I heard that the market seems to be picking up a bit recently, but when I asked, it turned out that spring has just arrived for textile manufacturers. It is now late November, and textile bosses are facing various pressures, and some are complaining about having an early holiday.
“I may have to take an early holiday this year.”
“The second half of this year is generally not as good as expected, and the Chinese New Year will be earlier than usual this year.”
“This year we should have a holiday 7-10 days earlier than in previous years.”
“This year the holidays may start in mid-January.”
Generally speaking, textile companies will start the Spring Festival holiday half a month to 20 days in advance at the end of the year. For textile bosses, taking the holiday in advance is nothing more than troubles with orders, payment collections, and inventory.
Orders fell short of expectations
“Orders are smaller than in previous years, with the total number reduced by about 20%.” said Mr. Zhao, who specializes in outdoor fabrics.
“This year’s orders have not met expectations. The order volume in the second half of the year is relatively small. The machines are currently fully operational, but it will definitely decrease in the future.” Domestic sales manager Tang said.
“Compared with previous years, the orders this year are smaller. We have been free since the National Day.” said Mr. Xiao, who specializes in imitation memory.
“Our current orders are generally low-end products with low profits,” said Mr. Zeng, the domestic trade manager.
“We are currently producing 80% of the orders. The current orders are average, but overall this year is still not good.” Mr. Hu, who is mainly engaged in pongee textiles, said.
Most textile bosses reported that this year’s order situation was not as good as expected. After October, the market came to a “sudden halt”. During this period, the sales of down jacket fabrics were only the sales of gallbladder fabrics, but it involved nylon fabrics, T8, and T400. Other fabrics all have little sales, and the only cold winter effect that can drive fabric sales has not brought orders to textile companies. It seems that this year’s market is probably over, and maybe there will be a wave of stocking up at the end of the year.
Inventory pressure is huge
“Our inventory pressure is still very high, and we will sell goods from time to time.” Domestic sales manager Tang said.
“We have a lot of inventory, which is required by clothing companies to stock up in advance, but the goods have not been picked up.” Domestic trade manager Zeng said.
“We have about 1 million meters of inventory, and 20% of the machines are still in production inventory. If the orders are gone in the future, production will definitely be reduced.” said Mr. Hu, who is mainly engaged in pongee spinning.
“We have a lot of inventory for men’s clothing fabrics, and the current inventory pressure is still very high.” A textile boss who specializes in men’s clothing fabrics said.
Inventory has always been one of the main problems that has been difficult to eliminate for a long time. Now it seems that the inventory of trading companies is basically non-existent, while the inventory of weaving companies has been difficult to eliminate. In fact, half of these hoarded inventories are old materials accumulated by textile companies. Old inventory. Now that there is no profit, customers not only want low-priced fabrics but also prefer fresh fabrics. Therefore, the textile boss has a lot of old inventory that has been stored in the warehouse for several years. At the same time, it is impossible to shut down completely without orders. Machinery and inventory are inevitable.
Is it so difficult to get your money back?
“We’re actually pretty good at getting money back. We’ve screened out the customers who didn’t get their money back, so it’s okay. I just heard that it’s harder to get money for some goods on the market,” said Mr. Zhao, who mainly works on outdoor fabrics.
“Starting from September, we will no longer owe money. It is all in cash, so there is no pressure to collect payment.” Domestic sales manager Tang said.
“Spot goods are settled in cash, and the payment cycle for orders is about 6 months. The pressure for payment is quite high, and the difficulty of payment is also more difficult than in previous years.” said Mr. Xiao, who specializes in imitation memory.
“The repayment has been extended, and it is estimated that there will be inventory pressure and financial pressure at the end of this year.” Domestic trade manager Zeng said.
“The repayment is okay. There is no pressure at the end of this year. Even if the market is bad, we still have to choose customers. We have more old customers, so we can get repayment.” Mr. Hu, who is mainly engaged in pongee textiles, said.
The situation of repayment this year is also polarized. Some textile bosses said that it is extremely difficult to get repayment. Some customers have a deadline of as long as 6 months, which is a huge pressure. However, some textile bosses said that there is no pressure to get repayment, mainly because both buyers and sellers are now Buyers choose high-quality and low-price suppliers, and sellers choose buyers who are quick to pay. However, some hungry textile bosses will choose customers who are slow to pay back and have many demands when there are no orders. , in the end, it naturally becomes the main reason for the pressure to collect money at the end of the year.
Generally speaking, most textile bosses are not optimistic about the market next year. They have expectations again and again, and are disappointed again and again. Their already numb hearts make it impossible for everyone to expect a good market, and it is impossible to predict what fabrics will be hot in the future. To sell, we can only take one step at a time.
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