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Affected by the cold weather in China, textile and clothing orders are picking up, and overseas orders are also showing a trend of recovery, jointly promoting the possibility of weaving to increase, as of 24, the comprehensive operating rate of chemical fiber weaving in Jiangsu and Zhejiang region was 68.84%, an increase of 3.07% from the start of last week. However, the growth rate of demand is difficult to reverse the mismatch between supply and demand of polyester filament, and the polyester filament market has gradually entered the downward channel.
According to the data, there are signs of slow improvement in the probability of local weaving recently. On the one hand, after the end of the "Double Eleven" shopping carnival, some domestic textile and clothing shops and enterprises have a significant destocking effect, and there is a certain demand for replenishment, so the orders of grey cloth have also picked up since the middle of the year, and the situation of replenishment has increased. On the other hand, the national temperature has plummeted, especially in many northern provinces, "one night into winter", the temperature has dropped to zero degrees, and the demand for warm and cold classes has increased sharply. Russia's visa-free policies have also brought new growth points to the tourism industry in northeast China, further promoting the growth of winter clothing, especially down jackets, cotton-padded jackets, hardshell jackets and other clothing demand.
But specifically, warp knitting, circular machine demand increase is more obvious, which Changshu, Haining area textile market flannel, composite milk velvet, short plush, ammonia super, crystal velvet, fleece walking atmosphere heating up, bedding and clothing warm categories are mostly domestic trade orders. The Changxing area is mainly based on grinding cloth, due to the continuous compression of profits of grinding cloth, production enterprises are more likely to maintain stability, the overall winter sales situation, clothing sales slightly higher than home textiles. It is understood that at present, some manufacturers receive orders to next year after the Spring Festival, but for the future market demand is more cautious, and the current polyester filament market production and sales lag, the lack of cost support, market discussions have loosened signs.
Terminal orders increased, polyester filament market demand has not been substantially improved, polyester filament and downstream weaving, elastomer, printing and dyeing and many other links of the opening probability of the contrast of more than 10%, the market oversupply is an indisputable fact. Early international oil prices continued to fall, polyester raw material PTA rose against the trend, giving polyester filament market certain favorable support, PTA recently turned the wind, transaction focus continues to move down, polyester filament manufacturers cautious, and with the decline in polymerization costs, polyester filament cash flow loss situation improved, some factories worried about the late demand gradually shrink, and then let profit shipment in advance, There are signs of easing in market trading.
In summary, at present, the demand side of polyester filament is limited, the cost side is insufficient, and the inventory of polyester filament enterprises has continued to increase since mid-October, the market is lackluster, and there are still "promotion" expectations at the end of the month.
(Information source: Chemical Fiber)
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