Recently, many people have gone to the “rooftop” because of the upsets in Brazil and Germany! But the worst thing is that a group of textile bosses who have no orders and no profits still lose!
Recently, the textile market has been gradually sluggish, gray fabrics are unsaleable, prices have been falling, and cloth bosses have suffered a “loss of blood”. When it came to the World Cup, I wanted to bet on the football, but unexpectedly, I was upset and lost a lot of money, which made it worse!
By late November, one after another weaving companies began to suspend production and reduce production. This was due to a significant decline in orders and rising inventories. Recently, with the end of “Double Eleven”, the weaving market has also begun to return to desertedness. In particular, domestic sales orders have declined significantly, while foreign trade orders have also begun to fade. The entire gray fabric market cannot hide the signs of decline, with gray fabric prices falling and inventories rising…
01 gray fabric “blood loss” dropped by 0.8 yuan/meter
This year, the weaving market has been hearing news of falling prices for gray fabrics, but there has been almost no news of rising prices for gray fabrics. Nowadays, gray fabrics have fallen miserably. It can be said that they have hit rock bottom. Due to the sluggish market, many manufacturers are selling their goods. The competition is fierce. Some gray fabrics cannot even keep their profits, which makes the bosses want to cry. After all, they will not sell their goods. , even if you put it in your hands at the end of the year, it won’t turn into money. Recently, gray fabrics have been slow to sell, which has further strengthened the bosses’ idea of selling goods.
News of sales are flying all over the market, such as “Double Eleven Promotion”, “Early Winter Promotion”, “Celebrating World Cup Promotion”, etc… It can be said that they are trying every reason to carry out promotions and receive orders. Even the popular stretch fabric has lost its former glory, and both volume and price have dropped! According to the person in charge of a manufacturer specializing in the production of elastic fabrics: “The domestic sales market has been too weak recently, and no one wants the goods. 100D four-sided elastic costs 1.6 yuan/meter, and no one wants it. The previous one sells for 2.4-2.5, so directly It can’t be sold even if it’s reduced by 0.8 cents!”
02 The gray fabric is unsaleable and cannot be sold.
It is understood that the current price of gray fabrics has already fallen from the high level and is still falling, and the market has seen another phenomenon of selling goods. According to sample data monitored by China Silk City Network, the inventory of gray fabrics in Shengze has recently risen to about 38 days. Although Boss Bu knew that selling goods could not solve the fundamental problem and would plunge the market into a vicious cycle, they were forced to sell goods due to many helplessness.
An epidemic has affected many industries. The textile business has not been easy to do in the past two years. Starting from 2019, overcapacity broke out collectively, trade frictions suppressed demand, and the market began to go downhill. But I never expected that 2019 was just the beginning. In 20 years, the once-in-a-century COVID-19 epidemic plunged the textile industry into an “abyss”, with demand sharply compressed and a large amount of inventory accumulated. In 2021, the overseas epidemic situation is still severe, and the demand of the entire industry is difficult to recover. In 2022, in the first half of the year, we experienced a domestic epidemic, the industry was shut down, and our vitality was severely damaged. At present, although it has recovered, it is still difficult to do textile business as there is still a large amount of inventory in the market.
Now that the New Year is getting closer, collection work has become the top priority. The end of the year is the time when manufacturers need cash the most, and selling goods is also the fastest way to withdraw funds. Although selling goods basically means no profit or even loss, selling in cash, buying as you go, and getting white money is the way to go. Therefore, cloth bosses, please stop gambling, we can still sell cloth with peace of mind!
</p
