After 209 days, the heads of state of China and the United States gathered again
June During the meeting between the heads of state of China and the United States on the 29th, the leaders of the two countries reached a consensus that China and the United States would restart economic and trade consultations on the basis of equality and mutual respect. The United States has stated that it will no longer impose new tariffs on Chinese exports. The economic and trade teams of the two countries will discuss specific issues.
“NOTTO impose new tariffs” has completely exceeded market expectations of “suspension of additional tariffs.”
As soon as the news came out, the market was boiling!
Since May 2019, the Sino-US trade war has continued to escalate. For the textile and apparel industry, changes in Sino-US trade policies have broken the pattern of imports and exports in all links of the industrial chain. , resulting in an imbalance of supply and demand in the industrial chain, which also led to poor order placement in the market, and a strong wait-and-see atmosphere in the market.
After one month, this stalemate has finally made a substantial breakthrough. The US$300 billion tariff threat has been eliminated, injecting a “shot in the arm” into the already burdened market!
As the industry chain moves from top to bottom, there may be another wave of price increases!
Just last week, favorable macro conditions directly stimulated a series of upward adjustments in polyester products. After the Dragon Boat Festival, polyester filament products began to rise collectively, with an increase of 200-300 yuan/ton, and only a small number of weaving companies entered the market to restock; in the middle of the year, the POY market made waves again, with an increase of 200-300 yuan/ton, and more than half of the companies Start purchasing raw materials; recently, the price of raw materials has risen again. The quotations of mainstream manufacturers have increased by 200-400 yuan/ton. Weaving manufacturers cannot bear it anymore and frantically forward price increase notices on their WeChat friends.
The price of raw materials has increased by more than 1,000 yuan, the cost of weaving manufacturers has skyrocketed, and the price of gray fabrics, which has been falling in the early stage, has begun to stabilize!
Next, polyester manufacturers whose inventories have been at low levels will not miss the opportunity to increase prices. It is very likely that they will take advantage of this huge benefit to raise prices again. Although weaving manufacturers There is a lot of inventory in the early stage, but with the dual benefits of rising raw material prices and the foreign trade market, the quotation will gradually be raised to regain the “lost ground”!
Gray fabrics are at their lowest point, and traders can start replenishing supplies!
The continuous rise in raw material prices has prompted traders who had been “sitting aside” and waiting for the lowest price to stock up. It is understood that many weaving manufacturers said last week that they were busier than before, with more or less people coming to pick up goods.
The owner of a textile factory in Wujiang area said that the average daily shipment of the factory this week was more than 20,000 meters, mainly T400 and imitation memory. It is mainly Fujian customers who are stocking up. .
Another textile boss who mainly sells imitation silk said that although the current market is unstable, the sales of goods are better than before, and many of them are sent to Keqiao market. Market transactions have increased, which has led to a decline in industry inventories.
According to the data of sample companies monitored by China Silk City Network, the current inventory of gray cloth market has dropped to about 40 days. Although the decline is not obvious, at least the rising momentum in the early stage has been suppressed. , market confidence has recovered.
Although there are various opinions on the development trend of the industry chain, many textile companies believe that the stabilization and recovery of industry chain prices will play a relatively positive role in the entire industry chain. promotion effect. The rising cost of raw materials will suppress the price of gray fabrics, which has been falling to the point of no end in the early stage.
After several rounds of replenishment of raw materials, the current raw material inventory of most weaving manufacturers has increased from the previous The number of days increased from 7-10 to 15-20 days, and the average number of days increased to about 1 month. The purchase quantity was the largest in the past quarter.
Therefore, it can be seen that the production costs of gray fabric manufacturers have been locked in the past few months. “The current price of gray fabrics has been at the lowest level in the past two years, and some varieties have already It has fallen to a loss. If it falls in the future, it will not fall much because the price of raw materials is there.” said Mr. Wang, the owner of a weaving factory.
Will the blocked “sewer” of the industrial chain really be opened? !
This year we have been saying that the high inventory in the gray cloth market has directly blocked the circulation upstream and downstream of the industrial chain, and the flow of orders is very slow. However, the current inventory in the industry is slowly declining. There are good news about US trade again. Does it mean that the “sewer” of the industrial chain is about to be opened?
Let’s look at the printing and dyeing industry first. As the downstream market of the textile industry, the prosperity of the printing and dyeing industry represents the volume of market orders. I learned from the printing and dyeing market in Jiangsu and Zhejiang regions.Since the beginning of this week, printing and dyeing manufacturers have had a slight increase in orders on hand, but they are far from “saturated” and the delivery time is still relatively fast.
As a salesperson from a dyeing factory in Shengze area said, there are not many orders in the factory at present. There are more high-elastic fabrics entering the factory, but there are no big orders. The orders are scattered and the delivery is The period is still maintained at about 4-5 days;
The person in charge of another printing and dyeing manufacturer also admitted that there have not been many orders in the factory recently, and the workshop has started to be closed on Sundays. The current dye price Remaining high, the dyeing factory is under great pressure to exceed costs, and the dyeing fee cannot be reduced, resulting in a shortage of orders in the factory.
It is understood that the current market delivery period is generally maintained at about 5-9 days, basically maintaining the level of last week. Most dyeing factories said that factory orders have not seen a large-scale improvement. The market conditions are still moving closer to the off-season. It can be seen that the printing and dyeing market is still tepid, and it can even be said to be “not full”. The market still lacks guidance from terminal market orders.
The editor has something to say
The reason why “hot” is used to describe the inventory of gray fabrics in the industry is mainly because the inventory has been low in the past, and the shortage of supply has detonated the market. This is good for any link in the upstream and downstream of the textile industry; but now the high price of gray fabrics The current inventory situation has become the most critical factor in preventing the market from improving. When industry inventories gradually become larger, it will take time for the market to recover.
However, the easing of Sino-US trade relations has a certain boost to the market improvement. Although we don’t know whether the market improvement will be sustainable or not, we need to verify it with later orders! Only boosting the confidence of the entire industry chain is fundamental!
</p
