Recently, the market situation seems to have loosened up, and some gray fabrics and fabrics have begun to be shipped out. Manufacturers have taken this opportunity to remove a small amount of inventory, and dyeing factories are also rumored to have appeared. Situations where queues and delivery times become longer. But overall, only a few companies have improved, and most companies are still missing orders.
“The market has been better recently, which is actually quite strange. It was originally the off-season in August, but it ushered in the Indian Summer. I think the biggest reason may be the epidemic in autumn and winter. There is a possibility of a second outbreak, so now customers are rushing to stock up, resulting in a small number of busy scenes in the market.” said a person in charge of the company.
The performance of the weaving market is divided, but the polyester market has been booming recently. Among them, the polyester filament market has performed quite well. Eye.
Boosted by rising crude oil prices and cost-side support, polyester filament prices have gone from tentative increases to general increases, and the increase has been maintained Nearly 20 days or so. As of the 7th, the price of polyester filament FDY150D was around 5,700 yuan/ton, the price of POY150D was around 5,175 yuan/ton, and the price of DTY150D was around 6,600 yuan/ton. The prices of each product have increased to varying degrees compared with the previous period.
The general rise in polyester yarn prices has stimulated the enthusiasm of downstream weaving enterprises to purchase raw materials, thus driving the recent recovery of polyester yarn production and sales. Especially on the 5th, polyester yarn production and sales welcomed a new wave of enthusiasm. Here comes the long-awaited super market.
In stark contrast to the polyester market, the downstream weaving market is still in the off-season.
According to statistics, my country’s exports of clothing and clothing accessories in July 2020 were US$15.3175 billion; from January to July 2020, my country’s exports of clothing and clothing accessories US$66.402 billion, a year-on-year decrease of 16.6%; from January to July 2019, my country’s exports of clothing and clothing accessories were US$79.6021 billion.
Recently, the operating rate of looms in Shengze has been maintained at around 65%. Although the overall operating rate has not changed significantly, there are still rumors that there are some problems in the market. Many weaving manufacturers have closed down their machines.
Qian Qian, who specializes in imitation silk and owns 100 looms, said: “In previous years, the first half of the year was the peak season for imitation silk, but this year it cannot be sold, let alone Speaking of now, half of the machines in the factory have been stopped, and there are basically no orders on hand. I have been weaving inventory and using the money I earned last year to support it. I will soon prepare to reduce production a little more, and then look at the production in mid-to-late August. Market situation.”
Indeed, conventional and large-volume products such as imitation silk have been severely unsalable this year. In terms of price, for example, 75D/24T chiffon could be sold last year. It’s about 3.2 yuan, but this year it can only be sold for about 2 yuan. Even if you encounter a larger order, the price will be lowered, and there will be basically no profit. In terms of inventory, stocks of millions of meters are very common. According to statistics, the current inventory of gray fabrics in Shengze has risen to around 45-46 days, and there is a trend of continuing to accumulate inventory in the future.
“Now we are on summer vacation, There are no orders on hand at all. Compared with previous years, orders have dropped by nearly 2/3. Last month was a little better. There were some orders for four-sided bombs. But now they are completely stagnant. Many manufacturers in the market have stopped nearly half of their machines. It will be really difficult for the market to pick up in the second half of the year,” said trader Mr. Shi.
Not only is the weaving aspect unsatisfactory, but the finishing business market is also not satisfactory. The operating rate of printing and dyeing plants plummeted during the week and fell into a quagmire again. The market recurred so quickly that it was difficult for the market to react. In addition, coating and composite companies are not ideal either.
The person in charge of a composite enterprise said: “We were still very busy at the beginning of the month, mainly making luggage, but the market has been slow these days. In addition, due to the strict environmental protection inspection, the machine cannot be turned on during the day before the 12th, and the orders on hand are completed even more slowly. If the market is really overdrawn, the second half of the year will not be optimistic.”
In the atmosphere of the traditional off-season in August, the performance of the weaving and finishing markets is not surprising. On the contrary, the raw material market has increased due to macro factors and cost support. There is a wave, but without the support of demand, it is still very difficult to continue the upward trend.
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