It will be mid-January soon, and the Spring Festival is approaching. Except for some production restrictions and early rest, the holiday time of weaving companies is generally linked to the holiday time of dyeing factories. At present, many dyeing factories and thermal power plants have also issued holiday notices, and the holidays are basically maintained in mid-to-late January.
It stands to reason that as the Chinese New Year is approaching, the price increase of polyester yarn should stop. However, polyester yarn has not gone as expected. As of January 13, polyester yarn has been rising for thirteen consecutive days! For many days, major factories have been increasing their prices by 50-100 yuan/ton every day. This time, the “closed door red” news is so loud that people can’t help but sweat!
Upstream raw material prices rise
After experiencing a slight correction in the past few days, the prices of PTA and ethylene glycol rose again.
In terms of PTA, the main force of PTA futures has continued to rise and has already exceeded the 5,000 point mark. It closed at 5,256 points on the 13th;
In terms of ethylene glycol futures, after a brief decline and adjustment, it began to rise continuously, also above 5,000 points, closing at 5,199 points on the 13th.
The continuous increase in cost has also given the confidence to increase the price of polyester yarn. Since the price of polyester yarn began to increase continuously, although the price has been slightly increased each time, as of January 13, the price of polyester yarn has increased by 6-700 yuan. /Ton. Some polyester products were also subject to price increases, and finally turned losses into profits, with profits improving significantly.
Polyester equipment is being overhauled one after another
Starting in January, many polyester plants began to shut down for maintenance. According to incomplete statistics, a total of nearly 4 million tons were shut down for maintenance during the Spring Festival. It is not ruled out that other polyester plants will shut down for maintenance after the Spring Festival.
On January 4, a 200,000-ton polyester filament installation in Anji was shut down for maintenance.
On January 10, a 400,000-ton polyester filament staple plant in Ningbo was shut down for maintenance.
On January 12, a 220,000-ton filament slicing device in Weifang was shut down for maintenance.
On January 13, two 200,000+250,000-ton polyester plants in Fujian were shut down for maintenance.
On January 15, a 250,000-ton filament installation in Taicang is scheduled to be shut down for maintenance in the near future.
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Most polyester plants are mainly shut down for maintenance in the middle of the year, so as of last Friday, the load of the polyester plant was at 85.4%. After the above devices are overhauled, the load will decrease, and the decrease in load is partly due to This has led to price increases at polyester factories.
Price increases are expected to continue after the year
The continuous increase in the price of polyester yarn this time actually reflects the demand from the downstream to replenish positions. The rush to make orders at the end of the year will also come to an end. The raw materials previously stored have almost been used up. In addition, the price of polyester yarn has only risen but not fallen. The downstream sentiment of buying up and not buying down has increased. All changes in polyester prices after the beginning of next year will be based on the current polyester price benchmark.
Nowadays, polyester manufacturers have paved the way until the end of the year. For polyester factories, whether the current production and sales can always maintain a good state is not what they care about most. What is more important is to establish a strong polyester price for weaving enterprises. confidence, which will be beneficial to polyester factories’ destocking and price operations after the start of the new year.
But in fact, amid the continuous price increases, many downstream companies have also stocked up on the raw materials they need. Faced with the rising trend that still continues, some companies are bullish. For many days in a row, the production and sales of some polyester manufacturers have exceeded 100, and the average production and sales At about 60%. But we also need to pay attention to the fact that polyester yarn will eventually fall. Now polyester yarn profits have improved, but if polyester yarn production and sales continue to decline in the future, there will eventually be a day of sales promotion.
After a slight correction in the past two days, PTA and other prices have started to rise again. Polyester yarns are also continuing an upward trend, and profits are also expanding. However, the price of polyester yarns continues to increase, and it is difficult for most gray fabrics to increase prices. After all, the time point is here. Gray fabrics have a price but no market, and the market competition pressure is now too high. Raw materials are being hoarded, so the funds in hand must be controlled.
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