Apparel / Textiles & Accessories

1. Jiangsu and Zhejiang continue to decline, and the output of northern Jiangsu grey cloth has increased by nearly 20% (hot: ★★★★★★)

According to statistics from various cluster regions, in the first half of 2021, the total output of chemical fiber filament fabrics in Shengze, Xiuzhou, Longhu, Siyang, Pingwang, Keqiao, and Dafeng Xiaohai was 11.208 billion meters, a year-on-year increase of 6.1%. The situation continues to recover, but due to factors such as the epidemic and industrial relocation, it has not yet returned to the same period in 2019, and production has fallen by an average of 4.09% in two years.

Longhu and Siyang regions performed well, with filament fabrics achieving a two-year average positive growth. On the one hand, the increase in production in Siyang is due to the fact that as a transfer recipient of the filament weaving industry, new plants in Siyang have been put into operation in recent years, and the production capacity has been gradually expanded; on the other hand, the products produced in Siyang are mainly home textile fabrics, which is more affected by the epidemic. small. The Longhu area is mainly made of outdoor sports and cold-proof clothing fabrics. Due to the influence of the season and the rise of "fitness fever", the output has increased significantly.

2. Heavy news! Mainstream polyester factories continue to implement the second round of production reduction plan (hot: ★★★★★)

Due to low polyester profits and high inventories, polyester factories are under pressure, and some polyester companies have begun to reduce production one after another. It is understood that the domestic mainstream polyester factories Tongkun, Xinfengming, Hengyi, and Tiansheng all plan to reduce production by around 20%, with a total reduction of about 4 million tons, and the recovery time is yet to be determined. At the same time, some other polyester companies have also announced their production reduction plans. The current production capacity is 4.536 million tons involving parking and production reduction. Recently, it has been reported that some varieties of polyester filament yarns in polyester factories are still in a state of loss, and mainstream polyester factories continue to implement the second Round production reduction plan.

3. Spandex falls into the "sacred altar", and the price may fall (Hot: ★★★★)

"Recently, several middlemen of spandex yarn have launched a circle of friends selling goods. The price of spandex yarn has not increased for a while, and it feels like it is about to start to reduce prices." said a textile boss in Shengze.

With the multiple impacts of spandex entering the high-price zone, insufficient new orders, and the gradual release of new production capacity, most of the spandex purchases have turned to rigid demand follow-up, and their enthusiasm for stocking has dropped sharply. Very few dealers have slightly higher inventory in the early stage. Starting to sell at low prices, the panic mentality increased, and the selling price was slightly lower than the supplier's direct selling price.

4. Crude oil soared by more than 5%, and polyester yarn production and sales were "one-day trip"! (Hot: ★★★)

Last Monday, crude oil swept away the haze of the previous week's continuous decline and soared by more than 5%! Quoted at $65.64 per barrel. Polyester manufacturers made a big push for destocking, and their production and sales broke 100. Some large factories produced and sold as much as 450%, but then the production and sales quickly fell back to normal. The mainstream production and sales were 20%-40%, just a "day trip."

At present, the upstream raw materials fluctuate greatly, the weaving market is sluggish, and the manufacturers are not buying enough. Most of them buy for rigid needs. Most of them still hold a cautious attitude. Naturally, production and sales tend to be at a low level.

5. Completely fall! Only 30% of the factories in Vietnam are operating normally! (Hot: ★★)

From 0:00 on the 23rd, Ho Chi Minh City has implemented the most stringent "in-situ" prevention and control quarantine measures since the outbreak. The distribution of food for nearly 10 million people in the city will all be taken over by the army, police, and government epidemic prevention and control teams. This upgraded version of prevention and control measures is expected to have a more serious impact on factory production and cargo transportation.

According to the Vietnam Textile and Apparel Association, nearly 90% of the industry's supply chain has been severely affected by the blockade, and as many as 80% of garment and textile companies in the southern provinces have completely stopped production. In the north, about 20% to 30% of textile and clothing suppliers have stopped production. The Korean Chamber of Commerce in Ho Chi Minh City estimates that 27% of its member companies have stopped production. SEKO Logistics stated that less than 30% of factories in Vietnam maintain a complete production plan.

6. Tragic! A fire broke out in a factory, killing 15 people! (Hot: ★)

Pakistan’s rescue and firefighting department said on the 27th that at least 15 people were killed in a fire at a chemical plant in Karachi, the capital of Sindh Province, southern part of the country.

Local media quoted the person in charge of the Karachi Fire Department as saying that the cause of the fire was the toxic chemicals stored on the scene. According to witnesses, there were at least 35 people in the chemical plant when the fire broke out. The roads near the incident site were narrow and heavy smoke billowed at the scene, which brought difficulties to rescue and fire fighting. At present, the Palestinian security forces have sealed off the site of the incident, and the injured have been transferred to the hospital for treatment.