The domestic polyester filament market continued to show a slight upward trend last week. The current price of polyester POY (150D/48F) in mainstream factories in Jiangsu and Zhejiang is 6900-7200 yuan/ton. Polyester FDY (150D/96F) 7350-7750 yuan/ton, polyester DTY (150D/48F low elasticity) 8600-8950 yuan/ton.
The average price rise and fall of the polyester filament market last week
The spot market price of raw material PTA fell slightly last week. As of December 20, it was 4,890 yuan/ton, down 0.54% from the beginning of the week and down 26.23% year-on-year.
International oil prices continue to rise, and the cost side and macroeconomic sentiment have warmed up to promote the PTA market. During the week, Hengli Petrochemical and Zhongtai Petrochemical successively announced news of delays in the commissioning of new units, which to a certain extent alleviated the market’s pessimistic expectations for the PTA supply side. However, the restart of the Hanbang petrochemical unit has caused PTA to enter the inventory accumulation cycle again. At the same time, polyester has successively entered the production reduction stage, and the demand side has further weakened, leading to weakening prices and downward trends.
From the demand side, the downstream market has entered the traditional off-season since December, and the demand for gray fabrics and fabrics has been relatively weak. Manufacturers insist on using raw materials as needed. When buying, the inventory is generally high and funds are even tighter. The comprehensive operating rate of looms in Jiangsu and Zhejiang has declined month-on-month. The overall orders of most weaving companies are dominated by “small batches and multiple batches”, and most of them maintain stable startups. The current comprehensive operating rate of looms in Jiangsu and Zhejiang remains at around 70%, and the market’s follow-up orders follow. Insufficient progress. The terminal factory’s orders for autumn and winter clothing fabrics are basically coming to an end, and the delivery of goods is not smooth.
The editor believes that the current favorable crude oil production cuts and the gradual increase in polyester production cuts will support the price of polyester filament. However, PTA’s new production capacity is expected to be put into operation, and the supply-side boost is weak; at the same time, from the end market point of view, the Spring Festival holiday in 2020 has been advanced, and downstream manufacturers have begun to make holiday plans. The market atmosphere will further decline, and pessimism will continue to prevail. It is expected that There is a risk that polyester filament market prices will weaken next week. </p
