the operating rate of downstream polyester filament weavers in 2023 is second only to that of 2021

In Jiangsu and Zhejiang provinces, the operating rate of downstream polyester filament weavers in 2023 is second only to that of 2021, higher than that of 2020 and 2022. In terms of yarn, the operating rate of pure cotton yarn is at a high level this year, second only to the best market in 2021, and the inventory maintains a low level. Rayon yarn performs moderate, with modest operating rate and inventory.

Polyester yarn seems to have become the least favored variety, and it has not shown any improvement despite the backdrop of consumption recovery. The operating rate of polyester yarn is lower than in previous years, while the inventory is higher. In order for enterprises to survive, profits must be gained, but since last July to now, the spot profit of polyester yarn has continued to be in a state of loss except for the brief "good start" after the Spring Festival. It is exactly in May last year that polyester yarn mills started to cut production and operating rate, and this year spinners still have to follow the old routine. Why is polyester yarn facing such difficulties?