International oil prices have reached their highest level in more than seven years, and the cost of polyester filament continues to rise. Yesterday, some companies in the market offered preferential promotions, which led to a slight increase in prices stimulated by costs.
Polyester yarn continues profit trend
Today, PTA prices fell slightly and fluctuated. As the Spring Festival is approaching, market participants are cautious and the overall improvement in polyester production and sales is limited. In the future, polyester filament prices will show a stable trend. However, the current price of polyester filament will continue to be high after yesterday’s promotion. Compared with December 21, as of January 19, polyester filament POY150D has increased from 6975 yuan/ton to 7950 yuan/ton, an increase of 13.98%; DTY150D It rose from 8,550 yuan/ton to 9,500 yuan/ton, an increase of 11.11%; FDY150D rose from 7,200 yuan/ton to 8,150 yuan/ton, an increase of 13.19%.
The profit of polyester filament has also been rising from the previous critical line. As of January 19, the profit of polyester filament POY150D was 375 yuan/ton, the profit of DTY150D was 350 yuan/ton, and the profit of FDY150D was 75 yuan/ton.
The Spring Festival is approaching. Polyester manufacturers canceled the discounts after conducting some promotions yesterday to boost production and sales. The textile market is about to usher in a shutdown. However, although polyester manufacturers have a lot of maintenance, the actual operating rate is not high. Low, and there is no intention of lowering the price. As the foreign situation changes, costs may rise again, and perhaps there will be another price increase instead of the current stabilization state.
The market is expected to improve after the year
It is understood that the performance of the textile and garment industry in 2021 is generally good, and both performance and profits have increased significantly compared with 2020. Since the beginning of the year, the A-share textile and apparel sector has continued to rise. The rise in textile and apparel stocks can also indicate that market confidence has been recovering in the near future.
The recently released national textile and apparel export data has given the market signs of order growth. According to customs statistics, from January to December 2021, the cumulative exports of textiles and clothing were US$315.466 billion, an increase of 8.38%, an increase of 16.17% over 2019, of which textile exports were US$145.203 billion, a decrease of 5.6%, an increase of 20.80% over 2019. Clothing exports amounted to US$170.263 billion, an increase of 24.0% and an increase of 12.48% over 2019.
Recently, some downstream companies have been recruiting temporary workers in the hope of rushing to make more orders. However, a large number of workers whose families are not in the local area need to return home early, and some local workers face relatively high wages. Not everyone is willing to go there. Difficulty in recruiting people is also a problem that textile factories will face before the holidays. But from this we can also see some signals that the market will gradually improve.
It is understood that many companies are already making inventory of spring and summer fabrics so that they can sell the inventory as soon as the Spring Festival is over. This shows that they still maintain a positive attitude towards the market after the new year. Coupled with the rebound in business activity since the fourth quarter, the overall market order volume has improved significantly compared with the same period last year. In terms of foreign trade, there are also signs of improvement.
It is difficult to pass the test. No matter whether the price of raw materials increases or not, the textile bosses still have to hurry up and get back the payment as soon as possible so as to collect more funds. As for whether the gray fabrics in the downstream market will follow the trend of polyester yarn after the year. price, the possibility is still very high in the short term.
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