Affected by The War, The Price of Textile And Garment Raw Materials Continues to Rise

Rising prices have swept through nearly every raw materials industry this year. The price of cotton yarn, staple fiber and other textile raw materials has risen all the way, and the price of spandex is several times higher than the beginning of the year. Since late June, cotton started a new round of rising, up to now the cumulative increase of more than 15%; Since October, polyester filament DTY has increased by nearly 2000 yuan/ton, testing the stable production and marketing situation of the textile industry.

Price increased

After the Spring Festival, russia-Ukraine relations once became the focus of the market, and became the dominant factor of crude oil, raw materials and so on. The relationship between Russia and Ukraine is tense, and its influence on the textile market has become the focus of much attention.

It is understood that the current situation of foreign trade orders in the market is general, weaker than domestic orders. As we all know, before the Spring Festival, foreign trade orders have improved significantly, and once became a hot market. But after the opening of the year, the upward momentum weakened and seemed to return to last year's calm.

"Most of the foreign trade orders are metal zippers," said Wang, a raw material sales manager. But the current order situation is not very good, even worse than last year. Because of the War between Russia and Ukraine, the price of crude oil rose, the cost of alloy rose, and the profit fell. Foreign clients feel the situation is unstable and have to sit on their hands."

The current global pattern is tightening, due to the impact of falling demand on surrounding energy prices, the uncertainty and volatility of the textile industry may intensify. Enterprises said that the order quantity is small, the price of conventional products is difficult to raise, spring and summer fabrics rise range of 2-3 wool in general within the interval. Raw material trader Le Zong said, "The price of Sewing thread has risen recently, mainly for differentiated products. Now the market is more small single, less large single, a lot of inventory pressure. Many of this year's spring and summer fabrics were consumed from last year and the year before, so demand is still difficult to improve."


Post time: Mar-07-2022

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