Price: According to data from SunSirs, the average price of 32S pure polyester yarn remained at 14,425 yuan/ton on March 16.
Market situation: Recently, the price of pure polyester yarn has been adjusted weakly. Downstream buyers are in urgent need of purchasing and buying at low prices. The focus of transactions of textile enterprises continues to decline. The recent epidemic situation has been severe, and some spinning companies in Shandong have expressed plans to reduce production if there is no improvement before the end of the month. At present, the mentality of spinning mills is relatively good, cash flow is good, and inventories are under control. Yarn prices are weak today and there is room for continued decline.
Analysis: In terms of raw materials, international crude oil has been consolidating around US$96/barrel since yesterday evening. Short fiber futures fluctuated at low levels in the night, with PF05 falling to around 7400. Under the current circumstances, there is generally a lack of confidence in the market outlook. The rise and fall of upstream raw materials cannot change the situation of weak demand. In the current situation, textile enterprises generally lack confidence. On the demand side, due to the lack of downstream consumption power, cloth factories are cautious in purchasing. A textile company in Shangqiu reported that it is currently mainly completing pre-holiday orders, and the orders will be maintained until mid-March. As the early orders gradually end, the operating pressure of the company has also increased. , it is expected that in the future, enterprises will purchase more raw materials as they are used. The person in charge of a textile company in Nanyang said that although foreign orders have continued to come in recently, easing some of the pressure, according to the current market situation, the market is expected to be deserted until about July.
It is expected that under the influence of the international situation, crude oil prices will fluctuate greatly and raw materials will fall sharply. If there is no significant improvement on the demand side, it is expected that the pure polyester yarn market may adjust downward in the future.
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