The Polyester Production Situation Of Some Factoriess In China
The price has fallen, but still can't sell. July began to enter the traditional off-season textile market, in previous years is a weaving enterprise gray fabric accumulated inventory time. In the first half of this year, due to the impact of the epidemic, foreign trade exports basically stagnated, and a large number of inventories were overstocked in warehouses. The cloth owner joked that if you don't stack millions of meters of inventory in the warehouse now, you are embarrassed to tell others that you are a textile manufacturer. It can be said that in today's weaving enterprises, it's normal for the warehouse to be full of stocks. There is still room for cloth stacking in the warehouse. Either the business is very good, or the warehouse is built larger than others. According to the data monitoring, the average stock of grey fabric in Jiangsu and Zhejiang weaving enterprises has exceeded 43 days, reaching the highest level in the year.
At present, polyester prices are largely guided by the news. Today, the price of crude oil has reached $40, but it is still difficult to inject a strong agent into the polyester market. In addition to the weakening demand for downstream weaving, the most important reason is the lack of upstream PTA and glycol cost support. PTA and ethylene glycol prices have been at a low level, but they are still faced with production expectations in the later stage, the pattern of overcapacity is intensified, and the probability of price decline is relatively large. For the polyester market, it also exacerbates the uncertainty.
source: Hua xian tou tiao