Factory Direct Supply Recycled Polyester yarn tube yarn In Production Line

Textile supply chain almost stops cotton consumption goes from bad to worse

Affected by the continuous escalation of the global epidemic, textile mills in various countries have been out of the market in the recent week to wait and see, only purchasing the most urgent demand for raw materials.

From all aspects of the situation, as the orders in the downstream of the industrial chain began to decrease, the current inventory of the yarn factories in various countries began to increase. At the same time, India's three-week feudalism brought textile mill production and port shipments to a complete halt. Pakistan and Bangladesh also face the same problem, and the continuous reduction of downstream orders makes the mills run short of funds. Pakistan's clothing exports rose another 20% in February, a record high, and are expected to decline by 60% or more in March. The situation in other markets is similar.

As of last week, the basis for spot shipment of high grade Australian cotton was 2100-2350 points, that for American cotton 41-4-36, 31-4-36 and 31-3-36 GC was 875-985 points, that for Brazilian cotton m1-1 / 8 grade cotton was 925 points, and that for West African cotton was 1200 points.

At present, the international cotton price has fallen to a ten-year low, and China's resumption of production is getting better. Recently, the state has also relaxed the quarantine procedures for imported cotton, which should have been expanded according to the plan. However, the worsening of the overseas epidemic situation has led to the continuous reduction of textile export orders and the decline of cotton import demand to the freezing point. According to the current situation, the global cotton consumption is expected to decrease by 10-15%, depending on how long the current epidemic crisis will last.