The Spring Festival holiday is less than a month away. Since the middle of this month, downstream weaving, printing and dyeing companies have stopped for holidays. Demand has shrunk sharply. The current severe epidemic situation has aggravated the wait-and-see atmosphere in the market. The year-end sales of the polyester filament industry have also quietly begun. .
Weaving operations have dropped sharply, and most polyester filament factories have launched year-end sales
According to monitoring , currently a small number of weaving manufacturers have already gone on holiday, and the remaining companies are also preparing to go on holiday next week. The market operating rate has dropped significantly. At present, the operating load in Jiangsu and Zhejiang is about 50%, of which the operating rate of water-jet looms in Shengze and Changxing is about 60%; the operating rate of Haining warp knitting machines is about 80%; and the operating rate of Xiaoshao circular knitting machines is below 40%.
By comparing the operating loads of polyester filament and downstream texturing and weaving devices, it can be seen that the weaving start-up showed a downward trend as early as the end of December. During the same period, polyester filament and texturing companies experienced a slight rebound in operations following the end of power restrictions and energy conservation and emission reductions. Since January, the decline in weaving operations has accelerated, especially since the middle of the year, which has dropped to less than 70%. During the same period, polyester Filament and texturing starts are mostly around 85%, which is higher than 18-21 percentage points.
At the same time, the production and sales of polyester filament have continued to decline since January. Among them, the effect of the two promotions after New Year’s Day and mid-term was not as good as the company’s expectations. In the middle of the year, as the downstream industry started to stop and go on holiday, the production and sales rate also plummeted. In the past week, the production and sales of polyester filament basically remained at 30-40%. Despite the impact of power restrictions, energy conservation and emission reduction, boiler renovation and other policies at the end of December, the start of polyester filament production was also There is a slight downward trend, but the overall supply pressure is still relatively high.
At present, texturing and weaving operations in Xiaoshao area continue to decline, and it is heard that about 2/3 of the weaving companies in Xiaoshao area have stopped for holidays recently. Therefore, Now is the time for promotion before the Spring Festival, and logistics and transportation will also be limited in the future. Therefore, most polyester filament factories have started pre-Spring Festival promotion mode since this week. The promotion range on the 21st will be larger, and most companies will have a promotion range of 200 yuan/ tons nearby.
The operating rate will also drop significantly this week, and polyester factories may offer more attractive prices
There will be a small wave of procurement at the end of the month
At present, the National Health Commission has specified that returnees must have a nucleic acid negative test certificate within 7 days before they can return home. Proof of negative nucleic acid test for returning home will be implemented after the Spring Festival travel begins on January 28 and will end after the Spring Festival travel ends on March 8. This means that those who return to their hometowns before the 28th of this month do not need to have a negative nucleic acid test certificate to return home. If they return after the 28th, they will need to undergo a nucleic acid test before they can embark on their return journey. Therefore, those who plan to return home will be next week at the latest. They are starting to leave their jobs and return to their hometowns, and some workers have already started the process of returning home ahead of schedule. Therefore, the downstream operating rate will drop significantly this week.
At the same time, from the perspective of weaving manufacturers, after experiencing concentrated replenishment in December, most weaving manufacturers have raw material inventories on hand for about 20-30 days, which is higher than last year. At the same time, the intention to restock on a large scale is not strong. Of course, weaving manufacturers that currently have good orders on hand still have additional stocks of raw materials for the next year, but they are still waiting to see this week’s discount promotions. After all, the current raw material prices are at a relatively high level, and no manufacturer wants to buy the dip halfway up the mountain. .
So now may be the last opportunity for promotion before the Spring Festival. However, the effect of the centralized promotion on the 21st was not good. Downstream users were in a wait-and-see mood, and actual transactions were limited. If the discount rate continues to expand in the next few days, there may be a wave of purchasing climax before the end of the month! </p
