After the May Day holiday, driven by the rise in crude oil and polyester manufacturers trying to repair early cash flow losses, polyester filament prices have been raised several times.
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Polyester prices rise, production and sales pick up
Before the holiday, polyester filament went through many promotions, and the price seemed to have dropped. But this post-holiday rise has pushed prices to high levels. Specifically, POY150D rose from 7700 yuan/ton to 7980 yuan/ton, an increase of 3.64%; DTY150D rose from 9200 yuan/ton to 9400 yuan/ton, an increase of 2.17%; FDY150D rose from 8380 yuan/ton to 8680 Yuan/ton, an increase of 3.58%. In just one week, the increase reached 3%.
Some textile netizens said that the price of polyester yarn has increased by 500 yuan/ton compared with before May Day. Some netizens lamented that polyester prices have gone up like crazy. It can be seen that this wave of polyester market prices has caused downstream fluctuations, which have been affected both psychologically and in actual market conditions.
Through this price increase, we found that the “buy up” mentality of weaving companies seems to be back. On the 5th, the average production and sales reached 199.9%, with the highest production and sales reaching 400%. Pulse production and sales reappeared, and the purchasing desire of downstream weaving companies returned again.
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The upward trend of polyester yarn drives the shipment of gray fabrics
While polyester prices are rising rapidly, the downstream weaving market has also been boosted. The trading atmosphere for gray fabrics has improved and transactions are booming. Many manufacturers have received many large orders with quantities exceeding 10,000, or even orders exceeding one million.
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A weaving company specializing in the production of pongee said that since the May Day holiday, hundreds of thousands of meters of pongee have been sold every day. Some customers even buy one trailer at a time. The market is particularly hot. It is really a market that has not been seen for a long time!
“One million meters of gall cloth were shipped in one day. Such a large order has almost never happened this year! Now the raw materials have been rising, and our gall cloth prices have not increased, so old customers have taken a lot of goods.” A gall cloth boss said with a happy face .
After May Day, the epidemic situation in Jiangsu and Zhejiang areas improved widely, and catalyzed by the continuous rise of raw materials, those orders that had been delayed in the early stage finally came. Especially at present, raw materials have reached high levels again, but the prices of downstream gray fabrics and fabrics have dropped to low levels due to the lack of early orders. It is a good time to buy the bottom. Therefore, some of the gray fabrics that have been shipped recently are stockpiled by traders. In this regard, it can also be seen from the dyeing factory. According to feedback from the dyeing factory salesperson, a lot of gray fabrics have been brought into the dyeing factory recently, but they are not dyed. They are traders stocking up at the dyeing factory.
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This is indeed a good time to buy at the bottom and stock up, but the future market situation is still unclear and highly variable. The editor still reminds textile people to be cautious when stocking up.
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Order placement is still subject to restrictions
On the one hand, although market demand and orders will also increase as the epidemic improves, there are still many areas across the country where confirmed cases of COVID-19 are increasing. From a national perspective, the recovery of the entire market and logistics is still limited. As the temperature rises, some summer clothing orders can be brought, but demand is still limited, which means that it may be difficult to continue to place these orders.
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Polyester prices are at risk of falling
On the other hand, although international crude oil is more likely to continue to rise because OPEC oil production may continue to fail to meet standards in April, and OPEC+ may adhere to the current policy of moderately increasing production month by month, polyester yarn inventories in polyester factories are still high. This will restrict the continued rise in polyester prices. Therefore, there is a possibility that the price of polyester yarn will fall in the future. By then, the current gray fabric price may no longer be the lowest price.
In the short term, with the support of high oil prices and the initial results of polyester destocking, polyester prices will be difficult to lower in the short term and may gradually move up. However, the price of gray fabrics will not rise for the time being due to the increase in raw material prices, and some manufacturers have taken the opportunity to offer discounts. Therefore, if the manufacturer has an order in hand, it can place the order for production as soon as possible. After all, it is safe to leave the bag.
In any case, the booming transaction of gray fabrics is the most exciting thing in the past four months or so. The entire upstream and downstream industrial chain has been affected. The “Gold, Three, Silver and Four” are no longer available, but “Red May” may surprise people.
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