Weak Supply And Demand, Trend Analysis Of PET Staple Market Before May 1 Holiday

Recently, due to the decline of raw material PX, the polyester staple fiber was flat, and the market price fell back to the price before the end of March.

However, the PTA polyester plant's market has been temporarily on the decline due to the impact of the overhaul plan and the rise in crude oil prices.

Will the polyester staple market get warmer before the May 1 holiday?

Raw materials are temporarily weak, focusing on device changes.

Because of the maintenance of the PTA device, the spot price is relatively strong, and the price of PX has fallen greatly, and the profit of the industry chain is pferred from the upstream to the middle and lower reaches.

Since late March, the processing error of PTA has reached more than 1 thousand yuan per ton, and has continued to expand to 1447 yuan / ton.

Driven by high profits, some devices postponed or shortened the maintenance plan, and the PTA went to a weaker level.

PTA load remained steady at 79.3% this week.

Jiaxing Petrochemical 2 million 200 thousand tons, 340 thousand tons of Tianjin petrochemical, Zhuhai BP125 million tons of equipment overhaul plan to restart next week.

Yizheng chemical fiber 650 thousand tons from April 19th to stop for 7-9 days, Ya Dong Petrochemical 700 thousand tons plan next week to stop short, Luoyang Petrochemical 325 thousand tons plan in late April annual inspection, Ningbo Taiwan 1 million 200 thousand tons plan May 13th parking repair 18 days, 2 million 550 thousand tons of Fuhua plan May annual inspection plan, Shanghai Petrochemical 400 thousand ton plan May 24th -6 month 22 day maintenance.

Ethylene glycol is still subject to high inventory rejection, and the market is expected to shake up.

Supply is optimistic, demand is sluggish.

Judging from the supply side of PET staple, there are 40 thousand overhaul of Jiangnan, Luohua and Shihua synthetic fiber in 4-5 months. The output will be estimated at about 40 thousand tons, accounting for about 8.5% of the monthly output. The latest production and sales rate is about 2%.

After the Qingming Festival's centralized shipment, the average stock of the industry dropped to 0-5 days, so the supply side was relatively optimistic.

Demand side, after two rounds of centralized stocking, yarn enterprises short fiber can be used until the end of April or early May, to a certain extent, overdraft the market demand.

And the order of the terminal is relatively general, the inventory of the grey cloth factory is high about 35 days.

Therefore, at this stage, the downstream market is generally observing the stock market in May, buying or more carefully before May Day, even if there is a large demand, the price of downstream polyester yarn can not be maintained.

To sum up, although the main raw material PTA is still in the period of maintenance and inventory, the continuous rise of oil prices will also support the upgrading of PET staple fibers. However, the weakness of PTA will continue to lead to a certain risk of downfall in the PET staple market, and the capacity of PTA itself to restart will also be higher.

At present, both ends of supply and demand are weak, and the market situation has not changed significantly.

It is expected that the polyester staple market will continue to be weak before May 1.