Jiangsu Textile Enterprises Run Smoothly In The Second Half Of 2018, Profits Decline, Confidence In The 19 Year Market.

The Sino US trade negotiations, which will be held at the end of January, have released a good signal. According to foreign media reports, the United States is considering cancelling and lowering Chinese tariffs. Of course, the information has not yet been officially recognized. It is clear that the market still wants to see progress in the two countries' negotiations.

Affected by this, the pain in the early stages of the textile industry is also gradually easing.

According to Jiangsu textile enterprises, in 2017, the production and operation of enterprises is still available, the receipt of the case is better, and the sales remain normal.

But in 2018, especially after October, when Sino US trade relations became more and more intense, not only the enterprises' orders declined, but also the profits decreased significantly.

At present, the raw materials of enterprises are basically bought and used, and the inventory of some enterprises is maintained for about 2 months.

According to the national cotton market monitoring system, the survey of purchasing intentions in early January showed that 64.6% of the enterprises preparing to purchase cotton, down 6.6 percentage points compared with the same period last year, accounting for 30.5% of the wait-and-see attitude, up 4.1 percentage points from the same period last year.

The yarn production and sales rate of the enterprises surveyed was 92.6%, down 1.8 percentage points year-on-year, and the inventory was 19.8 days, up 1.3 days compared with the same period last year.

Cloth production and sales rate was 96.9%, up 6.2 percentage points year-on-year; inventory for 32.2 days sales, down 12.7 days.

From the above data and field understanding, although the production of enterprises in the second half of 2018 decreased year by year, they basically maintained normal production and operation, and were confident in 2019.