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The Market Of Polyester Fiber Is Rising, And The Future Market Is Worrying.

2010/7/19 10:29:00 16

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July 14 Jiangsu and Zhejiang market

Polyester fiber

FDY fine denier silk rose 200-300 yuan / ton, in July 15th, Jiangsu and Zhejiang market FDY fine denier silk rose 100-200 yuan / ton.

The price of FDY fine denier yarn has been rising continuously. Taking FDY75D/36 as an example, the high-end market quotation of the Jiangsu market in July 15th was 15900 yuan / ton, while the July 1st quotation was 15000 yuan / ton, and in the next half a month it has risen 900 yuan / ton.

July is the traditional textile off-season. Why in the traditional sales off-season, the polyester FDY yarn market will continue to go up? I think the main reasons are the following reasons:

1. The downstream weaving factories are attracting large quantities of goods.

FDY

The main reason for the rise in prices.

In the first half of this year, the downstream weaving Market is very good. Most manufacturers have completed sales for the whole year in half a year.

Under the influence of the peak season, the weaving factories have enough funds. Under this support, the weaving factories are more active in stocking the raw materials. As early as June, when the polyester raw materials were rising, weaving factories rushed to buy Polyester.

As a result, the stock of polyester factories has dropped sharply, and even some factories have short positions.

Therefore, the reduction of inventory pressure is the best reason for factory price rise.

2. Now downstream

Fine denier fabric

Sales profit is better than other conventional fabrics, so the weaving manufacturer's production enthusiasm is higher, and the demand for FDY fine denier yarn has also been greatly improved.

3, Zhejiang Province limited electricity production.

Power cuts and production cuts have accelerated the price of polyester.

Polyester factories in Xiaoshan, Shaoxing and other places were forced to cut production and stop production because of the electricity limitation policy. The time was about 15 days.

4, the cost function is short term failure.

Upstream raw materials

PTA

And the MEG market is weakening.

But now polyester manufacturers look at stock prices and have already abandoned costs.

However, the future market of polyester filament should not be too optimistic. The reasons are as follows:

The driving force of market demand is not sustainable. It is the main hidden trouble that affects the steady growth of textile export.

The latest economic survey data show that Asia, Europe and the United States are slowing down the pace of manufacturing expansion, and the momentum of global economic recovery is showing signs of gradual extinction.

In July 1st, the China logistics and purchasing Federation (CFLP) announced that China's Manufacturing Purchasing Managers' index (PMI) in June was 52.1%, down 1.8 percentage points from the previous month, and for second consecutive months. This shows that the pace of China's economic growth is continuing to slow down.

The Global Manufacturing Purchasing Managers Index (PMI) dropped from 57 in May to 55, and global manufacturing growth slowed again in June.

On the other hand, textile raw materials prices are rising, textile enterprises are forced to raise the unit price of products, but once the unit price is raised, the export volume is bound to be affected.

With the end of the first batch of replenishment in Europe and America in 5 and June, orders for textile enterprises are decreasing, and some overseas orders have begun to turn to low-cost countries such as India, Bangladesh and Vietnam.

Thirdly, the appreciation of RMB further weakened the export competitiveness of the industry.

After the central bank announced the resumption of foreign exchange reform and increased the elasticity of RMB exchange rate, the renminbi appreciated against the US dollar.

Data from the China Foreign Exchange Trading Center show that in July 14th, the central parity rate of RMB against the US dollar was 6.7755; and the day before the implementation of the exchange rate reform, the central parity rate of RMB against the US dollar was 6.8275 in June 21st, and the exchange rate has risen by more than 0.8%.

A trader in Shanghai said, "the original purchase of goods in Renminbi, using US dollars as the export currency, now costs 0.8% more, and in dollar terms, it is now less than RMB 0.8%.

In this way, we will bear about 1.6% of the cost increase. "

In the entire industry's exports, orders for us dollars accounted for 70%.

Based on the above reasons, it is expected that the recovery pace of textile exports will slow down in the three quarter, while the 8-9 month traditional polyester market is not necessarily optimistic.