Cost Driven, Polyester Yarn Market "Up"

Spot market: after the Spring Festival, many pure polyester yarn enterprises raise their prices, "up" sound. According to the test data, as of February 25, Weifang runfengda textile pure polyester yarn quotation rose sharply, 32S pure polyester yarn quotation 15000 yuan / ton, increased 1000 yuan / ton compared with the price before the Spring Festival; Weifang Guanjie textile pure polyester yarn quotation rose sharply, 32S pure polyester yarn quotation 15000 yuan / ton, increased 1000 yuan / ton compared with the price before the Spring Festival; Weifang Honghua textile pure polyester yarn quotation slightly increased, 32S pure polyester yarn quotation 14800 The price of Nantong Suzhong Textile Co., Ltd. increased by 300 yuan / ton compared with that before the Spring Festival; the quotation of Nantong Suzhong Textile Co., Ltd. has been raised continuously in February, with the price of 32S pure polyester yarn reaching 15000 yuan / ton as of the 25th, 1200 yuan / ton higher than that of January; the price of Delida textile in Gaoyi County has been increased by 1100 yuan / ton compared with that before the Spring Festival.

Upstream polyester staple fiber: futures situation, after the Spring Festival, the staple fiber futures market rose well. As of February 25, the staple fiber contract touched the limit, rising 6% to 8526 yuan / ton, setting a new high since listing. Spot price: the ex factory price of 1.4d polyester staple fiber in Jiangsu, Zhejiang, Fujian, Shandong and other places is generally increased to 7300-7400 yuan / ton. At present, the production and sales of polyester staple fiber are 215% and 157% respectively, and the product inventory has dropped to - 5 days, which is significantly lower than the same period in previous years. The short-term benefit of polyester exceeded 1000 yuan / ton.

Downstream demand: the terminal market will resume work orderly after the festival, and the resumption time is ahead of schedule. As of February 25, the comprehensive startup rate of chemical fiber weaving in Jiangsu and Zhejiang regions has increased to more than 48%. It is expected that the weaving industry will basically resume normal operation in early March. At present, the raw materials have a good growth trend, and the rapid increase has increased the market risk. Therefore, the downstream market is cautious, and there are many inquiries. However, the "order" is still hesitant, and the order has not improved significantly. However, the textile peak season of March and April is coming. Although the textile peak season in the first half of last year has basically disappeared due to the epidemic situation, the peak season in March and April of any previous year will promote the textile market to a certain extent. This year, the domestic epidemic situation has been controlled, and the overseas epidemic situation has gradually ushered in a turning point. The worst time of the textile market has passed, and the peak season in the first half of this year will come as scheduled.

Suggestions: before the Spring Festival, the yarn inventory is relatively low, and the yarn price is adjusted rapidly with the fluctuation of polyester staple fiber, which can reduce the risk to the minimum; as of the Spring Festival, the number of unfinished and undelivered orders is not large, and the impact of yarn price adjustment on medium and long yarn orders is relatively limited; the capital flow of the yarn mill is relatively abundant, and the operation pressure from March to April is not prominent, which will give the downstream weaving enterprises, garment factories and terminals Enough time is reserved for receiving and digesting to pave the way for the smooth rise of yarn price. It is suggested to continue to pay attention to the impact of raw material prices and downstream demand.