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    Big Market Fall Polyester Industry Chain Refall And Fall

    2019/5/16 22:47:00 6750

    Polyester Industry Chain Quotation

    Green top!

    Affected by the setback of the bulk market, the polyester industry chain "Fengyun" again, fell into a downward trend.

    First of all, it is natural that chemical futures are the most sensitive ones, with collective falls.

    PTA futures entered this week, three consecutive trading days slumped close, of which the main 1909 contracts for three days, respectively, 2.2%, 4.4% and 1.62%; the main contract ended at 5578 as of the 15 day.

    The 1907 contract on the 14 day is the intraday limit, the 15 day's decline is still larger, the final plunge 4.2%.


    As a small partner of polyester, MEG futures market is also continuing to explore the bottom. On the 14 day, its main contract touched the limit plate, and finally closed down by 3.16%, and fell again 0.91% on the 15 day.

    Although the domestic maintenance of ethylene glycol started slowly, the overhaul space for the high inventory was limited, and after the overhaul, it continued to accumulate.


    Can not escape this wave of decline, 15 polyester manufacturers have also opened up the downstream channel, polyester filament products prices have more than 100-200 yuan / ton of room for reduction, the actual volume is larger and more negotiate concessions.


    Tongxiang direction: the price of polyester POY in Tongxiang's mainstream factory is reduced by 100-200 yuan / ton, and the price of polyester in another factory in Tongxiang has dropped by 100-200 yuan / ton.


    Shaoxing direction: FDY of a factory in Shaoxing dropped by 100-200 yuan / ton.


    Xiaoshan direction: DTY of a factory in Zhejiang dropped by 100 yuan / ton; POY in a factory in Xiaoshan dropped 150 yuan / ton, depending on quantity could be 150 yuan / ton; Zhejiang factory DTY fell 100-200 yuan / ton, and the deal was negotiable.


    Jiangsu direction: the price of polyester in Jiangsu is reduced by 100 yuan / ton, and the volume is large again. The FDY of a factory in Wujiang dropped by 100 yuan / ton, depending on the quantity concessions; the FDY of Wuxi factory was stable, but there were many negotiations; Taicang polyester POY dropped 200 yuan / ton.


    In recent days, the polyester industry chain is a "depression" scene. In fact, besides the macroeconomic factors, the fundamentals are the key to the downturn.


    First, polyester production and marketing continued to be weak, and inventory pressure appeared.


    The price of polyester factories has dropped, in the final analysis, it is affected by the weakening of market demand.

    After the May 1 small holiday, the weaving market turnover has not improved, the overall trading atmosphere is not as good as before, the fabric market sales pressure gradually revealed, some of the products prices fell.


    Although the opening rate of the weaving Market is still stable, the rate of water injection and air jet start-up is around 7-9. However, weaving manufacturers are cautious about the raw materials and purchasing according to their needs when considering the pressure of funds and the expectation of future market.


    As can be seen from the above, affected by demand, the market trading atmosphere of polyester filament Market in Jiangsu and Zhejiang provinces is generally weak in recent stages, and the overall production and marketing are weak.

    According to statistics, the production and sales of mainstream factories are mostly concentrated in 60-80%, and some good factories are only 100% or slightly above the level.


    Along with the market production and marketing downturn, polyester manufacturers' inventory pressure is also gradually increasing; although the industry inventory is still within the scope of affordable, but compared with the same period last year and the previous stage, polyester stock pressure further increased.


    Two, polyester burden reduction, PTA go to the library is expected or change


    In the case of weak production and marketing, rising stocks and weak profits, it is expected that the polyester manufacturers or the lower load plan will ease the inventory and profit pressure, which will restrict the PTA stock market to a certain extent.

    In addition, there are market participants expect that the PTA overhaul peak has already been and the PX bad early release and other factors, the PTA go to the library is expected or will gradually plate into supply and demand balance expectations.


    In short term, PTA inventory is still in a low position or will support its price operation; but now the polyester industry chain profits are too concentrated on PTA, which is really not conducive to market development trend.

    Apart from the influence factors of the macro level, the most critical factor in the polyester industry chain is still bad pressure from the weakness of terminal demand.





               

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