Recently, a small number of companies have begun to enter holiday mode, and some manufacturers are still producing normally. It’s mid-January, the Spring Festival holiday is getting closer, the market is coming to an end, and the market has stabilized.
Orders have arrived after the new year
Most companies have received orders after the Spring Festival, and some have already started production. The placement of many spring and summer orders will also make textile companies more confident that the market will improve after the year.
Mr. Weng, who is mainly engaged in pongee fabrics, said: “December orders can basically be completed by the holiday on the 22nd. We will stop taking orders in January, but many customers have already said hello and will place orders when construction starts next year.”
Mr. Xue, who specializes in T400, T800, SOLOTEX, SOLONA and other elastic fabrics, said: “Orders after the year have already been put into production.”
Mr. Shen, who specializes in satin and stretch fabrics, said: “We have received orders for the year after the new year. Recently, the factory is still rushing to stock up on spring and summer fabrics. When production resumes after the year, the inventory will be sold.”
At present, as the market stabilizes and companies enter holiday mode due to the Spring Festival, the operating rate of Shengze area is also showing a downward trend. From the Shengze Index of the Ministry of Commerce, it can be seen that the current weaving operating rate of Shengze area has dropped slightly to around 40%.
Good collection of receivables
2021 will be a tortuous year for textile people. The dyeing factory will close its warehouse if it says it will burst, and the cooperative manufacturers will stop work if they say it will stop. The waiting for the “Gold Three Silver Four” and “Gold Nine Silver Ten” are always too late. One step at a time. When we asked companies about the recovery status of their receivables during early visits and surveys, many companies responded that recovery was difficult and would be delayed compared to previous years because the market was not strong. Recent surveys have found that foreign trade companies have less pressure on repayment, and other companies are also currently in good condition for repayment.
Mr. Weng, who is mainly engaged in pongee fabrics, said: “When we do foreign trade orders, they are basically all in cash, and there is nothing outstanding, so there is no pressure.”
Mr. Xue, who specializes in T400, T800, SOLOTEX, SOLONA and other elastic fabrics, said: “Most of them have been paid back.”
Mr. Shen, who specializes in satin and elastic fabrics, said: “The payment collection situation is good, and there are no serious arrears from old customers.”
Will workers’ wages rise again?
According to interviews and surveys, it is found that the start of construction after the new year is not much different from previous years. Most companies choose to start construction on the eighth day of the lunar month. The epidemic situation is stabilizing, and there is hope that foreign trade will improve. However, some companies also said that the problem of labor shortage is still prominent.
Mr. Xue, who specializes in elastic fabrics such as T400, T800, SOLOTEX, and SOLONA, said: “Work will start on the eighth day of next year, and there is a shortage of work now.”
Mr. Shen, who specializes in satin and elastic fabrics, said: “Work will start on the eighth day of next year, and the shortage of workers is serious. Local employees have the holiday on March 25, and they are also working overtime recently.”
Some companies said that the problem of labor shortage is less likely to exist in their company. Mr. Weng, who is mainly engaged in Chunya Textile, said: “Work will start on the eighth day of next year. There is no shortage of workers now. 90% of our factory are local workers, which is very stable.” , have been doing this for 89 years.” As for how to retain employees, Mr. Weng also said: “The workers are stable and not very mobile, so there is no need to recruit workers. Next year’s salary has been notified that it will increase by 800-1,000 yuan/month. . Precisely because we offer high wages, we can retain workers and it is very stable.”
Other companies that are short of workers said they would also raise wages to recruit workers after the year.
Mr. Xue, who specializes in elastic fabrics such as T400, T800, SOLOTEX, SOLONA, etc., said: “We are already recruiting workers. The salary will follow the market. If the market is good, it will be raised.”
Mr. Shen, who specializes in satin and stretch fabrics, said: “There is no plan yet. The salary depends on the market. If the market is good, it will definitely be raised.”
Most companies are optimistic about the market situation after the year, especially in foreign trade. The editor also hopes that the textile market will get better and better in the next year.
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