According to the price monitoring of the business association, the domestic polyester filament market price fell slightly this week, among which the polyester POY rose the most obviously, with a decrease of 1.61% as of May 28 compared with the beginning of the week, followed by the polyester DTY, which fell by 1.03%, and the polyester FDY was flat. Today, polyester filament has started the preferential mode of profit giving and sales promotion, and the mainstream factories in Jiangsu and Zhejiang have reduced the price by 100-300 yuan / ton.
Average price rise and fall of polyester filament market this week, unit: yuan / ton
product 2021-5-24 2021-5-28 Up and down Year on year rise and fall
Polyester FDY (150D / 96F) seven thousand five hundred and twenty-seven seven thousand five hundred and twenty-seven 0% 19.04%
Polyester POY (150D / 48F) seven thousand three hundred and eighty seven thousand two hundred and sixty-one – 1.61% 31.21%
Polyester DTY (150D / 48F low elastic) eight thousand eight hundred and thirty-three eight thousand seven hundred and forty-two – 1.03% 20.36%
PTA raw material mainstream suppliers announced maintenance plan in June, the current industry operating rate is stable at around 83%. It is also reported that the main PTA suppliers reduced their supply by 40% – 50% in June, which is good for the market mentality. Due to the reduction of supply by large factories, the market continues to go to the warehouse in the short term, and the spot circulation is still tight. As of May 27, the settlement price of the main contract in the U.S. WTI crude oil futures market was 66.85 U.S. dollars per barrel, up 0.64 U.S. dollars. Brent crude oil futures market settlement price of the main contract at 69.46 U.S. dollars / barrel, or 0.59 U.S. dollars. As of May 28, the average price of PTA spot market was 4670 yuan / ton, with a weekly increase of 1.02%.
The comprehensive starting load of Jiangsu and Zhejiang looms in the lower reaches is around 73%, which is 4.43% lower than that of last week. Specifically, for example, the weaving start-up rate in Shengze continues to drop to around 70%, and the “two start stop one” continues to be implemented. At present, some local weaving factories maintain order production, but the overall start-up rate is not high, and some weaving factories also produce inventory. At present, the export of foreign trade is not smooth, coupled with the appreciation of the RMB exchange rate, leading to the cautious attitude of the factory to receive orders. In Haining area, the warp knitting machine started up stably. Most of the mainstream factories started up more than 90%, and a few of them started up at 40-60%. The main warehouse of the factory is still accumulated, and the local mainstream large factory billet warehouse is around 20-35 days, and the lower is 1-2 weeks. Due to the generally good expectation of the terminal market after June, the factory still maintains a high load start-up under the pressure of accumulated storage.
Business analysts believe that at present, the terminal textile industry has entered the traditional off-season, with orders ending in summer and few new orders in autumn and winter. Some weaving factories have an appropriate amount of production inventory, but the weaving operation rate has not decreased significantly, and small orders are also increasing. The industry expects that autumn and winter orders will be issued after the Dragon Boat Festival. Recently, boosted by the strength of crude oil and the favorable cost side, polyester prices are expected to stabilize in the short term, and may rebound slightly from mid June.
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