Crude oil prices continued to rise this week, the price of polyester filament has been differentiated, the price of large polyester yarn is higher, small factories are mainly to inventory, as the market gradually fades, weaving enterprises are caught in the contradiction of whether to start or not.

Polyester filament: differentiation pulls up

Although the price of upstream crude oil is rising, but in the polyester filament, the strategy between the polyester leader and the filament small factory has differentiated, the small factory is mainly to ship, and the leading enterprise is mainly to support the price.

As of June 14, the average market price of polyester filament POY was 7875 yuan/ton, up 25 yuan/ton from the same period last week; The price difference was 1340 yuan/ton, an increase of 127 yuan/ton from the same period last week. After the collective price of the filament factory on May 23, the downstream enterprises of the filament are mainly to digest the inventory in their hands, and at the same time, they give priority to the procurement of filament products with slightly lower prices in small filament factories, and the production and sales of filament factories are flat in the short term.

According to CCF news, as of 3:30 p.m. every day, the average production and sales estimates of the filament industry on June 11-14 are respectively 5-6 percent, 8 percent, 7-8 percent, and about 5 percent, and the concentrated price in the off-season demand has reflected the collaborative determination of the filament factory.

This week, as international oil prices continue to rise, large factories are also continuing to rise polyester prices.

Weaving enterprises: caught in a contradiction

Weaving enterprises, it is understood that polyester filament mainstream factory inventory in the last round of shipment, inventory and accumulation in about 15 days, so polyester filament after going to the warehouse, inventory pressure increased again, downstream orders continued to weaken is known to the off-season performance, but the mainstream weaving factory orders can still be maintained until the end of June, weaving finished product inventory is also increasing, Will the downstream consider doing high-priced raw material inventory in the off-season? The result must be that most will consider modest production cuts to hedge against risk.

At present, the time is only in June, according to the law of the textile industry, the time for the arrival of orders in the second half of the year is from September, and the interval is nearly 2 months.

Although the time of many orders has been different from the past, it also makes spot enterprises more flexible when buying grey cloth to a large extent, and they are more willing to replenish inventory when the price of grey cloth is low. Therefore, in the market in the first half of this year, we have seen a lot of counter-intuitive situations where low prices coexist with hot sales.

At this stage, with a large number of weaving enterprises taking the large-scale production route, when the raw materials rise, they will fall into a contradictory situation.

On the one hand, they need to reduce costs through capacity release, the more production, the larger the output, the cheaper the cost per unit of grey cloth, the more money they can earn; On the other hand, the price of raw materials has risen, the cost has risen, and this part of the profits will be eaten, and the production capacity of weaving enterprises has increased, and the purchase of polyester is large, which will also help the polyester factory to destock, and drag up the polyester price in disguise.

With the upstream and downstream game gradually white-hot, weaving production capacity gradually concentrated, the future weaving enterprises may also be the same as polyester factories, several large factories to form a price alliance, strengthen the right to speak in raw material pricing.

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