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SunSirs: Limited Downstream Demand, China's Polyester Yarn Prices Stabilize
November 11 2020 09:10:44SunSirs(Linda)

According to SunSirs price monitoring, as of November 10, the national spot price of 1.4D polyester staple fiber was about 5888 yuan/ton, which was 1.65% lower than the price of 5,987.5 yuan/ton at the beginning of the month by about 100 yuan/ton; the spot price of 32S polyester yarn in Shandong was about 13,375 RMB/ton, up 0.94% from the price of RMB 13,250/ton at the beginning of the month, about RMB 125/ton.

In terms of supply, as of November 10, the overall load of upstream domestic PTA devices has stabilized at 85.25%, and domestic PTA supply will continue to remain high in the near future. The comprehensive starting load of polyester was stable at 88.05%. In the case of rigid domestic demand, there is insufficient support on the downstream demand side, or there is a state of oversupply.

On September 17, a set of 100,000-ton/year polyester staple fiber plant was put into use in Jiangyin. The overall production and sales of the plant was 28.75%. The operating rate of staple fiber remained high and the production and sales rate decreased. At the same time, according to customs statistics, my country imported 14,500 tons of polyester shorts in September, with an average import price of US$1,230.84/ton, and the volume of imports decreased by 13.17% from the previous month. In the current period, 77,400 tons of polyester staple fiber were exported, with an average export price of US$825.67/ton, and the export volume decreased by 5.02% from the previous month.

In terms of downstream demand, the domestic weaving load remained stable at 83.20%, and manufacturers rushed to make "Double Eleven" orders. It is expected that the start-up will be relatively stable in the near future, and textile manufacturers will follow-up on new orders to shrink. The comprehensive operating rate of looms in Jiangsu and Zhejiang is around 93%, and the operating rate of water jet and air-jet looms in Shengze is around 8-9%. In terms of inventory, the gray fabric weaving inventory in Shengze area is more than 40 days, and some manufacturers are unable to level the production and sales, and they are beginning to accumulate.

The slight rebound in downstream demand this time drove the enthusiasm of the market. Manufacturers' enthusiasm for production has improved significantly, but it will also bring about the possibility of overcapacity. Businesses still forecast the market outlook to maintain stability. For this wave of domestic demand and foreign trade, The domestic textile fabric industry is booming, and industry professionals generally believe that the domestic apparel industry as a whole is still in a historical predicament. Experts said that the epidemic has had an impact on the supply chain market in my country and even the world. The global market has not yet fully recovered and improved. It is too early to talk about the outbreak of Chinas textile industry at this time. 'The entire industry is still in a state of slowing down and becoming difficult. Need a recovery cycle'.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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