Introduction: Entering the peak consumption season of the traditional “Golden Nine” industry, the cash flow of slicing has been declining day by day, and it has been in a state of loss for a long time. As a raw material-oriented product, the cost of polyester fluctuates within a narrow range, with average cost support, and is severely weakened by downstream demand. As a result, it is difficult for the market’s transaction focus to rise, and it is difficult to repair sliced cash flow.
Data source: Jin Lianchuang
In September, the cost of polyester was weak and volatile due to the fall in crude oil prices. Cost support was average, and downstream wait-and-see sentiment was strong. Market demand did not recover as expected, market production and sales continued to be sluggish, and cash flow losses showed an expanding trend. 8 The average cash flow in the month was -28.1 yuan/ton, and as of September 18, the average daily cash flow of slices fell to -75.4 yuan/ton, a month-on-month decrease of 220%. The average daily cash flow of slices in the same period last year was 215.9 yuan/ton. , a year-on-year decrease of 134.9%.
Affected by weak domestic demand due to the spread of the epidemic and difficulties in overseas exports, the start-up of the textile and garment industry has remained low in the first half of the year. As the epidemic at home and abroad has been controlled, the textile industry in August was driven by consumer demand brought about by economic recovery. Factory clothing orders have increased significantly. In September, terminal weaving has entered the traditional consumption peak season. However, the number of orders is less than expected, and new orders have significantly decreased after the completion of winter clothing proofing orders, and finished product inventories are high. Textile factories have started operations to maintain stability, mostly to digest early stocking. Mainly, a small amount of raw materials are purchased, and exports are at risk under the repeated impact of foreign epidemics. The downstream chip shop operation remains low, and the upward trend is difficult. The industry is pessimistic about the “Golden Nine and Silver Ten”, and the focus of the polyester chip market is difficult to rise.
Under the pressure of high inventory, slicing companies have relaxed transaction discounts and continuously lowered their quotations. However, affected by the weak downstream, slicing production and sales have continued to be sluggish, cash flow has fallen sharply, and they have continued to be in a state of loss. The “golden industry” with weak demand has In the “9” market, it is difficult for slices to turn losses into profits. </p
