China textile orders pick up observation: raw material prices rose in the morning and rose in the afternoon

category:Finance
 China textile orders pick up observation: raw material prices rose in the morning and rose in the afternoon


At the same time, the person in charge said that as the domestic double 11 Shopping Festival was about to start soon, merchants prepared goods in advance, which also led to a sharp increase in domestic fabric orders in the near future. This years domestic and foreign trade orders collided, but our production capacity could not be increased urgently. Recently, we sold the inventory of last year and the year before last! He said.

Previous media reports showed that since September, many large-scale export-oriented textile enterprises in India have been unable to guarantee normal delivery due to the epidemic situation, while European and American retailers have transferred many orders originally produced in India to China in order to ensure that supplies in the Thanksgiving and Christmas sales seasons will not be affected.

Recently, the relevant person in charge of the foreign trade department of the Ministry of Commerce responded that it was normal market behavior for Indian textile orders to be transferred to China. China took the lead in resuming work and production, which effectively guaranteed the supply of the international market and supported the smooth operation of the supply chain of the international industrial chain.

According to public information, India is the worlds largest cotton producer and the worlds second largest textile and garment producer. The textile and garment industry is one of the largest sources of foreign exchange income in India, accounting for about 15% of Indias total export revenue.

Statistics from the General Administration of customs also confirm that Chinas textile exports are recovering. Li Kuiwen, a spokesman for the General Administration of customs, recently said that in the first three quarters, the export of seven categories of labor-intensive products such as textiles and clothing reached 2.59 trillion yuan, an increase of 5.4%. Among them, the export of textiles including masks was 828.78 billion yuan, an increase of 37.5%.

According to statistics, in August, Chinas textile exports amounted to US $14.72 billion, up 47% year-on-year; and clothing exports were US $16.21 billion, up 3.2% year-on-year, achieving the first positive monthly growth in the year.

In addition, many companies which were engaged in textile domestic trade business have also received orders from foreign trade companies in this order tide. Zhejiang Jinhua Henggang Home Textile Co., Ltd., the head of Zhejiang Jinhua Henggang Home Textile Co., Ltd., told surging journalists that the company recently received an order from Zara, an international fast-selling brand, on Alibabas 1688 domestic trade platform for the first time.

Hebei Gaoyang Rongtian Textile Co., Ltd. related person in charge told reporters that since September, the company has received a surge in foreign trade orders, we have been a factory for 20 years, and have not been so centralized and popular. One month, orders for towels reached 2 million. As a domestic trade oriented business, it was four or five years ago that we last came into contact with Indian orders. Driven by the market, textile industry shares also experienced a wave of significant gains. From October 9 to 19, the closing price of Jujie microfiber (300819) increased by 97.77% in seven trading days. On October 19, Jujie microfiber issued a notice on abnormal fluctuations in stock trading. According to recent social media reports about the return of Indian textile orders to China due to the epidemic situation, the company did not find any increase in the number of orders due to this issue after multi-party verification by the company. Extended reading official: grain harvest has become a foregone conclusion, production is expected to reach the best level in history, credit card players rush to fly at heart: Crazy delay insurance, a flight to earn 8000 Wei to plan self-developed chip! Li Bin is actively promoting the establishment of an independent team. Source: surging news editor: Yang Bin_ NF4368

Hebei Gaoyang Rongtian Textile Co., Ltd. related person in charge told reporters that since September, the company has received a surge in foreign trade orders, we have been a factory for 20 years, and have not been so centralized and popular. One month, orders for towels reached 2 million. As a domestic trade oriented business, it was four or five years ago that we last came into contact with Indian orders.

Driven by the market, textile industry shares also experienced a wave of significant gains. From October 9 to 19, the closing price of Jujie microfiber (300819) increased by 97.77% in seven trading days. On October 19, Jujie microfiber issued a notice on abnormal fluctuations in stock trading. According to recent social media reports about the return of Indian textile orders to China due to the epidemic situation, the company did not find any increase in the number of orders due to this issue after multi-party verification by the company.