Towards mid-to-late November, the market is as sluggish as ever. Whether the market can turn around this year is no longer so important to the textile bosses. They only want to be stable in the last month and a half. to finish 2020.
“It is estimated that the market will not improve until the second half of next year…”
Through this survey, I heard the textile boss’s predictions for the next market. This sentence has the most judgment, but the recently signed RCEP and the upcoming Double 12 I wonder if it will change the textile bosses’ views on 2020?
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Textile foreign trade boss’s views on RCEP:
NO.1
“RCEP has Sino-Japanese cooperation will definitely have an impact. With lower tariffs, many orders from Southeast Asia will be transferred to China. The advantages of Southeast Asia are no longer obvious, and the efficiency of workers there is relatively low. There will be more cooperation between China and Japan.”
NO.2
“In recent years, we have cooperated with Vietnam and Myanmar, but the volume is not large. Regarding this free trade agreement, In the long run, it will definitely be beneficial to foreign trade companies. We will also increase our cooperation with Southeast Asian customers to develop customers there and seize new heights. After all, the scale of their textile and clothing industry is increasing. The demand for fabrics will also increase, which is a good opportunity.”
NO.3
“In fact, RCEP is very important to domestic fabric manufacturers. , the impact is not very big, it mainly affects some regions in Southeast Asia. There is a greater opportunity for fabrics to be exported from China, which means that domestic fabric manufacturers have an increased chance of receiving orders, but whether they can receive orders depends on themselves.”
There are positive aspects, but they are not all positive
Most textile bosses are still optimistic about RCEP. Indeed, RCEP is a very good opportunity for China’s export trade. If canceled With tariffs lifted and prices low, the opportunities for Chinese fabrics will be even greater.
But one very important thing is that most of the export countries China Textile has contacted in recent years are India. “Our annual foreign trade sales are about 10 million, but most of these They are all exported to India,” said a textile boss in Shengze area.
The volume of Indian orders in the Shengze area is still relatively large. It can be said that most foreign trade companies in Shengze will have Indian orders, but this time the RCEP agreement involves India does not exist among the countries, which also shows that the signing of this agreement will not have a particularly big impact on many foreign traders. As the above-mentioned textile boss said, orders returned to China have to be obtained by themselves. ! (However, this time it is just India’s unilateral unwillingness to join. It is still very welcome to join RCEP in the future. The benefits to China’s textile foreign trade will be very great.)
The signing of RCEP It still has a good impact on China’s textile industry. At least now the confidence of foreign trade bosses in the future foreign trade market has been greatly increased.
Then the same is true for foreign trade, and what about domestic trade?
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Textile boss’s views on Double Twelve:
In the near future, we will talk about domestic trade Everyone will definitely think of Double Eleven. October has brought a big wave of market trends to the textile market because of Double Eleven. So what impact will Double Eleven have on the domestic trade market in November?
NO.1
“To be honest, this Double Twelve Festival really has no impact on us. We have very few orders now. , only one third of October is not available, and there is almost nothing about Double Twelve.”
NO.2
“October The market is very good, and all our machines are fully operational. However, starting in November, the market begins to slow down. We plan to reduce the operating rate by one-third if no orders are placed. If the weather is still like this It’s been so hot for a few days, and this year is probably over.”
NO.3
“It’s probably not going to work in November, and the market will definitely not be like this. It’s the same as October, Double Twelve has no impact…”
After summer in November, will domestic trade be okay?
Obviously, Double Eleven has no impact on domestic textile bosses. The Double Eleven craze did bring a lot of orders to textile bosses, but Double Eleven Once it ends, it is difficult to see signs of repeat orders. The main reason is now that the weather also accounts for a large part. There are textile…The board said that even if we have weaving stocks, we don’t know whether we are weaving spring and summer fabrics or autumn and winter fabrics. We can count on our fingers how many days there are until December, but the weather has always been in the teens or 20s. The high temperature is around. I would like to ask, is this summer in November?
In short, textile bosses still have an uneasy attitude towards domestic trade this year. In the early stage, the domestic trade market was in a mess in the first half of the year due to the epidemic. Now that the epidemic is finally under control, the market will be better in October. It will feel better for a short time, but now the weather has caught the textile bosses off guard. The textile people who are watching the weather can only wait!
Will the market get better this year? The editor feels that there may be good news in terms of foreign trade, but it is really difficult to say about domestic trade. After all, the weather is not controllable by humans. I hope this year will be a cold winter with heavy snowfall. Orders from textile people can also come as hard as heavy snow (after all, I haven’t seen heavy snow in several years, so let’s look forward to it)!
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