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Recently weak supply and demand, polyester upstream and downstream products continue to dip, a number of varieties fell below the new low in the year. With the optimization of epidemic prevention and control, terminal orders have picked up in stages, and some purchasers have resorted to bottom-fishing operations. The polyester filament yarn market atmosphere is increasingly warming and gradually bouncing back.
The downstream confidence in the optimization of epidemic prevention and control has returned
Of course, the polyester industry chain can not be "turned over" without the favorable support of epidemic prevention and control optimization.
After "gold nine silver ten", polyester filament demand shrinks sharply, manufacturers continue to make profit promotion, transaction focus continues to move down. At the end of November, POY150D transaction center of gravity in 6700 yuan/ton. In December, the terminal demand gradually recovered, most models of polyester filament yarn suffered a large cash flow loss, manufacturers were reluctant to sell at a low price, and the offers were raised one after another. Downstream users were worried about the increase of procurement cost in the later period, so they concentrated to cover positions. The recovery of production and sales data boosted the market atmosphere of polyester filament yarn, and manufacturers' offers continued to rise. Month-on-month growth was 5.6 per cent.
For polyester filament yarn market, demand is the key guiding factor. After more than a month of downturn in the earlier polyester market, the epidemic led to weak demand in the downstream market, and the market experienced a long time of depressed production and sales, and the inventory pressure of polyester manufacturers rose accordingly.
In December, the market empty, the price of raw materials is ready to rise, in a series of good boost, the downstream market exploded the pot, weaving manufacturers have to purchase raw materials, the market enters the periodic replenishment stage, production and sales can increase sharply.
How long will the weaving factory purchase last?
According to statistics, since December, the mainstream weaving market in Jiangsu and Zhejiang Province has rebounded, and the average market opening rate is higher than the level of 6 percent. The comprehensive operation of ammunition in Jiangsu and Zhejiang increased to 65%, and the comprehensive operation of loom in Jiangsu and Zhejiang increased to 58%. Jiangsu and Zhejiang printing and dyeing comprehensive start up to 70%.
Compared with the previous year, the overall opening rate of the market in Jiangsu and Zhejiang has declined, but the weaving link has picked up at the current node, which is positive for the polyester filament yarn market, and the production and sales of the market under the need to purchase can also move forward steadily. Some weaving enterprises have postponed the planned shutdown from mid-December to the end of December or early January. However, in the short term, many places may experience a wave of epidemic outbreaks. Meanwhile, the downstream weaving market is about to enter a holiday state, reducing the opening rate, which is bound to deal a blow to raw material procurement. But in the current situation, polyester polyester chain overall rebound height is limited, polyester filament trend against falling.