The Silver Ten Order Is Coming To An End, With Poor Support For Polyester And Export Demand

    As of October 19th, the average number of days for terminal weaving orders was 14.33 days, a decrease of 0.62 days compared to before the holiday. Entering mid October, the momentum for new orders is insufficient, and the "Double Eleven" and Christmas promotion effects are limited. After the holiday, the workload of weaving operations has increased slowly, with most weaving manufacturers experiencing an increase in inventory pressure for grey fabrics and weak new orders. As a result, downstream seasonal demand for raw materials has decreased, leading to a decrease in the enthusiasm of weaving manufacturers to replenish raw materials, with only demand for raw materials being the main focus and excessive consumption of raw material inventory.
    The polyester maintenance plan is limited, but the expectation of polyester bottle chip processing profit loss, production reduction, and maintenance is strong. It is estimated that after the peak demand season of "Golden Nine Silver Ten" ends, polyester production will decrease narrowly from November to December, but it is still at a high level within the year, and the support for PTA demand is still acceptable. The high estimate of polyester production is mainly due to the low inventory pressure of polyester products and the slight profit in the theoretical production of polyester filament.
    India is China's largest PTA export customer. After the expiration of India certification in June, customs data from July to August showed that China hardly exports PTA to India. Under the estimated zero export volume of China to India in the fourth quarter, there is a theoretical export loss of around 90000 tons per month, which will be converted into social inventory.