Thirty years in Hedong and thirty years in Hexi. This sentence is most suitable to describe the polyester filament in the coming years. Do you still remember the situation before the Spring Festival when polyester filament was booming, prices were rising, inventory was clear, and profits were high, and weaving factories lined up with cash but could not get the goods? After the Spring Festival, the chemical fiber factory originally planned to continue to make money, but the crazy enthusiasm of downstream buyers disappeared without a trace. Looking at the increasing inventory, the chemical fiber factory continued to provide discounts and promotions. , prices are also falling. It is reported that since March, the price of polyester filament has generally fallen by nearly 1,000 yuan. Although the sharp decline in raw materials is one of the major factors, poor buying sentiment is the flaw in the decline in both volume and price of polyester filament.
Polyester consumer yarn suffered a “late spring cold” in March, but the polyester industrial yarn market was not so cold.
In February, the settlement price of Sinopec’s industrial silk-grade polyester chips was 8,180 yuan/ton, and the price of high-strength 1000D industrial yarn was 11,800 yuan/ton; in March, the settlement price of Sinopec’s industrial silk-grade polyester chips fell back to 7,530 yuan/ton, and the price of high-strength 1000D industrial yarn was Instead of falling, it has risen. The average price of large manufacturers is still around 12,000 yuan/ton. Raw materials continued to decline in March, and polyester industrial yarn also declined during the month, but the decline was much smaller than that of consumer yarn.
It is also a chemical fiber yarn. Why will the price of industrial yarn be strong after the new year, while the price of civilian yarn will be weak?
This starts with the starting loads of civil yarn and industrial yarn during the Spring Festival. A few years ago, civilian silk could be said to be worth thousands of taels of gold when the machine went off. There was no goods that could not be sold, only silk that could not be bought. Under optimistic expectations, the installation load of consumer yarn manufacturers did not drop much during the Spring Festival. Throughout the Spring Festival, the downstream industry was in a window period, and the inventory of civilian silk continued to accumulate. After the holiday, chemical fiber manufacturers are still optimistic about the market outlook, and the load continues to increase. In March, the load of civilian yarn rebounded to around 82%-83%. The machine’s horsepower is fully turned on, but there has been no movement downstream. The inventory of the chemical fiber factory is getting higher day by day. Inventories are high, and chemical fiber factories obviously lack the confidence to negotiate prices. In March, in order to open up sales, chemical fiber factories used their brains and held industry meetings, but it was of no use; price concessions and promotions were getting stronger and stronger, but downstream weaving companies were buying up but not down, and the more prices fell, the more they waited and waited. The supply and demand side is not strong, and raw materials are pouring cold water on them. Raw materials have plummeted, and goods can no longer be sold. In January, the chemical fiber factory had no worries about shipping goods, but in March, the chemical fiber factory was worried about how to ship more goods faster and more.
Since the second half of last year, with the rebound of the polyester filament boom, the industrial yarn market has also improved significantly. It is reported that before the Spring Festival, the profit per ton of ordinary high-strength industrial yarn is as high as one to two thousand yuan. However, in the face of such high profits, industrial yarn manufacturers have not continued production at full capacity like civilian yarn manufacturers. On the contrary, the start-up of mainstream industrial yarn manufacturers declined in January. For example, Gutow Road reduced its production by 40% in mid-January, Youfu reduced its production by 50% in the middle of the month, and Hailide reduced its production by 10-20% from January to February; Jinhuite and Huachun During the Spring Festival, all production lines were suspended, and the industrial yarn load fell back before and after the Spring Festival. This kept the overall inventory of the industrial yarn market at a relatively healthy level after the holiday. The rational supply and demand control of industrial yarns allowed industrial yarns to have a unique “Golden March” despite the weak overall polyester market in March.
A salesperson selling civilian silk described the market situation in March as “eating dirt”. Although the civilian silk market experienced a long-awaited production and sales boom after entering April, due to the large market inventory base, even if the market production and sales are good, there is still half of the inventory. For more than a month, the short-term improvement in production and sales is like scratching the surface, and it is difficult to really boost the market. Although the price of industrial yarn has fallen recently, due to low inventory, the room for price decline is still limited, and manufacturers still have control over price.
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