Polyester products once again had a good start in September. On September 2, even though it was the weekend, calls for price increases still came from all directions:
Yingxiang rose 50-100;
Rongsheng POY, DTY, FDY price increases;
POY and FDY in Sanfang Lane increased by 100-200;
Xinfengming POY increased by 100-150, DTY increased by 100, and FDY price remained unchanged;
……
Entering the new week, the rising momentum seems to show no sign of subsideping. On the 5th, many manufacturers continued to increase their quotations:
The price of Tongkun polyester yarn increased by 100-150 yuan;
The quotation price of Shenghong polyester rose by 100-200 yuan;
Rongsheng Semi-Gloss FDY mostly rose by 200 yuan;
……
According to statistics, this is already the seventh day of this rising tide. It can be said that the price rise of polyester filament has reached a new climax.
One price a day, an arrogant price increase!
In just one week, the entire polyester market seems to have entered a “mad cow” market. Polyester filament prices have increased by about 300-500 yuan/ton, and some varieties have staged a crazy price increase of 1,000 yuan in two days!
In the past two months, from polyester filament to nylon to spandex, which has recently increased, the entire bulk textile raw material commodities have started to rise. Among them, the quotation of polyester filament POY150D/144F has increased by 800-1000 yuan/ton. FDY150D/96F rose by 1,500-1,600 yuan/ton; nylon FDY rose by more than 2,000 yuan/ton, and other varieties also followed suit. This price increase has made the entire market doubt life!
POY has opened a large order of 1,000 tons, but some products are closed and reluctant to sell!
Since the beginning of this year, POY has performed strongly. “POY Industry Conferences” have been held every now and then, which has made POY’s pricing power, which has already been highly concentrated in production capacity, even stronger. In addition, in September, downstream demand has begun to gradually recover. It is said that Xiaoshao’s circular knitting machine start-up rate has increased. To about 70%, the demand for POY and DTY will increase.
Last Friday, some people in the industry also said, “Some people are placing large orders for POY yarn, and the price of polyester yarn may increase again!”
In the atmosphere of buying up but not down, production and sales continued to be hot last week, and some factories were closed and reluctant to sell due to low inventory constraints. Last Friday, polyester yarn production and sales in Jiangsu and Zhejiang areas exploded, with an average estimate of around 220-230%, and some manufacturers even continued to make up for the increase. At present, the overall inventory of the polyester market has dropped to 4-15 days, of which FDY inventory is around 3-7 days, POY inventory has dropped slightly to around 2-5 days, and DTY inventory is concentrated around 14-23 days.
In fact, not only polyester filament, but also the entire bulk textile raw materials are experiencing price increases:
Can raw materials really rise as much as they want?
Faced with this wave of price increases, some people in the industry have expressed concerns: Currently, many people in the downstream who need it or not are stocking up on goods. Polyester manufacturers are doing a booming business, and trucks are pulling in goods every day, resulting in product supply exceeding demand and rising prices. , but is this really driven by rigid demand? After all, during these days, dyeing factories and weaving factories are closed, and raw materials can still rise “willfully”. Are there really commodities in this world that can rise whenever they want and bubbles that will never burst?
At present, many market participants will say that the most critical reason for price increases is the impact of environmental protection rectification. It is undeniable that environmental protection rectification has played a catalytic role in this price increase, but the most critical reason is the result of the spontaneous market clearing.
The mainstream view in the market is that this rebound in cyclical products is caused by the country’s supply-side reform and reflects the will of the country rather than the improvement of the industry’s own supply and demand. However, chemical fiber is different from steel and coal. The proportion of state-owned enterprises is not high. There are many products and the volume of a single category is limited. It is difficult to become the focus of supply-side reform. There are few supply-side policies for chemical fiber. The price increase is essentially a The result of spontaneous market clearing.
At present, raw material manufacturers say that on the one hand, raw material prices are forcing up costs; on the other hand, environmental protection expenses, labor, marketing and other costs are rising. Therefore, in 2017, it can be said that “it is a favor not to increase, and it is reasonable to increase.”
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