Polyester Filament In Late Autumn Usher In "Cold Winter" Market

Recalling the same period last year Polyester filament It can be said that it is infinite scenery, the price is rising every day, and has continuously hit a record high. But the past has changed. Polyester filament in the same period this year market However, since November, the price drop of most products has reached an average of 1000 yuan / ton or even higher, and continues to show a downward trend. The polyester production and marketing of mainstream factories are also showing a downturn. Most of them are 5-6, and some of them are even lower than 3-4.

So what is the reason for such a strong fluctuation in the polyester filament Market? We believe that the following are the main factors:

First, the whole industry is declining.

This year, domestic textiles clothing Enterprises are generally plagued by labor shortage, electricity shortage and shortage of money, which are troubled by the "three shortage" problem. In addition, when the cost of raw materials is rising and operating costs are high, manufacturing enterprises with processing and manufacturing are at the edge of life and death in the harsh reality of "three wastes and two high". According to customs data, the total export volume of clothing and accessories in China was US $115 billion 230 million this year, 1~9, an increase of 23.3% over the same period last year. However, the volume of clothing exports has hardly increased. In the 1~8 months of this year, the number of garments actually exported in China was 19 billion 622 million, representing an increase of only 1.8%. From these data, it can be seen that the overall situation of the entire textile industry is not satisfactory, and the lips are cold.

Two, the global economy is in great trouble.

In the global economic outlook report released by the International Monetary Fund (IMF), IMF sharply lowered global economic growth expectations. This year, the US economy will grow by only 1.5%, far below the expected 2.5% in June, and next year's economic growth is expected to fall from 2.7% to 1.8%. The growth rate of the developed economies is down to 1.6% from the previous estimate of 2.2% this year, and the growth rate next year will be reduced to 1.9% from the previous 2.6%. The growth rate of emerging and developing economies has also been reduced. According to the IMF report, the organization expects that the region's growth rate will reach 6.4% this year and 6.1% next year, with a forecast of 6.6% and 6.4% in June. IMF also predicts that China's economic growth this year will reach 9.5%, down from 9.6% forecast in June, and the economy will grow 9% next year, which is also lower than the 9.5% forecast in June. The global economy has lost momentum and has caused heavy losses to all trades and professions. {page_break}

Three, the sharp decline in cotton prices has brought about "nuclear radiation".

Cotton prices rose sharply last year, rising from 15000 yuan / ton to 3000 yuan / ton at the beginning of the year, not only creating the highest record of 10 years in China, but also breaking the highest point of the international cotton price in 15 years. The price of cotton has soared, and the chemical fiber of the related products has increased naturally, and the market price has been rising day by day. Now, the cotton market has been attacked by Xiao Xiao's autumn wind. According to statistics, the lowest price of cotton this year appeared in August, compared with the highest point of more than 31000 yuan / ton in March, the decline was more than 60%, even though it was supported by 19800 yuan / ton storage price, the former cotton price dropped by about 40% compared with the March high point. The drop in cotton prices sharply reduced the substitution effect of chemical fiber and brought pressure on the shrinkage of the chemical fiber market.

Four, the downstream weaving is very noisy, and market confidence has been hit hard.

Judging from all factors, the most important factor affecting the market is the weakness of downstream terminal's confidence and demand. The downstream textile terminal has a series of negative factors, such as scarce orders, declining profits, increased inventory and tight funds, and the market confidence is very weak. At present, the time for the Spring Festival is also approaching. However, the expectation of the peak season has not yet appeared. The expectations for this year's market are also getting lower and lower. In addition, the high inventory and arrears in arrears caused many weaving enterprises to face great financial pressure and poor enthusiasm for production. Recently, the looming rate of looms in some places has dropped significantly, thus putting a damper on the upstream polyester filament market.

Judging from the current market factors, polyester filament market has clearly entered the "cold winter" stage. How to "winter" is the key issue that polyester polyester factories need to consider.