Raw 100% Polyester Sewing Thread

Product Name:

polyester embroidery thread

Characteristics:

Polyester embroidery thread is made of polyester filament. The thread is of good glossy effect, low friction, uniform twist, low breakage and low chromatic aberration.

Product types: 108D/2, 120D/2, 150D/2, 150D/3.

On March 24, in order to contain the spread of the new crown epidemic, the Prime Minister of India announced the implementation of 21 day closure measures nationwide. India is an important import and export country of textile products in the world when the world's largest national blockade measures are implemented due to the new crown epidemic. In view of the long closure time and uncertainty of the outbreak of the epidemic in India, we need to pay attention to the impact on the world, especially China's textile products. Because this is the real "King bomb"!

India, the world's third-largest consumer of crude oil, saw its oil demand plummet by 70%

Oil demand in the world's third-largest consumer has plummeted by as much as 70%, according to refiners in India.

The figure clearly highlights the current challenges facing oil producing countries, which are haggling over production agreements in an attempt to revive the global energy industry. India's oil consumption for the whole month is likely to average only 50% of last year's level, according to refiners, given that the country's three-week national blockade is scheduled to end on April 15.

According to data compiled by Bloomberg, this is equivalent to an astonishing 3.1 million barrels per day decline in oil demand. The 10 million barrels per day reduction in production in the world's largest oil producer means that India alone will offset by a third.

"It's unprecedented and I've never seen anything like this in my life," said R.S. Sharma, former chairman of oil and gas, India's largest oil producer. "The market is very volatile and things will get worse," said Sharma, who led oil and gas companies during the 2008 financial crisis.

The scale of shrinking demand also suggests that India may plan to increase its strategic oil reserves. The country has only 15 million barrels of spare capacity in its strategic reserves. Speakers from India's oil ministry and state refiners Bharat Petroleum Corp. and Hindustan Petroleum Corp. declined to comment.

The blockade has dealt a devastating blow to fuel demand. India's three state-owned refineries account for more than 90% of the country's fuel oil sales. According to the people familiar with the situation, the refineries predict that gasoline demand will drop by 60% in April compared with the same period last year, and diesel demand will drop by 40%.

More than 50000 containers are stranded, and the peak period of contract breaking may come in late April

Under the influence of India's closure, India's trade, production, transportation (including shipping, shipping), exchange and other activities have declined or even been cancelled in more than two weeks.

According to statistics, as of early April, many ports in India had been closed and more than 50000 containers had been stranded. India's cotton processing and export, cotton gauze production and sales, clothing, foreign trade and other industries have been strongly impacted. Not only the start-up rate of textile and garment enterprises has declined sharply, but also the unemployment rate has been rising.

An Indian cotton exporter said that since late March, domestic cotton consumption demand and cotton exporters have simultaneously pressed the "pause button"; in addition, purchasing enterprises and retailers in Europe and the United States have cancelled orders or delayed shipment indefinitely, so the situation is getting worse step by step. It is hoped that the government departments will lift the measures of "sealing the country and the city" as soon as possible, so as to make cotton textile production and cotton yarn Export business returned to normal.

According to the investigation, some of the export contracts of cotton and cotton yarn are unable to be executed due to the sharp drop of India's state and cotton prices, and the contracts are actually broken; once the contracts can't be shipped and fulfilled before or after late April, the peak of contract breaking will come as scheduled.

Enterprises eager to unlock and lift the ban, I'm afraid it's just wishful thinking!

As an important import and export country of domestic textiles, although cotton, textile and clothing enterprises are eager to unlock and lift the ban, they are probably wishful thinking. The specific reasons are as follows:

First, the epidemic in India is accelerating to the slums, which may make the country another outbreak center in the world;

Second, the low and high testing standards and costs restrict India's expansion of testing coverage;

Third, migrant workers returned home and the spread of believers after religious gatherings, the scattered outbreak points and the lack of necessary medical conditions made the epidemic form a humanitarian crisis in India.

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