According to market research, along with the end of the year, demand is shrinking, weaving factory custom orders are stable, the delivery period is more intense, the new single is mostly scattered and small. At present, the industry starts to maintain at around 60%, but the operation state of textile enterprises is different. Some small and medium enterprises have stopped production, but some enterprises are better off than the earlier stage because of the rising raw materials and buying up mentality in the lower reaches. Many enterprises indicated that they will be closed in 10-15 days, and the scale and regional enterprises' intentions will be released 2-3 days before the end of the year. After the first six to fifteen years, the company resumed production.
Fig. 1: Trend of weaving comprehensive starting rate
Photo 2: waterloom loom sample enterprises start trend
The water jet looms are seriously differentiated. More than 1000 looms above the factory's opening rate remained at around 8-9. According to the research samples, 100 small enterprises with ~300 scale have basically decided the time of the vacation, and 37% of the enterprises have been closed down for the holiday business. The planned downtime of enterprises between January 10th and January 10th will account for 42%. Within the week, the macro message will be favorable to the market, and the polyester futures market will be warmer to adjust to a small number of foreign orders. According to the survey sample, 16% of enterprises have extended leave for 5-7 days to mid downtime. At present, orders for home textile products have dropped significantly, mainly by clearing goods to relieve inventory pressure. Weaving enterprises have focused on refunding funds, and ordered weaving to the end of the festival. Along with the shrinking demand before the festival, the "returning home season" is also coming. Lack of work affects the gradual decline of start-up load. It is expected that the middle of this month will be a sharp decline. The fabric inventory of water jet weaving enterprises eased slightly, averaging at 36.47 days, up 2.7 days from last week, most remained at 30-40 days, and individual varieties remained to 90 days.
Fig. 3: the start of some sample enterprises in air-jet looms
Air jet looms, according to market research and understanding, along with the end of the year, the demand is shrinking, weaving factory custom orders are stable, the delivery time is more intense, the new single is mostly scattered, small single. At present, the industry starts to maintain at around 60%, but the operation state of textile enterprises is different. Some small and medium enterprises have stopped production, but some enterprises are better off than the earlier ones because of the rising raw materials and buying up mentality in the lower reaches. The intention persists for a period of time. Many enterprises indicated that they will be closed in 10-15 days, and the scale and regional enterprises' intentions will be released 2-3 days before the end of the year. After the first six to fifteen years, the company resumed production.
Fig. 4: start up trend of some enterprises in big circle machine
Round machine, this week for the final stage of the sprint, local enterprises have begun to stop for new year's day, most of the enterprise orders still have a little not completed, it is expected to rush until January 8th, and a small number of enterprises at the end of last month to receive new orders, is expected to be completed near 13 days. On the whole, Around January 15th, the Cobb circular machine factory has been closed down. There are two main factors: first, the shortage of orders is ahead of schedule, and second, difficulties in recruiting workers. Affected by the market of chemical fiber raw materials, the digestibility of grey cloth this week is somewhat slow. It has not changed much since last week, and 100-300 big round machine factory stocks are in the vicinity of 40-60 days. The official resumption time is concentrated at the beginning of the month eight - fifteen in January.
Wujiang area printing and dyeing plant started overall decline obviously; Changshu area printing and dyeing factory 80% has been off before the holiday; Jiangyin area according to sample traders return to their cooperative dyeing and printing factory 50% on 27 days have been on holiday, part of the new year's Day 2, 3 holiday, only 10% to January 6th holiday, the holiday time is earlier than the previous period (1. regional coal to gas reasons; 2. environmental protection limited production reasons; 3. workers return home mentality); some printing and dyeing factory because of the problem of stopping gas has been consultation with customers after the holiday issued a pre holiday order. In the Shengze area, a dyeing and printing factory in Sheng Hong started construction at about 50% due to less orders, limited production and so on. It stopped steam at 12 o'clock in January 5, 2020. It is expected that the steam supply will resume at the beginning of the 10th year, and the resumption time will be eight at the beginning of the month. Starting from the beginning of the eighth month, the supply of gas will be restored to ten at the beginning of the month. The total recovery time is expected to be around 15 in the first month. The main dyeing plant resumed at eight of the beginning of the month, but due to delayed reports, the total recovery time is expected to be around 15 in the first month.
Up to now, weaving enterprises have basically finalized the Spring Festival holiday, loom operating rate has gradually declined to the low point, the market has begun to enter the "rest" stage, weaving enterprises focus on clearing the warehouse and returning funds. Under the support of the 3% surge in crude oil, the production and sale of polyester filament is not as good as expected. In the latter stage, geopolitical tensions will support the rising trend of international oil prices, and the cost side will give Dacron a certain support. But next week is the time of the Loom factory's concentrated holiday, the loom's starting rate or falling to the lowest point in the week, the demand for polyester in the field will gradually shrink, and the demand side has no obvious advantage. Therefore, it is expected that the polyester filament and staple factory will maintain the policy of shipment in order to control the inventory of finished products at a reasonable level, and discuss the stalemate on the center of gravity.