According to the price monitoring of SunSirs, the overall polyester filament market showed a steady downward trend on September 29. Among them, polyester FDY and polyester DTY fell by 0.30% and 0.10% daily, while polyester POY was temporarily stable.
With factory production restrictions and price increases before the National Day The arrival of the stocking market has stimulated downstream purchasing sentiment to heat up, and polyester production and sales have increased. According to statistics, as of the 28th, the average production and sales of mainstream manufacturers were between 80% and 100%, and the production and sales of some promotional factories reached 120%. Factory inventory pressure has slightly eased. The overall market inventory is concentrated at 35-44 days, of which POY inventory is around 13-17 days, FDY inventory is around 24-35 days, and DTY inventory is around 32-44 days. However, the follow-up of downstream orders was insufficient and the market gradually became indifferent. Today (29th), the prices of some mainstream factories dropped by 50-100 yuan/ton, among which polyester POY (150D/48F) reported 5010-5250 yuan/ton, and polyester POY (150D/48F) reported 5010-5250 yuan/ton. FDY (150D/96F) is quoted at 5400-5560 yuan/ton, and polyester DTY (150D/48F low elasticity) is quoted at 6400-6600 yuan/ton.
In the raw material market, PX supply is sufficient, but the market lacks confidence, and the short-term PX market performance is weak. Many PTA units that were originally planned to be overhauled in September were postponed, but multiple units such as Liwan Polyester’s 700,000 tons and Zhuhai BP’s 1.1 million tons were restarted continuously, driving PTA’s operating load back to more than 90%. With the spot supply loose and the National Day holiday approaching, downstream polyester factories have reduced their purchases of raw materials, and PTA has been under pressure to pull back. As of September 29, the average PTA spot market price was 3,325 yuan/ton, down 1.25% from the previous day and down 35.19% year-on-year.
On the downstream side, traditional marketing has been going smoothly recently. Among them, the traditional market of China Textile City has seen an increase in merchants from the north and south, and the Internet There has been a partial increase in live broadcast orders, more autumn polyester-cotton fabrics have been put on the market, new and old fabric styles have alternated, the market cycle of popular fabrics has accelerated, transaction varieties have increased day by day, and transactions include both small and medium-sized batches. Some large-scale operators and some small and medium-sized operating stores have seen more hanging samples of finished T/C polyester-cotton blended fabrics come on the market in autumn, mostly to absorb orders. Among them, fabrics mainly used for making school uniforms, work clothes, casual wear, and professional wear, and some large-scale operating stores are relatively successful in accepting orders. The operating rate of looms in Jiangsu and Zhejiang is above 74%.
In terms of textile exports, according to statistics from the Ministry of Industry and Information Technology, from January to August 2020, my country’s textile and clothing exports were US$187.41 billion, a year-on-year increase of 5.62%, an increase of 1-7 A monthly increase of 0.05 percentage points. In August, driven by the continued promotion of masks and other anti-epidemic textiles, my country’s textile exports were US$14.72 billion, a year-on-year increase of 46.96%; clothing exports were US$16.21 billion, a year-on-year increase of 3.23%, which was the first time after seven consecutive months of negative growth during the year. Return to positive monthly growth.
At present, the weaving operation rate has increased, but downstream orders are difficult to maintain, and the overall order quantity is lower than in previous years. Weak demand is the main factor leading to the overall weakening of the polyester filament market. It is expected that in the short term, the market will tend to stabilize before the National Day holiday and maintain a strong price trend in the first week after the holiday. However, after mid-October, with the autumn and winter Order procurement has basically ended, and demand will decline further. A small number of newly-required orders will not be enough to support the “Silver Ten” market. The polyester filament industry will also face the burden of oversupply, and supply and demand pressure will become increasingly prominent. By then, polyester filament prices are expected to enter a downward trend. aisle. </p
