According to the price monitoring of the business agency, the price of polyester filament is affected by the negative effects such as the sharp fall of cost and the fall of downstream purchasing sentiment. The overall heat of polyester filament is declining, and the market is running slightly. All products are in a downward trend this week. Among them, the decline of polyester FDY is more obvious, with a weekly decline of 3.02%, while that of polyester POY and polyester DTY is 1.45% and 0.35% respectively.

Average price rise and fall of polyester filament Market from October 23 to 30, unit: yuan / ton

Products up and down from October 23, 2020 to October 30, 2020

Polyester FDY (150D / 96F) 5798.33-5623.33 – 3.02% – 24.59%

Polyester POY (150D / 48F) 5504.00-5424.00 – 1.45% – 23.32%

Polyester DTY (150D / 48F low elasticity) 7170.00-7145.00 – 0.35% – 19.28%

At present, the polyester filament Market in Jiangsu and Zhejiang is weak, and mainstream factories begin to reduce prices and promote sales. The price of polyester POY (150D / 48F) is 5350-5650 yuan / ton, polyester FDY (150D / 96F) is 5210-5850 yuan / ton, and polyester DTY (150D / 48F low elasticity) is 7000-7400 yuan / ton. The purchasing enthusiasm of downstream textile enterprises has declined, and the raw material inventory is mainly digested, and the market transaction is light. In terms of production and marketing, the average production and sales of mainstream large factories are 60% – 80%, and the production and sales of some better factories can reach 120%. In terms of inventory, the overall inventory of polyester market is now concentrated in 27-38 days, including POY inventory of 9-15 days, FDY inventory of 20-37 days, and DTY inventory of about 28-39 days.

The PTA Market of raw materials fell in a narrow range. As of October 30, the average market price was 3285 yuan / ton, 4.54% lower than the beginning of the week, and 33.28% lower than that at the beginning of the week. In terms of plant maintenance and restart coexist. Yishenghua’s 3.75 million ton PTA plant has reduced its load by 50% and planned maintenance. On October 31, Yangzi Petrochemical planned to overhaul 350000 tons. However, on October 28, Hanbang 2.2 million tons PTA plant was restarted, on October 30, Yizheng Chemical fiber 650000 tons was planned to restart, and Hengli petrochemical company planned to restart 2.2 million tons on November 1. It is expected that PTA starting load will rise from next week. In addition, another 1.1 million tons of new PTA capacity of Dushan energy phase II was postponed to the beginning of November, and crude oil fell. The production and sales of downstream polyester market were flat, which was negative for PTA market mentality.

On the downstream side, due to the cold winter expectation and the favorable expectation of domestic purchasers for “double 11″, there are more winter cold proof fabrics in the traditional market of China Light Textile City. The corresponding demand for winter fabrics increases, which drives the sales of corresponding raw materials in the upstream. The downstream weaving factories also increase their horsepower near the double 11 node and make full preparations day and night. At present, the comprehensive starting rate of Jiangsu and Zhejiang looms is at present At present, the factory orders are mostly maintained around the early November. However, according to the news in Shengze area, the transaction growth rate of fabric market has slowed down. Although manufacturers have more orders in hand, the de stocking speed is slow. At present, the inventory in Shengze is about 40 days, and the start-up rate continues to maintain at a high level of 80-90%. At the same time, the recovery of foreign trade market is not as good as expected, and the market confidence has also dropped slightly. Textile enterprises also have certain concerns. Therefore, we adopt the business strategy of more market-oriented atmosphere and production according to order for raw material procurement.

Xia Ting, an analyst at the business agency, believes that although the current polyester filament market price has fallen, the overall performance is still quite strong under the favorable support of terminal demand. In November, it is mainly the “double 11″ clothing and home textile e-commerce preparation, followed by the “double 12″ arrival, or will usher in a wave of replenishment, the order volume is still likely to rise. In addition, with the decrease of temperature and the demand for cold proof clothing fabrics, the market atmosphere for goods will be driven, and the price will rise at that time. However, the supply pressure of raw material market will remain, and the cost side support is insufficient, so the overall price increase will not be too large. From the middle and late ten days, with the advent of the off-season procurement, the price will also weaken, and the future market still needs to pay attention to the raw material market and foreign trade situation.