As the Spring Festival is approaching, terminal companies have seized the tail end of the year and begun to place orders. For polyester factories, how to seize this wave of market conditions and clear their inventories before the Spring Festival has become the main task.
The cost side stops falling and rebounds
Therefore, with the rebound in terminal orders under the background of optimization of epidemic prevention and control and the stimulation of some buyers’ bargain hunting operations, the polyester market stopped falling and rebounded in the second half of the week.
A week ago, PTA was kicked out of the 5,000 yuan/ton price, but it seemed to smell a crisis. PTA has hit an upward turning point starting from the price of 5,046 yuan/ton. As of December The internal PTA quotation on the 12th has returned to 5,220 yuan/ton, an increase of 3.5% in four working days. Why did PTA, which had been declining all the way, suddenly come back to life?
First of all, we must pay attention to the upstream of PTA. Previously, the crude oil side was constantly testing downwards. Therefore, the price of PTA could only fall when demand and costs were weak. However, now the crude oil side has also begun to rise again. Superimposed on the downstream market, with the easing of public health policies, the demand side has also gained some support as the market improved. Therefore, PTA prices stopped falling and rebounded, sweeping away the previous decline.
Weaving market demand rebounds
It has been said before that this year’s market situation may have ended by mid-December, but judging from the current situation, this year’s market situation may have “just begun.” Of course, the holiday is still necessary. However, the unified caliber previously said that in Weaving companies that have holidays in mid-December or the end of the month have also changed their minds. Some bosses said: “It’s too late to place orders now. It is estimated that the holidays will not be until mid-January.” And bosses who do not have so many orders also said they will wait until January. There will be another holiday in the first ten days of the month.
Judging from the operating rate of the weaving market, last week, the weaving operating rate in Jiangsu and Zhejiang was finally raised, from 58.6% to 59.1%, an increase of 0.5%, while gray fabric inventory was released due to market conditions, from 38.2 The number of days has dropped to 38 days. Although it is not much, from the perspective of this year, this is an inflection point. This year, gray cloth stocks have continued to rise due to the cold market. This seems to be 0.2 days, but it does send a signal to the market that the market is improving. .
At this point, it can be found that polyester yarn is now under the dual support of cost and demand. The atmosphere has reached this point. If the polyester factory does not increase, it will be sorry for itself. However, the editor predicts that the polyester factory will soon stop this situation. A rally.
First of all, although the price of polyester yarn is rising, have you ever seen a polyester factory increase the price so cautiously? It seems that you are afraid that the price will rise too much and the textile bosses will not buy it. The price rises by 50-100 yuan/ton every day. This shows that the price of polyester yarn is rising. The ester factory itself still lacks confidence. By raising the price slightly, the change in consumption will lead to a qualitative change, which will not put too much pressure on the textile boss.
Secondly, the reason why the polyester factory is cautious is its own problems. The excessive inventory left before is definitely thinking of releasing more as the market improves this time, but it must balance the price increase and destocking. This is the current problem for polyester factories, and after the trial of a slight increase in polyester factories ends, polyester yarn will slowly lower its head and let go of its current high profile.
Therefore, in the short term, under the dual support of demand and cost, the possibility of polyester yarn continuing to rise slightly is quite high, but in the long term, it is difficult for polyester yarn to continue the current upward trend.
</p
