Oil Prices Plummeted, Polyester Prices Down, Weaving Market Rapidly Cooling

By the end of last March 8th, the most serious cases in Korea, Italy and Iran were 7134 cases, 5883 cases and 5823 cases. In a week, 96 countries and regions emerged, adding more than 17 thousand cases of new crown virus infection.

Meanwhile, crude oil opened sharply down 30% in March 9th. Saudi Arabia launched a full-scale oil war and caused an epic crash. Futures face also hit hard, PTA, glycol limit!

Polyester production and marketing continued to slump in March 2020
Polyester production and marketing get rid of "one day" market in March 2019

Since the end of February, the production and sale of polyester fiber has been "depressed" for most of the chemical fiber raw materials. Most of the time is only 4-5 percent. In March 9th, the price of polyester, which was originally on the decline, dropped again, and polyester factories generally lowered 100-200 yuan / ton. In recent days, the production and sale of polyester filament Market in Jiangsu and Zhejiang provinces is light, and the average production and sales of the mainstream factories are at 20%-30%.

Polyester production and marketing in 2020

In March 8th of last year, polyester filament was in a wave of rising prices and finally got rid of the "one day tour" market. Over the past two days, pet manufacturers have been gaining more and more popularity. The price of polyester filament increases and production and sales rise. The enthusiasm for catching up in downstream weaving market has also increased. The average production and sales of mainstream manufacturers in Jiangsu and Zhejiang provinces have risen to 170%.

Polyester production and marketing in 2019

The production and sale of polyester can reflect the market of the weaving Market from the side. Since the low price of polyester in 2019, most weaving factories have used the method of "buying and using", so the production and sale of polyester can also explain the quality of downstream weaving. The recent downturn in production and sales is mainly due to the fact that the weaving factories do not have many orders on their hands, and the demand for polyester is not large. The new orders are still not ideal, and most small mills say they have done very little in the near future.

In March 2020, grey fabric was generally shipped, with single volume reduction.
In March 2019, the grey cloth was lined up to pick up the goods, and a large number of purchases were made.

The downstream fabric market is affected by the decline of crude oil and the fall of polyester. The market atmosphere of grey fabric is also heavy. There is also a feeling of "endless calls" in the busy season. Although the spring Asian spinning, polyester taffeta and imitation silk fabrics are acceptable, the general trading atmosphere is general. Many textile owners said that after the start of the project, the list was missing, the amount of orders was significantly reduced, and even the price reduction operation, resulting in textile boss is more difficult than in previous years.

In March 2019, market and order goods began to buy in large quantities, and the market gradually increased. The demand for simulated silk products is better. Some manufacturers say they are busy with orders and shipments every day, and orders can be maintained at least until the beginning of April. T400 grey cloth has already been queued up to get goods. It is very busy. Price, but also due to the arrival of the market, some gray cloth varieties have been rising prices.

At present, according to the monitoring data of China silk net, the inventory of grey fabric in weaving enterprises in Shengze is about 38 days, and at this time last year, the inventory of grey fabric had dropped to 34 days. As can be seen from inventory, the current market is not as good as 2019.

In March 2020, the printing and dyeing mill's capacity increased, and the market was dull.

In March 2019, the printing and dyeing factory was tight and busy.

The printing and dyeing plant is busy, but in fact, the market is also general. At present, the rate of printing and dyeing is only about 65%, which is equivalent to the capacity at the end of December last year. The delivery date was also 10 days. From the data point of view, since December last year, the market is only a continuation, and has not risen. Products are not particularly prominent, but still the majority of conventional varieties, only the number of imitation silk dyeing slightly outstanding.

In March 2019, the market of dyed factories in Shengze has begun to improve, mainly in T400, imitation memory and Gaomi Tav. The flat cylinder products are busy, and the queuing cycle is elongated. About a month or so, especially the number of dyed T400 accounts for 1/2. Even from the printing and dyeing Market in Guangdong, Fujian and other places, there has been continuous news of rising dye charges, grey lining, and tight delivery. This year, the Guangdong Zhongda market just returned to market in March 9th, and everything is still in the early stage of recovery.

afterword

Although crude oil collapse, PTA futures and other futures have no direct impact on the downstream cloth boss, but they have affected their confidence in the market. At present, there is no substantial improvement in the upstream and downstream markets, but the spread of foreign epidemics, the domestic epidemic still exists, the entire textile industry is affected, and it takes time to accumulate. In the short term, the market situation is difficult to form a support for the textile economy.