Due to the impact of the epidemic, the export volume of polyester filament dropped significantly from January to February 2020, down 14.1% year-on-year. At present, the domestic epidemic has basically been effectively controlled, and As vaccine research and development progresses smoothly, overseas demand is gradually picking up. According to customs data, polyester filament exports exceeded 500,000 tons from January to February 2021, a year-on-year increase of 46.36%.
According to customs data, in January 2021 -In February, China’s cumulative export volume of polyester filament was 531,300 tons, and the average export price was US$1,138.19/ton. The export volume was +24.06% year-on-year. Compared with the same period in 2019, the export growth rate of polyester filament in January and February was respectively 15%, 42%. The top ten trading countries in export volume accounted for 74.96% of the total export volume, mainly concentrated in Asia and some in North and South America. The export situation is good.
Overall, the overall export situation of polyester fiber is good, with a year-on-year increase of 46.36%. Compared with the same period in 2019 before the epidemic, the increase is still 25.75%. It is reported that the current The export volume of some textured yarns to India and Middle Eastern countries has increased, especially since the Middle East countries are involved in the Ramadan festival, so mid-to-late March is regarded as a purchasing node, and it is expected that there will be a certain replenishment demand for both domestic demand and export.
Polyester filament export regional distribution map in 2019-2020
Purely judging from the surge in polyester filament exports, the actual profits of China’s polyester industry chain have shown a rebound trend amid the decline in oil prices in recent years. “Profitability or not” has always been an important criterion for companies to measure whether to start operations. However, as the polyester industry itself is already facing a serious oversupply, the rebound in profits brought about by cost reductions may increase industry operations to a certain extent. At the same time, To stimulate the deployment of new production capacity, the domestic polyester industry will have large-scale production plans in recent years, which shows that the contradiction between market supply and demand is facing a further intensification. Export is a major digestion channel for Chinese polyester. The industry still has high expectations for it, and it is one of the solutions that many polyester manufacturers will consider.
From the perspective of downstream textile and apparel, the editor thinks it is a double-edged sword! As the epidemic situation improves this year, although there was a booming scene at the beginning of the year, the market has returned to a tepid market. Coupled with the surge in raw material exports, it is difficult to say that the export situation in 2021 is optimistic. The risk of reverse flow of orders is worth thinking about in advance for downstream textile and garment people.
There are many reasons why my country’s exports have grown against the trend since last year. One of the important reasons is that the lack of production capacity caused by the haze of the epidemic in various countries around the world has brought difficulties to Chinese enterprises Come to business opportunities. The domestic epidemic situation has gradually stabilized and work and production have been resumed, as well as China’s complete industrial chain, which is a solid material foundation for the return of orders. This, coupled with various policies introduced by the country to stabilize foreign trade, will blow the spring breeze of the return of orders to the end. The epidemic has allowed some orders that were transferred from China in earlier years to return to China.
However, this situation slowed down significantly after November 2020, and after the epidemic in Southeast Asian countries was brought under control, orders began to flow back to the local areas steadily. From the signs of polyester exports, it can be seen that the demand for raw materials in many countries has begun to recover. Coupled with the current international situation, it is bound to affect the demand for domestic textile and apparel orders. It is expected that with the universal vaccine, the possibility of Southeast Asian textile and apparel orders flowing into China again this year is relatively small.
Be prepared for danger in times of peace, and be prepared for danger. At present, the production schedule for foreign trade orders is still sufficient, but export companies should still take a long-term view and make early plans for future orders.
The spring of the textile industry in 2021 is suddenly warm but then cold! Fear uncertainty and risk, and only when the wind and rain come, can you take a leisurely stroll.
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