Entering the end of October, the entire fabric market showed signs of recovery. The market for autumn and winter apparel fabrics was enlarged, orders for spring and summer were ordered, and some grey cloth manufacturers were better than the previous ones. The market seems to have seized the tail of “Silver Ten”. , start to move. However, on the upstream raw material side, PTA fell below 5,000 points, MEG oscillated at 4,500 points, polyester filaments also fell into a deadlock of around 200 yuan per week... The market as a whole showed a "cold and hot" state, which is relatively rare. !

In the peak season, raw materials have been falling, and overcapacity is spreading to the upstream!

For the raw material market, this year's "Golden September and Silver 10" has been yellow, and the downstream centralized stocking operation has been delayed. Even if the polyester filament is sold at a low price for a short period of time, it will be difficult to withstand the industry as a whole. The fact that stocks increase. After all, production and sales do not go, tired inventory has become inevitable!

Judging from the trend of polyester filament yarns in recent years, the price of polyester filaments this year can be said to have fallen to the bottom. Among them, the price of FDY150D is 7300 yuan/ton, the price of POY150D is 7035 yuan/ton, and the price of DTY150D is 8750 yuan/ Tons, compared with the beginning of the year, prices fell by 18.44%, 13.68%, and 12.5%, respectively.

Once upon a time, polyester filaments have been in a rising state in September and October. In addition to the downstream reinforcement and weaving market, the upstream polyester product PTA has performed strongly in the peak season, but currently it is strong for PTA futures. However, it has been falling, and it has fallen below the important position of 5000 points in mid-October. In the fourth quarter, PTA will also face the commissioning of new devices. Once Hengli and Xinfengming have a total capacity of 4.7 million tons of PTA. As the plant begins to go into production, PTA will become oversupply, and the pattern of overcapacity will gradually spread upwards. It will also make the current polyester filaments become more “fragile” after losing the strong support of upstream costs.

The raw material industry chain has been falling, and it has also been suppressed by the downstream manufacturers' demand for raw materials. At the end of September, most of the weaving manufacturers' raw material stocks were around 10-15 days. Recently, many manufacturers said that they only took about a week of raw materials in the factory, and did not consider purchasing more. As the atmosphere of overcapacity in the entire industrial chain continues to spread, many market participants have defined this year's “Wang” season as the “Wang” season. The market orders are not accepted, the factory inventory pressure is not reduced, and the market confidence is insufficient, which also makes the market difficult to start. .

The high inventory of the grey cloth market is still difficult to shake!

At present, we have been using "double high" to define the current weaving market: high capacity, high inventory, the market is good, but it is not optimistic compared to the traditional peak season production and sales, the peak season is not enough. According to the monitoring data of China Silk Network, the inventory of grey cloth in Shengze area has dropped from 40 days to 39 days, and the inventory rate is very slow.

According to the survey, the current market is in a state of rising prices and falling prices. Many cloth bosses who have made silks have indicated that they have received orders of several tens of thousands of meters. The conventional products piled up in the factory did go away. Batch, but the price is lower than before. At present, the price of 75D chiffon has fallen below the 3 yuan mark, and the price has fallen by at least 20% compared with the price of 3.80 yuan/m last year. In addition, the 190T and 210T polyester taffeta that can be used for the brogue are also subject to lower temperatures and improved shipments, but prices are low. "Now our 190T polyester taffeta is less than 9 cents a meter, and the price has dropped by nearly 50%, but the order is better than before." A boss who is a daring cloth said, "The current price of raw materials has been The price has fallen, and the customer has been pressing the price, so the profit is still not particularly good."

At present, the overcapacity of conventional products on the market is still quite obvious. With the words of a cloth owner who opened a factory in northern Jiangsu, if the work is not lowered, the inventory will not be able to fall. Although it is cruel, it is also a fact. Even if there are signs of improvement in the market, the inventory base in the previous period is relatively large, resulting in many manufacturers' inventory still maintaining a high level of about 2 months, and the high inventory situation is difficult to shake.

There are still less than 70 days left in 2019, and the next market is unpredictable!

In the market of 2019, most textile people feel that the blessings are unpredictable! Although the market is showing signs of improvement, it is known from the corporate mouth that the continuity of orders is still normal, and most companies' turnover this year is significantly reduced. A textile boss who set up a factory in Hebei said that the company's turnover last year was 70-80 million, and this year only 30-40 million yuan left, directly squatting.

The overall confidence of the market is lacking, even if the textile boss who has received the order at the end of the year believes that the next market is difficult to rebound, it will still be so swift. After all, this year is the third year of environmental protection and rectification of the textile industry. The production capacity transfer has not yet been terminated. Many textile companies are still looking for suitable low-cost production bases to expand the scale. The market capacity is still rising, and there is no demand in the terminal. In the case of simultaneous catch-up, the competition is fierce and unavoidable, and for those brands that have brands, differences, and high added value, they will stand up in the competition, and the future textile enterprises will enter the situation of “stronger and stronger”. .

Source: China Silk Network

Hai'an Qinfeng Chemical Fiber Co., Ltd. is a company specializing in the production, research and development and sales of polypropylene staple fiber, polyester staple fiber, functional polypropylene staple fiber and PP staple fiber. It is based on innovation and sets a good example for the industry. Its main specifications are 1.5D to 200D and the length is 5-150mm. The products are available in a wide range of colors and support color to map or sample customization. Qinfeng will always adhere to the business philosophy of “pursuing excellence and creating brilliance”. We sincerely look forward to your call!