The Polyester Market Is Booming In China And The United States.

In the face of continuously rising polyester raw materials, downstream weaving enterprises have been unable to sit still. Yesterday, the members of the relevant business associations issued a notice of cloth price rise to ease the cost pressure brought by the rising raw materials, as follows:

Since last Wednesday, the market has come to the news that China and the United States are willing to resume trade negotiations between the two countries. The polyester market has come to a climax. The main futures of PTA have risen sharply, and the downstream buying and rising sentiment has begun to make up the stock. The production and sales volume of polyester factories, especially the production and sales of POY factories is better. Some of the second factory quotations on the Wednesday afternoon have been increased or reduced by 50-100.

After this wave of production and sales volume, the overall decline of polyester stocks was obvious. Some second tier POY/FDY factories oversold seriously, mostly in the vicinity of 7-10 days, and the rest of the factory's overall inventory was also relatively low. Supported by this support, and the Sino US trade has come to a substantial good, the weekend factory prices continue to rise.

It is understood that the influence of polyester market demand downstream fabric market has also been improved, at present the price of gray cloth is at a low level, traders are ready to move.

Polyester production and marketing to good, polyester filament prices rose slightly, the most direct impact is gray fabric prices began to stabilize.

Constrained by the cost push of the polyester Market under the favorable trade between China and the United States, some traders have begun to stir up trouble. Recently, a lot of grey cloth traders are ready to start hoarding goods, and their handwriting is not small, and some transactions even exceed one million meters.

In the off-season, such a wave of raw material prices will rise, so that downstream enterprises can find the opportunity of low price shipment. Due to the low price of the early grey cloth and the high inventory of finished products in the weaving factory, the trade side's low purchase intention and the shipment intention of the manufacturers are all strong. Therefore, the majority of the general market sales of the whole market began to pick up, and the market orders increased earlier. With the upstream raw materials rising over a thousand yuan in the short term, the expected price of raw materials is weakening, and the driving force of the market has gradually returned from the weaving end to the upstream raw material end.

More than a month ago, this kind of market has appeared many times, each time is the same start, the same end, raw material greatly pulled up, buy up mood, downstream passive storage, polyester production and sales volume, polyester factory inventory decline, and then polyester is supported, the price is rising, but after the lower reaches of the warehouse demand down, polyester prices will be flat.

This wave of rising prices, the mainstream price of polyester filament POY 150D/48F price rose from 7500 yuan / ton's two-year low to 8450 yuan / ton, a month's increase of more than 1000 yuan / ton, and the stock has also dropped sharply. The mainstream inventory level of the three major varieties has dropped to 18 days, 25 days and 32 days in late May, and has dropped to 1 days, 4 days, 12 days.