Last week, polyester filament factory promotions, some downstream users bargain moderate purchase, local production and sales have improved, but most users are wait-and-see attitude, polyester inventory pressure is still there.

Inventory reaccumulation

Last week, polyester filament factory promotions, prices down 50-150 yuan/ton, some downstream users bargain moderate purchase, local production and sales have improved, but most users have a wait-and-see attitude, the field into a single general. This week, after some enterprises replenished the inventory, the market fell, and production and sales continued to be depressed.

The pre-maintenance device of polyester filament after the knot gradually heats up and restarts and increases the load, and the overall start of polyester filament continues to rise and maintain a high level. However, the downstream new single situation is general, the market as a whole is insufficient to take goods, consume more inventory in the early hand, polyester filament factory continues to accumulate, although there are preferential promotions this week, but the factory inventory pressure is not much relief, polyester inventory remains high. The overall inventory of polyester filament is 20-36 days, of which POY inventory is 22-36 days, FDY inventory is 21-31 days, and DTY inventory is 23-34 days.

Why inventory accumulation?

First, the early market demand is overdrawn. Because a large number of orders were placed before the Spring Festival, a large number of textile enterprises prepared raw materials in advance. Although there is a lot of grey cloth after the year, the dyeing factory is very busy, but almost all in the busy years of orders, some overdraft after the year of orders.

Second, the actual market order has not been issued. At present, it has entered the late March, there has not been a large number of real orders, the market is still based on sample inquiries, weaving enterprises are not willing to buy raw materials.

Third, the consequences of overcapacity have emerged. Whether it is polyester production capacity, or weaving production capacity, in the past few years have been growing rapidly, oversupply has intensified, so from the big environment, inventory will be accumulated for a long time, destocking will become an important issue in the future.

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