Entering October, winter clothing sales are becoming increasingly popular. Textile and apparel industry insiders said that the current orders are mainly for warm fabrics, but the number of new orders is limited, clothing consumption demand will decline compared with previous years, and the inventory of finished clothing in autumn and winter is large. Whether the polyester market can take advantage of the trend to pick up this year remains to be seen. to be observed.
The recovery of the polyester market remains to be seen
The cooling during the National Day has brought the sales peak of cold-proof clothing ahead of schedule. Some e-commerce data show that the sales of down jackets, fleece pants, woolen hats, etc. have increased by more than 100% month-on-month.
However, the improvement in clothing sales has not been quickly transmitted to the upstream weaving and polyester industries. Relevant information shows that the sales of gallbladder, four-way stretch, and jacket fabrics in Jiangsu Shengze market have improved after the festival, but they are not hot.
“The unit price of winter clothing is high, accounting for 40%-45% of the annual (clothing sales). However, this year, except for leading sports brands, other clothing categories are facing downward pressure.” A clothing company boss said.
An analyst said that in October this year, new orders in the weaving market declined month-on-month, and the market’s consumption power was weak. At present, the load of Jiangsu and Zhejiang loom factories is around 70%, and the operating rate of some factories is lower than before the holiday. After the holiday, the follow-up of terminal orders is average.
Filament weaving related industries start trend chart
Textile and apparel market demand is expected to boost
Starting from October 4, polyester prices rebounded slightly, supported by rising crude oil prices, and polyester production and sales also began to pick up, but the gains did not last long. The sharp rise and fall of crude oil and polyester raw materials have led to the current poor performance of polyester production and sales, which in turn has caused polyester products to once again face high inventory pressure. As of October 20, polyester filament POY factory inventory lasted 31.3 days, +5.03% month-on-month; FDY factory inventory lasted 31.1 days, +2.30% month-on-month; DTY factory inventory lasted 38.7 days, +2.93% month-on-month.
2021-2022 polyester filament POY150D/48F mainstream market price chart
According to data from the Chemical Fiber Information Network, polyester production from January to September this year decreased by 0.97% year-on-year, and it is expected that polyester production will hardly increase significantly in the fourth quarter.
Although the current “Silver Ten” market performance is average, some industry insiders believe that the colder weather will still boost demand in the textile and apparel market, and terminal demand will also recover in the later period. In addition, the recent energy crisis in Europe has also brought about the possibility of growth in the export of thermal clothing.
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