The Continuous Rise Of Polyester Market Has Long Been Cautious.

In the early days of the Qing Dynasty, the domestic polyester filament market appeared to have been rising for a long time. At the beginning of the week, the State Council again raised the export rebate rate of textile and clothing and the impact of upstream raw materials. The market price of Jiangsu and Zhejiang market was generally raised by 100-200 yuan / ton, and the polyester Market in Jiangsu and Zhejiang provinces basically maintained a steady trend in the middle Zhou Dynasty.

After entering the market on Friday, after the market bullish Festival, the downstream weaving enterprises have entered the market to rush to buy, the market turnover atmosphere is extremely warm, the quotation of the mainstream polyester factories in Jiangsu and Zhejiang has increased sharply, the range has reached 300-500 yuan / ton, and the mainstream quotation in the POY150D/48F market has risen to 8600-8700 yuan / ton.

As mentioned in the opening paragraph of this article, the rise of polyester filament market is mainly due to the joint action of the upstream and downstream markets.

In terms of contract goods, Japan's light and new Japan Petroleum PX April Asian contract execution price were 880 US dollars per ton (CFR, L/C 90 days), up 50 US dollars from last month's implementation, and Sinopec's April PX contract quotation was 7000 yuan / ton, which was unchanged from last month's quotation.

Last week, ethylene glycol market prices also rebounded strongly, the price of the internal market increased significantly by 500 yuan / ton. At the end of the weekend, most of the traders closed the market and waited for the market to be clear next week to make a firm offer. The Zhangjiagang market sporadic small single offer price was 4500 yuan / ton, the buyer inquiry price was 4350 yuan / ton, the negotiating price was 4400 yuan / ton, and the external market was closed at 530 U.S. dollars / ton.

On the downstream side, there has also been a marked improvement in the recent downstream situation.

We can also get a good verification from the relevant index monitoring system. Taking the price index of China Shengze silk chemical fiber index compiled by the Ministry of Commerce as an example, the index changes show that after entering this year, especially after March, all kinds of price indices of the Shengze index have bottomed out. As of March 31st, the total price index of chemical fiber products has closed at 98.21 points, up 1.98 points compared with the end of December last year, or 2.1%, and the chemical fiber price index closed at 97 points, up 1.59 points compared with the end of December last year, or 1.66%; and the chemical fiber price index closed at 99.72 points, up 0.60 points compared with the end of December last year.

Especially in recent times, the total price index of Shengze chemical fiber products is almost straight up, rising nearly 2 points in a week, or 1.8%.

Judging from the current market situation, the upstream raw materials will continue to strengthen after the festival, and the downstream demand will also be continuously released under the stimulation of price increases, especially at present, the stock of polyester factories has dropped to a more normal level, which will play a more active role in improving the product prices of polyester factories, and predict the price of polyester filament will continue to be high.

But the author here needs to remind the industry that the downstream weaving industry is just like a patient with a serious illness who has not yet fully recovered, and its own resistance is still weak. If the price of polyester filament is too high, once the downstream resistance is raised, the market will probably stop abruptly. Therefore, the author suggests that polyester factories should be cautious when dealing with the price increase, and should not control the rate of increase in order to pursue a temporary "digital pleasure" and ruin the hard and fast rising market.

Editor in chief: Xu Qiyun