Since last week, international oil prices bottomed out and rebounded slightly. At the same time, under the support of upstream PX maintenance, the price of PTA rose sharply, and polyester filament also ushered in a wave of three consecutive rises due to this impact. So, will the fabric rally continue?
The cost of weaving enterprises is rising
For downstream textile traders, the rising prices of raw materials and fabrics after the year have brought certain impacts to downstream customers. First of all, polyester filament will usher in a certain degree of rise after the Spring Festival every year. Due to the uncertainty of the market in the next year, most weaving companies will carefully stock up before the year, so they can only be forced to use high-priced raw materials after the year, resulting in rising fabric costs. In the context of continuous rising raw materials, the cost of fabrics has risen. A fabric trader revealed that the rise in the price of gray fabrics has led to a decline in fabric profits.
Gray fabrics in peak seasons are "thrown out". The fabric，printed bedding will be held up high. At present, the downstream terminal of the textile market has not shown a substantial improvement, and the price increase driven by cost alone is difficult to sustain. The market can only enhance the liquidity of gray fabrics by selling goods. Although it is currently the traditional peak season in March, the prices of gray fabrics of many specifications have dropped again, which has stimulated the enthusiasm of traders to stock up. A weaving business owner also said that the only way to stimulate market liquidity is through price cuts.
Last week's statistics show that polyester filament is currently facing the dilemma of high cost and low demand. The load of polyester filament has exceeded 80%, and news of polyester production cuts has also come frequently. So what will happen to polyester filament? And how long can the current false demand support the market? Source: Global Textile Network
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