[Introduction] On the first trading day after the holiday, the polyester filament market had a good start, with both volume and price rising. However, as overnight crude oil and polymeric raw materials were lowered, cost support weakened, and polyester filament manufacturers lacked motivation to continue to rise, and many stabilized the market and waited. While downstream users’ resistance to high prices increased, polyester filament production and sales fell sharply.
According to Longzhong’s survey, 80.26% of the domestic polyester filament industry was fully operational during the Spring Festival holiday. Most employees returned to work from February 6 to 8. After the holiday, Jiangsu Lixin equipment restarted, Anji Huayi’s partial production lines restarted, and polyester filament production started. It increased to 80.59%, an increase of 0.33% from before the holiday. This week, many units in Ningbo, Fujian Baihong, and Shaoxing Jinxin have gradually restarted. However, Tongkun and Xinfengming have maintenance plans after the holiday, so the overall start of the industry fluctuates. Large, it is expected to remain around 82%.
International oil prices continue to rise during the holidays. With cost support, polyester filament has had a good start after the holiday. Enterprise quotations have been gradually raised. However, downstream users are worried about the increase in procurement costs and have moderately replenished their positions. The overall production and sales within the day are 50-60%, and the higher production and sales are above 100%. . However, with the correction of oil prices and the weakening of cost-side support, polyester filament manufacturers are mostly holding steady and waiting, the market is running in a stalemate, and downstream users’ resistance to high prices has increased. Some transactions have been above flat, and the production and sales ratio of most companies has fallen back to less than 30%. The reason is that many downstream weaving companies plan to resume work and production in the middle of the month. Currently, only a small number of companies are operating, and most companies are waiting for employees to return to work. The weaving operating rate is expected to be on track by the end of February, and many weaving manufacturers have stocked up before the holiday. Therefore, Post-holiday purchasing enthusiasm is not high, depending on the price of raw materials.
Specifically, most downstream textile companies resume work around the eighth day of the first lunar month to the fifteenth day of the first lunar month. Earlier companies were scheduled to resume work on the eighth day of the first lunar month. As of February 8, the comprehensive start-up rate of chemical fiber weaving in Jiangsu and Zhejiang was 30.25%. An increase of 8.74% from before the holiday. Currently, some companies that opened on the eighth day of the first lunar month have not fully put into production. The main reason is that many migrant workers are not fully in place, and most workers are still at home and have not returned. At present, the upstream textile raw materials have had a good start in the new year. However, downstream users mostly stocked up the goods before the new year and did not consider taking goods in the near future. After the new year, the orders were not transmitted to users. Only the orders received before the new year were mainly in low quantity. , so there are currently no stocking plans and arrangements. In the future, it is expected that the full resumption of work will be concentrated next week, when the terminal textile and weaving will be fully put into production on time.
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