Terminal Textile Factory To Watch Polyester Market

According to the price monitoring of business agency, the domestic polyester filament market showed a slight rebound last week (August 30-september 3). As of September 3, the prices of polyester POY (150D / 48F) and FDY (150D / 96F) were 7150-7400 yuan / ton, 8650-9000 yuan / ton and 7600-7850 yuan / ton, respectively.

The operating rate of polyester industry decreased slightly to below 83%, and the overall inventory of the market was concentrated in 19-29 days, including POY inventory of 16-25 days, FDY inventory of 19-21 days, and DTY inventory of 22-30 days.

The average price rise and fall of polyester filament market last week, unit: yuan / ton

From the upstream, the international crude oil at the raw material end rebounded. As of September 2, the settlement price of the main contracts in the US WTI crude oil futures market was at US $69.99/barrel, while that of the Brent crude oil futures market was at US $73.03/barrel. Recently, PX spot liquidity easing last week showed a downward trend, PTA current price continued to weaken slightly, tail narrow rebound. At present, the operating rate of PTA industry remains above 80%, and the load will increase with the planned restart of the plant in September. In addition, the supplier Eason supplied the contracted goods in September to 80%. Therefore, the spot supply will rise significantly in September and PTA will enter the accumulated inventory.

As of September 2, 2021, the comprehensive starting load of downstream Jiangsu and Zhejiang looms is around 71%. Jiangsu and Zhejiang weaving factories generally said that entering September, the market proofing did not increase significantly, and the release of new orders was still slow. Most factories said that the follow-up orders may increase in succession, but the market inventory pressure is great. For example, the inventory pressure in Shengze area of Jiangsu Province is relatively small, which is about 20 days, and the inventory pressure is relatively large, which is more than 1.5 months. The stock of grey fabric in mainstream warp knitting factories in Haining area of Zhejiang Province rose to 30-55 days, and some of them were higher for more than two months. At present, most factories are in the state of receiving orders while doing. Due to the higher export cost, foreign trade orders are slightly reduced compared with the previous period, waiting for the domestic market to start.

Business analysts believe that the current PTA maintenance period of raw materials has passed, and the supply and demand side has weakened, but generally speaking, in the short term, driven by the good crude oil, there is a good support at the cost side. Affected by inventory and loss, polyester fiber factories still maintain the expectation of continuous production reduction. The terminal textile market is cautious and wait-and-see, sporadic demand for replenishment, and market trading is still light. With the arrival of autumn, it is expected that domestic winter grey fabric orders will be issued in succession. Affected by this, the follow-up polyester prices have certain room for increase.