Foreign trade has not yet reached the main battlefield, but some companies expect that Christmas orders in October or a later time will bring a hint of market momentum to the market’s foreign trade.
Mr. Wang, the owner of an enterprise integrating industry and trade, predicts that from October to the end of the year, it will be the busiest days for foreign trade, so there will definitely be more and more orders in the future.
“The market improved in early September, but now it has weakened. The market will be better in October, and then there will be another wave of market around the Christmas season.” Mr. Song, an enterprise integrating industry and trade, also said.
However, Mr. Tang, who is mainly engaged in the domestic market, said that the subsequent market improvement will be average and will not be very good. October may be worse than September. Overall, I am not particularly optimistic about the market outlook, but I still hope it will improve.
Summarize
For the market outlook, companies said that the market may not be too good and they are treated with a cautious attitude. The main reason is that they have seen the saturation of domestic sales orders and the market.The general environment is not good.
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