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Entering April, polyester filament in the international crude oil and polyester cost rise driven by continuous pull up. 12, Jiangsu and Zhejiang polyester manufacturers finally ushered in the promotion, polyester prices loosened.
Polyester is on sale
Tongxiang a dacron filament quotation down 200-300 yuan/ton;
The quotation of polyester filament of Shaoxing No.1 Factory is reduced by 200 yuan/ton.
Tongxiang another big factory polyester filament quotation down 200-300 yuan/ton;
...
As far as polyester production and sales are concerned, the sales of polyester in April after the price rise are far below expectations. From April 8 to 11, the average production and sales of polyester market are only 30%, which is really low. The sudden polyester promotion is bound to cause the enthusiasm of downstream weaving manufacturers to stockpile goods, coupled with the consumption of raw materials in the early stage, this promotion can be said to be the polyester factory's "long-planned" plan. However, polyester market trading is still quiet, production and sales only 33.3%, the future trend of polyester filament is still to be seen.
Cost end loosening
First of all, PTA recently entered the rational adjustment cycle, the transaction center of gravity narrow down, and polyester filament early pull up mainly from the cost end support, with PTA gradually down, polyester filament prices are also loose, the follow-up market may open Yin down rhythm. In terms of inventory, according to data, the overall inventory of polyester market is concentrated in 18-29 days, among which POY stock is 20-29 days, FDY stock is around 18-27 days, and DTY stock is around 16-28 days.
Demand is recovering less than expected
Polyester prices are difficult to continue to rise mainly because of low market demand. Compared with previous years, this year's "gold, silver and silver" peak season does not behave like a peak season. Although the early weaving market has risen significantly, it is very difficult to make a breakthrough in the case of no significant changes in the market environment.
As goods exports decline, the peak season downstream demand mainly rely on domestic sales support. Entering April, domestic demand also gradually declined. In Jiangsu and Zhejiang areas, the opening probability of the elasmoscope has decreased to 5 to 6 percent. In addition to the polyester factory supporting the elasmoscope, the opening probability of the other individual elasmoscope enterprises or weaving supporting the elasmoscope factories has decreased to varying degrees. Influenced by the external environment, textile industry exports have declined significantly, and the shortage of orders of textile enterprises is serious, so the demand for raw materials of weaving enterprises will naturally decline. Overall, polyester filament in the short term price fear will not go up.
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