On October 20, a weaving company that produces pongee said that 260T matt pongee is currently very popular. Not only does its own company have a small inventory, but surrounding companies also have a small inventory of pongee of this specification. Some manufacturers even said that when purchasing 260T matt pongee, they had to queue up and wait for the product to come off the production line. At present, shipments of 240T and 300T are relatively smooth, and corporate inventories remain low. In addition to pongee, orders for some autumn and winter fabrics have increased significantly. According to a market source in Zhejiang, due to the sudden change in temperature, there has been a sudden increase in calls and orders from old customers in Guangdong, Shenzhen, Jiangsu and other places.
Taking pongee as an example, due to the increase in downstream demand, companies are rushing to enter this market, which has triggered a price war. According to market data, the prices of 240T and 300T pongee in August this year were 1.50 yuan/meter and 1.65 yuan/meter respectively, while the prices on October 22 were 1.35 yuan/meter and 1.55 yuan/meter respectively, a decrease of 0.15 yuan/meter respectively. Yuan/meter, 0.10 Yuan/meter, but the price is obviously lower despite the hot market.
At present, the actual transaction price of pongee is very confusing. A person in charge of a textile enterprise in Anhui region lamented: “Currently, 240T pongee textile is priced at 1.40 yuan/meter, but the market has already seen prices of 1.20 yuan/meter and 1.30 yuan/meter. Our factory cannot afford this price at all. , unable to compete with others.”
It is understood that there are two reasons for the current hot sales of gray fabrics: First, my country’s textile and apparel foreign trade has bucked the market trend. Data from the General Administration of Customs shows that from January to July this year, the country’s textile and apparel exports totaled US$189.35 billion, a year-on-year increase of 12.4%. Second, since October this year, a “cliff-like” cooling has occurred in many places in my country. Under the cold wave, people’s need to keep warm from the cold has greatly increased. An e-commerce friend said that during the National Day, the sales of autumn and winter clothes on the platform increased by 125.64% month-on-month, and that of down jackets increased by 140%.
Regarding the cotton spinning market outlook, industrial customers are still cautiously optimistic and focus on risk prevention and control.