As of last weekend, March 8, South Korea, Italy, and Iran were the three countries with the most severe epidemics, with cumulative confirmed cases reaching 7,134, 5,883, and 5,823 respectively. example. In one week, more than 17,000 new cases of new coronavirus infection appeared in 96 countries and regions.
At the same time, crude oil plunged 30% at the opening on March 9! Saudi Arabia launches all-out oil price war, triggering epic crash! Futures also suffered heavy losses, with PTA and ethylene glycol falling by the limit!
Polyester production and sales continued to be sluggish in March 2020Polyester production and sales in March 2019 got rid of the “one-day” market
In terms of chemical fiber raw materials, since the resumption of work at the end of February, the production and sales of polyester yarn have been “dismal”, with only 40% to 50% most of the time. On March 9, the price of polyester yarn, which was already in decline, fell again, with polyester factories generally lowering prices by 100-200 yuan/ton. In recent days, the polyester filament market production and sales in Jiangsu and Zhejiang regions have been light, with the average production and sales of mainstream manufacturers at 20%-30%.
Polyester production and sales in 2020
On March 8 last year, polyester filament ushered in a wave of price increases with pride, and finally got rid of the “one-day trip” market. In the past two days, the price increases of polyester manufacturers have gradually increased. This wave of polyester filament prices, production and sales has officially begun. The enthusiasm of the downstream weaving market to chase the increase has also increased. The average production and sales of mainstream manufacturers in Jiangsu and Zhejiang have increased significantly. rose to about 170%.
Polyester production and sales in 2019
The production and sales of polyester yarn can reflect the market situation of the weaving market from the side. Since the price of polyester yarn has been at a low level in 2019, most weaving manufacturers have adopted the “buy as you go” method to purchase raw materials. Therefore, the level of polyester yarn production and sales can also explain the downstream weaving market. good or bad. The recent sluggish production and sales are mainly due to the fact that weaving manufacturers do not have many orders on hand and the demand for polyester yarn is not large. New orders are still not ideal, with most small weaving mills reporting very few transactions recently.
In March 2020, the sales of gray fabrics were average, and the order quantity was reducedIn March 2019, gray fabrics were queued up to get goods, and large quantities were purchased
In the downstream woven fabric market, affected by the decline in crude oil and polyester prices, the market atmosphere for gray fabrics is also relatively solemn, and the peak season also feels like “it has not come despite repeated calls”. Although the transactions of pongee, polyester taffeta and imitation silk gray fabrics are acceptable, the overall trading atmosphere is average. Many textile bosses said that after the start of work, there was a lack of large orders, the number of orders was significantly reduced, and there were even price reduction operations, which made it more difficult for textile bosses to receive orders than in previous years.
In March 2019, both market goods and order goods began to be purchased in large quantities, and the market gradually heated up. The demand for imitation silk products is good. Some manufacturers said they are busy taking orders and delivering goods every day, and the orders can be maintained until at least the beginning of April. T400 gray fabrics already have to queue up to get the goods, which is very busy. In terms of price, due to the arrival of the market, some gray fabric varieties have already increased in price.
Currently, according to data monitoring from China Silk City Network, the inventory of gray fabrics in weaving enterprises in Shengze is about 38 days, while at this time last year, the inventory of gray fabrics had dropped to 34 days. It can also be seen from the inventory that the current market is not as good as in 2019.
In March 2020, the production capacity of printing and dyeing factories increased, but the market was flatIn March 2019, the delivery schedule of printing and dyeing factories was tight, and the market was busy
Although the printing and dyeing factories are busy on the surface, the market is actually average. The current printing and dyeing operation rate is only about 65%, which is equivalent to the production capacity at the end of December last year. The delivery time at that time was also 10 days. From the data point of view, since December last year, the market has only continued and has not risen. The products are not particularly outstanding. Most of them are conventional varieties. Only the number of imitation silk dyeing is slightly outstanding.
In March 2019, the situation of dyeing factories in Shengze area has begun to improve, mainly focusing on T400, imitation memory, High density polyester taffeta etc. Flat-tank products are relatively busy, and the queuing period is also longer, about a month, especially for T400, which accounts for one-half of the dyeing volume. Even from the printing and dyeing markets in Guangdong, Fujian and other places, there are constant reports of rising dyeing fees, queues for gray fabrics, and tight delivery dates. This year, the Guangdong Zhongda Market just resumed trading on March 9, and everything is still recovering initially, let alone the market.
Postscript
Although crude oil crashes, PTA Waiting for the futures limit to fall will not have a direct impact on downstream cloth bosses, but it will affect their confidence in the market. At present, there is no substantial improvement in the upstream and downstream markets. However, the epidemic spreads abroad and the domestic epidemic still exists. The production of the entire textile industry is affected. It will take time to accumulate. In the short term, the market situation is difficult to influence the textile economy.�� form support.
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