At the end of September, polyester filament sales were booming before the holiday. Production and sales exceeded 100% or even approached 200% for three consecutive days, finally ushering in a wave of sales! The market, which has been in a downturn since September, has been boosted, which suddenly ignited the confidence of textile workers. The “Silver Ten” is not a dream!
The polyester industry suddenly rebounded at the end of the month. Although there is a possibility of stocking up before the National Day, it somewhat indicates that the October peak season is coming. It is expected that the market will be favorable in October, and market orders are expected to increase. At present, the overall orders for water-jet looms in Jiangsu and Zhejiang are relatively stable, with the start-up level remaining at 70-80%. The inventory level of weaving manufacturers is not high at about 29 days. At the end of September, a batch of gray fabrics was shipped in large quantities in order to stock up before the holiday. Coupled with the recent record highs of Brent crude oil and domestic crude oil futures, polyester filament may usher in an inflection point. Therefore, orders for fabrics are gradually recovering after the holidays and may get better and better.
Weaving companies are quite confident in the “Silver Ten”
The author specially interviewed several downstream companies and learned about How they view October. Mr. Sun of a gallbladder company in Shengze said that during the National Day holiday, they have been stepping up stocking up. In the next month, it will be Double Eleven, and then Double Twelve. Time is running out, and we need to Step up stocking up. With the arrival of October, the weather is getting cooler day by day, and the price of gallbladder is also going up. Bile cloth has always been shipped in large quantities, and with the purchase before the Double Festival, large quantities of ready stock are required, so the most important thing at the moment is to stock up.
Mr. Li of a trading company in Shengze told the author, “After returning from the Shanghai exhibition, many guests have I asked to send samples for proofing. The Shanghai Exhibition has always been the benchmark for the second half of the year, and there are still quite a lot of customers this time. After the holidays, I also received some orders one after another. I feel that the market in the second half of the year is about to pick up, and it should not be available in October. Bad.”
Double Festival stockings drive the market to a positive direction
Some market participants predict that Double Eleven may be the market trend This is a turning point for the better, and Double Twelve may also be the second turning point. In order to cope with the delivery time and inventory of these two festivals, a small upsurge in stocking may begin. Many garment factories and traders will take advantage of this node to place orders in advance, and weaving manufacturers will also take advantage of the trend to destock, laying the foundation for the market to continue to improve. According to the practice of previous years, the double festival will increase the stocking demand of downstream terminals and increase the sales volume of fabrics. Therefore, the overall market situation is about to improve!
In general, the boost of the polyester market and the weather vane of the Shanghai Exhibition have given most weaving companies relatively optimistic expectations for the market outlook. However, the lack of gold in gold has a great impact on the confidence of market participants. It is recommended that everyone prepare rationally according to their own order situation. </p
