Since December, the epidemic situation in Zhejiang has been severe, and new cases have surged. Some areas of Ningbo, Xiaoshan, and Shaoxing are under emergency investigation. Due to the impact of the epidemic, Ningbo Zhenhai has implemented temporary full closure management. Currently, some factories in Binhai, Shangyu and other places in Shaoxing have also Closed management is implemented independently, prevention and control of outsiders is also strengthened in other areas, and logistics and transportation are restricted.
Photos leaked on social media recently showed that all roads in Zhenhai were closed, making it impossible to enter or exit. A logistics company said: “After Zhenhai is closed, trucks will not be allowed to leave, and cabinets at the terminal cannot be delivered. Orders that were originally cut off cannot be picked up and packed. Now we are waiting for notification.” An industry insider told reporters, according to The latest news from the transportation fleet is that if you have a pass, you can go to Ningxing to pick up the goods, but because the health code turns red after picking up the goods, and the follow-up operations are cumbersome, few drivers are willing to go.
The polyester filament production capacity in Zhejiang accounts for more than 70% of the country’s total production capacity, while Ningbo, Shaoxing, and Xiaoshan account for 28% of the country’s total production capacity. Among them, texturing companies in Ningbo are relatively concentrated, and circular knitting machines, printing and dyeing companies in Xiaoshao are relatively relatively Currently, polyester filament manufacturers in Ningbo have reduced their production and operations, and other enterprises have also expressed that they will consider reducing their workload based on the epidemic situation. Some downstream production enterprises in Xiaoshao area said that the epidemic has combined with a drop in demand, and the Spring Festival holiday will start early.
Picture of polyester filament production capacity in some regions of Zhejiang
Weaving data shows that the start-up of circular knitting machines in Shaoxing has dropped slightly compared with last week. In addition, the start-up of the water-jet and warp knitting industries in some areas has also dropped accordingly. The comprehensive start-up rate of chemical fiber weaving this week was 56.37%, a month-on-month decrease of 2.56%. The current market situation is gradually cooling down, and the inventory of finished products in factories is increasing at the end of the year. Near the end of the year, factories are facing problems with capital withdrawal due to inventory constraints, and they want to sell goods at low prices to relieve pressure. Although a small number of orders have been placed for the spring and summer of next year, the quantity is scarce and the superimposed raw materials fluctuate significantly. Buyers and sellers are mostly in a stalemate, and the specific implementation time is yet to be determined. Due to the recent outbreak of the epidemic, some downstream factories are expected to start holidays in advance, and the operating rate is expected to continue to trend downward next week.
At the end of November, some domestic production companies reduced production to protect prices, and the polyester filament industry operation dropped to below 80%. During this period, early stage reduction and shutdown devices in Jiangsu and Fujian were gradually restarted, and the industry operation increased slightly. Recently, some manufacturers have reduced production, and the polyester filament industry has started operation. The rate has dropped again, with the overall operating rate below 80%. At present, winter orders have been sold out, and spring orders are scarce. On the one hand, the overseas epidemic has not been effectively controlled, and sea freight remains high. On the other hand, the epidemic has recurred in many places in the country, causing industry insiders to Confidence is insufficient. The polyester filament industry’s current industrial start-up is at a relatively low level during the same period. However, the overall weaving start-up is below 60%. Due to the contradiction between supply and demand, the polyester filament start-up is still expected to decline. In summary, under the drag of multiple negative factors, the supply and demand of polyester filament will decline.
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