Spot market: Last week, the quotations of pure polyester yarn companies increased steadily. According to the price test of the business community, as of September 10, the spot price of pure polyester yarn in Shandong was 14,500 yuan/ton, an increase of 125 yuan/ton from the beginning of the month, an increase of about 0.85%. Since late August, the production and sales situation of open-end spinning has been slightly better than that of ring spinning, and orders for high-count yarns of 60S and above are stronger than those of low-count yarns of 21S-40S. Recently, the shipment of 32S and 40S knitted yarn in light textile markets such as Foshan and Zhongshan in Guangdong has been slow. Weaving factories are more cautious in restocking raw materials than in August, and they mainly buy as they are used. Traders generally have relatively high inventories and obvious signs of capital occupation, making it difficult to make large inquiries or take delivery of goods. Overall, the yarn accumulation rate has continued to rise slightly since early September, and the finished product inventory of individual yarn mills has been close to or even exceeded the “warning line”. Therefore, textile companies still adopt a price-based sales strategy.
Upstream raw material market: In terms of futures, crude oil futures fluctuated and fell slightly last week. PTA futures fluctuated and fell in recent days due to the gradual restart of installations. Polyester staple fiber prices continued to rise in crude oil and PTA prices. Under weak conditions, it tends to fluctuate weakly. In terms of spot goods, some polyester factories have stopped one after another, the start-up load of short fiber continues to decline, and the supply continues to shrink. In the short term, the destocking trend of polyester short fiber remains unchanged.
Downstream weaving market: Weaving mills and traders in various light textile markets are still not active in making inquiries and purchasing goods, and it is not smooth for small and medium-sized yarn mills to receive new orders. According to surveys, foreign trade companies and clothing, fabric, and weaving factories in coastal areas have recently reported that orders have picked up slightly compared to mid-to-late August, but are significantly lower than the expectations of all parties for the “Golden Nine and Silver Ten”, and the sluggish peak season has been verified.
With insufficient domestic demand, not many external orders, downstream demand has not improved significantly, and the market trend continues to show shortcomings, coupled with the impact of the decline in short fiber futures, pure polyester yarn will decline trend. </p
