The demand change downstream of the terminal has always affected the key point of polyester filament. According to the market feedback, since May, the order situation of the textile market has improved to some extent compared with April. However, from the perspective of order structure, at present, some domestic trade orders are improving, while foreign trade orders are still not improving. From the recent start-up rate in Jiangsu and Zhejiang, it can also be seen that the loom start-up rate has increased due to the warmer orders. Especially in Xiaoshao, Haining, Changshu and other places, the low start-up of warp knitting and circular knitting machines in the early stage is very obvious. At present, the order receiving rate of the factory has been moderately improved, and the start-up rate has also increased.
However, market orders did not rebound with the improvement of the epidemic. According to the law of previous years, after June, it is usually the stage when textile enterprises begin to accumulate inventory. In other words, even if the current orders are improving, it is difficult to continue. Once it comes to the traditional off-season, it may fall into a weak market again. Therefore, the fundamentals of oversupply are difficult to change. Under such circumstances, there is no basis for the downstream market to continue to support the rise of upstream raw materials.
In general, high production and sales cannot be sustained without a substantial improvement in terminal orders. In addition, due to the lack of profit feedback from downstream weaving enterprises and the current high inventory pressure, it is difficult to improve the low operation rate of weaving. After a short period of centralized replenishment, if the later market orders can not be substantially improved, the market will experience a period of low production and sales.
At present, the core of the strength of polyester raw materials lies in the cost side, and the demand situation of the textile industry chain can not support the sharp rise of polyester prices, and the terminal construction is further stopped by the high cost. The strength of the cost side cannot be verified for the time being. The polyester market will fall into a dilemma in the short term, and the polyester factory that has always wanted to boost shipments may have to wait for some time!
source:https://mp.weixin.qq.com/s/TIO3NRDvWsgdOoCgT7dx_w