Selling like crazy! Production and sales increased by as much as 200% in one day! What happened that made textile people suddenly buy raw materials? Since October, the price of polyester has continued to hit the bottom, and no one has bought it. As everyone knows, there are no orders. Instead of buying the raw materials and putting them on your own side, it is better to let the upstream bear the inventory. Therefore, the production and sales of polyester have not been Very ideal.
Judging from the chart, the circled part is the polyester production and sales since October. It can be seen that in this whole month, production and sales only surged for two days. Looking forward to October, there were only two or three days when the sales exceeded 100. Production and sales, so there must be other reasons for the surge in production and sales at this time.
Polyester factory calls for rise
The most fundamental reason for the increase in production and sales yesterday is that polyester factories have announced that they will raise prices. After all, it has been falling for almost two months. It is time for a small rebound after hitting the bottom. Textile people are worried about rising procurement costs in the future and are focusing on covering their positions. It is understandable. , the magic weapon of “buy up but not down” is also a tried and tested method for polyester factories.
After all, for polyester factories, the effect of continuous profit-sharing promotions is getting worse and worse. It is almost ineffective. Textile people are not very willing to purchase. The continuous decline in prices has made downstream companies worry that prices will continue to decline. Too much I’m worried about buying at a high price. At this time, calling up can best gain trust.
Polyester profits have been falling with prices
In addition to arousing rising buying sentiment in the downstream, the price of polyester filament has indeed reached a point where it has to rise a little. After entering November, the price of polyester filament fell sharply, and the demand from the downstream has been weak, and the polyester filament market has remained weak and stable. During the operation, the transaction volume continued to decline, while the cost side was relatively strong, and the profits of polyester filament yarn were rapidly squeezed.
According to polyester profits calculated by Silkdu.com, 150D POY has lost money to 503 yuan/ton, and polyester factories can only raise prices amid the huge decline in profits. And for polyester yarn, the biggest problem now is that downstream demand is still weakening. Poor demand makes it difficult for the industry to destock, and market prices and profits are difficult to repair. Therefore, raising prices now can only slightly reduce the extent of losses.
Follow the correct procurement rhythm
Of course, a shout from a polyester factory can bring about production and sales. It seems that the effect was not that good before this year, but why is the effect so significant this time? Or maybe it’s because you’re looking for a good time. Nowadays, weaving factories basically need to purchase raw materials. It’s either fifteen days or a month. The time now is at the end of the month. No matter which way you purchase, there is always a certain amount of time in these two days. Rigid demand.
However, it is worth noting that we have now entered December. Since the beginning of November, many weaving companies have said that they will start preparing for the annual holiday in mid-December this year. According to the editor’s research, because Due to public health reasons, some manufacturers have planned to take a three-day trial holiday in early December and then resume production according to the situation. Therefore, the demand for raw materials may drop sharply afterwards. This explosion of production and sales may be the last carnival of the year!
There is little room for polyester prices to rise
Polyester factories are shouting for joy now, but can this shout last long? I don’t think this voice can last long. The problems faced by polyester factories now cannot be solved by just shouting.
First of all, polyester inventory is already ridiculously high. According to statistics from Silkdu.com, the overall inventory in the polyester market is now concentrated at 30-34 days. In terms of specific products, POY inventory is at 30-33 days, and FDY is at 30-33 days. The inventory is around 24-32 days, while the DTY inventory is around 29-34 days.
Secondly, the current textile market is still light, and the weaving operation rate continues to decrease. The average weaving operation rate in Jiangsu and Zhejiang is around 60%, down 3.1% from last week, and has been falling week by week in the past five weeks, superimposed on the fact that orders are relatively low. As mentioned above, weaving companies have considered taking holidays, so polyester demand is expected to decline sharply in December.
From the current point of view, in the case of sluggish demand, cost-end support will be the key to whether polyester yarn prices can continue to rise. In the short term, without obvious support from the macroeconomic cost side, the polyester yarn rising channel is still not smooth. , the price of polyester yarn will still be in a weak and volatile situation next month.
</p
