Polyester downstream market weakens again after Double 11 shopping spree

Stocks of grey fabric declined rapidly after the National Day holiday. Downstream plants witnessed improving sales and orders before the Double 11 online shopping spree, and stocks of polyester filament yarn was in consolidating. Most PFY plants did not see big inventory burden. PFY plants were early expected to intensively suspend or cut production in Nov, but it is delayed.

Such good situation did not last long. Grey fabric market weakened after Double 11, with slower sales, mainly in warp knitting plants in Changshu, water-jet plants in Changxing and circular knitting units in Xiaoshan and Shaoxing. Different fabric mills witnessed various orders, with some able to guarantee production for around one month and some only for several days. Market players were not optimistic about later demand and feedstock market tendency. Some fabric mills suspended production to control stocks, and some dyeing plants cut run rate with inadequate orders. Independent DTY plants also saw slower sales after sales of grey fabric turned sluggish, but some plants cut run rate to curb inventory from rising, mainly in Changxing.