Polyester Filament Preganglionic Mind Lax, Can The Market Be Strong After The Festival?

Affected by the weakening of raw materials and the production and sale of polyester filament, the polyester Market in the Dragon Boat Festival before the Dragon Boat Festival is still lax, and the turnover is uneven. In addition, the wait-and-see mentality of the downstream is obvious.

If the polyester filament will continue to be weak in the Dragon Boat Festival, will the polyester filament market be strong after the Dragon Boat Festival?

The collapse of PX can be said to be the precursor of the entire polyester industry chain. Then, the prices of raw materials in the upstream of PTA and MEG are also dropping. In late May, with the weakening of the buyback efforts of PTA suppliers, PTA spot experienced a cliff style fall, and PTA spot dropped sharply. Ethylene glycol also fell below the 4300 line.

As of the end of the Dragon Boat Festival, double raw materials are still weak. It is expected that the price of PTA will be weak in the short term and the concussion will be around 5350 yuan / ton, and the MEG interval will be between 4100-4300 yuan / ton.

Supply side continued stable

According to statistics, there will be 180 thousand tonnes of DW and 250 thousand tonnes of maintenance plan for next week, but 200 thousand tons of nylon, 100 thousand tonnes of Tong Kun and 200 thousand tons of longitude and latitude are also scheduled to resume operation next week. The supply of polyester filament is expected to increase, so it is expected that the polyester start will rebound slightly next week, but it will not exclude other factories from overhauling and reducing production plans. It is estimated that the average starting of polyester threads will be around 88.69% next week, up 1.24% compared to this week's ring ratio.

Demand side is still not feeling.

As of Thursday, the comprehensive loom rate of looms was 59.7% during the week, which was 2.7% lower than that of last week, with the overall starting rate of air-jet looms at 78%, which was 3% lower than that of last week. The average operating rate of jet looms was 69.3%, which was 2% lower than that of last week.

This week, the overall starting rate of loom looms dropped to a low level near 32%, down 3 percentage points from last week.

The industry's feedback on the demand for downstream garment enterprises has not shown signs of improvement in the short term. The sales promotion is not enough to achieve the expected inventory. Under the pressure of weaving enterprises, small businesses are forced to stop production or decline.

To sum up, under the influence of production and marketing downturn, the total stock of polyester market is now 14-22 days, and it is expected that the cost side will remain empty after two raw materials. The supply and demand side of the polyester market will continue to be repaired and restarted next week. The supply in the field will not change much this week. But at present, the downstream and terminal factories have a clear wait-and-see mentality, and the production and sales data of polyester products are light. Therefore, the price of polyester filament is still expected to decline in the later stage.

Next week, the price of regular variety POY150D/48F will drop to around 7200-7400 yuan / ton.