The time has come to the end of the year, weaving companies have begun to take holidays one after another, and the polyester market has also announced plans for the Spring Festival.
With the advent of the Spring Festival, the demand for the weaving market has shrunk, and market transactions have The situation has turned sluggish, and most of the polyester factory equipment maintenance has also started at the end of January. The operating rate of the polyester filament industry has dropped significantly recently. As of January 28, preliminary calculations indicate that the domestic polyester comprehensive load is 82.7%.
In addition, the comprehensive operating rate of weaving enterprises in Jiangsu and Zhejiang regions has dropped to about 50%. It is understood that the current weaving enterprises are basically based on For collection matters, the main focus is on withdrawing funds, but on the other hand, several polyester factories in Ningbo have recently begun to vigorously promote sales with rare intensity. According to the Internet, the price of POY75D/36F has even dropped to 5,800 yuan/ton, which is lower than the regular quotation of this specification. The price is close to 1,000 yuan/ton, and the production and sales of these promotional factories almost all exceed 1,000 yuan/ton. At the same time, according to the understanding of downstream weaving companies, some weaving companies are still hoarding raw materials and low-end fabrics at this stage to wait for increases after the holiday.
In general, this year’s high-profit and low-inventory situation in the polyester market, which has not been seen for many years, will benefit from the centralized destocking and destocking of the polyester industry chain upstream and downstream since the end of last year. The significant effect of overcapacity reduction.
The polyester market has accelerated significantly at the end of this year, and some specifications of products from polyester and polyester factories have been significantly oversold. In the downstream textile market, domestic trade has recovered and foreign trade orders have recovered after the domestic epidemic. The rapid development has caused the effective capacity utilization rate to rise, laying a solid foundation of confidence for the downstream market of the polyester industry chain during the Spring Festival.
It is on this basis that the improvement of the market has driven polyester factories to have strong enthusiasm for production. On the other hand, in January, even though it has entered the traditional twelfth lunar month, the operating rate is still at the highest level in the same period in the past three years. End market products are still selling well. Stable downstream demand has become another major factor in the high operating rate of the polyester market.
In recent years, the polyester industry has been characterized by high concentration of production capacity. Major polyester manufacturers have further strengthened their market research, judgment and control. In addition, polyester factories are generally under high load and high demand. Profits and low inventory will lay a good foundation for the polyester market trend in the first half of 21.
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