In the recent market, the raw materials PTA and ethylene glycol have gone up and down, and polyester filament has resumed its decline. The weaving and printing and dyeing markets have encountered production restrictions and suspensions from time to time. Upstream and downstream instability factors have increased. Coupled with the arrival of the traditional peak season, the Downstream weaving manufacturers have many questions about the later market trends and when to purchase raw materials.
Purchasing has not changed significantly
Polyester filament has launched another promotional wave
8 After the intensive promotion at the end of the month, the polyester filament market is currently in a state of price and no market. The sporadic low-price supply transactions are good, and the inventories of most companies are increasing. Overall, polyester filament promotions are frequent in the third quarter, despite entering the “Golden Nine” period. “In the traditional peak demand season, the market demand for polyester filament has not seen a significant increase. On the 9th, mainstream manufacturers’ polyester filament discounts ranged from 150 to 450 yuan/ton. Downstream users bought at low prices. Some production and sales continued to increase by 200-300%. Enterprises Once again, the effect of removing the library is achieved.
However, for downstream users, they have not yet reached the stage of concentrated bargain hunting, and are still focusing on phased replenishment. On the premise that there is no major change in terminal demand, it is difficult for polyester filament to reverse the mode of promotional shipments. Market rumors suggest that promotions are still expected in the near future.
In fact, in the declining market atmosphere, the most important thing to pay attention to should first be the demand issue, and the rest is the upstream cost game and its own production capacity load and other factors. The operating rate and inventory status of downstream manufacturers are the key to judging the sustainability of market demand.
The production of tens of thousands of looms in Nantong has been suspended
Another heavy blow to the chemical fiber market
However, in the atmosphere of weak downstream demand, the textile market continues to suffer.
Recently, the Jiangsu Provincial Energy Conservation Supervision Center divided into three groups to conduct supervision and inspections in Nantong, Huaian, Yancheng, Yangzhou, Zhenjiang, Taizhou, Suqian and other energy consumption intensity level one early warning areas. Among them, a large number of weaving companies in Rudong County, Nantong Enterprises have been shut down since September 10 and restarted on October 1. Only some tax-paying and large-scale enterprises have maintained some production.
Nantong’s textile industry plays a decisive role in Jiangsu Province. The famous China Dieshiqiao International Home Textile City and Samsung International Home Textile City are concentrated in Haimen City, Nantong, and high-end fabrics for home textile products The production chain is concentrated in Tongzhou District, Nantong, and the upper weaving chain is concentrated in Rudong County. The home textile industry chain is complete and it is the main cotton yarn consumption place in China. Rudong County is the main weaving concentration area in Nantong, so it has had a fermenting impact on the textile market.
It is understood that there are a certain scale of air-jet and arrow looms distributed in Rudong County. The pure cotton yarns used are mainly C32s and C40s. There are also some high-end cotton yarns used, but since Since late August, local weaving orders have slowed down the growth of finished woven fabric inventories, and some weaving companies have already experienced overtime production. The current requirement to shut down a large number of machines on September 10 may stimulate the digestion of some local gray fabric inventories, but for cotton yarn In terms of consumption, there is a disincentive effect on consumption. In addition, the scope of supervision and inspection continues to expand in Jiangsu. I heard that the Jiangyin area of Wuxi has also received a similar notice to limit production. Jiangsu Province is a famous textile province in my country, involving chemical fiber manufacturing, cotton spinning, wool spinning, yarn-dyed weaving, non-woven, The impact of clothing, home textiles and other industries on the entire national textile industry will continue to spread, or it will have a negative impact on the entire chemical fiber market.
When will polyester filament truly rise?
From a fundamental point of view, the reason for the continued promotion of polyester filament in this round is high inventory, and the market supply and demand are still out of balance. Of course, will the imbalance between supply and demand continue? , it still depends on whether the demand for raw materials from the new loom production capacity can offset the pressure on the market from its new production capacity.
As the epidemic situation improves, the construction of textile clusters in the central and western regions is in full swing again this year. This year, a large number of textile bases including Hengli and Tongkun were built in the first half of the year. At the same time, due to the popularity of the home textile market last year, The production capacity of the texturing market has also seen a sharp expansion, which to a certain extent will lead to an explosion in demand for raw materials. Judging from current statistical data, tens of thousands of looms and texturing machines will enter the market by the end of this year or the first half of next year, which means that in the long run, the demand for raw materials will have a strong driving force.
But in the short term, the polyester market will be accompanied by cost-end games and disputes in the downstream market, leading to large long-short differences in the market, and the existence of the traditional peak seasons of Gold, Nine and Silver Ten is destined to make the market Large fluctuations have occurred. In short, the upward turning point still needs to wait for the transformation of the contradiction between supply and demand.
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