The Atmosphere Of Polyester Filament Market Began To Spread.

Since mid August, due to power restriction, downstream

From 14 to 15 days, the price of polyester began to decrease significantly. On the 16 day, some factories chose to make up for the fall; on the 17 day, the polyester price trend continued to fall; on the 18 day, the price of polyester POY in Shengze and Taicang showed a decrease of 200 yuan / ton; on the 19 day, the price of the polyester market continued to move downward, and the difference between the quotations and the actual paction was widened; the price of silk continued to show a downward trend on the 20 day, and the decline was increased. Among them, the FDY products were generally 200-300 yuan /T, and the quotations on the 21 day remained stable for a while, but the actual paction price was generally prevailing.

On the 22 day, the price center of gravity continued to decline, for example, Shengze has been spinning big factory FDY down 200-300 yuan / ton.

On the 23 day, the prices of polyester and silk in Jiangsu and Zhejiang continued to plummet, for example, the mainstream products of a major factory in Shengze dropped by 200 yuan / ton.

The cash quotation of FDY50D/48F market is now 6 yuan in 17100 yuan / ton and 50D/24F market, and the acceptance price is 16900 yuan / ton.

POY75D/72F66 months, the acceptance price is 14000 yuan / ton.

After a continuous decline, the price of polyester filament rose sharply in the current round of falling market. The decline has reached 1200-1500 yuan / ton, and the retaliatory fall in the early days of polyester industry appears to be expanding.

Then, what causes the polyester filament of the futures market to become "defeated"?

First, after the middle of August, the purchasing intention of downstream users of polyester filament is low. Polyester factories generally reflect shipments difficult.

Market participants originally expected that the power restriction in Zhejiang would have a significant impact on polyester load. Because of the disruption of polyester raw material supply, the downstream warp knitting and weaving enterprises were ready to stock up.

By the middle of 8, the raw material inventory of downstream users is usually over 15 days, and the higher is more than a month.

But in fact, in addition to large-scale polyester enterprises in Shaoxing, or will have to close the polymerization spinning device, Xiaoshan, Tongxiang and other places plan to stop slicing or spinning machine to meet the power limit requirements.

Instead, the recent electricity restriction policy for weaving enterprises is being implemented strictly.

For example, in the 50 days from August 11th to September 30th in Changxin area, textile related industries were first established according to the policy of deploying five stops per week for two, plus the following arrangements: printing and dyeing for 35 days, water loom stopping for 50 days, adding bombs, and other textile machines for 20 days.

At present, the sprinkler will stop for 10 days, then discuss with the government. The 50 day plan is uncertain, but it will not be less than 20 days.

In 50 days, the warp up and warp knitting stopped for about 28 days, and the opening five stops two. According to the actual situation, it can be adjusted to four stops three.

Haining, Tongxiang, Shaoxing and other places also have a power rationing policy for the downstream SMEs.

The implementation of these power restriction measures seriously inhibited the downstream terminal's consumption of polyester.

The two is the large rise of the polyester filament in the early stage, and the profits of many products are considerable, while the downstream textile products have a very limited growth rate, resulting in an increasingly growing resistance to the downstream market, and the enthusiasm for buying is also greatly reduced. Some enterprises are starting to sell their products at a lower price.

Three, the support for upstream raw materials is always insufficient.

In terms of international oil prices, its price fell slightly on the 23 day.

As of the end of the day, the New York Mercantile Exchange delivered light crude oil futures in October, which fell 72 cents to 73.10 dollars a barrel, while the London market Brent crude oil futures in Beihai fell 64 cents to $73.62 a barrel.

Yesterday, the PTA spot market in East China declined, and the RMB offer in the internal market was 7300 yuan / ton. The intention of the factory delivery was flat, the real intention was 7250-7300 yuan / ton, the external shipping market was relatively quiet, and the Taiwan goods were quoted sporadic quoted price of 890 US dollars / ton, the real intention was 880-885 dollars / ton, the Korean cargo was quoted at 880 US dollars / ton, and the negotiation intention was near 875 US dollars / ton.

On the MEG side, the seller's offer in Zhangjiagang glycol market persisted at 6400 yuan / ton, and the small bill was 6350-6400 yuan / ton, and the Chinese market order was slightly lower.

The seller's offer of $785-790 / ton on the ship's market was also exhausted by the discussion of $780 / ton.

As the above fundamentals can not be changed in the short term, the price of polyester filament will be predicted to decline.