Apparel / Textiles & Accessories

At the end of the third quarter, under the influence of the power restriction policy, downstream weaving, printing and dyeing enterprises stopped in a large area, and demand fell sharply, and polyester filaments faced the risk of accumulation. However, under the support of the cost side, the focus of market discussions continued to rise. After the National Day holiday, the rising trend of raw materials continued. Due to the pressure on the cost side, polyester filaments continued to rise.

Since September, the transaction price of polyester filaments has continued to decline. With the implementation of power curtailment policies in various places, demand has plummeted, and the supply pressure of polyester filaments has been highlighted. In mid-to-late September, the inventory of polyester filament companies reached a monthly high. It is believed that the autumn and winter orders will be overdrawn in advance, and the National Day holiday market will not be able to replicate the prosperity of last year, so we plan to plan preferential sales before the holiday. With the further pressure on the power restriction policies in various places, polyester filament production enterprises have gradually reduced their burdens, and both supply and demand have dropped. At the same time as the price of raw materials has risen, with the help of the cost side, the story of polyester filament has reversed at the end of September and fluctuated upward.

There are many doubts in the National Day holiday market. Some industry players believe that the holiday market is unknown or maintain a stable pattern. If demand is hard to change after the holiday, or if it repeats the mistake of "discounting", they are quite cautious on the eve of the holiday. However, as the oil price continues to rise, the price of raw materials also rises accordingly, and the enthusiasm of polyester filament manufacturers is soaring. At this time, because of the large-scale parking of the texturing enterprises, Taicang, Xiaoshao, Cixi, Changxing and other texturing enterprises have parked more places. Power cuts at the end of the month dropped to around 30%, a month-on-month drop of 37.8%, which became the lowest point in the industry after the Spring Festival holiday. The polyester-supported texturing device has also dropped, and some models have a tight schedule. Therefore, " Driven by the market sentiment of tight goods, the price of texturing has soared, while the prices of other varieties such as POY have also fluctuated up, and the prices of FDY have also risen slightly due to its cash flow loss. In summary, the polyester filament market continued to rise due to the dual benefits of cost support and supply reduction during the National Day.

After the National Day, as the power restriction policy in the cluster market has gradually slowed down the rebound in downstream demand, polyester filament yarns are out of control! As the star variety in this round of rising, DTY increased by nearly 2,000 yuan/ton in the past month, which is more than 1,000 yuan compared with before the holiday.

Recently, I heard: Jiangsu has once again launched the plan to stop production and limit electricity, and implement the strategy of starting four and stopping two. What kind of fluctuations will the textile and chemical fiber market usher in?

As mentioned above, the spot supply of some DTY models was tight due to the large-scale parking of bombs, and the cost support boosted the market sentiment. The polyester filaments partially appeared "grabbing" and the effect of destocking was obvious. The curtailment policy may continue until the end of the year, so the supply and demand of polyester filament may remain low.