The 5.1 Labor Day holiday has been extended from the previous 3 days to 5 days. Some experts pointed out that under the influence of the epidemic, domestic economic development has experienced a long blank period. It is hoped that the extended holiday can effectively boost domestic demand, and this may be the first tourism peak this year.
However, looking at the textile industry, serious excess production capacity has caused textile companies to A dilemma. As the production-to-sales ratio declines step by step, even if production is restricted or suppressed, it will be difficult to change the continued rise in inventories. As a result, during the festive season, companies across the country selectively took a break and threw themselves into the craze of stimulating consumption.
130 million meters of gray fabric orders have stirred up the market. What is the actual gap in medical protective clothing? Can pongee and polyester taffeta be truly replaced?
Recently I heard that a number of large traders in the market have received orders for a total of 130 million meters of 210T polyester taffeta. For a time, the polyester taffeta on the market was sold out, and many weaving manufacturers even sold out the raw material for polyester taffeta! Driven by this news, the production and sales of polyester yarn in Jiangsu and Zhejiang have been affected by the hot market of FDY fine denier since last weekend, and the volume has continuously exceeded 100.
In 2019, my country’s output of medical protective clothing was approximately 4.28 million sets, and the demand growth rate has been stable at 6.4% in recent years. After the outbreak of the new crown epidemic, local demand concentration increased.
Generally speaking, medical protective clothing is divided into woven and non-woven protective clothing. Woven materials are mainly used to process reusable medical protective clothing, including traditional woven fabrics, high-density fabrics, coated fabrics and laminated fabrics. Traditional woven fabrics are mainly used for daily work clothes (white coats), so they are not within the scope of this discussion.
Our focus is mainly on non-woven protective clothing materials. The main raw materials include spunbond non-woven fabrics, spunlace non-woven fabrics, SMS composite non-woven fabrics, Flash evaporation nonwovens and spunbond laminate products, etc.
The three major fibers used in the production of non-woven fabrics in China are polypropylene, polyester and viscose fiber. Among them, polypropylene accounts for the highest proportion, accounting for 62%.
However, due to the severe domestic epidemic some time ago, non-woven SMS composite fabrics are mostly used in masks and are in short supply, while nylon and polyester water-sprayed high-density fabrics can be used by adding PE antibacterial film or PE antistatic film can also achieve antibacterial and antistatic effects, so it has become a better alternative choice, which in turn triggered a purchasing boom for water-sprayed polyester taffeta, pongee and polyester FDY fine denier.
Polyester taffeta is a kind of thin polyester fabric. Polyester taffeta is commonly known as rainproof cloth and can also be called “coated nylon”. “Spinning”, both of which generally make fabrics and linings for various clothing. The polyester taffeta and pongee markets account for a small proportion of downstream consumption, the supply load is increasing rapidly, and the early inventory is sufficient, so it has little impact on the actual market.
The fine denier of polyester FDY is concentrated in 55dt, 59dt, 60dt, 61dt, 65dt, 67dt, 73dt, 75dt. my country’s total FDY production capacity in 2019 is about 10 million tons, of which fine denier accounts for about 50%. For the time being, we believe that the supply of FDY fine denier for medical protective clothing is not yet in short supply. In addition, the final fabric of medical protective clothing needs to meet the GB19082-2009 standard and FDA/CE dual certification; exports need to meet the corresponding standard certification, and it is recommended to treat the actual disk impact rationally.
With so many products and so little effect, how can we solve our urgent need?
The global epidemic has not yet reached an inflection point, the international demand for the textile industry remains weak, and domestic textile companies are struggling to operate in a difficult situation. Although the epidemic situation in some European countries is developing in a controllable direction, since last week, the number of inquiries has increased compared with the previous period, and the postponed orders have been notified that production can be resumed. However, this kind of investment in the market is a drop in the bucket. How can we solve the problem? Urgent need.
Some time ago, due to the “bottom-buying” sentiment in oil prices, which triggered a periodic hoarding craze, the polyester end inventory has improved. At present, the comprehensive equity inventories of POY, FDY, and DTY have been reduced to relatively reasonable levels. level.
We believe that the recent market phenomenon will support the polyester operating rate for a period of time, but it should be noted that the loom operating rate in Jiangsu and Zhejiang is concentrated at 20-50%, ” The May Day holiday is approaching, and the operating load may further decline; the cash flow of mainstream polyester products such as FDY is average. Assuming that sales have not improved in the later period, the entire industry chain will form a vicious cycle of negative feedback from bottom to top. The current inventory of gray fabrics Still at over 40-day highs, there are no signs of improvement in sight. Therefore, the downstream destocking brought about by this “buying the dip” should be understood as a transfer of inventory rather than actual destocking.
As a result, in the dire straits, we cannot withstand the weak deadlock, coupled with the lack of confidence in the market outlook, in order to avoid continued accumulation of funds In order to squeeze out funds, yarn companies in various places have naturally put their holiday arrangements on the agenda, most of which last for 2-10 days, and the possibility of extending the holiday is not ruled out. It is understood that �As of April 27, the average operating capacity of yarn companies across the country was 58%, a decrease of 2 percentage points from the 23rd. It is expected that during the May 1st holiday, its comprehensive operating capacity will drop to 29%, a decrease of 29 percentage points.
Taken together, the epidemic continues to plague the global economic recovery , it is still unknown when the damaged demand will resume growth. Although domestic expansion of domestic demand can maintain sustained economic growth, there are still hidden worries in the process of tapping potential domestic demand. The competitiveness of the chemical fiber market has weakened and it has fallen into a price war. In the end, whether to stay in a cocoon or break out of the cocoon and become a butterfly is a test. </p
