Recently, on the eve of the Chinese Lunar New Year holiday, as merchants from both northern and southern regions gradually vacated the traditional market at China Light & Textile City, the consolidated freight forwarding market had already shut down entirely. Fabric transactions showed a marked decline, and some small- and medium-sized retail outlets promptly sold out their winter stock in batches, focusing primarily on settling accounts, clearing outstanding debts, and collecting overdue payments. Once they’ve completed their debt-clearing tasks, these businesses are now planning which products to bring onto the market and mapping out their marketing schedules for after the Spring Festival reopening. By the afternoon of January 22 (the 23rd day of the 12th lunar month), just before the market’s closure, transaction volumes had noticeably dropped, and there was a significant increase in stores that opened late and closed early. Some small-scale retailers, facing sluggish business, had already closed several days ahead of schedule. Meanwhile, renovations of retail outlets have become noticeably more frequent.

Recently, textile enterprises have continued to wrap up their final tasks, but demand has remained sluggish, leading to an overall decline in order follow-up compared to the previous month. As most grey fabric manufacturers have already halted production and gone on holiday, and many small- and medium-sized weaving mills have also taken time off, the overall operating rate of weaving machines in the Yangtze River Delta region has dropped significantly, resulting in a localized decline in subsequent order intake. In recent times, as the Lunar New Year’s end-of-year market closure date draws near, marketing activities have noticeably contracted. Orders from grey fabric manufacturers have declined month-on-month, with winter fabric orders continuing to drop and spring orders showing a month-on-month contraction as well. Actual transaction volumes have fallen month-on-month, and grey fabric prices have also declined month-on-month.

　　Recently, as the winter market nears its end, transaction volumes have declined. In the traditional markets of the Light and Textile City, sales of winter-weight fabrics continue to shrink, and overall winter market activity remains sluggish in certain segments. Spot transactions of mainstream fabrics continue to fall short of demand. Winter spot transactions for mass-market fabrics have partially contracted, and spring fabric orders have dropped compared to the previous month. Overall, as the Lunar New Year holiday approaches and trading venues prepare to close, shipments on credit have noticeably decreased. Many small- and medium-sized businesses have already closed down or suspended operations, leading to a significant drop in market turnover in recent days. Specifically, prices and volumes of pure cotton fabrics, polyester fabrics, polyester-cotton fabrics, polyester-wool fabrics, polyester-viscose fabrics, polyester-nylon fabrics, polyester-spandex fabrics, viscose fabrics, nylon fabrics, nylon-cotton fabrics, and linen-viscose fabrics have all fallen unevenly.

　　Recently, sales in the home textile market at the Light and Textile City have seen a month-on-month decline in localized transactions, with prices experiencing a slight drop compared to the previous month. As the Lunar New Year holiday approaches and the market prepares for closure, sales at the Light and Textile City’s home textile sector have declined month-on-month. The volume of orders placed for fabrics featuring popular colors and patterns has also decreased compared to the previous month. Sales of readily available stock and order shipments for high-volume products have both fallen month-on-month, with transaction volumes dropping significantly in the run-up to the market’s closure. Specifically: sales of curtains have declined month-on-month, with prices showing a slight downward trend; spot sales and order shipments of window screens have both contracted month-on-month, and prices have also shown a slight downward trend.

　　As per past practice, the traditional trading area of the China Light and Textile City began its closure at 5 p.m. on January 22 (the 23rd day of the 12th lunar month) and will reopen at 8 a.m. on February 5 (the 8th day of the 1st lunar month), for a total closure period of 13 days. As per past practice, the traditional trading area of the Light and Textile City started sealing off the premises from the afternoon of January 22 (the 23rd day of the 12th lunar month). Recently, there has been a noticeable increase in holidays taken by small and medium-sized weaving mills, leading to a significant decline in their operating rates. The number of weaving, printing, and dyeing enterprises that have gone on holiday is growing day by day.

　　The trading atmosphere in the weaving market has明显 declined, with an increasing number of weaving factories halting operations. Some migrant workers have already returned home ahead of schedule. The festive mood in the weaving market is growing stronger, and most weaving factories have now ceased production; elastic yarn factories are also gradually shutting down one after another.