Buy Fabric Fabric News Major polyester manufacturers plan to reduce production, shipping costs are skyrocketing, and printing and dyeing plants are also suspending production… The Golden Three is over, will the Silver Four be okay?

Major polyester manufacturers plan to reduce production, shipping costs are skyrocketing, and printing and dyeing plants are also suspending production… The Golden Three is over, will the Silver Four be okay?



Inventory·The most valuable hot spots of the week This week major polyester manufacturers plan to reduce production, sea freight has soared 4 times, Sijiqing has resumed business, …

Inventory·The most valuable hot spots of the week

This week major polyester manufacturers plan to reduce production, sea freight has soared 4 times, Sijiqing has resumed business, and printing and dyeing factories have also suspended production!

Let’s take a look at what’s new this week!

Polyester manufacturers plan to reduce production!

The negative feedback on the textile and chemical fiber market caused by the epidemic has intensified! As inventory pressure increases, polyester factories have plans to jointly reduce production.

It is reported that three major polyester manufacturers have reached a joint production reduction agreement, with the production reduction reaching 25%. The specific implementation has not yet been confirmed. The current total production capacity of the four major polyester manufacturers is 22.92 million tons, accounting for about 34.3% of the total polyester production capacity. Considering the actual production reduction, the actual production reduction may be It will be lower than the agreed range. Based on the calculation of rotation reduction, the impact of production reduction on polyester in January is about 2.5%-3.5% (if the 25% production reduction is strictly implemented and the rotation reduction is implemented, the impact on polyester will be about 4.4%).

The editor has something to say: As the contradiction between supply and demand gradually expands, the profits of polyester filament are squeezed in the first quarter. Fortunately, the news of maintenance of major polyester factories may be able to alleviate the decline in the short term. However, if the new production capacity of polyester filament is put into operation in the second quarter, the profit will still remain the same. , it may be difficult to make major improvements on the supply side.

Sea freight has soared 4 times!

A textile foreign trade manager revealed: “There happened to be a batch of goods to be exported recently. They were originally exported from Shanghai, but recently even trucks can’t get in and leave Shanghai. So we can only switch to Ningbo Port, but now everyone is in Going through Ningbo Port, the warehouse space is also very tight, and many logistics do not go to Ningbo Port, which is also very difficult. I finally booked a warehouse, but the shipping fee was 4 times the usual price!”

Shipping prices have been soaring for two years, but waiting for ships to arrive is still a severe situation faced by foreign trade companies. Along with repeated “no-show” shipping schedules, there are also rising freight rates. The current Ningbo export container freight index has increased by more than 74% compared with the same period last year, which is equivalent to more than four times that of the same period in 2020.

It is understood that the freight rate for a 40-foot standard container on the European route is around US$14,000. In the same period in 2021, the freight rate will be around US$8,600; for the US East and US West routes with relatively large cargo volumes, there is currently a general price increase in the market. .

The editor has something to say: Today’s time has also come to the eve of Qingming Festival. It is the time when trading companies are rushing to ship goods, which once again caused congestion at the port. The poor supply chain has intensified the contradiction between supply and demand. From the perspective of shipping demand and shipping capacity supply, there is still room for shipping freight to rise.

Sijiqing resumes business

Previously, the Hangzhou region was hampered by the epidemic, and the important textile market Hangzhou Sijiqing Xinhangpai Casual Clothing City was closed. Now with effective control, the relevant areas have lifted the “three-zone” control measures and resumed normal epidemic prevention and control. China’s light Operators of the Textile City Clothing and Accessories Market have welcomed the “unblocking” of purchasing goods on March 28.

It is reported that at the east gate of China Textile City Clothing and Apparel Market, two “Jinbei” cars will take market operators to Hangzhou Sijiqing Xinhangpai Casual Clothing City early in the morning every day to purchase goods, and return around 11 noon. Many operators have connected with manufacturers and shipped goods directly to the car. The first shipment after the ban was lifted on March 28, the business owners have gained a lot, which has made the clothing and apparel market “moving” after being quiet for more than half a month.

The editor has something to say: Sijiqing has resumed business, the clothing market has begun to operate, and the downstream weaving market may be able to receive a wave of orders.

The printing and dyeing factory has also stopped production!

Following the voluntary suspension of production in weaving factories, printing and dyeing factories have joined the list of restricted production suspensions! This gust of wind blew from weaving and finishing to various industries such as printing and dyeing. Overnight, various news of production suspensions came to our faces, causing quite a stir.

The editor has something to say: The impact of printing and dyeing plants and finishing plants on the entire market.� is larger. The fabrics produced by printing, dyeing and finishing factories are all specially made according to orders, and there is basically no inventory to replace them. Therefore, once production is stopped, the entire order will be suspended.

Market review

Bulk textile raw material market

profit

Production and sales inventory

In terms of production and sales, the price of polyester yarn in the market this week was stable, with insufficient downstream demand and weak demand for replenishment. The overall production and sales were between 30% and 60%.

In terms of inventory, according to the statistics of Silkdu.com, the overall inventory of the polyester market is now concentrated in 22-26 days; in terms of specific products, POY inventory is around 22-28 days, FDY inventory is around 19-22 days, and DTY The inventory lasts for about 23-26 days.

Outlook

The Golden Three has passed, and the Tomb Sweeping Day holiday is about to begin. The market this week is still not as it should be during the peak season. After the Tomb Sweeping Day, it will officially enter the Silver Fourth, and market demand may increase.
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Author: clsrich

 
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