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Can We Maintain The Market Of Direct Spun Polyester Staple After Quick Inventory?

2019/6/17 17:00:00 367

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From the Dragon Boat Festival to the present, the direct spinning polyester staple fiber enterprises have accelerated the inventory process, and some enterprises even have a tight supply situation. But at the same time, there are still large variables in the raw material market. The maintenance and reboot of the PTA device coexist, and the industry is deeply doubtful whether the PTA will continue to maintain a strong trend in the context of its poor processing. The author believes that, unlike the previous market, this short staple enterprise has gone smoothly in inventory, and the steady market has lasted for a longer time than before.

During the Dragon Boat Festival, oil prices rebounded, and PX also rose sharply under the tight support of short-term supply. At the same time, trade relations also eased. Some traders thought that the unilateral market downturn had lasted for two months, and the price of polyester varieties had dropped down. Some buyers began to make a lot of preparations. Polyester factories also took the opportunity to go stock. The polyester filament products were the first to bear the brunt. The polyester staple market buyers also began to concentrate their shipments on holidays and Monday. In a short period of two days, some factories sold and sold at a rate of 1000%. The inventory of the industry went smoothly, and some enterprises even began to supply tight. Under such circumstances, production enterprises gradually raised their quotations. However, since most buyers have been stocked up, resulting in overdraft in the market, the turnover of the goods after the rise is also very limited. The industry is not only beginning to wonder whether the market will remain as long as three days as in late May.

But unlike last market, in late May, the stock level of polyester staple fiber was generally around half a month, and the pressure was greater. Downstream yarn enterprises had higher inventory of finished products, and some local enterprises stopped working too much. But the demand side of the market was still not significantly boosted, but the factory went to inventory quickly, and the deficit situation was still not reversed, so although the market price was difficult to rise obviously, it was difficult to make a downward trend in the short term.

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Moreover, from the raw material point of view, the PTA device has been restarted and overhauled in the near future. In particular, the information inspection of the constant force 2 million 200 thousand ton PTA plant planned to overhaul 15 days and the Yisheng 2 million 200 thousand tons of equipment has been reduced to half of the operation, and the market will form a certain support in the short term. However, the polyester plant has gone smoothly in the inventory process. Some of the original planned maintenance operations have been postponed, and the comprehensive operation rate of the polyester industry is relatively high along with the successive restarting of the pre maintenance or production reduction devices. Moreover, the new installations of Tong Kun and new Feng Ming in July still have new commissioning expectations, so the steady increase in the demand for polyester will form a certain support for the PTA and MEG market.

For the polyester staple itself, although the demand side has a lot of negative emotions, the production enterprises themselves are losing money or even losing money. Under the background of low inventory prices, the market price has dropped or can not fall, so the fluctuation of the cost surface in the short term will become a key to the market changes. In the near future, there are still many uncertainties in the future because of outlying news or volatility. The geopolitical and OPEC reduction will have a big impact on oil prices, and the outcome of the trade negotiations and the convening of the G20 summit have also increased the uncertainty of market fluctuations. But on the whole, in the context of short-term cost increase and low inventory, the staple market of polyester staple fiber is relatively stable.