2020 is getting closer and closer, and the Spring Festival holiday is not far away, and the textile market is in a strong holiday mood. But before the holiday, whether the payment has been collected will determine whether you can celebrate the New Year happily.
The current market situation is gradually weakening, and the industry generally has an early holiday this year. Textile bosses have early shifted their focus to clearing accounts and stepped up the pace of collection. The circle of friends is full of news about payment collection. The speed of payment will affect the speed of delivery. As early as last week, the printing and dyeing factory issued a “take payment to pick up the goods” notice.
It can be said that “the market is also the market for success, and the market is also the market for failure!” The editor believes that the market is the influencing factor. The most critical factor in collecting payments. This year’s textile market environment is not in good shape. The improvement in payment collection in the past two years has been consumed by the weakening market, and the demand for goods with arrears has become even stronger.
Thisyear,boththegrayfabricmarketandtheprintinganddyeingmarkethaveshownpolarization.Somespecificationsofgrayfabricsareshippedsmoothly,whilesomespecificationsareslowtosell.Thesameistrueforprintinganddyeingfactories.EspeciallyT400andT800areverypopularthisyear.Someprintinganddyeingfactoriesthatcandyethisgrayfabricaredoingverywell.However,someprintinganddyeingfactoriesthatproduceconventionalvarietiesarerelativelyidle,andnotmanygrayfabricshaveenteredthewarehouse.Undersuchmarketconditions,theprofitsoftheentireindustrychainhaveshrunktoacertainextent,andthearrearshavebecomeincreasinglysevere.Arrearageof2-3monthshasbecomethenorminthegrayclothmarket
Arrearagetimethisyear
Thisyear,thearrearscycleinthegrayfabricmarkethasbasicallyremainedat2-3months,andevenhalfayearormore,andevenbaddebtshaveoccurred.Inshort,thisyear’sgrayfabricmarketisdominatedbyarrears,andafewmanufacturerssettleincash.Regularcustomersmakerunningpaymentsandtakeabatchofgoodstopayabatchofpayments.Thissituationisveryoptimistic.
Arrearagetimeinpreviousyears
In2017,duetotheshortageofsupplyandqueuesforgoods,thearrearsofgrayfabricswerecollected.Therehasbeenagreatimprovement,mostlycashloansareusedtopickupgoods,andthereareveryfewarrears.Eveniftheyarearrears,itisonlyaboutonemonth,nottoolong.In2018,withexcessdemandandthemarketgraduallyweakening,thedebtperiodforgrayfabricshasgraduallylengthenedto2-3months,andsometimesevenlonger.
Mr. Yang, a manufacturer mainly engaged in imitation silk raw weaving, said frankly: “This year’s account arrears are worse than in previous years. Recently, I dare not pay for goods because I am afraid that I will not be able to collect them. When we come back, customers used to owe one month, but now they owe two months or even more. We have been collecting payments one after another this year.”
Domestic trade market arrears extend to more than 3 months
Arrearage period this year
The arrears of trade orders are worse than those of gray fabrics, and this has always been the case. Most domestic trade orders require a deposit, and the remaining payment is in arrears. This year, the arrears of this part of the payment have also been extended from monthly settlement to more than 3 months, or even longer. In contrast, the situation of foreign trade arrears will be better than that of domestic trade, and repayments are mostly carried out according to contracts, which has not changed much compared with previous years.
Arrearage period in previous years
In 2017, the supply of gray fabrics also exceeded the demand, which also made traders harden their backs, and there was no shortage. We were even overwhelmed with orders, so we screened out customers and eliminated those with slow payment rates. As a result, the payment situation improved, and most of them were based on monthly settlements. By 2018, orders gradually decreased, and traders had to re-establish customers with poor payment, and customers who originally paid quickly also extended their arrears, so the arrears were extended to February to March.
A person in charge of a trading company revealed: “There are quite a lot of domestic trade arrears this year, and an old customer has outstanding debts from the year before. Some of the payment for goods was not settled last year. Adding this year’s payment, the total amount of arrears is now more than 1 million. Every time I go to ask for payment, I often wait for a few seconds.I only pay 100,000 per month, and I won’t be able to pay off if I continue like this. ”
Under the situation of overcapacity and shrinking demand, gray cloth merchants and traders are forced to adopt cash discounts and credit sales in order to expand sales and increase market share. This practice has led to an increase in accounts receivable. On the other hand, with the crazy price increases of labor, raw materials and other products, the prices of gray cloth and fabrics have continued to fall. Nowadays, the profits of the textile industry are getting thinner and thinner. One-time payment If you don’t get the profit for a year, it will be gone, so today’s textile workers have a better grasp of funds.
We will step up payment collection from now on,
Please all bosses to make payment as soon as possible! It is not easy for textile workers, but you have to do it and cherish it!
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