Apparel / Textiles & Accessories

I don't know when it started, the promotion of polyester filament yarns, driving a wave of production and sales has become a tacit understanding between polyester factories and weaving enterprises.

Since the second quarter, domestic polyester filament staged promotions have become the norm, the frequency of promotion has been accelerating, the margin of preference has been expanding, and the center of market transactions has fluctuated and declined. Recently, the polyester factory has started promotion again, and this time the promotion, But there are some faint differences from those few months before.

Since June, international oil prices have continued to rise, and the prices of dual raw materials have increased, resulting in an increase in polymerization costs. Polyester filament companies have not carried out preferential promotions in the first week due to cost pressures. On the contrary, due to cost factors, the prices of polyester filament companies have been opposite. The narrow rise became the first voluntarily upward price hike since April, triggering heated discussions in the market.

On the 9th, the polyester factory opened a promotion again. The average production and sales of polyester filament yarn reached 500% on that day, and the production and sales of some better factories could reach 800%. It can be said that it was the best day of production and sales since June, but some manufacturers' promotion efforts that day It's also quite amazing.

Polyester filament breaks the weekly promotion model

Downstream worries about late price increases in polyester plants

It is understood that the current market outlook for downstream users is gradually diverging, and some users are worried that polyester filaments will continue to be explored in the later period, which has led to an increase in downstream procurement efforts. The main point is that some companies have limited production quotations since mid-May, and the polyester filament industry has started. Decline, the supply shrinks, and in the short term, the raw material PTA is likely to rise and hardly fall. Therefore, it is believed that polyester filament yarns also have upward expectations.

At present, the price of polyester filament is still at a relatively low level. Taking into account the special circumstances such as last year’s epidemic, the price trend of polyester filament in 2020 will not be the target of comparison. As shown in the figure above, compared with 2018-2019, the current polyester filament It is still at a low level, so some downstream users think that June is suitable for bargain hunting.

Weaving market quietly changed

Shipment seems to have returned to gold three silver four!

In the past few months, several attempts to increase prices at polyester factories have failed, and downstream weaving companies have not bought it at all, but as time goes by, this situation is quietly changing. Starting in June, the grey fabrics on the market have begun to be shipped one after another.

According to feedback from many weaving companies, some of the grey fabrics have been sold very well recently, and the supply of many specifications is very tight. Most of them are pre-booked, and the temporarily requested items are basically not available. Grey fabrics such as four-sided stretch, T400, Pongee, and Nisifang are selling well again, as if returning to the peak season in March and April, and even the best-selling varieties have not changed.

Judging from the types of these hot-selling grey fabrics, it is not difficult to find that they are all autumn and winter fabrics. Naturally, in the second half of the year, the production of autumn and winter clothing is the main focus. Summer clothing should have come to an end, mostly in small batches. In fact, these fabrics have begun to sell well as early as March. With the recovery of the domestic epidemic, the overall textile and clothing industry is gradually picking up this year. The peak season of "Golden Three Silver Four" is coming as scheduled. In addition to artificial silk fabrics, this type of autumn and winter The fabric is already very popular. So it can be predicted that the home field of autumn and winter fabrics in the second half of the year will naturally be better than that of the first half, so the terminal clothing will start to prepare early.

According to reports, some users have started the autumn and winter order procurement work ahead of schedule. The texturing and weaving enterprises have increased their orders compared with the previous period, and the amount of raw materials purchased has increased slightly. %, an increase of 18.01% year-on-year.

In general, as long as the market takes a turn for the better, weaving companies will digest part of their inventory and make cash flow healthy again, which will play a good role in promoting the entire textile market. However, after mid-to-late June, as the atmosphere gradually heats up, the textile industry is struggling under the influence of policies such as “high temperature curtailment” in Jiangsu and Zhejiang. Terminal start expectations have declined slightly. By then, the contradiction between supply and demand of polyester filament will intensify, and the market is still expected to promote sales.