The Textile Off-season Is Not Light, And The Starting Point Of Weaving Is At A High Level During The Same Period

  Following the rapid growth in winter textile sales during the 2023 "Double 11" season, "Double 12" also experienced a round of replenishment market due to sudden temperature drops and other reasons, resulting in an increase in winter fabric turnover; The "ice and snow economy" during the New Year holiday has also to some extent catalyzed an increase in sales of outdoor sports equipment; At the same time, there are signs of a rebound in foreign trade orders towards the end of the year, and textile inventories are experiencing a more significant depletion.
  As of January 4th, the inventory of domestic raw fabric sample enterprises was around 32 days, far lower than the same period in previous years. It can be seen that the sales of textiles in the winter of 2023 are showing signs of recovery, and it is precisely the destocking of enterprises that has to some extent ensured the current operating rate of weaving enterprises. At present, the operating rate of domestic weaving enterprises remains above 70%, exceeding market expectations. Usually one month before the Spring Festival, the domestic weaving production rate will gradually show a downward trend, with a rapid decline around 10-20 days before the Spring Festival. However, the performance in 2023 is relatively different. Currently, domestic weaving enterprises have not shown a significant decline, and some enterprises that were originally scheduled to stop work in mid January 2024 have postponed their plans to stop work around January 20-25. It is expected that the comprehensive weaving start-up rate will remain around 70% in mid January, and on January 25th, the comprehensive weaving start-up rate may decline to around 40%.
  It is reported that although the sales of winter fabrics have come to an end, with the gradual launch of spring textiles, terminal spring textile orders have also been issued. As of the end of December 2023, the number of order days for weaving sample enterprises has reached around 18 days, showing a slight recovery compared to November. Considering the current decline in inventory of terminal clothing enterprises, the market has a positive expectation for textile and fiber orders in spring.