Polyester Filament Stock Return Reasonable, Overall Price Is Not Weak.

Since June 18th, the southern part of Huaihe, Jiangsu, has been in the south from north to south.

For polyester filament, it is a long drought with manna.

In a short span of one month, the polyester filament market has experienced three "high production and marketing" quotas, and the interval time has shortened. Of course, the price center of gravity did not show a large increase, but it also rose slowly in the small break.

1. External loom capacity expansion, weaving market demand increased

This year, the textile market is too dull because of the wife, which has created some negative emotions. But economic development is bound to be cyclical. Looking back in the first half of 2018, the market is also weaker than that in 2017. The textile market in the first half of this year is also in a relatively stable state. The difference is that compared with last year, the off-season has been advancing for nearly a month. The premature arrival of the off-season made the market chaotic.

After a thorough understanding of textile enterprises, we can see that the market is not as pessimistic as it is said in the rumor. Of course, the weakness of the market is indeed a fact. In the final analysis, the biggest negative factor in the weaving market this year is that the concentrated outbreak of inland production capacity instantly split up the "cake" which originally belonged to Jiangsu, Zhejiang and Shanghai. However, for polyester manufacturers, the market demand was increased to a greater extent. From the point of view of start-up rate, at present, the market opening rate of Jiangsu and Zhejiang is maintained at around 7-9, which has also been a normal level over the years.

Two, increase the number of additional missile equipment and increase the enthusiasm for purchasing POY.

In these third wave height production and sales, mainly POY manufacturers sell well driven. For POY, apart from some textile manufacturers' own procurement needs, most of the demand comes from the bomb manufacturers.

We know that in the past two years, most of the weaving capacity of Jiangsu and Zhejiang provinces due to environmental factors has been spanferred to Anhui, Hubei, Hunan, Jiangxi and other regions. chemical fiber In the past two years, looms in these areas have been developing rapidly, weaving capacity has been leaping growth. With the passage of time, the inland textile industry chain has gradually improved, and the corresponding facilities such as bombs have gradually formed a scale.

In addition, downstream factories in the upstream polyester factories are supporting the addition of elastic machines in the market of supporting machines, Haining warp knitting and Changxin water spraying. All of these have increased the demand for POY market to a large extent.

Three, inventory return to a reasonable position, polyester manufacturers price increase.

After this month, several rounds of high production and sales of good stimulation, polyester factories in the early stage of high storage pressure has been greatly alleviated, now the stock market level is almost the lowest stock level since the Spring Festival.

From the statistics of China silk net, the overall stock of polyester market is reduced to 11-20 days. In terms of specific products, POY stocks are concentrated in 4-8 days, and FDY stocks are close to 10-15 days, while DTY stocks are about 18-24 days. Recently, polyester stocks have returned to a low level, coupled with consideration of their own profitability factors, polyester manufacturers will soon increase their intentions.

Four, upstream raw material strong attack, cost side to boost power

Not long ago, raw material PX rose, and the market of polyester raw materials PTA followed. The cost of the polyester filament market formed a strong boost. Last week, with the PTA supply terminal maintenance focused on the relay, it also led to the PTA speculation, and again to the polyester market to generate assists.

Since the recent stage, under the maintenance of equipment and the promotion of favorable conditions, PTA futures A number of spanactions continued on a daily basis, and the atmosphere of the market was quite active. As of 18 days, the 1909 contract of the PTA futures market of Zheng Shang was closed at 53416 yuan / ton, compared with the settlement price of the previous trading day, a sharp rise of 130 yuan / ton, or 2.46%. Stimulated by the favorable futures market, the PTA spot market activity has also been raised, and the price has been greatly increased.

Although according to the cycle theory or other factors to infer, polyester manufacturers high yield sales continuity is not strong, may encounter "node"! However, with the support of various factors, it is expected that the market of polyester filament will continue to maintain in a comfortable and comfortable area. It should be a big probability event. The overall resilience is not weak. Whether the specific price can further enhance the rising space is still uncertain.