In the twinkling of an eye, it has entered mid-April, and what is the performance of the textile market in the first three months? From the raw material market to the weaving market, the market volatility in the first quarter has more or less impact on the follow-up market, which is also the focus of the market.

Raw material market: Waves are not shocked, March ushered in "Xiaoyangchun"!

In the first three months of this year, the overall fluctuation of the polyester filament market was not large. Before the Spring Festival, there was a wave of stocking surges in the market, and the market rose slightly. During the Spring Festival, it was in a state of semi-closed market. Until March, the polyester market gradually improved, ushered in a wave of "Xiaoyangchun" market, the manufacturers' quotation has slightly increased, but the upside is limited.

Market review:

January: Before and after the New Year's Day holiday, the light market of the polyester market continued to spread. Until the middle of the year, with the boost of the upstream cost and the demand of the downstream market, the market rose slightly, and the mainstream manufacturers' quotations have a slight upward adjustment. However, by the end of the month, with the gradual lowering of the operating rate of the downstream market, the atmosphere of the Spring Festival became more and more intense, and the mainstream quotations in the market were mostly calm.

February: With the market holiday atmosphere getting stronger and stronger, after a long vacation, the market is basically in a state of rest; it has only slightly improved in the middle of the month. After the festival, driven by the upstream raw materials, the polyester filament market ushered in a wave of “opening the door”, but then the crude oil plummeted and the polyester market was suppressed. Near the end of the month, the focus of some manufacturers’ prices dropped.

March: At the beginning of the month, it was stimulated by the upstream raw material cost. The mainstream price of polyester filament manufacturers was higher, and the downstream market was higher. During the middle period, the market sent back to a dull level and more stalemate. Until the middle and late, in the cost boost, demand explosion and market positive, the mainstream polyester yarn manufacturers reproduce the compensatory operation.

Production and sales:

The first stage: the production and sales of polyester filament yarn market in January performed well. With the increase of international oil prices and the enthusiasm of downstream procurement, it stimulated the enthusiasm of the downstream market to a certain extent. The production and sales of polyester filament yarn continued to improve. In particular, the POY market has a high volume. During the first half of January, the mainstream production and sales of the polyester filament market became the norm. It can be said that the longest production and sales in the second half of 2018 are over 100%. The mainstream production and sales in the polyester market are mostly concentrated at 100%. The high reaches 200% and 300%.

The second stage: from the end of January to the middle of the first half of February, affected by the Spring Festival holiday, the downstream weaving factory's operating rate is at a low level, so the polyester market performance is relatively deserted, production and sales fell back to 1-3%.

The third stage: With the gradual increase of the operating rate in the downstream market in late February, the market trading atmosphere improved slightly; until the beginning of March, the international oil price and the PTA price rose sharply, the polyester filament market was hot, and the downstream market chased the purchase. The atmosphere spread, the average production and sales rose to around 150-180%, and some of them better reached 200%, 350%, and 400%. During the mid-term, the market trading atmosphere was weak, but the overall overall production and sales of the polyester market in March was generally good, and the situation was suddenly emerged from time to time.

Inventory:

In the first half of January, the overall purchasing enthusiasm of the downstream market improved, the production and sales were better, the pressure on the inventory of polyester manufacturers was effectively alleviated, and the inventory was lowered. From late January to February, polyester manufacturers entered the inventory stage of the Spring Festival. Since March, as the overall production and sales of the polyester market has improved, the pre-inventory pressure has eased, and the inventory level has declined overall. Among them, POY manufacturers' inventory has declined rapidly.

According to the statistics of China Silk Network, the overall inventory of the polyester filament market is now around 17-25 days; in terms of specific products, POY stocks are concentrated in 9-14 days, FDY stocks are around 13-20 days, and DTY stocks. Then it is about 24-30 days.

Fabric market: regular products are highly competitive and confidence is insufficient

In the first quarter of 2019, the entire weaving market in Shengze District was “U” shaped. In the early period of the traditional Chinese New Year holiday, traders rushed to shop frequently, and the situation was once high, but with the arrival of the Spring Festival holiday, the market gradually entered the “empty window period”. In March, the market began to pick up, driven by the staged demand. Although the overall market is not as good as the same period last year, there are still some varieties of products in the market that are tightly supplied, and the inventory of manufacturers is relatively low.

Market review:

January: Near the Spring Festival, many traders took out the goods and wanted to sell them after the New Year in the low position. The market trading atmosphere rebounded slightly. After changing the trend of the fourth quarter of last year, the manufacturers shipped goods and the inventory fell again.

February: With the approaching of the Spring Festival holiday, many manufacturers will focus their work on clearing accounts in February, and the overall trading atmosphere of the market continues to fall. After the Spring Festival, the weaving market is still slowly recovering, and the performance of the transaction is not good.

March: Driven by the phased demand and environmental protection expectations, the market volume has rebounded significantly, especially for conventional products such as polyester taffeta, Chun Yafang, and silk. The market supply is tight and the goods are smooth.

Mainly selling varieties:

1. Simulation silk series: As the main product of light and thin fabrics, the simulation silk series has been the hot-selling product in the first half of the year. This year, the conventional products have been neutral in the market, and the price has increased by 0.10 yuan/m from the previous period; some hot-selling varieties The market supply is tight, and there are manufacturers waiting in line for about 20 days, such as extinction and broken cards, SPH chaos, etc., the conventional products 100D chiffon and the recent heat of the company have also started to rise, the market outlook is expected to be better.

2, polyester taffeta series: polyester taffeta series in the first quarter overall stability, especially in January for the bile cloth market transactions are good, of which 260T, 290T polyester taffeta is widely applicable, in addition to used for cold clothing lining In addition, after finishing and processing, the fabrics used for down jackets are also in need all the year round. Therefore, many traders choose to buy the polyester taffeta in the coming year. In March, the market transaction has weakened, and some manufacturers have lower prices.

3. Oxford cloth series: Entering the Oxford series in March, the sales of luggage fabrics in the market are obviously enlarged, especially after coating, the waterproof performance is good, and it is sold to Haining, Changzhou and other places for bags, ponchos, etc. Polyester filament oxford cloth, some manufacturers due to rising raw material prices, and raised the price, the range is about 0.05 yuan / meter.

4, elastic fabric: into the middle of March, the market stretch fabric sales have been enlarged, especially the T400 series market demand is large, dyeing factory shipments began to be slightly tight.

Judging from the hot-selling varieties, the performance in the first quarter of this year was unsatisfactory, and the downstream orders were slower, especially the conventional products such as imitation memory, Taslan, Nisifang, polyester taffeta, Chun Yafang and jeanette were not as expected. Manufacturers have said that with the increase in peripheral production capacity, the competition in the middle and low-end products is fierce, and sales pressure is beginning to increase.

Price aspect

From January to March, as the fabric market did not appear to be in short supply, the manufacturers' mentality was strong, and the price adjustment was not large. Most of them were slightly volatile with the raw materials, and the overall stability was the main factor.

Inventory and boot rate

In terms of inventory, due to the good performance of downstream orders in the early Spring Festival, the inventory of manufacturers has declined. After the Spring Festival, manufacturers have executed orders before the Spring Festival. Most manufacturers can make production and sales. As the previous orders come to an end, market pressure begins to emerge.

In terms of the operating rate, after the Spring Festival this year, the workers were affected by the late arrival of workers. Some manufacturers said that the startup was back to normal about a week later than the previous year. After the workers’ problems were solved, the construction started to rise gradually. As of the end of March, water spray and air jet weaving The operating rate of the machine is about 90%, and the production enthusiasm of the manufacturers is good.

Market outlook:

According to traditional practice, the market in the first half of the year will generally show a rising trend in March-May, commonly known as “Golden, Three, Silver, Red, and May”, but from the performance of the first quarter of this year, the March market did not have a large Better, there are fewer hot products in the market, which is far from the same period last year. Judging from the transaction situation, as the market capacity increases, the dissident rights of the weaving manufacturers are gradually lost, and the profits of the manufacturers are generally not as good as last year.

With the rectification of environmental protection, the textile market continues to be rectified and has a certain impact on the market. At present, the wait-and-see atmosphere in the market is relatively strong, and the order volume of mid-to-high-end products is still relatively stable. Some manufacturers have indicated that they have received orders from the first half of the year. The pressure is not big. On the whole, the market outlook is difficult to improve, and the market transactions are still stable. the Lord.