The Textile Market Was Weak In September, And The Market Was Still In The Doldrums.
Entering the September, the textile market should be the busiest season, but this year's September is much less than the same period in previous years. Although it has changed slightly in the off-season, it has only been shown in the frequency of enquiry and the signing of small orders. Therefore, the overall performance of the market is still weak and the situation is developing. The main performance is: the spot price of domestic lint continues to decline, and raw material production enterprises mainly deal with inventory at this stage, and there is no sign of price rise in a short time. The market turnover atmosphere is light, and the demand for downstream terminal grey cloth is still weak. In addition, at present, new cotton is about to go on sale, and the market competition is fierce. The shipping status of the textile enterprises is still not optimistic, which leads to the market wait-and-see sentiment. Some factories prefer to shut down some machines without orders, and do not want to increase more inventory. Moreover, the 70th anniversary parade of National Day is about to begin, especially in Hebei and surrounding areas. A combination of various factors has led to many enterprises' lack of confidence in the market outlook and the difficulty of capital turnover. At present, the price of PET staple is slightly stable, but there are more bad news. And viscose staple fiber prices continue to decline, viscose manufacturers more losses, pure viscose yarn prices follow down.
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