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How will grey fabric market fare amid epidemic
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How will grey fabric market fare amid epidemic

Views:0     Author:Site Editor     Publish Time: 2020-03-31      Origin:Site

In early-Mar, the epidemic in China is gradually being controlled. However, overall sales ratio of cotton grey fabric market was still lukewarm. Fresh orders in the traditional peak season did not increase obviously despite some pre-holiday orders. In addition, the production capacity of weavers in some regions has not been fully restored, and the output of grey fabric was still not as good as the same period of last year. So how will cotton grey fabric market perform in mid to late-Mar?

Lackluster follow-on orders

In Feb, as more weavers resumed work, pre-holiday orders also began to be fulfilled by arranging production and delivery. Although fabric mills have continued to produce recently, the market price inquiry and new orders have not increased evidently. Current average order level can sustain for half a month. Some large-scaled ones can produce until mid-Apr, and the order price is still hard to rise. According to the feedback from weavers, first, there are no large export orders, and customers and weavers prefer short-distance and fast orders; second, due to the epidemic in Feb, fabric mills were shut down, overseas customers chose to cancel or transfer the order to other countries due to delivery; Third, amid impact of the national shutdown in the early stage, sales of domestic spring apparel has greatly reduced, and the summer one was also facing a delay in delivery, so gray fabric orders in the downstream will shrink significantly.

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