India Textile Market Encountered Cold Cotton Paction Activity

Within a week (5-11 July),

The market is still weak, and the characteristics of the off-season are prominent. Since July, the sales difficulty of textile enterprises is obviously greater than that of last month. Most small and medium enterprises adopt the strategy of shutting down, limiting production, throwing stocks and observing the future market.

As the saying goes, "shopping malls are like battlefields".

It is no longer a battle for profit and development. It is more about fighting for survival.

The terminal market is deserted, the backlog of clothing enterprises is overstock, and the demand for short-term gauze demand is fading.

"This is the most severe time for textile market in 30 years since I was engaged in the textile industry, and the market will continue to deteriorate."

As recently published by the Ministry of industry and commerce, the report states that the textile industry is still in a difficult position in the second half of the year, and that more medium and small enterprises will face the risk of being eliminated.

It is reported that the low-end product sales of textile enterprises have maintained a slight deficit in recent years. The profit margins of high-end products have changed little, and stock pressure has been increasing.

The order of large textile enterprises is mainly oriented to old customers, though the number is not increasing, but it is also stable.

Recently, imported cotton still occupies half of the spot market. India cotton has been active. High-grade Xinjiang cotton has been trading at a high volume, and real estate cotton is still unattended.

At present, most of the raw material inventory of textile enterprises are lower than the average monthly cotton consumption. Later or there will be replenishment needs.

However, before the terminal market improves, the amount of replenishment of spinning enterprises will not be very large, and the replenishment period will not be very long, subject to the constraints of basic and finished inventory pressure.

In July 10th, the 4 class real estate cotton in Shijiazhuang was quoted at 17000 yuan / ton (public, with ticket, from the same place), down 100 yuan / ton compared with last week, 2 yuan Xinjiang cotton price quoted 19700 yuan / ton, 3 new Xinjiang cotton price 19100 yuan / ton, last week was flat, India cotton S-61-1/8 "price 17700 yuan / ton (net weight, carry ticket, self mention)", "cotton cotton SM1-1/8" quoted price 18600 yuan / ton (net weight, ticket, self mention), all fell by 100 yuan / ton last week.

Sinopec quoted 10250 yuan / ton, up 100 yuan / ton compared with last week.

On the whole, under the situation of continuous weakening of the global economy, coupled with the high price of domestic raw materials, the rise of labor costs, the decline in export volume, the shortage of front-line workers and the financing difficulties, the real economy of the entire textile industry chain has been hit hard.

The proportion of textile enterprises to stop production and production has gradually increased, and the market of grey fabrics and fabrics has not improved significantly. The price of products has been steadily weakening, and the continuous shortage of large single products has fully demonstrated that the textile market has entered the "cold" season.