Jiangsu And Zhejiang Polyester Factories Gradually Cut Production, But Polyester Twisted Weak Market Is Not Easy.

With the end of the traditional peak season of Jin Yin Yin ten, the market direction should be clear, but it seems to be more complicated now.

In recent days, polyester products, including PTA, ethylene glycol and polyester filament, are in a continuous downward trend.

According to statistics, as of 11 days, polyester filament has been in a month or so of price reduction, POY150D average price from September 10th of 12400 yuan / ton, to the current 9300 yuan / ton, down 3100 yuan / ton, or 25%.

However, the continuous decline in the promotion market did not bring impetus to the market sales; it is understood that the overall production and marketing of the polyester market has not been satisfactory in recent stages, and the mainstream is mostly centered on 6-8, and there is no strong breakthrough.

stay

In the case of volume and price falls, inventory pressure is followed.

Due to the limited market demand, the polyester market is in a state of tired inventory. Although the pressure of manufacturers has dropped slightly after the national day, the decline is not obvious. In addition, the stock market is still weak, and the stock of polyester factories is still high.

1, downstream weaving is like a frightened bird: dare not buy!

In contrast, downstream actions are still under high cost.

Faced with a sharp fall in the market, it became increasingly cautious.

Resulting in continuous follow-up procurement in Jiangsu and Zhejiang weaving mills, but after reducing the price of polyester, the stock would be reduced instead of waiting.

It is understood that from the perspective of weaving, after entering November, the market began to show signs of weakness again.

With the weakening of the market trading atmosphere and the difficulty of rising fabric prices, the textile manufacturers' enthusiasm for production has dropped markedly.

According to statistics, from last week to now, the operation of Jiangsu and Zhejiang areas has undergone a downward trend.

2, upstream PTA device maintenance: want to stop!

In the near future, the PTA processing profit fluctuated obviously, and the processing fee dropped from 700 yuan to 800 yuan / ton at the beginning of the month to less than 300 yuan / ton.

Low processing fee also stimulated the additional maintenance of PTA manufacturers. It is understood that this week's maintenance is not rare. Ya Dong Petrochemical 750 thousand tons of 11.13-11.24 repair, Fuhai set up 2 million 250 thousand tons of equipment 11.15 parking 7-9 days, Yanda 2 million 250 thousand tons of equipment 11.20 days, parking technology pformation 2 months, overall, PTA operating rate remained low.

Can the supply side of the filament supply limit? Can it bring waves to the market?

Now in such an awkward situation, the seminar on filament filament supply side has been held for a long time, making the industry's long silence become restless again.

According to market rumor, after November 12th, polyester factories in Jiangsu and Zhejiang provinces have repeatedly cut production orders, and some polyester factories continue to join the production reduction teams.

Today, production and marketing have also been delayed for a long time.

Then will the polyester factory "turn red" after the sudden reduction of polyester plant?

1, polyester raw materials gathered together hard to rise

Although today's PTA futures ushered in a long rebound.

But from the current situation, whether PTA or MEG, the profit situation is not very ideal, it is indeed a fact.

In addition, crude oil has experienced a long decline in the near future, and the US WTI crude oil is near $60 after falling nearly 20%.

In the short term, the signs of stopping prices are still not obvious, and the downward track is also continuing.

In the short run,

The possibility of rapid rise is still small.

2, polyester filament high storage time is also difficult to digest.

Since late October, production and marketing have been sluggish.

High inventory situation is obvious.

Under such circumstances, polyester factories are more difficult to pull up or trigger downstream resistance.

By comparison, it is obviously more willing to accept the upstream preferential shipment to meet the needs of the downstream needs and the invoice requirements at the end of the month.

3, the downstream capital situation is tightening up.

Finally, put aside the mentality of the market, due to the account period problem, the current downstream bombs and weaving enterprises generally tighten the financial situation, and have no ability nor willing to prepare for a long time.

In the short term, under the common suppression of the upstream and downstream markets, it is no easy task for the polyester filament market to "turn red".

However, we can wait and see that the convening of the filament conference or the weakness of the current market can be reversed.