Review Of Pure Polyester Yarn Market In The First Half Of The Year

two thousand and twenty From January to June, the market price of pure polyester yarn presents an L-shaped trend. The price range of pure polyester yarn is 9300-11550 yuan / ton, and the fluctuation range is 2250 yuan / ton. From January to June of 2019, the price range of pure polyester yarn is 11800-13700 yuan / ton, and the fluctuation range is 1900 yuan / ton. Therefore, compared with last year, the price of pure polyester yarn fluctuated more strongly this year. Affected by the downward movement of polyester staple fiber at the cost end, the operation space of pure polyester yarn also declined, and the new historical low in five years after repeated brushing. The price peak of this year was 11550 yuan / ton in January, and the lowest price was 9300 yuan / ton in May. In the first half of the year, the average market price of ring spinning t32s was 10575 yuan / ton, down 27.35% year on year.

Figure 1 market trend of ring spinning pure polyester yarn t32s from January to June in 2020

In the first quarter, due to the existence of the Spring Festival holiday, the downstream centralized reporting and stock preparation was triggered before the Spring Festival, and the prices were slightly warm. Textile enterprises focused on clearing inventory and recovering the balance payment near the Spring Festival, and the market changed little; in February, affected by the spread of public health events, the market situation changed little, In most areas, the resumption of work audit and traffic control, and in some areas, the pure polyester yarn enterprises resumed production. However, due to the difficulty of workers returning to work, the starting rate was low. However, after a long holiday, foreign single traders actively prepared goods, and some marketable goods were in short supply, supporting the price 。 March Saudi Arabia and Russia set off a dispute over oil prices, coupled with the spread of overseas epidemic to curb demand, the international crude oil has set a new record low, the polyester raw material end is also hard to escape the downward trend, and the cost end of pure polyester yarn collapses, and the price drops sharply, The price dropped from 11550 yuan / ton to 10100 yuan / ton.

In the second quarter, after the Qingming Festival, the domestic market gradually entered the off-season The main exporting countries, such as Egypt and Bangladesh, are affected by the spread of overseas epidemic, logistics is limited, export orders are basically stagnant or delayed, and the international crude oil price falls back to its historical position, and the price of pure polyester yarn is continuously exploring. five one During the period, the textile enterprises changed the volume at a low price, T32S Prices hit record lows nine thousand and three hundred element / Polyester yarn series, reduce the bulk of polyester yarn, increase the price of polyester yarn T32S The price gradually recovered to ten thousand and one hundred element / Tons. six The lack of raw materials in the month has significantly improved, Overseas epidemic situation is faced with secondary fermentation risk. The industry is more worried about the future market. Some export orders are delayed in Hong Kong, new orders are not followed up sufficiently, weaving enterprises in the downstream of domestic market are not able to start up, and the purchasing power of receiving orders is limited. Under the risk aversion mentality, the yarn enterprises have strong willingness to ship, and the exchange volume reduces the risk of accumulation of stocks. In the price game, it is compressed to the cost line, T32S Prices fell back to nine thousand and eight hundred element / Tons.

surface 1? Fujian area 2015-2020 Record low price of polyester yarn during the year

Unit: yuan / ton

From the perspective of domestic market, affected by the prevention and control of domestic epidemic situation in the first quarter, residents' willingness to go shopping declined, and the revenue and performance of most clothing, home textile and textile industries declined, and the import and export trade basically stagnated. However, since the second quarter, terminal consumption has gradually recovered and gradually showed a warming trend.

From the perspective of raw material market, under the background of low oil price and the continuous spread of public health events, the market price of polyester staple fiber has repeatedly reached a low level, but it has not yet reached the bottom; in the first half of the year, the market price of polyester staple fiber has been falling all the way from the high point of 7000 yuan / ton in January, and gradually bottomed out at 5300 yuan / ton at the end of March, breaking a new low in the past decade. In the first half of the year, the average price in East China was 6134 yuan / ton, down 27.35% year on year.

From the above form Under the pressure of high raw materials and lack of demand, the profits of pure polyester yarn were depressed. Since the outbreak of global epidemic in March, export orders were destroyed or delayed, and domestic market demand was also affected by the extension of terminal channels. Although the European and American markets recovered in the second quarter, some export orders began to recover, but the order volume decreased significantly compared with the same period in previous years. The future market focused on it Terminal market demand and enterprise operation status.