In the coming April and May of the new cashmere market, although the price of the new cashmere is not yet finalized, the signal of price decline is already very clear. According to the latest release of the supply and demand report, the global cashmere oversupply in the past year, and the ending stocks continued to hit a record high. At present, over 60% of China's cashmere products are sold abroad. Many cashmere enterprises in China have long exports, sell at a low price, and the economic downturn in developed countries and foreign companies have pushed prices down, which has caused cashmere prices in the international market to fall again and again. It is understood that foreign processing orders are very thin profits but the requirements for product quality are very harsh, and long-term OEM production, relying on foreign orders barely maintain the company is difficult to participate in the fierce sales competition led by its own brand, In the past few years, domestic orders for cashmere products have been greatly reduced. With the reduction of international orders, deep-processing enterprises of cashmere and raw materials are also more cautious in the acquisition process. Since inventory of cashmere raw materials in local areas is relatively sufficient, in the past, the situation of selling cashmere at a high price to sell to cash-strapped companies for the purpose of implementing foreign orders will not occur. Reappear. In recent years, sales of domestic cashmere apparel have also been very calm. Cashmere processing companies are trying to find a way out in improving product quality, adjusting sales model and layout, and establishing and promoting new brands. However, it is difficult to change this situation in the short term. . In addition, some traditional OEM companies and small and medium-sized cashmere yarn production companies have also been shut down due to sluggish sales, and even closed down, resulting in a large backlog of cashmere raw materials, facing the situation difficult to clean up inventory. There are also some companies that are not reluctant to acquire, but have no funds to acquire. The profitability of cashmere processing enterprises is not satisfactory, and the credit financing environment of banks is not relaxed, and corporate loans are not funded, so the progress of acquisitions is also correspondingly slowed down. Sequin Fabric,Sequins Fabric,Sequin Cloth Material,Sequin Dress Material SHAOXING KAIMING TEXTILES CO.,LTD , https://www.kaimingtextiles.com
The cashmere market is in a bear market and prices fall
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