Replenishment at the end of the month superimposed March market

March has gradually come to an end, although many textile companies have said that the current market is too curly, the order situation in March is not as expected, but the machine is still open, the ammunition machine is rarely shut down, and the water jet loom is basically open.

The machine will consume raw materials, and the end of the month is also a time for many textile enterprises to supplement raw materials, so many weaving enterprises take advantage of the promotion of polyester factories in advance.

There is a bottom-hunting mentality downstream

Since the Spring Festival, there is a general bottom-copying mentality in the weaving market for upstream polyester filament, of course, which is also a helpless act under the condition of high internal volume.

According to the 80/20 law, whether from the demand side or the supply side, conventional products can always occupy the vast majority of the market. However, in recent years, due to the soaring capacity of loom and the cooling of foreign trade caused by the recent tariff problem, the relationship between supply and demand has become unbalanced, and the price of grey cloth has fallen again and again. There is no boss said that some grey cloth this time last year can still sell 1 piece 3 1 piece 4, now can only sell 1 piece or so, and even the cost is difficult to cover, a product loss or poor profit may be a few cents of raw materials here.

Although the polyester production and sales after the Spring Festival have been depressed, the price control of polyester factories is relatively dead, so the decline of polyester filament is not obvious, and now POY150D/48F market transaction center or around 6800 yuan/ton, FDY75D/36F market transaction center or around 7000 yuan/ton.

This has also led to weaving enterprises, although generally short polyester prices, but do not expect polyester prices will "fly down three thousand feet", once the polyester factory released a larger discount, there will still be many weaving enterprises choose to copy the bottom.

Polyester market or continued weak stable market

However, short-term production and sales impulses are difficult to affect the long-term trend of the market.

Polyester filament demand in the first quarter is less than expected, spring and summer orders at home and abroad are scarce, and the textile industry has a high inventory level before the holiday, and the holiday is temporarily based on inventory digestion. The capacity utilization rate of polyester filament after the festival increased rapidly, and the probability of adding elastic, weaving and printing and dyeing was relatively slow, while the current situation of facing a lack of orders after mid-March, some textile enterprises fell negative risk aversion, and the demand for polyester filament was flat.

Especially after the "gold three silver four" expectations are disappointed, the downstream weaving enterprises can not see the inventory decline in the short term, the hope that the price of conventional grey cloth will rise, so they will not change the mentality of "bottom fishing" when buying raw materials. At present, many textile enterprises in the process of operation have shown a "endure" mentality, ready to fight a protracted war, so they will adhere to this "careful budgeting" approach, and polyester factories are not willing to cut prices for profits, after the opening of the weak and stable polyester market may continue for some time.

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