The Boot Rate Is Dropping. Weaving Early Misjudgement Situation: Every Day In The Production Of Inventory, Do Not Want To Support It Again! Downstream Production To Induce Polyester Factories To Limit Production And Price?
Entering the June, the atmosphere in the off-season became more and more thorough, and the market entered the "stagnant water" situation. The lack of bright product support and the poor performance of the market. Especially for conventional products, the fabric inventory of weaving factories has reached a high level in recent years.
In Shengze, the number of grey fabric storage days of sample weaving enterprises rose again 5.25 times. The 43.5 day is the highest level in the same period of the same period, and the 6-7 month is the traditional off-season. The volume of light textile city was extended to 9 million 600 thousand meters except the Dragon Boat Festival.
The weaving industry seems to be unable to sustain it. The Dragon Boat Festival vacation rate of Jiangsu and Zhejiang looms has dropped by 6% to 62%, the lowest level in the same period. The comprehensive utilization rate increased slightly from 1% to 80%, which was the same level in the same period.
"I didn't walk a few orders this month, all 1 and 20 thousand meters of market goods. I'm very glad that many stocks were sold before last year. I sold them at a low price before, and now I sell them more." A main trader, said the Asian textile trader.
Another person in the north of Jiangsu Province, who has more than 200 looms, is responsible for silk imitation. "Our main customer is the United States. Because of the epidemic and trade war this year, our orders have shrunk by more than 5. At present, we are in a tired inventory stage every day. The warehouse has also stored nearly 10 million meters of grey cloth, which is very stressful. We took 3 days off on the Dragon Boat Festival and then took a look at it.
The textile industry, which is still waving in the wind and rain, can be said to be tackled before, followed by pursuit of troops, environmental protection, trade war and epidemic situation. Every "black swan" will drag the market back to its feet. Today's market has led more textile owners to take a vacation. It also proves that manufacturers are becoming more and more difficult to manage.
The sharp drop in weaving and the new high inventory will directly lead to a drop in the volume and price of polyester filament.
Textile boss's vacation mentality directly led to the volume and price of polyester filament. Since June, the rise of international crude oil has driven up the price of polyester raw materials, thus stimulating the price of polyester. But in recent days, the price of polyester has begun to drop. Throughout the first half of this year, the price of polyester is still declining, and the prices of all products are about 20% lower than the beginning of the year. Compared with the same period last year, it is even more miserable. Specifically, the FDY product has dropped by nearly 28% compared with the same period last year. The POY product has dropped by over 30% compared with the same period last year, while the DTY product has dropped by about 26% compared with the same period last year.
According to past experience, the price rise of polyester can drive some grey cloth to carry goods, but now polyester price itself is at a low level, and the rise is also not up.
In terms of production and marketing, in general, manufacturers will have more or less stockpiling operations before the holidays. However, before the Dragon Boat Festival holiday, manufacturers' enthusiasm for replenishment is not good. In addition to the promotion of polyester manufacturers to promote the POY products clinch a deal, the rest of the products are generally shown in production and marketing, and the production and sales exceed 100 quotations for only one day, and even can be described by "reluctance".
In the near future, except for POY, the dacron filament has been stored for 0.2 days to 15.5 days, and the rest of the remaining storehouses have been stored for 0.6 days to 18 days, and the DTY stocks have been stored for 2.1 days to 26.3 days in FDY. Polyester staple has been stored for three weeks, and it is currently in stock for 3 days. The stock of PET bottles remained on the 15 level for the first two weeks. Polyester staple fiber stocks remained the lowest level in the same period of the same period; polyester filament stocks rose to the highest level in the same period; PET bottle stocks were the highest level in the same period last year.
From the present point of view, the peak season of textile industry in the first half of the year has basically passed. In July, there will be sporadic trading volume in the mentality of stockpiling goods, the upward pressure on prices is greater, and the demand side has no obvious improvement at present. Therefore, it is estimated that if the downstream demand does not improve significantly in the 7-8 month in the off-season market, the polyester filament will continue to operate in a weak running situation, and the enterprise will take the strategy of reducing production and insurance price in the future. If the price is supported by raw materials, the two dip will be difficult to happen.
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