Recently, polyester manufacturers have become popular.
Following the tentative rise in the past few days, polyester filament has finally seen a general rise, and the quotations of various manufacturers have increased.
On the 31st, the price of polyester yarn from Dongtai Factory No. 1 was raised by 50 yuan;
Juxing Chemical Fiber The price of polyester yarn is partially raised by 100 yuan;
The price of polyester yarn from a factory in Taicang is raised by 100 yuan;
Another POY factory in Hangzhou will raise the price of polyester yarn by 50-100 yuan today;
Another POY factory in Xiaoshan will raise the price of polyester yarn by 50-100 yuan today
……
At the same time, polyester manufacturers’ polyester filament production and sales have also experienced a long-awaited rise.
On the 30th, the polyester filament market in Jiangsu and Zhejiang performed well. The average production and sales of mainstream manufacturers were 100%-120%, and the production and sales of some better factories were Can reach 200%.
On the 31st, the production and sales of the polyester filament market in Jiangsu and Zhejiang regions fell slightly, but the production and sales of better factories could reach 150%.
At the end of July, the price and production and sales of polyester filament began to reverse, causing waves in the market that was originally a stagnant water. So what is behind this wave of “saucy operations” of polyester filament? what is the root cause?
Weaving replenishment at the end of the month, production and sales increased
Always Since then, the end of the month has been a regular time for weaving manufacturers to replenish goods, and production and sales will unofficially improve at the end of the month. Especially since the epidemic, the price of polyester yarn has continued to hit the bottom, which has suppressed the enthusiasm of weaving manufacturers to stock up. The mentality of buying up and not buying down has affected the manufacturers’ stocking operations. Purchasing for urgent needs has always been a means for weaving manufacturers to stock up. Generally speaking, manufacturers will prepare goods for about 10-15 days. Therefore, the last wave of production and sales in July is best in mid-July. By the end of the month, the raw materials are almost consumed. Coupled with the own replenishment node at the end of the month, production and sales will naturally improve. .
PTA and ethylene glycol prices are rising, cost support
Recently, the prices of PTA and ethylene glycol have been rising steadily. As of the 31st, the internal price of PTA was around 3,545 yuan/ton, and the internal price of ethylene glycol was around 3,670 yuan/ton. On the one hand, boosted by rising crude oil prices, which has given a greater impetus to the chemical product market, the PTA and ethylene glycol markets have picked up; on the other hand, the inventory of ethylene glycol in East China ports has been slow in the recent period, and the inventory growth rate Slowing down, some PTA equipment is undergoing maintenance, and the operating rate has declined. These have formed effective support for their prices, thereby driving up the price of polyester yarn.
Some products are shipped smoothly. Increased demand
Although it is still in the off-season for textiles, some products still perform well. Recent market transactions are mostly concentrated in autumn and winter clothing fabrics. Especially stretch fabrics are shipping well. In addition, T8 fabrics and foam fabrics have also been relatively popular recently, and some dyeing factories have increased their warehouse entry volume, resulting in crowded queues.
Mr. Cao, who does finishing processing, said: “Recently, we are mainly promoting foam materials and finishing processing on release paper fabrics, which is suitable for down jackets. “Customers have responded well, and orders have been placed, which is even better than last year. This year, we don’t feel the off-season atmosphere at all.” The fabric market has picked up, and the demand for gray fabrics will increase, which indirectly supports the increase in polyester prices.
Although polyester yarns have experienced a general surge due to the favorable resonance from all parties, and weaving manufacturers have been active in replenishing supplies, there are still major challenges behind this. Negative factors. Especially under this year’s poor general environment and the traditional off-season situation, negative factors are more likely to be “fatal”.
The market is divided into two levels, and accumulated inventory is still the mainstream
In today’s textile market, the two-level differentiation phenomenon is more obvious, and products are unevenly hot and cold. Although the transactions of some products are hot, looking at the entire market, unsaleable conventional products are more common. Local improvements cannot continue to drive market conditions to warm up. Therefore, most weaving manufacturers, in addition to lowering production in the later period, still have accumulated inventory. According to the sample companies tested by China Silk City Network, the current inventory of gray fabrics in Shengze is around 45-46 days. Inventories continue to reach new highs, and the demand for polyester yarn will weaken even more obviously.
Foreign economic recovery is difficult,” The “consumption engine” is weak
The epidemic is still devouring the production resilience of other foreign countries. The continuous outbreak of the epidemic in many countries has caused production to be suspended. Key, the economy has been severely hampered. Take the United States as an example. A few days ago, the U.S. Department of Commerce released data.� In the second quarter of 2020, the U.S. gross domestic product (GDP) fell by an annualized rate of 32.9% from the previous quarter, the largest decline since the U.S. government began tracking this data in 1947. Consumption is the main engine of economic growth. The epidemic has reduced residents’ income, hindered the resumption of work, and greatly reduced the demand for textiles and clothing products.
Whether it is polyester, gray cloth, fabric, or clothing, their own fundamentals and macro news factors can affect their sales and prices, but consumption is still the most important One of the factors, and before the epidemic is over, production and consumption will recover slowly, which will affect their later market trends.
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