Orders were canceled very frequently due to the epidemic last year. There is an endless stream of orders to start work after this year. Some textile bosses said that they can ship three to five cars every day. However, such days did not last long. Orders began to decrease in March, and the market slowly turned slow. This was not the worst part. Some textile bosses even had their orders canceled…
The order of 500,000 meters was cancelled, and H&M has to be blamed for this!
“We have a customer who placed an order for 500,000 meters of CEY acetate satin some time ago. A trial order of 20,000 meters was just completed two days ago. , told us yesterday that this order has been canceled and will not be fulfilled.” said a textile boss in Shengze area.
There are still relatively few cancellations of orders this year. It is understood that the The order is from H&M. Due to the recent Xinjiang cotton incident, anyone who has anything to do with H&M will be “shot.” “Originally, the customer said that such orders would be placed continuously, but now it seems that they will not be placed again.” The order is placed, but we are not allowed to place an order for H&M, so we don’t care so much about whether to cancel or not,” said the textile boss.
H&M’s suicide incident has had a great impact on the Chinese market. Of course, it will also lose a strong sales market. In addition, many weaving manufacturers in Jiangsu and Zhejiang will also lose a lot of orders by cooperating with H&M all year round. However, in view of these provocations that are not good for the country, it is expected that the orders will be canceled.
Under such circumstances, the cancellation of the order is not a big loss, but the raw materials have been prepared, which makes the textile boss very helpless.
The raw materials have been prepared for a long time, now they can only be used as inventory!
“Our customer has asked us to buy raw materials early, but now the order has been cancelled, and this fabric is not hot recently. To sell fabrics, these raw materials can only be regarded as inventory.” said the textile boss.
The raw materials used in this fabric are CEY and 75D imitation acetic acid. Now The price of CEY raw materials is 13,000 yuan/ton, and the price of imitation acetic acid raw materials is around 9,000 yuan/ton. The textile boss said that in order to produce this order, the raw materials alone cost nearly 2 million yuan, but now they can only be kept as inventory. .
CEY acetate satin is a relatively high-end fabric. Its raw material cost price is 4.5 yuan/meter, and the price of gray fabric is about 8 yuan/meter. After dyeing The price is estimated at 15 yuan/meter.
The key point is that this fabric is not a popular product in the market these days. Although there are people making it in the market, there are not many people making it. The raw materials prepared by the manufacturers exceed the order quantity, and the inventory of nearly 2 million raw materials gives textile bosses a headache.
But fortunately, the customer canceled the order in time and did not start production. Otherwise, if an order like this is completed, no one will think of it as a loss of inventory. In addition, the prices of these two raw materials have not fluctuated much recently and are relatively stable. If this fabric is not produced, it can also be used in other fabrics. It will not cause big losses in the short term. These two points are convenient for textile bosses. It’s a blessing in misfortune.
There is still one ending left.
Although the domestic epidemic has been brought under control and domestic trade has basically returned to normal, the rise and fall of the textile market has a great relationship with the foreign trade market.
The epidemic began to rage abroad in March and April last year. Many textile bosses were canceled their orders without being mentally prepared. Now with the recurrence of the epidemic in Europe, Impermanence, order cancellations will become commonplace.
So fellow cloth bosses, you should still be careful when accepting orders at this time. Even if you accept the order, you should buy raw materials as needed, and don’t give yourself causing unnecessary losses.
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