Spot market: after the Spring Festival, a number of pure polyester yarn enterprises raise prices, “up” sound. According to the test data of the business club, as of February 25, the quotation of Weifang runfengda textile pure polyester yarn has risen sharply, with the quotation of 32S pure polyester yarn of 15000 yuan / ton, which is 1000 yuan / ton higher than that before the Spring Festival; the quotation of Weifang Guanjie textile pure polyester yarn has risen sharply, with the quotation of 32S pure polyester yarn of 15000 yuan / ton, which is 1000 yuan / ton higher than that before the Spring Festival; the quotation of Weifang Honghua textile pure polyester yarn has risen slightly, with the quotation of 32S pure polyester yarn rising slightly The price is 14800 yuan / ton, which is 300 yuan / ton higher than that before the Spring Festival; Nantong Suzhong textile continuously increased its quotation in February, and the quotation of 32S pure polyester yarn reached 15000 yuan / ton by the 25th, which is 1200 yuan / ton higher than that in January; Gaoyi Delida textile also increased its quotation continuously, which is 1100 yuan / ton higher than that before the Spring Festival.

Upstream polyester staple fiber: futures situation. After the Spring Festival, the staple fiber futures market rose well. As of February 25, the staple fiber main contract hit the trading limit, up 6% to 8526 yuan / ton, reaching a new high since listing. Spot prices, 1.4d polyester staple fiber in Jiangsu, Zhejiang, Fujian, Shandong and other places generally increased to 7300-7400 yuan / ton. At present, the production and sales of polyester staple fiber are 215% and 157% respectively, and the product inventory has dropped to – 5 days, which is significantly lower than that of the same period in previous years. Polyester short-term benefits exceeded 1000 yuan / ton.

Downstream demand: the terminal market returns to work orderly after the festival, and the return time is earlier than the scheduled time. As of February 25, the comprehensive operating rate of chemical fiber weaving in Jiangsu and Zhejiang has increased to more than 48%, and the weaving industry is expected to return to normal operation in early March. At present, the raw materials are rising rapidly, which aggravates the market risk. Therefore, the downstream companies are cautious about the market and make more inquiries, but they are still hesitant to place orders, and the orders have not improved significantly. However, the textile peak season in March and April is coming. Although the textile peak season in the first half of last year basically disappeared due to the epidemic, the peak season in March and April in any previous year will promote the textile market to a certain extent. This year, the domestic epidemic has been under control, and the overseas epidemic has gradually ushered in an inflection point. The worst time of the textile market has passed, and the peak season of the first half of this year will surely come.

Suggestions: before the Spring Festival, the yarn inventory is relatively low, and the yarn price can be adjusted rapidly with the fluctuation of polyester staple fiber, which can minimize the risk; the number of unfinished and undelivered orders before the Spring Festival is not large, and the impact of yarn price adjustment on medium and long line orders is limited; the capital flow of yarn mills is relatively abundant, and the operation pressure from March to April is not prominent, so it can receive orders for downstream weaving enterprises, garment factories and terminals Set aside enough time for acceptance and digestion to pave the way for the smooth rise of yarn price. Future recommendations continue to focus on the impact of raw material prices and downstream demand.