On July 23, polyester factories collectively lowered the price of polyester filament, including many large polyester factories, and the overall price of polyester filament was reduced by 150-350 yuan/ton; On July 24, the polyester factory still maintained the promotion trend and achieved profit; On July 25, some polyester factories chose to adjust the price of polyester filament 50-100 yuan/ton, and the current round of promotion ended. Two months after the polyester yarn price rose, the polyester factory suddenly cut prices to promote sales. How does this affect the textile market?

The promotion stems from inventory pressure

The promotion of polyester mills is not without reason, as the market enters the off-season, weaving enterprises continue to reduce the operating rate, the average loom operating rate fell to 71.1% this week. Weaving enterprise orders decreased, the enthusiasm to buy raw materials decreased, polyester factory raw material inventory continued to grow, some specifications of product inventory as high as 25-28 days.

Before this round of promotion, some smaller polyester factories that have been trapped in inventory pressure have appeared "short", and they have carried out inventory operations in advance by way of yielding profits, and production and sales have been partially improved.

After the end of this week's polyester promotion, weaving enterprises buy on bargains and take the opportunity to replenish inventory, the average production and sales volume of 23 days exceeds 300%, some large factories can reach 500%, the average production and sales volume of 24 days exceeds 200%, and the purpose of destocking is basically achieved.

The overall inventory of today's polyester market is concentrated on 11-23; In terms of specific products, POY inventory is 11-23 days, FDY inventory is around 10-23 days, and DTY inventory is around 10-23 days. After promotion, the inventory pressure of polyester factories has been significantly alleviated.

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