The long-awaited big promotion came as scheduled, and polyester filament manufacturers recently concentrated on delivering profits again!
Since August, the promotion of polyester filament manufacturers has become the norm and the effect is fair, but the sustainability is not as expected. After the previous centralized promotion, the polyester filament market is in a state of price without market, the transaction of sporadic low-cost goods is good, and the inventory of most enterprises is increasing. On the whole, the promotion of polyester filament was frequent in the third quarter, although it entered the "September" traditional demand peak season, The market demand of polyester filament has not increased significantly.
Polyester leading group promotion and hard shouting: production and sales become "channeling monkey"!
In this regard, the group promotion of polyester factories in the recent stage came as scheduled again. Yesterday morning, the preferential space for polyester filament of mainstream production enterprises was 150-450 yuan / ton. Downstream users bought on bargain hunting, and local production and sales continued to increase. The enterprise once again achieved the effect of going to the warehouse.
However, in terms of the sustainability after the promotion, Xiaobian believes that the market driving of the industrial chain is still weak. Compared with the world, the epidemic situation in China has been basically effectively controlled. Nevertheless, residents' consumer confidence is still insufficient. The national consumer price index has shown a downward trend in four months from January to July. Since last year, the e-commerce platform has developed rapidly, and the consumption of textile and clothing e-commerce is still expected to have large sales during the Mid Autumn Festival and national day. However, in addition, it is difficult for the market to have other demand growth points, and some demand has been overdrawn in advance in the second quarter. Therefore, the promotion of e-commerce platform is also difficult to change the reality of low domestic demand.
Therefore, for downstream users, it has not reached the stage of centralized bottom reading. At present, it is still dominated by phased replenishment. In this round of promotion, the purchase volume of some downstream users has reached about one week again. After centralized replenishment, there is no purchase intention in the short term. Therefore, the polyester filament market will enter a state of price without market in recent stage. With the expiration of the next purchase cycle, the market still has the expectation of promotion. On the premise of no significant improvement in terminal demand, polyester filament is difficult to reverse the mode of sales promotion and shipment. Most fabrics in autumn and winter have been prepared in advance in the second quarter, and the demand for polyester filament has been overdrawn in advance. The demand in the "golden nine silver ten" peak season is also difficult to reflect, and the market still needs to be treated with caution.
Foreign trade encounters "intestinal obstruction": the freight cost of a polyester container is more than 5 times that of previous years
In the case of insufficient domestic demand, the export of polyester filament itself also faces great problems. In the past five years, polyester filament has experienced a period of high-speed expansion. It is urgent to build a double cycle development model to alleviate the supply pressure caused by the rapid growth of production capacity. However, affected by the epidemic situation, domestic and international demand is shrinking, and the double cycle development of polyester filament has great resistance.
Polyester filament is an important raw material for spinning and clothing. At the beginning of the outbreak of the epidemic last year, China's textile and clothing exports fell sharply. With the gradual control of the domestic epidemic, the export volume of textiles and clothing, including masks, increased steadily, of which the export growth of textiles was obvious, far exceeding the total export volume of clothing.
According to the statistics of the General Administration of customs, China's textile and garment exports totaled US $168.651 billion from January to July 2021, a year-on-year increase of 11.85%. Among them, the export of clothing has always maintained a positive growth trend, but the export growth rate has shown a significant downward trend, and the export of textiles has shown a negative growth in recent two months. At present, the General Administration of Customs announced that China's textile exports, including export masks, from January to August totaled 600.83 billion yuan, down 18.4%. Since the second quarter, domestic textile enterprises have started order procurement in autumn and winter in advance. With the end of order procurement, the market demand for polyester filament has decreased significantly, and the start of texturing and weaving has continued to decline recently.
It is understood that 40.4% of the world's population has received at least one dose of vaccine, while only 1.8% of people in low-income countries have received at least one dose of vaccine. At present, more than 60% of the people in China are fully vaccinated, 13% are vaccinated with one dose of vaccine, and the total proportion of vaccinations is more than 70%. The current epidemic situation in China's major textile and clothing exporting countries and regions is still severe, resulting in a decline in terminal demand, a sharp reduction in orders year-on-year, and high shipping costs since last year. According to insiders, at present, the freight cost of a polyester filament container is more than 5 times that of previous years. The high transportation cost makes foreign trade manufacturers hesitate to place an order, and the export situation of polyester filament is poor.
Overall, at present, domestic demand for polyester filament is sluggish, foreign trade resistance is large, and the double cycle model is difficult to promote. In the short term, the market continues the model of promoting quantity by price.
