In October, polyester filament production turned a profit. According to statistics from Zhuochuang Information, as of October 19, the average profit of polyester filament POY150D/48F was 115.5 yuan/ton. Last month, the average profit of polyester filament POY150D/48F was -33.3 yuan/ton, a month-on-month increase of 148.8 yuan. /Ton.
The sharp increase in profits from polyester filament production is mainly due to the rising product prices and exceeding the price increase of polyester raw materials. According to statistics from Zhuochuang Information, as of October 20, the average monthly price of polyester filament POY150D/48F was 7,061 yuan/ton, a month-on-month increase of 1.80%. At the same time, the average price of PTA was 4,609 yuan/ton, a month-on-month increase of 0.20%; the average price of MEG was 5,247 yuan/ton, a month-on-month decrease of 0.79%.
After the National Day holiday, the textile sector ushered in the “Silver Ten” peak demand season. Among them, the domestic sales market is relatively strong, which has led to the improvement of the export market. Coupled with the impact of Christmas order demand in Europe and the United States, the export order shipments this month have been concentrated, and the comprehensive operating rate of Jiangsu and Zhejiang looms has climbed to the highest level during the year. According to statistics from Zhuochuang Information, the comprehensive operating rate of looms in Jiangsu and Zhejiang is close to 85%, an increase of 3.5 percentage points from the end of September. Specifically, looking at each professional production base, Shengze’s water-jet operating rate is between 80% and 90%, and Huayao, nylon and other fabrics have shown strong sales; Wangjiangjing’s water-jet operating load is also at a high level, and the overall operating rate is around 90%; Xiaoshao circular knitting machine The overall operating rate is 70%-80%. There are sufficient orders for single-sided machines and coarse needle beds, but orders for double-sided machines are relatively poor. At the same time, Changshu warp knitting is basically operating at full capacity, and shipments of flannel, the flagship product, are running smoothly.
It is precisely the strong demand for end-use textiles that has prompted the production and sales data of polyester factories to increase in volume, and industry inventory levels have continued to decline. Currently, the mainstream inventory of polyester POY and FDY lasts 5-10 days, and the mainstream inventory of polyester DTY lasts 10-15 days. Marketable specifications such as glossy DTY75D/144F flat, glossy FDY50D/36F are even more difficult to find.
However, as the market price of polyester filament continues to rise, the production profits of the weaving process have been further compressed, and some factories have said that there is no profit at all. The key question now is whether cloth prices can keep up? How much? Only when there is a positive interaction between upstream and downstream and smooth cost transmission can the polyester filament market rise further!
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