Textile export order level is still not high, gray cloth inventory generally rose to 20 days
2020-06-15 14:14
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Although the foreign epidemic has been contained, many countries have been unsealed to resume work, but the global economic recovery is expected to take some time, the current level of textile export orders is still not high, many enterprises have skipped summer orders, directly hit the autumn and winter fabrics. Weaving factory inventory is still high, the textile industry chain waiting for the situation to improve.
A textile supply chain company in Shaoxing said that considering that downstream weaving, clothing and foreign trade enterprises directly "skip" summer orders and directly print, sample and machine autumn and winter clothing, there are few inquiries and transactions for 40S and above ordinary or combed Indian and Vietnamese yarns. Since March, traders have focused on OE yarn, C32S and below ordinary comb ring spinning; the company reflects that its customers (cloth factories) in Shaoxing, Lanxi, Ningbo and other places have generally increased their gray cloth inventory to 20 days or even more than 25 days. They can only reduce their production capacity and inventory risks by changing two shifts to one shift or starting up the front and back roads in turn. However, they cannot stop production and take holidays. On the one hand, it is difficult to recruit employees with technical ability. Once orders arrive, there is no way to guarantee the quality and stability of gray cloth supply; on the other hand, the shutdown or lead to bank loans, upstream suppliers run on the purchase price, etc., it is easy to lead to "false downtime" into "real bankruptcy".
A foreign trade company in Suzhou reported that as of now, the order volume of several major European customers such as Spain and Italy has recovered to 40-50% of the same period last year. Not only are there almost no large orders, but the contract price is very low (the purchaser will exchange rate of RMB. Factors such as depreciation are taken into account). Due to the continuous rise in raw material prices, high labor costs and the need for frequent debugging of equipment due to varieties, affecting production capacity and other concerns, domestic textile and garment enterprises are more exclusive of small batches and unprofitable orders, and some enterprises would rather reduce production and stop production than take such export orders.
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Ningbo Mianlian Textile Co., Ltd
Mianlian Textile is a large-scale domestic production enterprise of knitted fabrics and knitted apparel. It was established in 1989. It is located in a famous knitting city in China and one of the four major fishing ports in China. It has Haishan Fairy Valley and Ningbo Xiangshan Peninsula, known as the Oriental Island. The company specializes in cotton acquisition, spinning, knitting gray cloth, and knitted clothing R & D and production enterprises
In the textile industry, the newly approved National Advanced Printing and Dyeing Technology Innovation Center, the National Advanced Functional Fiber Innovation Center established last year, and the National High-performance Medical Device Innovation Center, the National Integrated Circuit Characteristic Process and Packaging and Testing Innovation Center, and the National Rare Earth Functional Materials Innovation Center, which have been approved by the Ministry of Industry and Information Technology since this year, are all areas that the country urgently needs and must focus on achieving technological breakthroughs. It is related to the foundation of a manufacturing power.
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Textile export order level is still not high, gray cloth inventory generally rose to 20 days
Although the foreign epidemic has been contained, many countries have been unsealed to resume work, but the global economic recovery is expected to take some time, the current level of textile export orders is still not high, many enterprises have skipped summer orders, directly hit the autumn and winter fabrics. Weaving factory inventory is still high, the textile industry chain waiting for the situation to improve.
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