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Fabric asking price increase larger
China Textile City officially opened yesterday, and from the very first moment, foreign inquiries and phone calls started coming in one after another, creating a buzz around the market. Before the official opening, the focus was on cleaning up the area, arranging the main entrance, and preparing a few shops to open early. The timely return of freight trucks also played a key role in getting things ready on time.
Inside the market, some stores that had previously done well were already setting up their displays—moving tables and chairs, hanging sample fabrics, and making calls or scheduling appointments with customers to celebrate the New Year. Calls from buyers across different regions came in intermittently, with some still ongoing late into the night.
This year, the Spring Festival is expected to be later than usual, which means the textile industry—from weaving to processing—will start a bit later. As a result, the supply chain is currently experiencing some delays, making it difficult to distribute fabrics efficiently. Therefore, most fabrics are still following last year’s trends, with new price levels gradually emerging.
According to Wang, who specializes in producing filament products for the public, he just received a call from a customer in Hebei. Since the weaving process hasn't started yet, the freight trucks are still not in operation. When manufacturers finally begin delivering, the cost per meter of fabric is around 4.50 yuan. Adding expenses for printing and dyeing, the actual cost exceeds 5.00 yuan per meter. Considering their own profit margin, it's hard to sell below 5.20 yuan per meter. Comparing this to the prices at the beginning of last year, the increase is at least 0.40 yuan per meter, or about 1.00 yuan per meter compared to the same period last year.
The market is showing signs of a slow but steady recovery, with demand still strong despite the seasonal delays. Buyers are willing to pay more for quality fabrics, and suppliers are adjusting their pricing strategies accordingly. It's an exciting time for the textile industry, and the opening of China Textile City has definitely brought renewed energy and optimism to the sector.