July is an unusual month. The rising price of PTA is like fire after fire burning the upstream and downstream markets of the entire industry chain.
The price of polyester filament has been rising driven by the price of upstream polyester raw materials. June is the traditional off-season for polyester consumption. However, this year, polyester factories have lowered filament prices in promotions and transferred profits to downstream companies. As a result, the terminal loom factory operations are higher than the same period in previous years, and the texturing plant operations are not slow in the off-season.
Those who are familiar with the textile market will find that although the market is in the off-season, orders seem to be back, and many textile clusters have seen a sharp rebound in their operating rates. Especially in the past week, although the prices of upstream raw materials have risen sharply, the weaving operation rate has been rising as if production and work were to resume after the year. In Haining and Changshu, it has even exceeded 90%. An important reason why the market has changed so much is that foreign trade orders have gradually improved, especially autumn and winter fabrics, which have always been in good demand.
The current weaving operating rate in Jiangsu and Zhejiang is 72.17%, showing a slight upward trend. The operating rates of warp knitting enterprises in Haining and Changshu are mostly maintained at around 85%-95%. Water-jet looms However, it is difficult to significantly increase the activation rate. Affected by the increase in demand in winter, the market transactions of island fiber suede, dual-purpose mesh fabrics for clothing, some knitted polyester and spandex fabrics, nylon-polyester stretch fabrics and elastic flannel fabrics have been active, while the imitation silk fabrics have declined compared with the previous period. In the market, polyester filament is used as raw material, and the transaction activity of the elastic fabric market has increased rapidly, which has driven the start-up rate of some weaving companies to a certain extent.
The number of raw material stocking days for downstream weaving enterprises has shown an upward trend, and gray cloth inventory has declined. Judging from the data, the situation is improving. However, many downstream users have reported that the number of raw material procurement days has increased. On the one hand, the recent On the other hand, the increase in upstream textile raw materials is driven by optimism about the future market and stocking up in advance, which may not be driven by real demand. The inventory of gray fabrics has declined slightly. The main reason is that cloth merchants are actively hoarding goods. On the other hand, there are partial orders to promote the downward trend. However, the terminal market still needs to be fully promoted. The placement of partial new orders cannot fully drive the improvement of the industry. At present, The arrival of the peak season is still too early. In addition, the recent surge in sea freight has made it difficult to find containers, resulting in a longer payment cycle for weaving companies. The blind increase in the price of textile raw materials can only intensify the pressure on the downstream. Judging from all aspects of the situation, the terminal weaving market still needs urgent attention. The price of upstream textile raw materials remains rational and stable, so that new domestic and foreign textile orders can be better negotiated and followed up.
It is worth noting that both domestic and export sales of textiles and clothing performed well in the first half of the year. Domestic sales basically returned to pre-epidemic levels, and were on a steady growth trend in the second half of the year; the current high shipping prices The growth of exports is still limited, but as the shortage of containers and the inefficiency of maritime logistics are resolved in the second half of the year, there is still hope for exports. </p
