At present, most downstream users have stopped for the holidays, and sporadic market participants are mainly waiting and watching. The market trading atmosphere is deserted. Some polyester filament manufacturers are worried about the risk of inventory accumulation after the holiday. On January 26, the quotations of polyester factories were stable, but the actual transactions were The price dropped by 300-400 yuan, and the overall production and sales of polyester on that day exceeded 150%.
After this round of promotions, most downstream users above designated size have stocked up in advance. The current inventory of raw materials is mostly around 20-30 days. Therefore, after the holiday, downstream users mostly need to replenish goods depending on the order situation.
Comparison pictures of polyester filament and weaving stocks in 2021-2022
At the same time, according to statistics, since January 20, the textile market has gradually begun to take a holiday, and the most intuitive reflection of the market holiday is the sharp decline in the weaving start-up rate! As of the 28th, the current operating rates of major weaving markets in Jiangsu and Zhejiang are less than 10%. At the same time, the editor also made statistics on the start-up status of major clusters after the Spring Festival. They generally start from the eighth to the fifteenth day of the first lunar month, which is not much different from the same period in previous years.
Remark:
China Textile City will be closed in the afternoon on January 25, 2022 (the 23rd day of the twelfth lunar month) during the Spring Festival. The market will open at 8 a.m. on February 8, 2022 (the eighth day of the first lunar month);
Zhongda Business District: The closing date in 2022 is 18:00 pm on January 25, 2022 (the 23rd day of the twelfth lunar month), and the opening time is 9:00 am on February 13 (the 13th day of the first lunar month);
The Guangzhou International Textile City Trading Park will close at 18:00 pm on January 25, 2022 (the twenty-third day of the twelfth lunar month) and open at 9:00 am on February 10, 2021 (the tenth day of the first lunar month).
From the perspective of post-holiday downstream demand, industry players have recently been optimistic about the post-holiday market due to factors such as power cuts and the Asian Games, and believe that demand may be forwarded to February to March. However, considering that there are still many variables in the overseas epidemic situation, freight costs may be high. A certain amount of demand will be suppressed, and the long-short game will be played in the market after the holidays. It is recommended that industry players should not be overly optimistic.
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