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    During The Spring Festival, Polyester Filament Has No Market Price. What Is The Trend Of The Market?

    2019/2/13 10:18:00 20

    Polyester Filament

    During the Spring Festival, the market of polyester filament is free from market and basically in vacuum.

    Due to the low inventory level of enterprises before the festival, and the replacement and restart of the equipment after the festival, the supply will be promoted slowly. The downstream weaving starts to recover slowly. After the beginning of the festival, the supply and demand of the polyester market will be two. What will the short-term changes be after the Spring Festival starts?


    Sufficient supply of cost side

    Fuhai PX is currently running at full capacity at 800 thousand tons. The first 800 thousand tons are now heating up, and the 4 million 500 thousand ton PTA plant is planned to load 80% in February 13th. The load is expected to increase by 10 thousand tons / day.

    Sinopec's Yizheng 650 thousand PTA plant is scheduled to stop short for three days starting from today.

    In addition, Fuhai set up another PTA device which was postponed from January to February, and there is no definite restart time. At present, the supply of PTA is adequate, the operating rate is relatively high, and the start-up of polyester has not been resumed. Pre - circulation inventory has accumulated nearly half a year high, focusing on the inventory situation this week.

    However, PTA upstream raw material PX price is strong, yesterday, PX prices still increased substantially before the festival, and PTA price support.

    The device will be restarted one after another.

    By the end of, the average operating rate of polyester filament enterprises was about 70.28%, which was 1.84% lower than that of the previous week.

    Specific equipment changes are as follows: Ningbo Quan Di polyester production capacity of 400 thousand tons, all parking in January 24th, plans to restart in February 20th; Ningbo Jinsheng production capacity of 120 thousand tons, in January 25th to repair the car, plans to restart in February 19th; Taicang Changle 250 thousand tons of equipment in January 25th to stop maintenance, plan to restart after the holiday; Taicang Shen 200 thousand 200 thousand tons of equipment in January 29th parking repair, plans to restart after the Spring Festival; Ningbo Zhucheng 180 thousand tons of capacity in the park parking repair, restart time is not yet determined.

    Downstream trading temporarily light

    On the first working day after the Spring Festival, most of the downstream weaving and bomb factories have not yet been opened. Most of the polyester plant installations started in January will resume in the middle of February or March. It is expected that factories will start work in mid and late 2, but will not return to work at once, or the rhythm of slow recovery.

    1 in the middle and the second half of the month, the stock of polyester filament appeared a rapid decline, so the stock of polyester plant was not high, and the pressure of resuming after the holiday was not great. However, the inventory of terminal grey cloth is still at a high level for two years, indicating that terminal consumption has not actually improved.

    After the Spring Festival, as the production of the industrial chain is restored as a whole, the terminal weaving enterprises will be faced with the predicament of high inventory of raw materials and poor sales of products. Therefore, whether the final market will be able to continue, the situation of the terminal clothing market is still one of the decisive factors.

    On the whole, the polyester filament device repaired during the Spring Festival has been restarted recently, and the inventory level of enterprises before the holiday is low.

    From mid February to early March, there is still a wave device to be repaired, so the supply of polyester filament has increased slowly after the festival. The downstream weaving started slowly, and the market supply did not change much at the beginning of the festival.

    However, before the raw material has been pulled up slightly, it is a polyester filament enterprise, and has the desire to follow up. However, the market has no market price, so the center of gravity of the filament has not improved significantly. If the raw materials continue to pull up after the holiday, the polyester filament will probably have a longer wave in the later stage.

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