Since this year, the filament weaving market has undoubtedly become the spotlight of the textile industry, whether in terms of environmental protection measures, product sales, or industry pricing.
(the “one cloth” that has appeared in the market “Hard to find” cloth rush)
In terms of product sales, the overall market situation was good in the first half of this year. In the early stage, companies reported that they had orders but could not get the goods. , especially the previous conventional varieties, pongee and polyester taffeta, etc., all require money to pick up the goods. While the product volume and price have been improved, the company’s profit margin has increased significantly. Take water-jet looms as an example. When the market had not recovered on a large scale last year, the daily net profit of a water-jet loom was around 50-60 yuan. However, in March-April this year, the machine rate It once rose to 120-150 yuan/unit.
The market sentiment has picked up, and the products Catalyzed by shortage of supply, it has also led to ideal destocking in the weaving market. At present, the weaving inventory in Shengze area according to our statistics is 26-27 days old, which is a decrease of 6-7 days compared with the same period last year. When the market was at its best from March to April, inventories dropped to a historical low of about 24 days. The processed fabrics that many fabric owners have been hoarding for several years have all been sold out. It is conceivable that there is not much inventory of gray fabrics in the market.
At the same time, with the fermentation of the above factors, The pricing power of the filament weaving market has also been well released. According to statistics, as of June 30, the quotations of conventional products such as pongee and polyester taffeta have increased to a certain extent compared with last year, with the increase basically being 0.3- About 0.5 yuan.
From the perspective of environmental protection rectification efforts, since late May, although The market has ushered in the off-season, but in order to maintain cross-section water quality, Shengze water-jet looms have implemented a “three starts and one stop” policy. Other filament weaving industry bases such as Changxing, Jiaxing and other places have also experienced different production suspension and production restriction measures. This has caused supply to shrink. For now, the market supply and demand situation is still good.
However, looking at the situation from mid-June to July so far, the current situation is as follows: There are changes in factors:
First, In the first half of the year, the focus of everyone’s attention was on the delivery date of dyeing plants. Due to environmental protection factors, printing and dyeing companies ushered in a phased suspension of production. Among them, the delivery date problem of dyeing plants is particularly serious, and the market capacity is limited. However, the demand for weaving has increased sharply, and the supply and demand are imbalanced, resulting in more news about rising dyeing prices. At the same time, the production cycle of fabrics has been extended indefinitely, which has caused considerable obstacles for fabric manufacturers to receive orders. This year, the delivery time took more than a month in March and April, but now it has gradually dropped to about two weeks.
The author believes that the important factor affecting the delivery time of the dyeing factory in the first half of the year is the chemical industry The shutdown of dye enterprises in the park has caused an imbalance in the supply and demand of raw materials in the market. According to people in the dye industry, after the irrational rise in the early stage, the current dye prices are already artificially high. For example, due to factors such as the market weakening, the prices may drop. A collapse occurs. According to media reports on the 12th, the first dye company in northern Jiangsu has resumed production, and other suspended dye companies are expected to resume production in the future. As supply gradually recovers, the hype will also weaken; With the recent resumption of production by dye companies, Hangmin Co., Ltd., a leading printing and dyeing company, has recently begun to reduce dyeing fees. It can be seen that the sales pressure of printing and dyeing companies is also increasing.
Another issue that everyone is more concerned about is the increase or decrease in the total number of water-jet looms. . While a large number of water-jet looms are being phased out in Jiangsu and Zhejiang, a large number of companies have begun to move to northern Jiangsu, Anhui, Henan and other places since last year. At present, the release of water spray production capacity in Anhui and other places has gradually emerged. In some areas of Anhui, the local policy is tax exemption, rent is 60 yuan/month, wages in general industries are 3,000-4,000, and wages in the textile industry are 7,500 yuan/month. Recruitment is particularly easy, and various trainings are provided. For gray fabrics of the same quality, excluding transportation costs, the price per meter is about 0.17~0.27 yuan/meter cheaper than local gray fabric prices. The price advantage is still obvious.
However, foreign weaving companies generally produce some mid- to low-end quality gray fabrics. , and thenMost of them are mainly for large orders. If you want high-quality and high-grade products, you still have to get goods from local gray cloth factories, and there is still a shortage of local technical workers such as security guards.
But as we all know, the main driving force of the market in the first half of the year was China Low-end quality gray fabricsIt is understood that the number of gray fabrics named after Anhui, Northern Jiangsu, Jiangxi and other regions has increased from a small scale in the first half of the year to a large area now, and has had a significant impact on the pricing power and sales of the Jiangsu and Zhejiang markets. Small influence.
Third, in terms of foreign trade, there has always been uncertainty in the trade relationship between China and the United States. Factors, we all know that the current leader of the United States, Trump, was born as a businessman, which also led him to pay special attention to trade. my country has always been the largest exporter of textiles and clothing and has always had a trade surplus with the United States, so there is a possibility of being suppressed. Still big. Earlier, due to the Obama administration’s TPP agreement and preferential labor cost conditions, a large number of domestic orders were transferred to Southeast Asia, which to some extent also caused the Chinese textile industry to face a four-year economic trough.
Now that trade barriers have formed again, it will inevitably lead to the return of some orders this year. to Vietnam and other Southeast Asian countries,and clothing orders have returned to Southeast Asia. It is understood that in recent years, the return of global textile manufacturing has made the choice of fabric orders not limited to China, so for the second half of the year It is a severe challenge for my country’s textile and apparel companies to receive orders. The orders received by domestic apparel companies directly reflect the demand for fabric products. If the fabric market does not receive timely order feedback, market confidence may be frustrated.
Although there are changes in the above issues, there is no obvious trajectory yet. As for the follow-up development? We will discuss this next time when the market becomes more clear.
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