The Spring Festival holiday is approaching, and the vast majority of textile factories have been suspended for vacation. However, this does not mean that the entire textile market has entered a “vacuum period.” There are still reports of polyester filament price fluctuations from some raw material manufacturers from time to time. On the 26th, early in the morning, polyester factories reported that polyester filament would be on sale for the last time before the year. 2021 has just passed and the world of crude oil has changed dramatically at the beginning of the new year. The situation in Russia and Ukraine has become a “black swan” at the beginning of the year, disrupting the market. Boosted by safe-haven demand driven by geopolitical tensions between Russia and Ukraine, international oil prices have soared to 2021 highs since the end of December. Recently, the situation between Russia and Ukraine has intensified concerns about supply disruptions, and international oil prices have continued to rise by more than 2%. This “black swan” caused a sudden uproar in the world’s crude oil market, and also made the polyester market, which had been silent for a long time, become popular! Compared with December 21, as of January 26, polyester filament POY150D has increased from 6975 yuan/ton to 7650 yuan/ton, an increase of 9.68%; DTY150D has increased from 8550 yuan/ton to 9500 yuan/ton, an increase of 9.68%. 11.11%; FDY150D rose from 7,200 yuan/ton to 8,050 yuan/ton, an increase of 11.81%.
Weaving companies are not very motivated to purchase raw materials
Judging from downstream market research in 2021, textile bosses are not very enthusiastic about stocking raw materials throughout the year. They basically follow the principle of buying and using as they go. Even if they stock up, they will not exceed one month’s consumption. Since the price of polyester yarn increased at the end of December, the enthusiasm of downstream weaving manufacturers has not improved. Even though prices would increase as usual at the beginning of the year, the “buying increase” still failed, and production and sales were light. Polyester manufacturers once again returned to the “promotion” mode, but the market came and went quickly. Only on the promotion day, production and sales exceeded 100, while the rest of the production and sales fell to 40-50%.
As usual, weaving companies will stock up on raw materials every year. This is because polyester filament prices will rise after the Spring Festival. But this year, weaving bosses did not stock up on goods for this reason. This is mainly because the price of polyester yarn has returned to the high point of the year, and the bosses are beginning to be somewhat resistant to this high price. No one wants to buy high-priced raw materials, especially since the price of gray fabrics did not rise in line with the rise in raw materials a year ago, and the profits of gray fabrics have been squeezed repeatedly. In addition, this year’s end-of-year repayments are not ideal and are longer than in previous years. The company’s cash flow is insufficient and it is unable to stock up on goods.
Boosted by geopolitical factors, polyester filament yarns have risen along with upstream raw material prices. However, if geopolitics continues to ferment, it will further drive up the price of polyester raw materials. Then after the start of the new year, there is a high probability that the raw material market will have a “good start” ”, then the rise in gray fabrics will be imminent after the year. However, in order to suppress oil prices, the U.S. Department of Energy announced the release of 13.4 million barrels of crude oil from strategic reserves. It is not ruled out that there will be more new measures to curb the surge in oil prices in the future. Therefore, oil prices are also likely to fall.
Gray fabric prices are expected to rise significantly after the Spring Festival
However, the price of gray fabrics after the year is likely to experience a “good start” and be adjusted upward. There has already been news in the market that the price of gray cloth will rise after the new year. According to annual practice, it will rise somewhat. However, judging from the order wave at the end of the year, the increase in gray fabric prices at the beginning of the year will not be very large, it is just a slight adjustment. Fabric bosses also believe that the increase in gray fabrics is not large, around 10%, which is not much different from previous years. Regardless of the trend of oil prices after the Spring Festival, gray fabric prices will be increased, and oil prices will determine the extent of the increase. In addition, there are some orders left over from the “closed door” market situation two years ago, and orders for the new season will be issued one after another after the Spring Festival. From the perspective of demand, the downstream industry is more likely to have a “good start”. This has also contributed to the rise in gray fabric prices, and coupled with the psychology of weaving companies that are eager to increase their profits due to cost squeezes, the probability of gray fabric prices increasing again after the year. However, it is impossible for the market to return to the low prices from May to June last year. Recently, the market has been receiving news of price increases across the entire industry chain. For example, the price of disperse dyes has increased, and freight rates have continued to rise. This shows that the future of textiles Market costs may still rise, and perhaps today’s high price will be tomorrow’s low price!
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As usual, weaving companies will stock up on raw materials every year. This is because polyester filament prices will rise after the Spring Festival. But this year, weaving bosses did not stock up on goods for this reason. This is mainly because the price of polyester yarn has returned to the high point of the year, and the bosses are beginning to be somewhat resistant to this high price. No one wants to buy high-priced raw materials, especially since the price of gray fabrics did not rise in line with the rise in raw materials a year ago, and the profits of gray fabrics have been squeezed repeatedly. In addition, this year’s end-of-year repayments are not ideal and are longer than in previous years. The company’s cash flow is insufficient and it is unable to stock up on goods.
Boosted by geopolitical factors, polyester filament yarns have risen along with upstream raw material prices. However, if geopolitics continues to ferment, it will further drive up the price of polyester raw materials. Then after the start of the new year, there is a high probability that the raw material market will have a “good start” ”, then the rise in gray fabrics will be imminent after the year. However, in order to suppress oil prices, the U.S. Department of Energy announced the release of 13.4 million barrels of crude oil from strategic reserves. It is not ruled out that there will be more new measures to curb the surge in oil prices in the future. Therefore, oil prices are also likely to fall.
Gray fabric prices are expected to rise significantly after the Spring Festival
However, the price of gray fabrics after the year is likely to experience a “good start” and be adjusted upward. There has already been news in the market that the price of gray cloth will rise after the new year. According to annual practice, it will rise somewhat. However, judging from the order wave at the end of the year, the increase in gray fabric prices at the beginning of the year will not be very large, it is just a slight adjustment. Fabric bosses also believe that the increase in gray fabrics is not large, around 10%, which is not much different from previous years. Regardless of the trend of oil prices after the Spring Festival, gray fabric prices will be increased, and oil prices will determine the extent of the increase. In addition, there are some orders left over from the “closed door” market situation two years ago, and orders for the new season will be issued one after another after the Spring Festival. From the perspective of demand, the downstream industry is more likely to have a “good start”. This has also contributed to the rise in gray fabric prices, and coupled with the psychology of weaving companies that are eager to increase their profits due to cost squeezes, the probability of gray fabric prices increasing again after the year. However, it is impossible for the market to return to the low prices from May to June last year. Recently, the market has been receiving news of price increases across the entire industry chain. For example, the price of disperse dyes has increased, and freight rates have continued to rise. This shows that the future of textiles Market costs may still rise, and perhaps today’s high price will be tomorrow’s low price!
About 10%, not much different from previous years. Regardless of the trend of oil prices after the Spring Festival, gray fabric prices will be increased, and oil prices will determine the extent of the increase. In addition, there are some orders left over from the “closed door” market situation two years ago, and orders for the new season will be issued one after another after the Spring Festival. From the perspective of demand, the downstream industry is more likely to have a “good start”. This has also contributed to the rise in gray fabric prices, and coupled with the psychology of weaving companies that are eager to increase their profits due to cost squeezes, the probability of gray fabric prices increasing again after the year. However, it is impossible for the market to return to the low prices from May to June last year. Recently, the market has been receiving news of price increases across the entire industry chain. For example, the price of disperse dyes has increased, and freight rates have continued to rise. This shows that the future of textiles Market costs may still rise, and perhaps today’s high price will be tomorrow’s low price!
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