Weaving Industry is Poor Performance in China

After the purchase orders before the weaving industry is poor performance, due to the purchase of raw materials have been unprofitable at present after the pre-orders. Xiao Shao region the circular machine back orders sharply. Jiangsu and Zhejiang operation rate decreased to 70% of the loom, the fabric stocks of weaving factory increased slightly, most operations have been a loss. Downstream processing bombs, warp knitting machines, water jet loom in November new orders declined from the previous month. Despite the weaving of the downstream demands from cover requirements since the end of the invoice in a certain, but overall, the downstream power loom rate haven’t significant recovery, it seems bearish than bullish in the short term.