Price Changes Of Pure Polyester Yarn Before And After The Spring Festival In 2021

Introduction: during the Spring Festival holiday, crude oil rose strongly, and the cost promoted the price of polyester staple fiber and staple fiber all the way up. In particular, on the first day of the market opening after the festival, local areas rose four times in a row. Pure polyester yarn enterprises were reluctant to sell many plates, and downstream traders and weaving enterprises held a wait-and-see attitude towards the supply of goods after the sharp rise. Will weaving enterprises delay the resumption of work due to the rapid rise of yarn? Is the inventory of finished products reasonable and controllable?

Table 1 Market price comparison of pure polyester yarn

Driven by the strong cost end polyester staple fiber, the market price of pure polyester yarn increased significantly compared with that before the festival. In the morning, the offer of t32s in Fujian was between 12500-12800 yuan, up 500-800 yuan / ton compared with that before the festival, and that of eddy current spinning in Jiangsu and Zhejiang provinces was between 14000 and 14200 yuan, up 700 yuan / ton compared with that before the festival. Within the day, the price of polyester staple fiber in some areas rose four times in a row. The yarn enterprises were reluctant to sell, and most of the downstream traders and weaving enterprises were in a holiday state. They held a wait-and-see attitude towards the supply of goods after the sharp rise. There were sporadic transactions in the market, and the downstream enterprises still needed time to digest the supply after the rise.

   Table 2 Resumption of operation in main production area of pure polyester yarn

As of February 18, the average operating rate of enterprises in the main production areas of pure polyester yarn was 30.91%, which was 5% lower than before.

In terms of cities, most enterprises in Changle District of Fujian Province started their operations from February 14 to 17 (from the third day of the first month to the sixth day of the first month). About 50% of the workers of large local enterprises stayed in the factory for the new year. The startup load recovered smoothly, and the load of some enterprises recovered to 70-80%.

Jiangsu: most of the enterprises in Nantong area start up from February 17 to 19 (from the sixth day of the first month to the eighth day of the first month). Some local large enterprises have recovered to full load. Enterprises in Wujiang area concentrate on February 19 (the eighth day of the first month). Some small enterprises in Hai'an and Rugao areas plan to resume operation on February 21 (the tenth day of the first month).

Zhejiang: a small number of enterprises in Jiaxing and Huzhou have started production on February 17 (the sixth day of the first month) and their load is gradually increasing. Most enterprises plan to start up and resume work near February 21 (the tenth day of the first month). The pre-sale orders of xiaoshaodi are general, the shutdown is earlier than that of the same period in previous years, and the time to resume production after the festival is relatively late.

Hebei: some factories in Jinzhou two month seventeen On the sixth day of the first month, most enterprises planned to start production two month twenty-one On the 10th day of the first month, the machine was started to resume production.

Interpretation of pure polyester yarn supply and demand

From the supply point of view, under the support of pre-sale orders, most enterprises return to work earlier than in previous years. Enterprises in the south of the Yangtze River are constrained by the shortage of work, and the start-up load is gradually increased. It is estimated that the start-up and resumption time of pure polyester yarn enterprises will rise to more than 80% by the end of February. Although the start-up and resumption time is earlier than that in previous years, the finished product inventory of most enterprises has accumulated slightly, but most enterprises hold pre-sale orders, and the finished product inventory can be maintained in the short-term Within reasonable and controllable range.

From the demand side, with the end of the Spring Festival holiday, weaving enterprises gradually return to work and production. Since the end of February, there is a certain demand for replenishment in the export traders and Jiangsu and Zhejiang markets. Some yarn enterprises' pre-sale orders can be delivered to the end of March, and the demand side support is OK.

Forecast of market price trend after the festival

PTA spot rose 200 to 4140, ethylene glycol spot rose 656 to 5355, polyester cost increased 360.28 to 5333.63, polyester staple market transaction benchmark price 7140 increased 265 compared with before the festival, polyester staple fiber futures rose 590 to 7734. Driven by the cost side, the pure polyester yarn enterprises are reluctant to sell more, and a few enterprises have increased their offer by 500-800 yuan / ton compared with that before the festival. The downstream traders and weaving enterprises are mostly in the state of vacation and shutdown. It still needs time to digest the supply after the sharp rise. At present, the pure polyester yarn inventory is at a low level and the yarn enterprises hold certain pre-sale orders. It is estimated that the transaction price of pure polyester yarn in Fujian may reach 12800-13 000 yuan / ton.