Polyester Production And Sales Of Polyester Staple Fiber Prices Continue To Decline

Recently, polyester filament production and sales have recovered, but the price of polyester staple fiber is still declining.

At present, the performance of the terminal textile industry is still weak, and the weakness of upstream PTA and ethylene glycol also has certain constraints on its trend. In addition, the polyester staple fiber enterprises still have certain inventory pressure. The spinning mills have relatively limited purchasing strength under their own high inventory background. In a word, short and short suppliers are still taking advantage of the situation, and the price is short of rebound power.

Formation of constraints on upstream weakness

PTA: entering the May, the main contract of PTA showed a downward trend, and the trend was weak. Under the influence of the continuous high level of PTA processing fee, the implementation of domestic PTA device maintenance was not as good as expected. In addition, the supply of PTA continued to increase as the early stage device resumed production and new devices were put into operation.

PTA will face short supply and multiple needs in the short term.

Ethylene glycol aspect: from the fundamental analysis, the supply pressure increases causes the glycol stock to be high, the price pressure falls, the industry profits comprehensively compression, thus causes the downstream production enthusiasm to decline.

At a low price, at the present stage, the paper delivery and futures contracts in the near future contract time window, the short supply of active replenishment makes ethylene glycol prices strong, but is expected to be short-term trend.

Downstream pure polyester yarn continues downward trend

The market price of pure polyester yarn continues to decline, the market is fatigued and inventories increase significantly. Although the prices in most regions still fall, the effect on orders and inventory is limited. The prices of upstream polyester raw materials are falling continuously. Most of the textile enterprises rely on just needed replenishment. The industry is pessimistic. The mainstream price of 32S pure polyester yarn in Jiangsu and Zhejiang is 12700 yuan / ton, and the mainstream price of 50S pure polyester yarn is 16900 yuan / ton.

To sum up: at the end of the week, some of the filament factories are producing and selling well, but the market prices of polyester staple fibers are still falling, and the downstream is still cautious.

Short term staple mills or still rely mainly on digestion and inventory, prices are temporarily difficult to reverse, and the factory still has a certain cash flow space, some high priced goods still offer preferential treatment.

(source: spinning City home, Grit Info, Ge Rui information)