The Spring Festival holiday has ended, and most textile companies have officially started work, preparing to work hard in the new year!
Let’s first look at a set of macro data:
According to the Ministry of Commerce’s announcement on the evening of the 17th, the sales of key retail and catering enterprises nationwide during the 2021 Spring Festival Golden Week (February 11-17) were approximately 821 billion yuan, year-on-year. The growth rate in 2020 was 28.7%, an increase of 4.9% compared with 2019.
Among them, optional consumer goods such as jewelry and clothing have experienced outstanding growth. The Ministry of Commerce has focused on monitoring retail enterprises’ jewelry and clothing growth rates exceeding 100% year-on-year. Among them, clothing Sales increased by 107.1% year-on-year.
During the Spring Festival, the entire textile and clothing consumption increased significantly. Chemical fiber raw materials have also had a good start. Judging from the start-up situation of downstream textile companies, many textile companies received orders for tens of thousands or even hundreds of thousands of meters on the first day of operation. All signs indicate that the “Golden Three” of textile people is on the way!
The peak season for spring clothing sales is approaching
From the demand side, March is the traditional peak season for the textile market, and it is a good time for spring and summer clothing sales. At present, most clothing stores have already launched new spring clothes. When spring comes, spring clothes are bound to usher in a boom. Once sales increase, clothing manufacturers will definitely place orders quickly. Judging from the recent weather conditions, spring clothes are likely to sell well in advance, and the downstream weaving fabrics sector will also see a wave of market conditions. Furthermore, due to the impact of last year’s cold winter, many clothing manufacturers have greatly alleviated inventory and mobilized funds. These manufacturers will also have more abundant funds to prepare for the “Gold, Three, Silver and Four” in the first half of the year!
Textile companies resume work ahead of schedule, and weaving factories are busy delivering goods , traders are busy stocking up goods
On the first day of work, many weaving factories have already started shipping.
A manufacturer of imitation memory said: “We shipped 30,000 meters of goods on the first day, and tens of thousands of meters of goods were shipped in the next few days. Most of our workers did not return home during the Spring Festival, so production capacity recovered quickly, and now the operating rate has basically reached 80%.”
Another foreign trader also revealed: “Foreign customers have ordered 180,000 meters of pongee. After construction started, foreign customers inquired more frequently about price and sample making. Now we have 5 or 6 samples on hand.”
Another industry and trade person who makes imitation silk also revealed: “After we start work, we will have 70,000 meters of imitation silk to arrange delivery. The orders were placed a year ago, and there are many proofs, most of which are Aimed at foreign trade customers.”
Recently, driven by raw materials, gray fabrics have gradually moved away from the “floor price”. Although there is still a certain gap compared with 2019, at least Got a good start.
Many middlemen and traders have also begun to stock up on fabrics. There are still some manufacturers with high inventories in the market who want to take advantage of this market situation to reduce their inventories, so they have not increased prices. As a cloth boss said: “As long as the inventory can be reduced and the inventory can be realized, it is already very good.”
Although the market has only just opened, most voices in the market are still optimistic about the market outlook. Manufacturers that originally planned to start production after the 15th day of the first lunar month have also resumed work and production ahead of schedule. “There are a lot of inquiries from foreign customers. Coupled with the rapid rise in raw materials, the market is beginning to show signs of heating up. We are preparing to go to work early to deal with related matters and grasp this wave of market conditions. We hope to receive more solid orders.” The person in charge of the company with more than 200 looms said.
Postscript
Of course, in addition to the positive trend in domestic clothing consumption during the Spring Festival, the number of new daily cases of the epidemic abroad has begun to decrease, and the general trend of the epidemic has gradually become clear. , foreign consumer demand will also be further released. In March, domestic and foreign orders will be placed one after another. This may be a major opportunity for textile and garment people to make a comeback this year. Textile people must seize this opportunity!
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