Changxin Market: Polyester Market Weak Market Adjustment

This week (September 23-29), 23-24 polyester market weak market adjustment, the price trend seems to be weak, concessions offer price promotion is widespread.

Driven by the rebound of PTA futures and the polyester monthly price, coupled with the procurement of raw materials for weaving ahead of the national day, the volume of trading on the 25 day also showed an enlarged trend, and the price trend was stable. However, some of the earlier low prices appeared to be cancelled or tentatively lifted.

Recently,

Market volume gradually fell, prices of varieties stable state.

Judging from the trend of varieties,

The FDY63D class is a "quantity up" market, the current price is 10500-10700 yuan / ton, the polyester product specifications are mainly used for water jet weaving production of polyester taff series; DTY100D/144F is also relatively smooth, it is mainly interwoven with the DTY75D/72F network to produce spring cotton yarns, and the DTY75D/72F network wire can be traded within this week, its price is basically stable compared with last week, and the price of Taicang stainless steel DTY75D/72F network wire is 12200-12400 yuan / ton.

FDY50D, 75D large

Sales in the market maintained momentum, of which the 75D center price reached 10200 yuan / ton, compared with the weekend price change little.

From the analysis of the purchasing power of the downstream, most of the weaving enterprises use the "quantitative production" operation to purchase materials. The volume of polyester trading will be stable in the future. However, after the lack of cost support, there will be a moderate downward trend in the polyester content after the festival.

The price of PET staple is stable, and the central price is about 9000 yuan / ton.

Pure polyester yarn prices are stable, of which pure polyester yarn 45s volume can be, polyester cotton yarn current price trend temporarily stable.

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"The main reason for the sharp rebound of PTA futures after May is that the domestic PTA production enterprises have formed a price alliance, and now the alliance is in name only."

Guotai Junan Futures analyst Dong Dandan said.

It is reported that Yisheng and Xiang Lu September PTA contract cargo settlement price of 6900 yuan / ton, Hengli settlement price of 7000 yuan / ton, the alliance has internal price differences, and the settlement price has not been calculated according to PX+720 yuan / ton.

One industry insider told reporters that the main reason for the failure of the alliance was that Hengli had failed to comply with the agreement, and the market was short in the futures market, resulting in a bull in the 1409 contract, and its profits in the futures market were quite good, which made the other manufacturers who took the initiative to reduce the load but did not sell short.

"Yisheng and Xiang Lu settlement price of 6900 yuan / ton is actually for breath, Yisheng downstream matching polyester, the actual impact is not big."

Immediately after the collapse of the alliance, the load will start to increase.

Dong Dandan said that in the 6-9 months of the alliance, Xiang Lu and Yisheng's active production control led to a sharp decline in the operation rate of the entire PTA industry, excluding the two week 70% operation rate in the first half of July, and the rest time was below 65%.

However, the direct beneficiaries of the two big enterprises' reduction in production have become Hengli and other small and medium-sized enterprises.

With the outflow of the 1409 contract deliveries and the introduction of the settlement price in September, the two enterprises will substantially increase the operating rate in the later stage.

In fact, the starting rate of PTA began to increase gradually in late September.

This judgment was confirmed in many other industry circles.

"The operating rate in October is sure to go up. Now the big factory has gone back to the idea of making use of its own production line to lower the cost of processing the price war, plus the four quarter involved second years of signing the customer's problem. The leading enterprises must maintain the normal starting load."

A spot business person said.