What difficulties will the textile industry face now?

First, there is insufficient demand. From the domestic perspective, from January to February, the retail sales of apparel, shoes, hats, and needle textiles above the domestic market limit fell by 31% year-on-year. Since March, a large number of export orders have been delayed or cancelled, and new orders have also been significantly reduced.

Secondly, the pressure on the industry to stabilize employment is increasing. The pressure of order reduction is being transmitted upstream along the industrial chain, which will have an impact on the normal operation of the textile industry industrial chain, and the employment situation of the industry tends to be severe.

The third is that the company reflects the shortage of funds. Affected by the decline in orders and refunds, the inventory backlog of raw materials and finished products of textile companies is increasing. Especially in the chemical fiber industry, due to the continuous production cannot be stopped, facing greater inventory pressure, the amount of funds is also increasing.

Shanghai Jinci Industrial Co., Ltd. was established in March 2006. It is a large entity company specializing in the production and sales of polypropylene (PP yarn). Its products include polypropylene general strength yarn, PP high strength yarn, polypropylene anti-aging yarn, and polypropylene twisting. Silk, PP hollow yarn, polypropylene fluorescent yarn, polypropylene luminous yarn, polypropylene flame-retardant yarn, polypropylene hollow variable yarn, etc.