Under the premise that the government advocates a full resumption of work, some recycled PET cleaning plants in Jiangsu and Guangdong and large downstream recycled PET enterprises have gradually resumed production. However, most small and medium-sized cleaning plants and downstream recycled chemical fiber plants are still waiting cautiously.
Today, the editor will take you to take stock of the impact of delayed resumption of work on recycled PET related aspects.
Related aspects 1. The suppression of recycled chemical fibers by “low-price” large chemical fibers.
As polyester factories reduce production shutdowns and increase logistics, freight efficiency declines and PTA digestion slows down. Moreover, before the Spring Festival, Hengli Petrochemical’s 2.5 million tons and Zhongtai Petrochemical’s 1.2 million tons units were put into operation. The PTA output in February is expected to reach nearly 4 million tons. It is expected that PTA social inventory will also exceed the historical high of 2 million tons. The inventory pressure of polyester factories that stopped production late before the Spring Festival is becoming increasingly apparent. The polyester factories with larger inventories currently have more than 20 days of inventory, while the factories that cut production earlier before the holiday still have inventories of around 10 days.
The continuous increase in inventory pressure has brought about low-price transactions. During the week, the mainstream ex-factory price of semi-gloss white 1.4D*38mm polyester staple fiber in East China was 6,500 yuan/ton, which was 100 yuan/ton lower than last week. , recycled chemical fiber has no obvious price advantage.
Relevant aspect 2: The subsequent impact of public health incidents on the recycling of recycled PET is still lingering.
In response to this public health incident, in order to effectively block potential transmission routes and maintain and protect the safety of people’s lives, some regional governments have issued relevant domestic waste management regulations. In some areas, it is strictly prohibited to rummage through domestic waste and other scavenging. Behavior. Most of the raw materials for recycled PET cleaning plants come from household waste plastic items, and people coming from outside some provinces and regions need to be quarantined for 14 days. Therefore, the recycling and production of wool bottle bricks and transportation to the cleaning plant require a certain recovery period.
Relevant aspect 3: Downstream recycled chemical fiber and weaving companies are short of work, hindering the resumption of work.
For the recycled PET industry, the further downstream the terminal, the more labor power is needed. Therefore, affected by the Spring Festival and the current public health situation, the current shortage of workers in the factory has become the biggest problem in the weaving industry, making it The load increase of the loom is limited. In previous years, downstream companies had difficulty recruiting workers after the Spring Festival. However, this year due to special circumstances, it is even more difficult for downstream weaving companies to recruit workers.
Related Face 4: Terminals have not reported expectations for the golden period of spring clothing sales.
Based on previous years, the time for spring clothing is generally from February to April in the north and from January to March in the south. The prime time period for spring clothing consumption is only one month, and for offline channels, from February to March, consumers will basically not go to physical stores to shop before the epidemic is lifted. After the epidemic is lifted, actual consumption will still take time to recover. For e-commerce companies, production and logistics are severely restricted, so sales of spring clothing will fall sharply this year. The increase in spring clothing inventory will indirectly affect the production and circulation of autumn clothing.
To sum up, people in the recycled PET industry currently have a wait-and-see attitude towards the market situation after the industry fully resumes work. They all say that there are too many factors affecting the price trend and they can only take a step to see. step. Although it will take some time for the new wave of wool bottle bricks to be supplied, high chemical fiber prices have suppressed confidence in the recycled chemical fiber market. Bullish and short factors are mixed, and the new quotations of some recycled PET cleaning plants that have resumed work are basically stable compared with before the Spring Festival. The biggest wish of all cleaning plants now is to “get the epidemic under control and be allowed to resume work.” </p
