Epidemic Situation: Bankruptcy And Reorganization Of A Large Number Of Famous Brands In Europe

Epidemic report

According to the real-time statistics of worldomers, as of 07:06 on December 5, Beijing time, 66.17 million new coronavirus cases were confirmed worldwide, 640938 cases increased to 66167880 cases, 1.52 million cases died and 11681 cases were newly added. The number of countries with more than 100000 confirmed cases worldwide has increased to 67. There are 14 countries with more than 1 million new crown confirmed cases and 3 countries with more than 100000 new crown deaths, namely the United States (280000), Brazil (170000) and India (130000).

Domestic focus

China Light and Textile City: the variety of creative woolen fabrics in winter and spring increases

Recently, local transactions of woolen fabrics in the traditional market of China Light and textile city continue to increase, the variety of dynamic sales increases, the marketing of creative fabrics in winter continues to be active, and the creative fabrics in spring get the first place, and the market highlights are frequent. The number of woven woollen fashion fabric hanging samples on the market increased partially, medium and thin fabrics interacted with medium and thick fabrics, the spot market increased locally, and the volume of spot transactions was both large and small. The order delivery of some counterpart varieties increased, and the number of transactions in recent days increased. The transaction volume of creative fabrics in winter and spring continued to rise, popular color fabrics continued to increase, and new color and color fabrics were constantly introduced The increase in turnover increased. The price is basically stable, the unit price of some new style and creative fabrics has risen slightly, and the value-added products have been boosted.

PTA high open downstream bargain buying, polyester filament production and sales rose sharply

On December 4, due to the recent rise of PTA driven by international oil price, the cost pressure of polyester filament was highlighted. Downstream companies borrowed the opportunity of low price of polyester filament to buy, which coincided with more preferential promotion from manufacturers, which stimulated a wave of market. As of the same day, the mainstream production and sales of the factory were 271.9% (20-600%). Before that, production and sales were 47.6% (0-140%). Production and sales in Jiangsu and Zhejiang are estimated to be around 350% (130-700%). Short fiber production is estimated to be about 200% on the same day.

PTA price rises sharply, viscose staple fiber quotation deadlock

According to the price monitoring of the business agency, on December 4, 2020, there are 6 kinds of commodities in the list of commodity price rise and fall, with PTA (3.20%), nylon POY (1.02%) and nylon DTY (0.41%). There was a total of 1 kind of commodity decreased on a month on month basis, and the decline product was viscose staple (- 0.39%). The average daily rise and fall was 0.29%. The textile index on December 4 was 741, up 2 points from yesterday. Textile market fell in November, viscose rose to a high level after holding prices for shipment. With the digestion of existing orders, new orders can not keep up with, manufacturers generally allow profits to ship, the quotation rate may be reduced.

Keqiao is committed to creating the source of modern textile technology innovation

Yesterday afternoon, the regional science and Technology Innovation Conference and the launching ceremony of modern textile Jianhu laboratory were held in the Oriental Milan International Fashion publishing center. The conference reviewed the scientific and technological innovation achievements of the whole region, commended the advanced and strive for excellence. It was required to take the construction of modern textile Jianhu laboratory as a new starting point. The laboratory will face the forefront of textile science and technology in the world, gather more than 10 top textile scientific research teams at home and abroad, and build three key research projects, namely, fiber collecting materials and preparation technology, textile molding and green creation, textile equipment and intelligent manufacturing Direction, as well as a public innovation service platform as one of the emerging research and development institutions. Finally, a national level modern textile industry innovation platform with "domestic first-class and world leading" will be built, and the laboratory will become the source of modern textile technology innovation and the innovation engine to promote the transformation and upgrading of traditional manufacturing industry.

Global focus

OPEC + reached flexible adjustment negotiation, international oil price is expected to hit 50 level

Recently, OPEC + has proposed to allocate production quota flexibly every month according to the situation, so as to alleviate internal differences and market concerns. On the whole, the market turned to risk preference, and the overall market value of global stock markets rebounded significantly, which promoted the rise of oil prices. U.S. WTI crude oil futures rose 98 cents, or 2.16%, to $46.26/barrel, while Brent crude oil futures rose $1, or 2.07%, to $49.25/barrel. However, the recent outbreak of the epidemic has limited the rise of oil prices. For example, the capacity of intensive care units in American hospitals is overloaded. California and Los Angeles are implementing home orders, closing market economic activities, and reducing crude oil energy demand to a certain extent. The trump administration's blacklist of oil giant CNOOC is a precedent, and the prospect of China's import of overseas oil also brings uncertainty.

The epidemic situation made the clothing industry worse, and a large number of famous brands in Europe went bankrupt and reorganized

Arcadia group, the parent company of the British fashion brand Topshop, filed for bankruptcy on November 30, according to the Figaro newspaper, citing foreign media reports. According to the Paris daily, the management of the French company of H & M, a famous Swedish fast-selling clothing brand, issued a notice to the trade union at the end of October, saying that it would negotiate with the trade union within the restructuring plan. Elodi Ferrier, National Secretary of the French Federation of trade unions (CGT) in charge of clothing and footwear, recalled that in 2020, the clothing industry had launched a large number of bankruptcy and layoffs and other social plans, including the closure of the flagship store of the Champs Elysees in Paris by gap, the French vivarte group and Orchestra, damart and NaF NaF, camaeu, Promod, Andr é and other textile, clothing and shoe brands have announced restructuring and layoffs.

Vietnam's textile and clothing export volume is expected to exceed 35 billion US dollars in 2020

According to foreign media reports, Vietnam textile and clothing association (vitas) president Wu Dejiang said at a press conference recently that in 2020, affected by the new crown pneumonia epidemic, Vietnam's textile and clothing export volume is expected to reach 35.27 billion US dollars, down 9.29% year-on-year. Wu Dejiang said the RCEP agreement may bring more opportunities to Vietnam's textile and clothing industry. It is estimated that in 2021, if the world can successfully control the epidemic situation in the first quarter, Vietnam's textile and clothing exports are expected to reach 37 billion to 38 billion US dollars, a slight increase over the same period last year.

Canada's imports of knitted fabrics will drop by 14.70%

According to Statistics Canada, from January to September 2020, Canada's knitwear imports will be 127.27 million US dollars, a decrease of 14.70%. China is Canada's largest exporter of knitted fabrics, with an export volume of US $41.44 million, a year-on-year decrease of 11.5%. China's share of imports in Canada has risen from 30.40% in 2019 to 32.87% in 2020, and that share is collapsing.