Fabric Products,Fabric Information,Fabric Factories,Fabric Suppliers Fabric News The polyester filament market may continue its weak trend

The polyester filament market may continue its weak trend



Introduction: Against the background of the international epidemic, the recent polyester filament market price has been affected by the lack of follow-up of international crude oil and downstream demand. The ma…

Introduction: Against the background of the international epidemic, the recent polyester filament market price has been affected by the lack of follow-up of international crude oil and downstream demand. The mainstream transaction price in the market has declined slightly compared with the beginning of the month. Enterprise shipment pressure and overall inventory have slowed down. Before the Dragon Boat Festival, polyester factories concentrated on POY promotions, and downstream positions were moderately replenished. The production and sales data in Jiangsu and Zhejiang regions were generally good, while shipments in Fujian were relatively average. On the first day after the holiday, FDY concentrated on promotional shipments. It is understood that although production and sales have been boosted, the overall Performance falls short of expectations. Where will the polyester filament market price go in July?

As shown in the picture above, after experiencing polyester as of June 24 The mainstream transactions in the filament market are POY150D/48F at 5,525 yuan/ton, FDY150D/96F at 6,025 yuan/ton, and DTY150D/48F at 7,000 yuan/ton. Prices increased by +0.91%, -2.43%, and +0.36% respectively compared with the same period last month, but were -30.94%, 27.41%, and -25.13% respectively compared with the same period last year; polyester filament factory POY promotional shipments in the early Dragon Boat Festival, mainstream The transaction volume fell slightly by 100-200 yuan, and some companies made strong promotion efforts at around 400-500 yuan/ton. Downstream texturing factories and weaving companies moderately replenished their positions and increased production and sales. After the Dragon Boat Festival, the market started to promote FDY. However, traders and factories had offered to ship FDY in mid-June. There was some raw material inventory downstream, and the inventory of gray fabrics was also high, so the effect of this promotion was not as good as expected.

Price and profit trend chart of mainstream polyester filament models:

Source: Longzhong Information

According to data from Longzhong Information, the picture above shows the price and profit trend of POY mainstream market. Recently, the profit of polyester filament has fluctuated at a low level, and as the cost of polymerization fluctuates and rises, the price of polyester filament has fluctuated. Silk profits have been squeezed. The current cash flow of POY150D/48F is 99.95 yuan/ton, the cash flow of FDY150D/96F is 199.5 yuan/ton, and the cash flow of DTY150D/48F is 175 yuan/ton. POY’s profit level is relatively low, FDY’s profits are generally relatively good, and DTY’s profits have been fluctuating around 100-200 recently due to greater overall inventory pressure.

Source: Longzhong Information

Looking at this year, the operating rate of the polyester filament market is generally weak. After the domestic epidemic situation improves, The company launched a resumption of work and production plan in March, and Jiaxing Yipeng’s new 250,000 tons/year device was put into production at the end of March. After March, the polyester filament production started to show an upward trend. However, in April, the overseas epidemic broke out in full, and domestic exports were severely affected. With a big impact, the filament yarn operating rate dropped significantly. However, with the start of Xinfengming Zhongyi’s 300,000 tons/year production at the beginning of April and the 100,000 tons/year Nantong Hengke production at the end of the month, the filament yarn operating rate slightly improved, and there was prosperity during the period. The maintenance of Sheng 400,000 tons/year device and the maintenance of two sets of 200,000 tons devices at Hengli have eased the pressure to release new production capacity. Entering June, Lixin 30,000 tons/year and Shenghong Ganghong 250,000 tons/year polyester filament devices During the operation, Xinfengming Zhongxin’s 250,000 tons/year unit was overhauled, which enabled the polyester filament operating rate to operate stably. At present, Hengyi Haining’s 250,000 tons/year polyester unit was originally scheduled to be put into operation at the end of June, but it has been postponed.

To sum up, in terms of price, polyester filament yarn shows a stable growth trend, with small profit margins, and overall maintains weak operation. In terms of new investment, there are still expectations for new units to be put into production in July and August. However, the total volume is small and will have little impact on the market. Other companies may adjust the pressure of new production capacity through maintenance and production reduction. On the raw material side, due to the recent installment of Hengli’s 2.5 million tons unit Put into production, from the perspective of raw materials, there is great upward pressure on prices, and there is currently no significant improvement on the demand side. Foreign orders are still facing the risk of repeated epidemics, and shipments are relatively limited. Therefore, it is expected that in the off-season market from July to August, if downstream demand does not improve significantly, polyester filament may maintain a weak operating situation. In the future, companies may adopt a strategy of reducing production to protect prices. With the support of raw materials, prices will be difficult to bottom out again. occur. </p

This article is from the Internet, does not represent Composite Fabric,bonded Fabric,Lamination Fabric position, reproduced please specify the source.https://www.tradetextile.com/archives/34781

Author: clsrich

 
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