There is still less than a month left before the textile workers have a holiday. Holiday notices and work stoppage notices have become commonplace. Textile workers can get a short rest. So, as a polyester factory with continuous production, the recent situation So what?
In terms of polyester factories, the weekly sales promotion efforts have begun to slow down. The previous self-disciplined production reduction effect has not been achieved. The current price of polyester filament is showing a stable but falling trend.
Production and sales are sluggish, inventory levels are high
Price drops have become the norm. Two months have passed in the blink of an eye since the polyester promotion started at the end of October. If the polyester factory wants to increase sales, it can only achieve its goal by constantly shouting promotions. Even in many cases, no one is willing to buy into the promotion, but the effect of promotion recently seems to be more effective than in November. It can be seen from the polyester production and sales trend chart in Jiangsu and Zhejiang. Today, the overall production and sales of polyester yarn show a pulse-like trend, with production and sales mainly rising in one day. Since December, the one-day sales of production and sales have coincided with the sales promotion days. consistent.
In fact, this is understandable. The weaving manufacturers in November were in October When raw materials surged, a large amount of goods were stocked up due to the rising buying sentiment. Raw material inventories in the hands of weaving manufacturers were at a high level. Therefore, the sluggish production and sales in November can be said to be caused by >October was overdrafted, so the polyester factory in October was successfully destocked, but soon this illusion was shattered and the inventory The problem of high barriers has reappeared. At present, polyester inventory has returned to a high level. According to data monitoring from Silkdu.com: the overall inventory of the polyester market is now concentrated between 19-29 span> days; in terms of specific products, POY is in stock until 19-22 days, FDY inventory is around 19-20 days, while DTY inventory is Until about 20-28 days.
Promotional price reduction, reduced profits
The most direct impact of falling prices should be the impact on the profits of polyester filaments, which have dropped from over 1,000 in October to double digits now, as of 12 Month17The profit of polyester yarn with regular specifications is:150D FDYThe profit is178yuan/tons, 150D POYprofit is span>308yuan/tons, 150D FDYProfit is78yuan/tons.
After all, the price of polyester yarn continues to fall, and the upstream raw materials have recently stopped the pace of plummeting. The profits of polyester yarn have shrunk suddenly over and over again. In the past, polyester factories maintained a good profit level even if they had sales promotions, because even if polyester yarns were on sale, the upstream PTA would cut prices. The magnitude is larger, which gives polyester factories more room for promotion. However, since PTA is more affected by the cost side, once the decline of crude oil is over, the price will be affected again. Support, began to show an upward trend, so polyester profits plummeted.
Demand decreases, construction starts decrease
Not justThe production and sales of ester factories are sluggish, and the downstream weaving market is also unsatisfactory. While the upstream continues to reduce the load, the weaving operating rate is also adjusting downward, especially entering 12At the end of the year after this month, there will be fewer orders in the terminal apparel industry. According to market research, the current number of orders is not as good as the number placed in November11 As the Spring Festival holiday approaches, textile companies will also consider the delivery date and accept orders as appropriate, mainly small and medium-sized orders.
The current weaving operation rate in Jiangsu and Zhejiang is around 72%. It has been showing a steady but declining trend since the resumption of production capacity in November. After all, the inventory is increasing. It’s not just polyester manufacturers. Downstream woven gray fabric inventories are also rising. Currently, according to data monitored by Silkdu.com, the woven gray fabric inventories in Jiangsu and Zhejiang are at 32.5 days On the left and right, inventories are rising and the market is not good. Downstream inventories are likely to continue to be high in the year ahead.
The duration of raw material promotions is predicted to continue until the end of the year. Although production and sales are not very ideal, they still have a certain effect. For polyester factories, the most urgent goal at present is to clear inventory, and next year After waiting for the market to pick up, polyester manufacturers may once again fall out.
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