Views: 1 Author: Site Editor Publish Time: 2022-03-07 Origin: Site
The hottest news of the two days must be the heating up of geopolitical factors. After the sound of a cannon, oil is king, but at the same time, the textile market has also changed dramatically.
Yuan revaluation
As is known to all, the appreciation of RMB is good for imports, not good for exports. However, under the influence of geopolitical factors, the RMB exchange rate has played an urgent function of hedging. The RMB exchange rate has been hovering around the 6.3 level. The offshore yuan traded as high as 6.3016 to the DOLLAR.
Textile workers are returning to their companies as the international crude oil prices soar. Most of the downstream textile and weaving enterprises have been concentrated to resume work, and the enterprises have been fully engaged in the production process, but the orders are still missing, and the return of migrant workers is delayed due to the traffic difficulties, and other factors, most of the downstream users only maintain low operation. According to data from China Silk Capital, the probability of opening in Jiangsu and Zhejiang has risen to about 64 percent, up 6 percent from last week. From the steady increase in the opening rate, we can see from the side that the situation of employees returning to work has indeed improved.
The employee's return is definitely a good news for companies, because from the traditional peak season of textile market "three gold" is not far off, although the downstream orders at present is not very ideal, market mainly production years ago order, if not too much chance also can still satisfy the production, but once in the peak season, so low construction is not enough. And recently, some enterprises have received orders to prepare for the "Golden three" peak season.
How long will it take for the price rise to unwind? Crude oil has broken 100 on three occasions in past years, all three of which were related to geopolitical factors, and each of which was followed by a crash and then re-entered the right path. Therefore, the oil market is going to be very volatile. On the raw materials side, due to the approaching peak season, Raw material prices continue to climb with crude oil ultimately depends on the peak season orders can support.
After all, the current textile market is in a cautious state, orders are mostly issued in small batch mode, and the quantity of stock is also decreasing. Therefore, there is a lack of bright products in the downstream textile market, and the goods are generally in stock. Domestic garment enterprises also wait-and-see mood is strong, not after proofing is a long time to wait for small batch orders.
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