The Recent Rise In Polyester Prices, The Trend Still Depends On The Consumer Side

Recently, polyester manufacturers have been happy.

After a few days of tentative rise, polyester filament finally ushered in a general rise, the focus of prices of manufacturers are up.

On the 31st, the polyester price of Dongtai No.1 Factory increased by 50 yuan;

The price of Juxing chemical fiber polyester yarn was increased by 100 yuan;

Taicang a large polyester prices increased 100 yuan;

Another factory in Hangzhou raised the polyester price by 50-100 yuan today;

Another POY factory in Xiaoshan raised polyester price by 50-100 yuan today

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At the same time, polyester manufacturers of polyester filament production and sales also ushered in a long time lost rise 。

On the 30th, the market performance of polyester filament in Jiangsu and Zhejiang was good, with the average production and sales of mainstream large factories ranging from 100% to 120%, and the production and sales of some better factories could reach 200%.

On May 31, the production and sales of polyester filament Market in Jiangsu and Zhejiang decreased slightly, but the production and sales of better factories could reach 150%.

At the end of July, polyester filament price and production and sales began to flip, making the market which was originally a pool of stagnant water begin to have waves, so what is the reason behind this wave of "Sao operation" of polyester filament?

For a long time, the end of the month is the regular replenishment time node for weaving manufacturers, and production and sales will improve at the end of the month. Especially since the impact of the epidemic, the price of polyester has been continuously bottoming out, which has dampened the enthusiasm of weaving manufacturers to hoard goods. The psychology of buying up or not falling has affected the manufacturers' operation of stock preparation. Just in demand purchasing has always been the means for weaving manufacturers to prepare goods. Generally speaking, manufacturers prepare goods for about 10-15 days. Therefore, the last wave of good production and sales in July was in the middle of July. By the end of the month, the consumption of raw materials was almost the same. With the replenishment node at the end of the month, the production and sales will naturally improve.

In the near future, PTA and glycol prices have risen steadily. As of 31, PTA's internal price is around 3545 yuan / ton, and ethylene glycol's internal price is around 3670 yuan / ton. On the one hand, the positive boost of crude oil price has formed a greater driving force on the chemical product market, and the PTA and ethylene glycol markets have recovered; on the other hand, in recent years, the inventory of ethylene glycol in East China port has been slow, and the growth rate of inventory has slowed down, and some units of PTA have been overhauled, and the start-up rate has declined. All these have effectively supported their prices and further promoted polyester prices Grid up.

Although it is still in the off-season of textile, some products still perform well. The recent market transactions mainly focus on autumn and winter clothing fabrics, especially the elastic fabrics. In addition, T8 fabrics and foamed fabrics are also popular recently, and some dyeing factories have increased their warehousing volume, resulting in crowded queuing.

Although polyester in the resonance of all sides of the good ushered in a wave of general rise, weaving manufacturers replenishment positive, but behind this, there are still larger negative factors. Especially in this year's poor environment and the traditional off-season situation, the negative factors are more likely to be "fatal".

Today's textile market, the phenomenon of two-level differentiation is more obvious, products are uneven. Although some of the products are hot, but looking at the whole market, it is more common for conventional products to be unsalable, and the local improvement can not continuously drive the market to warm up. Therefore, most weaving manufacturers, in addition to the late decline in operation, are still the mainstream of accumulated inventory. According to the sample enterprises tested by China silk capital network, there are 45-46 days around the raw cloth warehouse in Shengze area. Inventory continued to refresh high, polyester demand will weaken more obviously 。

The epidemic situation is still swallowing the production recovery ability of other countries abroad. As a result of the continuous outbreak of the epidemic situation in many countries, the production has been pressed the pause button, and the economy has been seriously blocked. Take the United States as an example, A few days ago, the U.S. Department of Commerce released data that the U.S. gross domestic product (GDP) fell by 32.9% in the second quarter of 2020, the largest decline since the U.S. government began tracking the data in 1947. The main obstacle to the economic growth of the textile industry is the reduction of the income of the residents.