Warming Up Is Exhilarating. Weaving Downstream Will Improve Significantly This Week.
Shengze China Eastern market officially opened in February 21st. Keqiao also announced the resumption of business. The Chinese textile market was officially restored in February 18th. The business is flexible and the business hours are from 10:00 to 16:00. According to the survey, local enterprises such as Shaoxing, Wenzhou and Jiaxing did not return to work before February 17th. The first water spraying, circular knitting machines and warp knitting enterprises in Shaoxing, Haining and Xiaoshan are now planning to return to the market in the third week of February. Printing and dyeing enterprises in Jiangsu generally return to work around March, and Shengze, Changshu and Taicang textile enterprises in Jiangsu mostly plan to return to work after 17 to 21 days in February. Fujian Quanzhou circular machine and Youxi warp knitting enterprise initially plan to resume work after February 17th. Jieyang, Guangdong The regional circular machine and warp knitting factory plan to return to market after 21 in February.
From the current start data, the start of the terminal has not seen substantial improvement in the past week, and the weaving industry load is still below 10%, which directly leads to a heavy storage of the whole industrial chain, which has also become the main reason why the market generally sees empty polyester filament. But Xiaobian thinks polyester filament prices have room to fall, but they need not be too pessimistic. On the contrary, if there is more than expected positive or positive information, such as the acceleration of terminal recovery, the rise of crude oil prices, the premature ending of the epidemic, etc., the acceleration of price stabilization should be great. However, high inventory is an indisputable fact, and the supply and demand of polyester filament in a short time will not be substantially gone even if it is improved.
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