خلال موسم الذروة التقليدي، فإن انتعاش الطلب على صناعة نسج المنسوجات لا يرقى إلى التوقعات.

By convention, September marks the traditional peak season for the textile industry, during which textile enterprises typically stock up on raw materials and operate their machinery at full capacity. Enterprises had high hopes for a significant rebound in terminal demand following the G20 Summit. However, judging by the current year's situation, orders remain scarce, and the operating rates of weaving machinery have increased only slowly, dashing market expectations.

As the weather cools, although sales in the terminal finished fabric market are gradually picking up, they are primarily driven by the clearance of previous inventories. Consequently, weaving enterprises are still experiencing poor order intake, with overall operations remaining at a low level. After the G20 Summit, some textile enterprises that had been restricted resumed operations, but the overall recovery has been relatively slow. Some looms in these enterprises remain idle, lacking the hustle and bustle of full-capacity operations seen in previous years. The market holds little hope for the traditional "Golden September and Silver October" period. What factors are delaying the arrival of the textile peak season? The author believes that the following aspects should be analyzed:

Firstly, the slowdown in domestic economic growth and the sluggish global economy have directly impacted China's foreign trade sales. Meanwhile, the volatile exchange rate of the RMB this year has made textile enterprises hesitant to accept large or long-term orders for fear of incurring losses. The unfavorable external economic environment has worsened the export situation for the textile industry. From January to August 2016, China's cumulative exports of textiles and garments amounted to USD 178.337 billion, down by 3.33% year-on-year, with textile exports reaching USD 71.815 billion, a decrease of 0.50%. Many export-oriented enterprises have shifted their focus to domestic sales, increasing competition in the domestic textile market and posing a risk of closure for many small processing textile enterprises.

Secondly, the sharp rise in textile raw material prices has reduced the profitability of weaving products, dampening manufacturers' production enthusiasm. Influenced by the G20 Summit, chemical fiber raw materials such as polyester and nylon have increased in price. Stimulated by the rotation of state reserve cotton, cotton prices have soared, and viscose prices have also risen significantly, leading to a substantial increase in raw material costs. However, the prices of downstream textiles have failed to keep pace, unable to absorb the pressure from rising raw material costs. Coupled with the continuous increase in dyeing fees due to environmental protection policies this year, cost expenditures have risen further. Weaving enterprises, caught in the "sandwich layer" of the industrial chain, have seen a significant contraction in industry profits. Currently, manufacturers primarily focus on completing regular orders, with few new orders being added. Given the low production profits, manufacturers' enthusiasm for production is low, and most are waiting for an improvement in the market outlook.

Thirdly, the persistent pressure of high inventory levels in enterprises has made it difficult for the weaving industry to recover from weak demand. The biggest issue in the current terminal market is the lack of orders, with textile enterprises generally reporting fewer orders, resulting in slow inventory reduction for weaving enterprises. Textile raw material manufacturers also have high inventory levels, leading downstream factories to adopt a cautious approach to raw material procurement, primarily purchasing based on immediate needs. Under the pressure of high inventory levels of regular products, enterprises mostly produce based on orders, resulting in a high idle rate of looms and significantly dampening production enthusiasm in the weaving industry.

In addition to the aforementioned factors, tight capital chains, long payment collection cycles, severe product homogenization, and market oversupply are also contributing to the long-term downturn in the textile industry. Coupled with the pressure from supply-side policies and increased environmental protection efforts this year, many weak small and micro enterprises are facing survival challenges. Currently, the textile peak season has yet to commence, with overall demand recovery being relatively slow and the increase in weaving industry operations limited. Industry participants are gradually adopting a stable mindset, waiting to see how demand recovers in the later stages.