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With over 19 years of experience in the yarn and textile industry.

Yarn prices fall endlessly, orders are eager to see

by:Chengyi     2021-03-15
Since the epidemic, the capital market has experienced repeated thunderstorms, and US stocks have broken several times. Zheng Mian has previously fallen below 10,000. In the past few days, US crude oil fell again to negative numbers. In the first quarter, the total domestic GDP fell by 6.8%. Various industries have been hit to varying degrees, and the textile industry can hardly recover quickly in a short period of time. The yarn market continues to be weak, manufacturers are under increasing pressure, and market demand remains sluggish.   In the process of getting to know the company, a spinning mill joked that many people have gone to make masks, and there are no orders in the market. One manufacturer said that export sales are basically in a stagnant state, and the foreign epidemic situation is severe. Export sales will also start in June at the earliest and begin to recover. But now, the situation in domestic sales is not good, and various varieties such as knitting and denim are not satisfactory. In spring and summer, there are a lot of clothing, slow digestion, large stocks of cloth shops, and low operating rate of weaving factories. Compared with the price of cotton, demand and orders are the main reasons for referring to the market outlook. Manufacturers have a strong shipping mentality, and the market now reflects that the varieties are relatively scattered and have no hot-selling specifications. Downstream manufacturers basically just need to buy. According to the feedback from the upstream and downstream, the current market order continues to be lacking, the manufacturer pressure is relatively large, and the inventory backlog is serious, resulting in a rapid decline in product prices. The current market quotation is also relatively chaotic, and the transaction is real. Still talkable, despite this, market transactions are still slow, and the financial pressures of various manufacturers are becoming more and more obvious. This situation has been reflected in various aspects of the textile industry to varying degrees. The number of manufacturers with limited production and shifts has gradually increased, and some manufacturers even directly take holidays.   In order to clear inventory, the terminal clothing industry and home textiles have also begun to broadcast live, discount sales, and return funds to reduce corporate pressure. The textile enterprises in the intermediate links can only fight price wars to compete for orders and maintain production. Article Keywords:   Yarn Price
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