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Weekly Quotes | The domestic delivery time market is loose, and ordering activities are held in high demand

2023-06-04 来源：金绒浏览量：1446

summary

The overall market has remained stable this week, with the price of white duck feathers and down slightly decreasing.

Although the settlement price of duck feather in May has significantly decreased, it is still higher than all months last year. At the same time, considering factors such as a decrease in the down content of raw wool, the down market overall remains in a horizontal consolidation state. However, it is currently the delivery time for domestic sales, and the market has become more relaxed. Activities such as ordering meetings and supply chain docking for down jackets are also quite active.

As the temperature gradually increases, the difficulty of raising ducks and the cost of raising them also increase simultaneously. As for the production of duck seedlings, the overall trend of decrease is obvious, and the industry estimate has dropped below 10 million feathers per day, corresponding to downstream production capacity, which is in a tight supply state.

The manufacturing Purchasing Managers'Index (PMI) of the United States in May was 46.9, and this index has been below the boom and bust line for seven consecutive months, indicating that the manufacturing industry has continued to decline, and the decline in orders has been felt throughout Asia. In addition, the federal government of the United States debt ceiling bill is expected to pass, but analysts warn that this may lead to a sudden depletion of market liquidity.

Monday: The price of white duck down fell

Exchange rate of USD to RMB: 7.0575

Tuesday: Prices of all categories are flat

Exchange rate of USD to RMB: 7.0818

Wednesday: Prices of all categories are flat

Exchange rate of USD to RMB: 7.0821

Thursday: Prices of all categories are flat

Exchange rate of USD to RMB: 7.0965

Friday: Prices of all categories are flat

Exchange rate of USD to RMB: 7.0939

good news

After the Canton Fair, orders changed from "intention" to "formal"

Less than a month after the end of the 133rd China Import and Export Commodity Fair, foreign trade enterprises in Jinjiang began a new busyness, busy receiving and arranging orders. Start the "order harvesting" mode from "intention order" to "formal order".

"As of now, our orders have been arranged until September and we have received over 8 million product orders, with a conversion rate of over 20% for intended orders. "Xu Yongzhu, Vice President of Business at Qicai Fox Clothing and Weaving Co., Ltd., said that the conversion rate has really exceeded expectations. In recent years, the Canton Fair usually has a basic conversion rate of no more than 5% until the end of May.

The Colorful Fox, which mainly focuses on orders from Europe and America, has received most of its orders from countries and regions such as Mexico, the Middle East, and Russia at this Canton Fair.

At the third phase of the Canton Fair, Yuying Clothing exhibited a rich product line, such as wool sportswear, woven jackets, down jackets, knitted products, etc.

"Currently, there are more and more comprehensive types of brand customers, and they will need products of different styles and categories in a quarter. We can meet customer needs by expanding or integrating clothing categories, or by innovating fabrics as a supporting supply chain for customers. "Chen Qiping, General Manager of Yuying Clothing, said that by deeply exploring customer needs and innovating around industrial belts, we can smell more business opportunities.

Chen Qiping introduced that in the past, the lead time was around 70 days. Nowadays, many brand orders require around 20 days of shipment to meet market demand and reduce inventory, and then make up orders based on market sales. This order model has high requirements for the supply chain responsiveness of enterprises and the local industrial chain matching.

In the off-season of textile industry, orders for this project continue to increase

Entering the traditional textile off-season, orders continue to decrease, and the US debt default has had a very serious impact on the global economy. The clothing orders in the export market are significantly lower than the same period in previous years, and end brands are mainly digesting the accumulated inventory of clothing.

But there is one project with continuous orders, which is hotel orders, and it will continue until July! As is well known, hotels consume a large amount of textiles, from curtains and bedding to towels, bathrobes, and carpet fabrics, and due to frequent cleaning, the lifespan of these textiles is much shorter than that of household use.

This year is the first year since the epidemic was lifted, and the recently passed May Day holiday has been hailed as the hottest "May Day" holiday in the past five years. "Full room" and "high price" have become keywords in the accommodation industry, and many popular cities are already struggling to find a room before the holiday. The number of homestay bookings has also increased by more than four times compared to the same period in 2019.

The popularity of hotel accommodation means that the consumption of linen is accelerating. Therefore, many hotels are updating a wave of textiles before the end of May Day and the peak summer tourism season. Firstly, in order to provide tourists with a better accommodation experience, and secondly, as it is currently the off-season in the textile industry, procurement prices will be more cost-effective.

Significant achievements in the joint ordering meeting for down jackets

On May 28th, under the guidance of the Pinghu Municipal Bureau of Commerce, the "Pinghu Goods for National Sale" and the 2023 Pinghu China Clothing City Original Strict Selection Down Coat Joint Order Conference, organized by Pinghu China Clothing City and co organized by Pinghu Clothing Brand Exchange Association, successfully concluded. The total transaction volume during the event exceeded 70 million yuan.

Customers from all over the country gathered together at Pinghu · China Clothing City. A total of 43 high-quality original down jacket manufacturers participated in this order meeting, welcoming the arrival of batch collectors with a trendy and innovative attitude, and launching the new and heavyweight products throughout the venue.

Zhejiang Tianyan Weizhen Network Technology Co., Ltd. has organized a private channel procurement team, inviting community group buying platforms, WeChat store leaders, and community group buying from all over the country. Various private channels are searching for high-quality down jacket products on site and have achieved significant ordering results.

In this order meeting, the organizer conducted strict identity verification on all the buyers who came to the clothing city to ensure the authenticity of the information. At the same time, all buyers who entered the venue were required to wear anti camera phone cases, strictly protect the design and copyright of the new original down jacket, and prevent plagiarism, imitation, and other behaviors.

The clothing supply chain's new product display and docking meeting was held enthusiastically

On May 31st, the China (Shengze) Clothing Supply Chain New Product Exhibition and Matchmaking Conference was held with the theme of "Chain takes the lead and cloth wins". Nearly a hundred high-quality fabric enterprises are showcasing their technological functions, fashion and creative clothing fabrics on site. Famous enterprises such as Bosden and Huimei Fashion also share industry standards, fashion trends, brand development, and other exciting experiences.

One after another, clothing brands and professional buyers went straight to the theme, paying special attention to lightweight fabrics, especially products used for autumn and winter clothing surface accessories.

There are multiple manufacturers specializing in ultra-thin cotton clothes and down quilting technology on site. The brand leader who came to purchase directly took photos and sent them back to the designer to inquire whether new product development is applicable. At the same time, the manufacturer asked the brand about the new product pattern in reverse and also had to provide feedback to the factory to set a schedule.

As the final guest to share the theme, Chen Baishun, Director of the Supply Chain Research and Technology Center of Bosden Group, focused on the topic of "Development and Prospects of Down Clothing Product Technology", focusing on the latest progress of the enterprise in the down clothing industry and technology development, down clothing technology breakthroughs and prospects, and down jacket standard updates.

bad news

The United States is reviewing the "301 Tariff" and the exemption for down and its products is facing expiration

Recently, Chinese Minister of Commerce Wang Wentao went to the United States to attend the APEC Trade Ministers' Meeting, during which he met with US Minister of Commerce Raymond and US Trade Representative Dai Qi respectively. China has raised concerns about key issues such as the US economic and trade policy towards China, Taiwan related issues in the economic and trade field, the Indo Pacific economic framework, and the 301 tariff.

Later, according to Reuters, US Deputy Trade Representative Bianchi said that the US government was reviewing whether to continue to impose tariffs on Chinese goods to decide whether to partially or completely cancel tariffs.

According to Article 301, after four years of the first imposition of tariffs, a review process must be conducted for the implemented tariffs. The review procedure was issued in May last year. Bianchi refused to disclose when the review would be completed, but she said that "it is' reasonable 'to complete it in 2023".

Four years ago, the Trump administration, under the pretext of "national security," invoked the "301 clause" to impose tariffs on Chinese imports. However, tariffs often push up domestic prices in the United States. US Treasury Secretary Yellen has pointed out that lowering certain "non strategic" tariffs will have the effect of "suppressing inflation".

At the end of 2022, the Office of the United States Trade Representative (USTR) announced on its official website that the exemption period of 352 goods imported from China that were exempted from additional tariffs in March 2022 would be extended for another nine months from the end of 2022 to September 30, 2023.

This includes three products: "0505.10.0050 filling feather", "0505.10.0055 filling down", and "9404.90.1000 cotton pillow filled with duck or goose down".

Vietnam's manufacturing industry continues to experience a cold wave, indicating that global demand has not reached a turning point

Vietnam's export contraction is still ongoing, indicating that there has not yet been a turning point in the global demand downturn. According to data from the Vietnamese Bureau of Statistics, Vietnam's imports contracted by 18.4% and exports contracted by 5.9% in May, marking the fourth consecutive month of decline. In the first five months of this year, Vietnam's exports have decreased by 11.6%, while imports have shrunk by 17.9%.

In addition to a decrease in orders, the decline in commodity prices is also one of the factors contributing to the decrease in export transactions. In the past five months, textiles, fibers, fabrics, and raw materials have decreased by 19-38% year-on-year (equivalent to over 3 billion US dollars), and the market signal remains very bleak.

At present, although it has entered the mid to late second quarter, which is a peak season for orders in multiple industries such as furniture, textiles, leather, and footwear, there is no sign of improvement in the export market, which is the main reason for factory shutdowns or layoffs.

Vietnam's Deputy Minister of Planning and Investment, Chen Guofang, stated that due to the efforts of trading partners such as the United States, the European Union, and Japan to cope with economic slowdown and declining demand, Vietnam's processing and manufacturing industries experienced a significant decline in the first quarter. It is expected that the Vietnamese economy will continue to face trade pressure for the rest of this year.

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