Multiple rounds of high production and sales in this month!
Inventory dropped to the lowest level since the Spring Festival!
The quotation has been rising for several consecutive trading days!
……
Recently, polyester manufacturers have experienced a “second spring” and feel quite proud of the spring breeze! However, the market situation is like this, with mixed joys and sorrows; profits have become the “pain in the heart” of polyester manufacturers!
In fact, since this year, the mainstream products in the polyester market have Profit performance is often unsatisfactory. In the entire first half of the year, only in the nearly one month period from mid-March to mid-April, the profitability of polyester manufacturers generally improved. Most of the rest of the time, polyester products hover near the profit and loss line, and the same is true in the near future.
Calculated from the statistics of China Silk City Network, since this year , FDY’s overall profit can be regarded as the “best player” among various products. Among them, the profit margin of FDY150D once rose to a high of nearly 1,000 yuan. It has been able to maintain profits in recent times, but most of them are in a small profit state. From the specific price point of view, compared with the same period last year, the profit shrank by nearly 697 yuan/ton. Reached 75.2%.
I have to mention DTY here. The former profit king has been difficult to achieve great benefits this year. It can also be seen from the chart that the profit performance of DTY150D is difficult to improve, and even falls into losses from time to time; in the recent stage, it can only maintain a slight profit, and will fall into a loss situation if not careful. Judging from the current profit comparison, the year-on-year profit of DTY150D has dropped by nearly a thousand yuan, a drop of as much as 97.1%. This gap is really heartbreaking.
As for POY, this year before mid-March, it was almost always in a state of loss, and only became profitable in mid-to-late March; at this stage, it is hovering near the profit and loss line again, with the same significant year-on-year decrease of 682 yuan/ tons, a decrease of around 79.2%.
Profit margins of polyester products , due to the different processes of each company, the calculation results are naturally different, but the low profit is a fact that cannot be ignored. The reason is mainly due to the price factors of polyester filament itself and the impact of cost.
1. The price of polyester filament fell nearly 12% year-on-year
The key for polyester manufacturers to obtain high profits is Only by raising your own price can you better increase your profit margins. Although most of the polyester market quotations have been increasing in recent times, and the prices of various mainstream products have room for increase to varying degrees; however, polyester yarn prices are still at a low level throughout the year. On a year-on-year basis, the difference is even worse.
From the perspective of specific product prices, the recent mainstream quotations of FDY150D revolve around At about 8,350 yuan/ton, the price has not changed much compared with last month; but year-on-year, it has dropped significantly by 1,125 yuan/ton, a decrease of 11.87%. Similarly, the mainstream quotation of POY150D also dropped significantly by 1,110 yuan/ton year-on-year, with a decrease of 12.32%. The most obvious decline was in DTY, among which 150D fell heavily below 10,000 yuan, and recently fell back to 9,450 yuan/ton, a year-on-year decrease of around 11.89%.
2. PTA strongly devours the profits of the polyester industry chain
It is not difficult to find that PTA is definitely the “king” in the polyester industry chain in recent months! Whether it is the rise in international oil prices, the sharp increase in raw material PX, the stimulation of centralized maintenance of PTA equipment, or the explosion of polyester filament production and sales, as long as there is a disturbance in the market, the PTA market will follow. Especially in the second quarter, PTA’s strong pattern almost monopolized the profits of the polyester industry chain and became a “profit point.” In the recent stage, boosted by the positive news from all parties in the market, PTA’s profits have rebounded strongly again and returned to the high level of 1,000 yuan.
3. Weaving manufacturers’ raw material stockpiling and speculation operations decreased
As mentioned in the previous article, a large number of chemical fiber textile companies are vying for land in the central and western regions. After the development of looms in these areas in the past two years, weaving production capacity has experienced leaps and bounds. , as a result, the rigid demand for raw materials still exists; coupled with the fact that the operating rate in Jiangsu and Zhejiang is still at a stable stage, under the favorable stimulation, the polyester market can experience high production and sales from time to time.
But what cannot be ignored is that since June, as the off-season atmosphere of the market has deepened, the transactions of most conventional products have been weak, the market atmosphere of fabrics has further weakened, and the overall enthusiasm has…�There are fewer products; thus, the inventory of weaving manufacturers continues to increase. According to statistics from the China Silk City Network, the current inventory of gray fabrics in Shengze is about 42 days, an increase of about 2-3 days month-on-month; therefore, weaving manufacturers are speculating on stockpiling of raw materials due to various considerations such as funds and inventory. It will be reduced accordingly. It is understood that in the recent period, the raw material inventory of most weaving manufacturers has been around 10-15 days, and some have been around 20-30 days. Compared with last year, the enthusiasm for stocking up is not high.
No matter what, we still hope that all products in the polyester industry chain can Maintain a stable profit level and avoid the differentiation situation of “some people eat and some people drink porridge”. Of course, all price increases in the upstream market ultimately require the support of the terminal market, otherwise everything will be like “a moon in the mirror”! </p
