Demand Reduction Polyester Chip Market Difficult To Really Warm Up

The main reason for the rise of PET chips is that the upstream raw materials are strong.

Recently, the international oil market has been stimulated by the US government's plan to clean up the bank's bad assets plan, the sales volume of the old houses and the stock market. Investors are optimistic about the US economic recovery and the US dollar plummeting.

Last Tuesday, international oil prices hit $54 a barrel, and oil prices in New York and London hit a four month high.

At the close, the New York Mercantile Exchange's May light crude oil futures rose 18 cents to $53.98 a barrel.

Beihai International Petroleum Exchange's May delivery of Brent crude oil futures rose 3 cents to $53.50 a barrel.

However, we carefully analyze the polyester chip market, it is not difficult to see that it lacks a main support, that is, the support of downstream demand, based on this factor, I think polyester chip is not sustainable, the market is difficult to really warm up.

First of all, from the recently released textile data, in February, China exported textiles and clothing to US $6 billion 675 million, a decrease of US $8 billion 556 million over January, a decrease of 56.17% compared to January, a decrease of 3 billion 625 million US dollars compared with the same period last year, a decrease of 35.19% over the same period last year.

Among them, textiles (textiles, yarns, fabrics and products) exported to US $2 billion 563 million in February, down 45.75% from the same month, down 32.29% from the same period last year. The export volume of clothing commodities (clothing and accessories) was 4 billion 112 million US dollars in February, down 60.86%, down 36.55% from the same period last year.

The above data show that the export situation of textile and garment industry will become more and more serious. The export situation of textile and garment is not optimistic in the coming months.

From this, it is certain that terminal demand will not be better in the short term.

Secondly, the polyester market is not optimistic.

Although the polyester and polyester prices rose last week, for example, the market price of FDY50/72 rose to 11800 yuan / ton last week, and the market price of POY75/72, POY150/144 and 150/288 rose to 8900, 8300, 8800 yuan / ton. The price of DTY75/72 light, 150/144 light and 150/288 light network increased to 12600, 11400, 11400 yuan / ton.

Moreover, compared with direct spinning, the silk price of sliced spinning enterprises does not have their own advantages, which will affect the procurement of polyester chips to some extent.