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    Polyester Staple Market In The First Week Of April

    2019/4/8 13:05:00 11381

    Polyester Staple Market

    This week, the price of direct spinning polyester staple has narrowed. Last Friday, due to the gradual entry of PTA to the inventory cycle, it increased the price of PET staple fiber, and supported some of the factory quotations over the weekend. But in view of the low buying sentiment, the price of polyester staple fiber is limited to a certain extent. However, due to the delayed maintenance plan of Yizheng PTA and Fuhua, the market is short of confidence, raw materials are down, and demand is weak.

    Oil prices have gone up since the beginning of this week, but failed to lift the rise of polyester raw materials PTA and glycol. Due to the delay of the PTA factory maintenance plan, PTA first rose and then fell on Tuesday, causing insufficient confidence in the market and poor performance. The high storage of ethylene glycol is difficult to digest, making the ethylene glycol concussion weak. The cost side is not obviously good for the time being. The price of the polyester staple fiber is steady.

    In terms of upstream and downstream of polyester staple fiber, the overall performance is stronger and weaker. The upper strength is reflected in the continuous rise of oil prices or the support for PTA and ethylene glycol in polyester feedstock in the later stage. Although PTA was postponed in the face of the delayed maintenance plan, the spot futures were temporarily weak, but there was not much drop in the spot market, which was on the whole last Friday. Late oil price rises may support PTA's rebound. In addition, on Thursday, the PTA1 repair plan boosted the market, resulting in a slight warming trend. The weaker performance is due to the stimulation of tax reduction in the market at the end of March, making the downstream enterprises at the profit maximization target concentrated in replenishment before April 1st. At present, the downstream purchasing mood is not high, only buying at the discretion of the market, and the demand side is weak. However, there are also some downstream factories in the lower reaches of the market, which say that factories will not buy large quantities of raw materials with the purchase. But all in all, the downstream is basically showing a weak situation.

    From the analysis of polyester staple fiber itself, the polyester staple fiber started 86.68% at present, and started at a higher level. Later, the Suzhou Jiangnan project was overhauled before April 10th. After April 25th, the 2 sets of equipment in Luoyang also entered a 4 year maintenance cycle, so the April polyester DF started or declined in March. The supply side is not very stressful. However, due to the recent cost shocks, coupled with the low buying mood of downstream products, the recent production and sale of PET staple fiber is not good enough, so the pressure of factory storehouse appears to sprout. In March 2019, the average daily production and sales was 87%, an increase of 21% over the same period last year.

    Comprehensive analysis, at present, polyester staple fiber for the time being lack of good news stimulation, oil price rises or drives cost end from weak to strong, but demand side is weak or restricts price to rise further. From all aspects of analysis, polyester staple fiber after the rise is good, but bad luck also affects the mood of the market, at present, bad relative advantage, polyester staple lack of optimism.

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