Polyester prices have been falling recently, and the production and sales of polyester filament are not optimistic. In just one month, the price of polyester dropped by more than 2,000 yuan. Yuan / ton.
According to data monitoring from China Silk City Network, starting from September, the inventory of polyester yarn began to gradually rise. , overcapacity has affected the weak trend of polyester yarn, and downstream weaving companies are also keeping a close eye on the price of polyester yarn. Everyone is curious, what will happen to polyester yarn next? What is the current mentality of weaving companies?
Mainstream polyester factories plan to reduce production
In response to the plummeting polyester yarn, polyester factories have also begun to save themselves. Recently, a filament supply-side seminar was held, and Shengze’s mainstream polyester factories began to plan to reduce production! It is understood that after November 12, polyester factories in Jiangsu and Zhejiang issued multiple production reduction orders. Mainstream polyester factories have joined this production reduction team. Tongkun reduced production by 1,800 tons, Xinfengming reduced production by 1,400 tons, and Shenghong reduced production by 400 tons.
Whether these measures by polyester factories can stabilize the price of polyester yarn, we still need to wait and see. In addition, the editor visited some local weaving companies and learned about their views on polyester. Generally speaking, the recent situation in the polyester market is not clear.
View 1: With the production reduction conference held, polyester yarn is operating stably, and raw materials can be purchased as needed
Mr. Ding from Suzhou Fengxin Weaving said that polyester yarn may remain stable in the future, because polyester factories have begun to hold production reduction meetings, so it seems that polyester yarn should remain stable for a while. Based on my years of experience in the market, I predict that there may be a small rise after the market stabilizes, and it may fall and then rise near the end of the year. But this is just my current guess. It’s hard to predict the future market situation. We will prepare small quantities and multiple times according to our own production needs.
Opinion 2: Polyester yarn may slump and continue to be in the doldrums, so you need to be cautious in purchasing raw materials
Suzhou Weining Silk Textile Manager Li of the Co., Ltd. said that it is difficult to say the current situation of polyester yarn. Starting from August and September, the market demand began to shrink. The overall market demand is small, and the demand for ready-made garments is small. The market orders are relatively deserted, and the downstream purchasing power is Insufficient; in addition, due to excess polyester production capacity and large inventory, prices have been falling again. Now the overall economic environment is not good, so polyester needs to survive a period of downturn. At present, the factory has not yet reached the procurement cycle, and there is no end to the decline, so we will still purchase raw materials carefully, maybe it will drop again.
View 3: Polyester yarn may rise steadily, it is time to purchase some goods
Mr. Hu from Suzhou Lihe Textile said that polyester yarn will rise if it falls slightly. The price of polyester yarn is like a stock. It is normal to rise and fall. Under normal circumstances, there will be a slight drop before the new year and then rise after the new year; because the shutdown rate is high before the new year and there are few customers at the end of the year, the polyester yarn will also fall accordingly; after the Chinese New Year, if more people are recruited, the market will also be better. After a wave, polyester yarn will also rise accordingly. Now, polyester yarn has been falling for so long, and the price has also dropped by several thousand. It may be time to turn around. It is predicted that polyester yarn will have an upward trend, so we plan to take stock of the goods.
Crude oil fell sharply, and the rise in polyester filament failed at first sight
According to reports, in the early hours of Tuesday morning Beijing time, Trump expressed the hope that Saudi Arabia and OPEC would not cut production. He believed that based on supply, oil prices should be much lower.
In addition, according to Reuters, analysts at Bank of America Merrill Lynch said that U.S. crude oil production is sky-high, coupled with increased exports from Saudi Arabia and Russia, the market balance is beginning to be affected, and global crude oil Inventory will increase again. Saudi Arabia’s production in October exceeded the production reduction commitment for the first time, and U.S. crude oil production continued to rise. This caused concerns about oversupply of crude oil to continue to rise, and bearish sentiment flooded the entire market.
To close down for 12 consecutive trading days is a situation that has not been seen since the 1980s, setting a record for the longest losing streak in history. WTI fell 4.24 to 55.69; Brent fell 4.65 to 65.47. The SC1812 contract rose 1.1 points to 492.7 yuan/barrel, but fell 24.7 points to 468 yuan/barrel in night trading.
Xiao Yang, a salesperson at a polyester factory, also said that he originally expected polyester prices to rise today, but unexpectedly, Crude oil has fallen sharply, and the price increase of polyester yarn will also be put on hold. The cloth bosses have just stuffed their purchase money back, and it is still warm.
To sum up, the current situation is really unclear. From the perspective of polyester itself, overcapacity and high inventory suppress Wearing polyester yarn; in order to relieve inventory pressure, the production reduction conference held by polyester yarn is about to be gradually implemented, but it is also facing the impact of falling crude oil! Weaving companies are also a little confused about this. At this point, do you want to buy some raw materials? ?
Conclusion
The editor believes that in the short term, it will be difficult for polyester yarn to turn around all of a sudden. However, with the implementation of the production reduction plan, downstream weaving companies also have rigid needs, and it should take some time to rise. At present, the downstream weaving industry Attention is also very high. The rise and fall of polyester yarns affects the hearts of textile people. What will happen to the polyester yarn market in the future? Can it stand out from the tight siege? Do you need to stock up on goods in the past few days? As a market You professionals, come and tell me your opinion!
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