The conventional fabric market in 2017 can be said to have taken an unusual path. Polyester taffeta has always been the weathervane for changes in the market of conventional fabrics. “Polyester taffeta succeeds and polyester taffeta fails.” Since November, the market for polyester taffeta has plummeted, and the entire fabric market has followed the footsteps of polyester taffeta and entered the off-season market.
1. Trader: Polyester taffeta is an annoying thing…
“When the market is good, you can’t get the goods. When the market is bad, the price drops faster than anyone else!” Boss Jiang, who trades polyester taffeta gray fabrics, told the author. “When the market was going crazy, we couldn’t get the goods even if we paid cash, and the manufacturers were raising prices every day. Some orders were not received because we couldn’t agree on the price and delivery date. Now, finally, when the market has subsided, polyester taffeta goods are no longer available. I was nervous, but I encountered a customer who lowered the price by 10 or 20 cents, and I really couldn’t make any money.”
It is understood that the inventory of polyester taffeta manufacturers is generally high at present. Due to financial pressure, manufacturers sometimes sell goods in the market. This low-price sale by the manufacturer has caused the overall price of polyester taffeta to drop sharply. Taking 290T polyester taffeta as an example, the current market price is 1.9 yuan/meter, and there are also manufacturers on the market selling it for 1.7 yuan/meter. When the market is good, the price has dropped by 0.5-0.6 yuan/meter. The overall market price has fallen. For traders, even if they get the goods, there is not much profit left.
2. Weaving factory: The peak season is gone, the profits are gone, and the money earned in the first half of the year has become inventory again
After entering November, the polyester taffeta market has cooled down rapidly, and polyester taffeta inventories continue to rise. For weaving companies, buying raw materials requires working capital, but the cloth cannot be sold and is backlogged in the warehouse. This creates obvious financial pressure. increased.
In addition to the high financial pressure, there is another thing that makes the weaving factory helpless, and that is the sharp shrinkage of profits.
When the market was good from July to August, each loom in the weaving factory basically made a profit of 100 yuan per day. However, in October the market began to cool down, and the daily profit of polyester taffeta weaving manufacturers also dropped to 50 yuan/unit. However, polyester taffeta manufacturers basically had no inventory in October, so it looked pretty good on the surface.
After entering November, Ditaf really encountered a cold wave. It is understood that the price of polyester taffeta raw material FDY50D/48F rose to 11,950 yuan/ton in November, a month-on-month increase of 350 yuan/ton. With the increase in raw materials, the cost of polyester taffeta increased by about 5 cents/meter. Now, many cloth bosses admit frankly that prices are falling and costs are rising, so there is no profit at all. No cloth can be sold, and all the money earned in the first half of the year is now sitting in the warehouse.
Although the fabric market has entered the off-season, the market for polyester taffeta is not as good as before. However, the editor wants to say that the peak and off-season come every year. As long as manufacturers reasonably arrange production and control inventory, when the spring comes next year, polyester taffeta may be a hero again and usher in another wave of bull market!
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