Polyester Market Boom Significantly Rebounded

In mid December, many textile enterprises in China encountered 1 big problems: high raw material prices. From nearly 1 months' report of a textile enterprise in Shengze town of Suzhou, it can be seen that the price of polyester factory is almost 100-300 yuan per ton per day. For textile enterprises, first days of hesitation, second days of price increases, third days of price increases, fourth days to buy but no goods...... Polyester prices continue to rise, making it difficult for downstream. In fact, since September this year, there has been another round of rising prices in the polyester market.

"During the September G20 summit, the large-scale centralized parking inspection of polyester factories in Jiangsu and Zhejiang resulted in a rapid decline in polyester supply. The terminal orders were released quickly after the G20 summit to boost demand for polyester products, and polyester supply and demand pattern improved to drive polyester production profits up. Soochow futures analyst Wang Guangqian said, at the same time, polyester direct Raw material M EG prices rose rapidly at the end of September, and PTA prices also rose at the end of September. Under the expected role of cost push up, downstream enterprises speed up the pace of polyester raw materials replenishment, resulting in a rapid decline in finished product inventory of polyester enterprises, and polyester products prices continued to rise, polyester production and sales booming, profits and market prosperity gradually picked up.

Wu Xiaofen, an analyst with China silk net, also found that the peak season of polyester market has been extended in the second half of this year. She told the futures Daily reporter that in September this year, influenced by the G20 summit, the fabric market performance in autumn and winter was normal, and the polyester filament market was relatively dull. After October, the fabric orders arrived. In the middle of the month, the price of polyester filament rose strongly and the price increased in a wide range, driven by the rise of crude oil prices and the improvement of production and marketing.

"In the fourth quarter of this year, the price of polyester raw materials picked up. Besides the help of crude oil, the polyester factory alliance is also an important factor to support the price of polyester filament." Wu Xiaofen believes that under the joint action of upstream and downstream, polyester raw materials, represented by polyester filament, have risen sharply. Polyester fiber Nylon and other prices rose more than 3. Data show that up to now, the price of semi gloss polyester chips in East China has been quoted at 7725 yuan / ton, up 1575 yuan / ton compared with September 23rd, or 25.61%; and the factory price of polyester bottles in Jiangsu three Lane Lane is 8100 yuan / ton, up 1400 yuan / ton compared with September 23rd, or 20.90%.

Polyester filament yarn, East China polyester filament POY150D/48F price 8800 yuan / ton, compared with September 23rd rose 2000 yuan / ton, or 29.41%; East China polyester filament FDY150D/96F quoted price 9750 yuan / ton, compared with September 23rd increased 2150 yuan / ton, or 28.29%; East China polyester filament DTY150D/48F price 10450 yuan / ton, compared with September 23rd rose 1825 yuan / ton, 21.16% percent; polyester staple price quoted 8700 yuan / ton, compared with September 23rd rose 1900 yuan / ton, or 1900.

In fact, this year polyester Terminal products have been sold out continuously, of which FDY products have been oversold, and the finished products of downstream warp knitting enterprises are also oversold. Polyester stocks are at an absolute low level during the year, which is also lower than the same period last year. On the one hand, polyester manufacturers are more willing to buy and buy with low price strategy before the Spring Festival; on the other hand, the peak season for the downstream has not yet ended. The short-term crude oil prices have intensified, PTA has been better expected, and the purchasing intention of downstream enterprises is stronger, and the existing polyester stocks have been well digested.

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