The new “Delta” mutant strain has ripped through the “anti-epidemic” defenses of many countries. The total number of confirmed new cases in Vietnam has exceeded 240,000, with more than 7,000 new cases on a single day since late July, and Ho Chi Minh City, the largest city and economic hub, has become the center of the outbreak.
As a result of the epidemic, Vietnam’s production in August has been “extremely difficult”, especially for the southern region where up to 90% of the production chain has been broken and only 70-80% of garment and textile enterprises in the north are still operating. The pressure of delivery during the epidemic is a big challenge for garment and textile companies, if they can not deliver on schedule, their customers will cancel orders, which will affect the production of this year and next year.

Delta variant of the virus under the ravages of Southeast Asia, is currently hit hardest by the epidemic in the region, seven Southeast Asian countries have been hit hard by industrial output, hit the largest contraction since May last year, in addition to Vietnam, Indonesia and Malaysia’s recent situation is not optimistic. Indonesia’s latest outbreak report on August 11 local time shows that 30,625 new confirmed cases of New Coronary Pneumonia were added in the past 24 hours, with a cumulative total of 37,494,446 confirmed cases. The number of confirmed cases in Malaysia has exceeded 20,000 in a single day and the cumulative number of confirmed cases is over 1.32 million. About 1.2 million Malaysians are currently unemployed, and the Malaysian government’s plan to gradually restart production activities when the number of cases drops below 4,000 per day still seems to be out of reach.

These countries are important exporters of textile production, the epidemic has hit their production hard, part of the textile orders from these countries to our country became possible. But the transfer of orders at the same time also brought huge risks, since the outbreak of the new crown virus abroad, the impact of the inability to take orders, unable to ship domestic foreign trade enterprises in the minority.

  For the domestic market why the spandex fabric market continues to be hot, an industry insider said to reporters that the reasons are multiple. One is that since 2020, the global market demand for masks has surged, and spandex fabric filament is an important raw material for the production of mask Mask ear rope. Driven by this demand, China’s poly spandex fabric market was once a hot market of oversupply. Second, the epidemic also made indoor sports more concerned, the market demand for yoga wear, sportswear and other products increased faster, and the demand for poly spandex fabric as an important raw material also increased. Third, since this year, the global epidemic is still spreading, many Southeast Asian countries’ textile orders transferred to our country, also to a certain extent has increased the market demand for poly spandex fabric. In addition, in the fabric products, the composition of spandex fabric content is relatively small, and spandex fabric is not convenient for a long time storage, which also to a certain extent restrict the downstream enterprises to purchase spandex fabric in large quantities, so that the current market inventory level of spandex fabric products is at a historically low level.

  Talking about the next overall development trend of the spandex fabric industry, the above-mentioned industry insiders said that, as the market is now widely used in the elastic fiber, spandex fabric products have a strong vitality, the future development prospects are still promising. Along with the continuous development of the industry, China’s spandex fabric industry has shown two major features: First, the capacity to accelerate the “head” enterprises gathered, their capacity scale, technology, research and development, capital, talent and other comprehensive competitive advantages continue to strengthen, small and medium-sized enterprises face greater competitive pressure, the next step in the industry reshuffle will be inevitable; Second, the The trend of production capacity transfer to the central and western regions is obvious. Regardless of when the high spandex fabric prices will fall back, but these two characteristics will be increasingly obvious next.

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