In the recent stage, polyester manufacturers have begun to make "small moves", tentatively increasing the price of polyester yarn:
Polyester yarn from a factory in Hangzhou rose 100-200 yuan/ton;
FDY price quotation of a factory in Shaoxing increased by 100 yuan;
Wujiang No. 1 factory polyester filament price increased by 50 yuan/ton;
The price of polyester yarn in a large plant in Xiaoshan is partially increased by 100-150 yuan/ton
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So far, the prices of polyester filament products have risen to varying degrees compared with the previous period, especially FDY and POY products, which have increased significantly.
Judging from the current situation, due to the trend of the epidemic situation and the accelerated recovery of various industries, coupled with the benefits of the downstream market, the industry generally believes that: "The rebound in downstream demand will continue to drive demand for raw materials. It will rise next." In the spirit of "buy it is earn", recently many companies have begun to "stock up". At the end of July, the price of polyester filament began to reverse with production and sales, which caused waves in the backwater market. In recent days, the production and sales data of polyester filament factories have continued to perform well.
Recently, the prices of PTA and ethylene glycol due to the sharp increase in crude oil have also risen steadily. As of the 6th, the price of PTA in the internal disk was around 3616 yuan/ton, and the price of ethylene glycol was around 37,850 yuan/ton. On the one hand, boosted by the rise in crude oil prices, it has created a greater driving force for the chemical product market, and the PTA and ethylene glycol markets have recovered; on the other hand, the inventory of ethylene glycol in East China ports has been slow to enter the warehouse in the recent stage, and the inventory growth Slowing down, some PTA installations ushered in overhaul, and the operating rate has declined. All these have formed effective support for prices, which in turn promoted the rise of polyester prices.
Xiaobian learned that although the price of polyester filaments has improved compared to last month, the prices of some raw materials are still far from the same period last year. If the subsequent demand is pulled up, the price is likely to be higher and higher until the polyester factory gets a reasonable price.
Of course, for the polyester market, crude oil and its own fundamentals are important factors that can affect its market trend, and downstream demand is equally important.
But according to the current market situation of the weaving market, although it is understood that from the end of July, some trading companies' orders in the downstream market have improved, and the frequency of purchasers' orders has increased. The orders placed are mainly autumn and winter fabrics, and the domestic market demand is picking up. In terms of foreign trade, there has also been a certain improvement. Also due to the seasonal demand for autumn and winter fabrics, export orders in some regions have increased. However, the nature of overcapacity and the slow destocking at the weaving end cannot support more demand for PTA and polyester products.
It is understood that the total retail sales of clothing, shoes, hats and knitting textiles nationwide in June was 105.9 billion yuan, a decrease of 0.1% compared with the same period last year. From January to June, the total retail sales of clothing, shoes, hats and knitting textiles nationwide was 512 billion yuan, a decrease compared with the same period. 19.6%, while the export situation of apparel, home textiles, shoes and hats is not optimistic.
At the same time, both domestic and foreign orders have dropped, and downstream weaving and other industries have increasingly strong willingness to reduce production, reduce burdens, and take holidays. The texturing, weaving, and printing and dyeing industries have heard that some companies have plans to park for holidays. At the same time, some companies in Zhejiang Weaving companies have started the summer vacation mode, which has further aggravated the contradiction between the supply and demand of polyester filament and other textile raw materials.
Upstream market prices have risen, and downstream weaving and clothing can no longer withstand it. In the later stage, if the contradiction between supply and demand is still not well balanced, it is easy to have one link collapsed. When large upstream companies continue to expand and expand, the downstream market is naturally the side that is diluted, and it is easy to stage the drama of "big fish eat small fish, small fish eat shrimp". However, the textile industry chain has always been "all prosperity and all losses". Whether it is upstream and downstream, it is necessary to find a balance in the end. |