On December 6, mainstream polyester manufacturers in Jiangsu and Zhejiang made price adjustments, and polyester filament specifications increased by 50-100 yuan/ton.
Polyester filament bottoms out
At the end of November, the price of some specifications of polyester filament had reached the lowest level for the year. At that time, the editor predicted that it was likely to bottom out and rebound. Sure enough, since December, the price of polyester filament has continued to rise slightly. So far, POY150D has increased from 6670 yuan/ton to 6930 yuan/ton, an increase of 3.90%; DTY150D has increased from 7850 yuan/ton to 8050 yuan/ton, an increase of 2.55%; FDY150D has increased from 7530 yuan/ton to 7750 yuan/ton. tons, an increase of 2.92%.
The ups and downs of polyester raw materials have been the norm in recent years, but just as the new year is approaching, many cloth bosses have raised the price of gray cloth due to the increase in polyester filament, which can be described as “unprecedented in a century.” Although this statement is a bit exaggerated, it is really not easy to increase the price of gray cloth this year. We usually see cloth bosses lowering the price again and again to sell goods. But this time, in the face of rising raw material prices, the cloth boss randomly adjusted the price of gray cloth, and the previous discounts were immediately cancelled.
Gray fabric price cancels 0.2-0.3 yuan/meter discount
It is understood that in late November, as the price of raw materials fell to the lowest level of the year and the market fell rapidly, the price of gray fabrics also declined more and more. According to a cloth boss who produces four-way elastic and high-elastic fabrics, the price of gray fabrics dropped by 0.2-0.3 yuan/meter in November. Nowadays, after the price increase of raw materials, the discount is cancelled, which means that the price of gray fabric will rise by 0.2-0.3 yuan/meter.
This round of gray fabric price increases does come a bit suddenly! So what is the reason that makes gray cloth suddenly “turn over and start singing”?
01Demand has picked up slightly, driving up prices
The most important aspect is that in December, due to the strongest cold wave, the temperature continued to drop, resulting in a rebound in clothing buying sentiment. According to reports from the clothing market, down jackets, cotton jackets, fleece pants, snow boots and other cold-proof clothing all sold out overnight! Winter has entered overnight and there is snowfall on the 2nd. People have not yet been able to adapt to the low temperature weather. Therefore, there is a strong demand for warm clothing, thus restoring the purchase momentum of clothing. Entering December, the weaving market situation improved slightly due to the cold wave. Fabric traders received some duplicate orders and supplementary orders, and the atmosphere for goods taking increased slightly. At this time, the rising prices of raw materials have indeed successfully boosted the price increase of gray fabrics.
02Factory re-adjusts prices for next year
On the other hand, many manufacturers began to take the Spring Festival holiday as early as early November, and as December entered, the number of manufacturers taking the holiday gradually increased. Therefore, we can also see that the operating rate of weaving manufacturers is declining. As of now, the operating rate of water-jet and air-jet weaving manufacturers in Shengze is only 58.6%. There will still be a downward trend in the later period, and not many manufacturers are willing to insist on production. Later, some specifications with limited inventory may be out of stock, so manufacturers will increase prices. In addition, since the factory has decided to take a holiday, it does not care whether the goods can be shipped in the future. Instead of lowering the price and selling goods, it is better to take this opportunity to raise the price and re-price it, so that the low price will not continue next year.
03 News boosts confidence
Finally, recent public health incidents are still the focus of the market, and news of large-scale cancellation of nucleic acid monitoring has been overwhelming. Stimulated by this news, confidence in the downstream woven fabric market has recovered. The easing of public health incidents also means that the economy will officially be on track in the later period, and economic recovery is just around the corner. For this reason, some textile professionals predict that from the end of this year to next year, the market for polyester raw materials will show an upward trend, and it will be difficult to achieve the current low prices. Then, whether from the perspective of the cost side of polyester or the demand side of gray cloth itself, the market for gray cloth next year will also show an upward trend.
Although it is not a good thing for fabric traders and clothing companies to increase the price of gray fabrics, the price increase means that the market is heating up. The increase in demand is far more important than the price. Only orders have more bargaining power. Perhaps at this time, some textile workers are still regretting that they did not place an order early or purchase gray fabric in advance, but the editor would like to remind everyone that it is not too late to place an order now. As the New Year is approaching, it is very necessary to produce in advance!
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