PTA Market Ups And Downs, Polyester Filament Profit Margins Continue To Shrink

On the 22 day, PTA futures face again "flashed", opened in just ten minutes, played a wave of roller coaster market, the main 1909 contract opened a rush, then a sharp drop! Originally thought that PTA after the disk continued weak operation, but after noon, the main contract was again pressed "sink", a straight line down. As of 22 days, the main 1909 contract closed at 5596 yuan / ton limit, compared with the settlement price of the previous trading day, a sharp decrease of 296 yuan / ton, or 5.02%.

Since the recent stage, PTA has been so capricious "do not take the unusual road", especially the futures market, limit, limit, rush, fall... Ups and downs, affecting the hearts of countless textile people.

Of course, the PTA market is booming. There are many elements such as gold and hype. But from a fundamental point of view, the operation of PTA ups and downs is really a bit shameless. I have to sigh with emotion. Where is the courage of PTA, and the downstream polyester manufacturers and weaving factories are in deep water?

First, PTA futures trading, limit down, polyester filament suffer deeply!

In the polyester industry chain, the PTA market is rising and falling. The most influential one is the downstream polyester market, especially the polyester filament manufacturer. Early in the second half of June, the PTA futures market surged forward. The price of the main 1909 contract rose continuously, and the price of the 3.89% contract, 4.11%, 5.02% and 2.79% increased. The polyester filament market showed a steady rise in the market, and the price of the main manufacturers increased.

However, in July, with the sudden change of style, especially under the influence of PTA's limit, some pet manufacturers had more price reduction operations, and the mainstream manufacturers in the middle polyester filament market declined further. It can be seen from the specific price that although the prices of polyester filament products rose slightly during the month, the decline was even more evident than the same period.

For example, the price of DTY 150D in the same period last year was 10950 yuan / ton. Recently, the price has fallen below 10 million yuan, a sharp decrease of 1400 yuan / ton to 9550 yuan / ton, or 12.8%.

The FDY 150D market quotation also dropped to 8450 yuan / ton, a sharp decline of nearly 1300 yuan / ton, down by 13.3%.

Two, PTA occupied the "profit point", polyester filament fell into a loss dilemma.

What I have to mention here is that PTA has seized the "profit point" of the polyester industry chain and engulfed the profits of the upstream and downstream markets. Although the price of PTA has been on the decline recently, its high profit status has not been shaken, and the profit is more than 1000 yuan. Up to now, the PTA profit estimate is as high as 1400 yuan / ton, compared with the same period, the increase is 1287 yuan / ton, and the increase is self-evident.

PTA is so strong that the polyester filament market has also been attacked and the profit space has been deprived again. From the recent data, the profit margins of polyester manufacturers have further shrunk, and some products have fallen into a loss predicament.

For example, the current FDY 150D has lost nearly 84 yuan / ton, compared with the same period last month dropped by nearly 338 yuan / ton, down 850 yuan / ton, or nearly 110%.

In addition, DTY150D fell even more, compared with last month, the loss widened to 284 yuan / ton, compared with the same period last year, it dropped by nearly 1100 yuan / ton.

While the POY product maintains a small profit margin, its profit has dropped to 35 yuan / ton, which has shrunk significantly in the past year.