Market feast or is the peak season over? Explain the current situation of filament weaving from the perspective of operating rate, products and inventory
After the Mid-Autumn Festival, the entire fabric market showed a situation of “ice and fire”: on the one hand, downstream printing and dyeing manufacturers ushered in the “small peak season” ahead of schedule. Manufacturers’ shipments were delayed and the increase in order volume really boosted the market to usher in the “Golden Nine”. “Confidence in “Golden Nine”; but on the other hand, polyester filament, as the main raw material of chemical fiber fabrics, is experiencing a plight of decline every day. Many chemical fiber manufacturers have gradually lost confidence in “Golden Nine”. Regarding this “cold at the top and hot at the bottom” market situation, how is the performance of the fabric market in the middle stage?
Waiting for concentrated shipments, the printing and dyeing market exploded
“At present, the operating rate of our dyeing factory has been increased from 80% to full capacity. In previous years, the peak season of the dyeing factory should arrive around mid-October. This year may be affected by Due to the impact of the G20 summit, orders were suddenly brought forward. Now our warehouses are full and we have no time to make them. The general delivery cycle has also increased from one week to 10 days or even half a month, and some stretch fabrics have been queued up to one month.” said a staff member of a major dyeing factory in Shengze.
With the end of the G20 summit, the printing and dyeing industry has ushered in a “small peak season”. On the one hand, due to the early environmental protection rectification, the market production capacity has been significantly reduced, and the supply and demand in Zhejiang have gradually become imbalanced. The printing and dyeing companies that are still in production have become “hot cakes”. “; On the other hand, affected by the closure of dyeing factories in Jiangsu and Zhejiang during the G20 period, early orders were piled up, and some manufacturers were eager to ship goods and queued up their goods early, which also caused congestion in dyeing factories. Some dyeing factories in Shaoxing area Take the opportunity to raise dyeing fees.
It will not be easy for raw materials to rise without waiting for centralized replenishment
But the opposite atmosphere to that of dyeing factories is that of raw material manufacturers. After the G20 summit, market prices have been showing a downward trend. Market participants originally hoped that the price would rise before the Mid-Autumn Festival. The downstream centralized stocking has ended in vain. In addition, the raw materials are also confusing. With the increase in PTA restarting devices, the market has greater resistance to rising. In addition, the crude oil production freeze is expected to continue to brew. The market mostly maintains a volatile pattern, and upstream costs support the driving force. insufficient. Coupled with the steady increase in its own operating rate, polyester and polyester factories still focus on preferential shipments, and prices continue to fall.
On one side is the enthusiastic printing and dyeing market, on the other side is the deserted raw material market, and the fabric market sandwiched in the middle is also helpless. Although some restricted textile companies have started operations after the G20 summit, the overall recovery is relatively slow. , and compared with the same period last year, the operating rate was relatively weak, and the overall situation was less tense than in previous years when the machine was operating at full capacity. Of course, compared with the previous period, this market is still remarkable.
In terms of operating rate
Affected by the G20 Summit in the early stage, the operating rate of sprinkler manufacturers in Shengze area remained at around 70%, and they did not dare to open higher. With the end of the meeting and the increase in downstream gas buying, the operating rate of manufacturers It gradually rose to 80%, but compared with the same period last year, it was still down 2 percentage points; Xiaoshao circular knitting machine increased significantly, from the 30% operating rate during the production limit to 50-60%, and market orders also gradually increased. Most of them are domestic trade orders, and manufacturers’ shipment performance is good; in addition, orders in the Haining area have also increased significantly during this period. According to market participants, the recent market conditions are better than the same period last year, and the order volume of manufacturers with more shipments has increased by 10-15%. %.
Products
As the climate turns cooler, autumn and winter work clothes are gradually put on the market. Therefore, autumn and winter work clothes fabrics have become the mainstream of the market, including imitation memory series, Taslon series, nylon cotton, polyester cotton series, and natural fabrics. Silk rayon products, nylon fabrics, etc. all showed certain vitality, and the transaction volume was significantly better than the previous period. In particular, the sales volume of imitation memory fabrics increased in the market. In addition to the regular sales of 75D and 150D, some light and thin imitation memory fabrics were once again trending. smooth.
For example, a 50D ultra-thin imitation memory product, with its tight texture and delicate appearance, is mostly used in downstream purchases for autumn and winter suits, cotton clothes, down jackets, etc.; the sales of nylon fabrics used in autumn and winter outdoor series have significantly increased, among which the sales of ultra-fine denier spinning Well, for example, a 20D ultra-thin oil-finished nylon yarn has performed well in the market, which has driven the upstream sales of 20D ultra-fine denier nylon monofilament. The downstream purchases are mostly used to make down jacket series, and the spot price is around 19 yuan/meter. .
In terms of inventory
As sales in various places gradually improve and manufacturers strictly control production loads, the overall market inventory has dropped slightly compared with the previous period. However, compared with the same period last year, the indicators still show a high level, and the destocking speed is relatively slow, especially The sales performance of some conventional chemical fiber fabrics, such as pongee and peach skin brushed fabrics, are not smooth. In particular, the inventory of 230T-240T pongee is relatively large, and manufacturers have to offer price concessions for shipments.
Postscript: Fabric companies are in the “sandwich layer” of the entire fabric industry chain. They have no choice but to accept the price increases of dyeing factories and have no bargaining power; for raw material factories, in addition to accepting their prices rising and falling, If you use cash to purchase, you won’t have more room for negotiation, so you need to be more cautious. Even though the current demand is in a relatively good time of the year, manufacturers still mainly focus on completing regular orders, and the increase in new orders is small. Regarding this year’s “Golden Nine” market, Xiao once again used the words of an old industry master: Market This is already the case, keep doing it and cherish it!
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