It is understood that with the recent multiple declines in spandex, new situations have emerged in the market. Last week, the spandex market continued to bottom out, with 40D quotations concentrated at 60,000-67,000 yuan/ton. Compared with the beginning of November, spandex dropped by more than 15 %.
In recent days, the textile market has been in general. Weaving companies have been selling goods at an average speed, and the number of orders received by trading companies has not increased, causing the overall market to be slightly weak. At the same time, the outbreak of the epidemic caught people off guard. Currently, the market for domestic autumn and winter fabrics in Xiaoshao area is sluggish, and foreign trade orders have made things worse and have not improved. Most downstream companies have no orders to fill. The lack of orders has caused inventory of downstream manufacturers to accumulate. The operating capacity of the circular knitting industry is as low as about 40-50%, and that of the warp knitting industry is about 50-60%.
On the other hand, the spandex market has sufficient supply and new production capacity continues to be released. The first phase of Hyosung (Ningxia) spandex was put into production on December 22, which is also a big resistance to the market.
These two reasons have directly led to the reduction of the quotations of spandex manufacturers. As the sales pressure of spandex has increased significantly recently, spandex salesmen in various WeChat groups have become active, discussing one by one, and there are endless methods of operating detailed discussions on actual transactions.
And it’s not just the spandex salespeople who have become active. Near the end of the year, the polyester salespeople have also started shouting!
Polyester filament factories were hemorrhaging again last week. Some large factories directly offered profits of 200-700 yuan/ton, which was almost a 10% discount. Judging from the current cash flow, it should be regarded as a fire sale at a loss. After production and sales increased that day, the market returned to calm.
For polyester manufacturers, various end-of-month holidays have become a recognized operating mode in the industry. Many weaving manufacturers will choose to replenish more or less goods at this node, but this time it seems unusually “calm”, editor After asking several weaving manufacturers, most of the answers I got were: Don’t stock up, it’s enough! A raw material salesman said: “Nowadays, customers are relatively indifferent to raw materials. Before the Chinese New Year, a customer bought 1,000 tons of raw materials at an unimaginable extremely low price, thinking that the price would increase after the new year. As a result, the current price has long been If the price falls below his low price at that time, no one dares to take the risk!” This mentality has continued since last year.
At present, filament inventory is at a high level in the past five years. In addition, downstream companies are holidaying early. Polyester filament will face greater sales and inventory pressure in the future, and profits will be poor. There is a greater probability that companies will reduce their burden in the future. Before the Spring Festival holiday, gatherings There is a high probability that the ester factory will start promotions again.
According to research, most weaving manufacturers currently have about one month of raw material inventory on hand. In other words, before the holiday in the middle of next month, manufacturers will already have sufficient raw materials on hand, and those who originally purchase on demand, buy some and use it. Out of consideration for the overall situation, manufacturers will not invest more money in raw materials.
Therefore, the next biggest challenge for both raw material factories and weaving factories is how to regain demand. Throughout December, many textile people said that orders were mediocre. Although foreign trade showed signs of recovery in some areas, hot products were missing. After all, as terminal demand has not yet fully recovered, consumers can only consume rationally, and clothing is originally a non-essential necessity. People will only consider clothing after filling their stomachs. This also makes it difficult for consumers to consider clothing unless there is a strong downstream force. discount promotions, otherwise it will be difficult to drive demand recovery.
Then the raw materials and fabrics in the intermediate links are in an embarrassing situation. The entire environment continues to release off-season signals, the contradiction between market supply and demand continues to escalate, and the financial pressure will also amplify, so the ratio used to purchase raw materials will also shrink. .
Coupled with the current outbreak of new mutant viruses around the world, which has had a greater negative impact on the entire economy, it seems that recurrence of the epidemic is inevitable, and foreign demand is still facing greater pressure to return to the state last year.
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