Due to operational production restrictions and policy restrictions, the operating rate of polyester staple fiber companies is not high in 2021, and most companies have already conducted maintenance in advance. Therefore, there are generally not many maintenance devices during the Spring Festival in 2022. However, considering that inventory levels are generally low and some leading companies are still oversold, there is not much pressure to accumulate inventory after the holiday.
Summary table of changes in direct spinning polyester staple fiber equipment before and after the Spring Festival
As of January 25, the comprehensive operating rate of direct spinning polyester staple fiber was 78.89%, while the lowest operating rate during the Spring Festival holiday is expected to drop to around 72%. Compared with previous years, the operating rate before and after the Spring Festival in 2022 is slightly higher than the same period in previous years, except for 2021.
Comparison chart of direct spinning staple fiber operating rate trends
However, even though there are not many maintenance operations before and after the Spring Festival, after experiencing early production restrictions, the operating rate of some leading companies continues to be less than full, and the inventory of short fiber companies also remains low. As shown in the figure below, the equity inventory of most companies is low, and the inventory of some leading companies is still low. Companies are even still oversold by 20-30 days, and inventory pressure is generally low.
Direct spinning staple fiber inventory trend comparison chart
From a downstream point of view, according to the Lunar New Year time, the gap between the suspension and resumption time of spinning mills is not much different from previous years. Most polyester yarn companies stop operations between the 23rd and 28th of the twelfth lunar month. Among them, Changle yarn mills mostly have holidays during the twelfth lunar month. Twenty-seven or eight, the time to resume work is usually on the sixth day of the first lunar month. However, since part of the yarn mill orders from the previous year have been received in mid-to-early February, and the processing difference level continues to be good, under the background that the stocking of raw materials before the holiday is not very abundant, it is not suitable to sell short after the holiday.
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