Polyester Market Will Be Re Fermented In June.

During the Dragon Boat Festival, the polyester raw materials market is coming to a small climax.

NYMEX crude oil futures rose 2.76%, to 54.04 U.S. dollars / barrel, up 1.01% weekly.

Cloth oil rose 2.55%, reported 63.24 U.S. dollars / barrel, week rose 2.02%, both ended two consecutive weeks of decline.

Meanwhile, on the day of Dragon Boat Festival in June 7th, the offshore RMB exchange rate against the US dollar fell sharply.

On the same day, it fell below the 6.93 and 6.94 gates and expanded in the afternoon, and then dropped below 6.95 and 6.96 points. The biggest drop in the day was nearly 400 basis points, the lowest since November last year.

In recent months, the continuous decline of PX market, which has been used as the vane of polyester market, has dragged down the whole polyester industry chain.

With the recent high crude oil prices and the sharp decline in the RMB exchange rate, the PX price ended nearly two months down, surging 45.67 US dollars / ton, or over 5%.

On the 10 day, with the PX skyrocketing, PTA futures rose vigorously. Of them, 1909 of the contracts rose rapidly to the daily limit at noon, and finally closed at 5320 points, up 182 points from the previous trading day, or 3.54%.

On the same day, ethylene glycol also joined the price rise. Under the catalysis of the rising market, ethylene glycol closed at 4387 points, rising 42 yuan per ton, or 0.97%.

At present, the weaving factories that keep raw materials inventory low are also unable to bear the price of raw materials in the Dragon Boat Festival. Many weaving factories have entered the market to buy goods.

According to statistics, 9 days, Jiangsu and Zhejiang polyester filament production and sales overall rebounded significantly, an average estimate of over 200%, higher manufacturers 600% in production and marketing.

On the 10 day, the production and sales of polyester and silk products in Jiangsu and Zhejiang are still good. The average production and sales in the market are estimated to be slightly above 220%, while the higher production and sales are 2000%.

The raw material inventory of the weaving plant is controllable, and the purchasing power depends on the rising degree of polyester raw materials.

This round of production and marketing once again opened, weaving mill raw material inventory is still relatively low is the key.

Polyester filament has opened up a downward path since April, to a large extent, that the downstream weaving factories are not enthusiastic about stocking their raw materials, and have been purchasing on demand, resulting in whether the raw materials are up or down, and most downstream products are purchased according to their own production and there is no stockpiling plan.

According to convention, the general weaving mills will store half a month to 1 months' raw material inventory for turnover, thus locking down the cost of orders, but this year the market is quite special.

At present, the order performance of the entire textile market is not as good as expected, and the pressure of conventional chemical fiber fabrics is beginning to appear in the market.

The production and sale of tau Fu and yaxun spinning as the leading market are difficult to make, and the stock market is rising. As a result, the weaving factories are more cautious about raw material operation, and the raw materials have been in a state of falling down. Driven by the mentality of buying or selling, the weaving factories often meet the needs of raw materials or consume raw materials, which leads to the relatively low inventory of raw materials.

From the tracking sample enterprises, we can see that although there is a rotation library at the beginning of the month, the raw material inventory of weaving factories is still relatively low.

It is also based on this that the price of raw materials is expected to rise in a short period of time, so we will choose more or less the goods. Therefore, the purchasing power of weaving factories depends on the rising degree of polyester raw materials to a certain extent.

"Warm boiled frog" market, the market urgently needs some external stimulation to break this deadlock.

From the point of view of weaving, on the one hand, the inventory pressure is relatively large. According to the monitoring data, the weaving inventory in Shengze is about 42 days, which is 19 days higher than that in the same period last year.

At the same time, orders, the domestic and foreign trade market weakened, textile enterprises received a single response, at present, the market trading atmosphere in general, many textile boss said orders received in mid June, there is no new single sign.

For manufacturers who only make market goods, they are not satisfied with the poor products, low price competition and shrinking profits.

Going out of stock and keeping production is the first condition for weaving enterprises to consider.

Although the market situation is not optimistic, some textile bosses expressed different views.

"In fact, raw material recovery is not a bad thing. At least, the price of grey cloth will not drop. Some customers who wait will take the opportunity to bring cloth, which can bring the atmosphere of the whole market in a short time."

A weaving boss in Wujiang said.

Indeed, for the current "warm boiled frog" market, some external stimulation may be needed to break this deadlock.

And observe the polyester factory production and marketing cycle in the near future, in the terminal downstream relatively weak situation, raw material rising resistance is relatively large, but some industry also said, originally based on the PX terminal difference continued to fall, leading to the market expectations for raw materials in the future market is bigger. At present, as the crude oil terminal continues to rise, in the market after PX stops, the trend of polyester market wind vane has been pferred to polyester raw material end, this situation is changing.

It can be imagined that with the arrival of the traditional off-season in the downstream market and the resumption of polyester chain at the later stage and the unsmooth end of polyester raw materials, the market of polyester market will be fermented again in June.

Grasp the rhythm, stage opportunities belong to you!