Polyester FDY Fell 10% In July. Will Polyester Market Turn Higher With The High Temperature In August?

The hard July ended. Looking back at the whole July, the polyester industry chain seems to have entered the cold season ahead of schedule.

Since July, the polyester raw material PTA has been on a downward trend. There are fundamental reasons for this. There are some reasons for over speculation, and there are also some reasons for the funding. By the end of July 29th, the PTA main 1909 contract had dropped to 5272 points, down 1340 points from 6612 at the beginning of the month.

The decline in polyester raw materials and the hot season in the 7 to August are the traditional off-season of weaving. Under the support of insufficient supply and demand, the price of Dacron factory in July is obvious. According to monitoring, polyester FDY fell significantly, compared with the beginning of the month, a decrease of 10.56%.

Under the influence of many factors, "PTA flew straight down three thousand feet", and the polyester market continued its early cold. Then, will the market rebound after entering August?

Production and marketing are flourishing and raw materials are stabilized. The market has given me a glimmer of hope recently.

After being silent for nearly a month, the production and sale of polyester filament has been booming since 29, and the market of polyester filament Market in Jiangsu and Zhejiang has been keeping good for the next three days.

At the same time, polyester factory quotations also have an increase of 100 yuan / ton. At the same time, the polyester raw material market also came out positive. It is reported that a big factory intends to overhaul the No. 1 2 million 200 thousand ton PTA production line in August. In addition, there are some changes in the maintenance of the plant. The maintenance of the PTA device also alleviates the downward trend of PTA to a certain extent.

From the 29 day, PTA night market rebounded, the rally continued to 31 days, ushered in a long rising trend; as of 31, the main 1909 contract ended closed at 5408 yuan / ton, or 1.01%.

Xiaobian believes that the market will usher in a rebound, partly due to the upstream polyester raw material surface rebound and the good news on the macro side, and more is a gradual improvement in the downstream market demand, which boosted the overall confidence of the polyester industry chain.

According to market understanding, from the perspective of printing and dyeing, as the downstream market of the textile industry, the prosperity of printing and dyeing industry represents the amount of market orders. From the printing and dyeing Market in Jiangsu and Zhejiang provinces, we know that since last week, orders for printing and dyeing factories have increased slightly, but far from the normal level of previous years, the delivery date is still relatively fast.

Xiao Chen, a salesman in Wujiang, said: "although the high temperature affects the production capacity, it usually takes about 3 days before the shipment. Recently, it has to be around 5 days. Recently, the list of dyed factories that I often do starts more. I heard that a large printing factory has received a 2 million meter list, and many of them can not get out.

In addition, in the late July, the number of individual chromaticity increased to a certain extent. It is reported that there is a slight increase in the number of dyed dyes compared to the end of June and the beginning of July, and the starting rate of dye vats has increased from 7 to 8 per cent, and the delivery period has been prolonged.

On the other hand, entering the July, driven by the soaring raw materials, the sales volume of the fabric market has been driven more or less. Chen, a trade minister in Shaoxing, said that the order was better in July this year than in June, but compared with the same period last year, it was still more obvious. "The recent proofing is better than before, and I hope the market will continue in August."

He said. According to some cloth boss in Shengze area, the proofing and sample finding began to increase in the recent stage, and some orders were also issued. Although the market has not improved substantially, individual products are showing signs of improvement, especially four rounds, high elastic fabrics and imitation memory. "Although the list is not many recently, there are more and more proofing people. Hopefully, they will be converted into orders." Traders General Wu said.

It can be seen that the downstream market market improved from last month, which led to the rebound rhythm of polyester market.

Next, will the blockage of the industrial chain "sewer" be opened?

This year, we have always said that the high storage of grey fabric directly blocked the circulation of the upstream and downstream industries, and the order flow rate was very slow. But at present, the inventory of industry is slowly declining, and the delivery of polyester factories has been favorable. Does this mean that the "sewer" of the industrial chain has been quickly opened up?

Judging from the current situation of polyester, the price has been rising for three consecutive days, and in the process of price rising, production and sales have come up, and the average profit has been restored to 162 yuan / ton. On the whole, polyester has improved (profit repair, inventory), and it can be seen from the data that the rise of polyester prices can indeed continue to travel downward.

But Xiao Bian feels that the market still lacks the guidance of orders in the terminal market. According to investigation and research, Xiaoshao, Shengze, Changxin, Changshu and other textile industrial cluster factories are more frequent because of the high temperature limit production, and the market opening rate is down more obviously.

According to statistics, in the past month, the load of water jet looms has dropped from 8-9 to 7-8, and warp knitting load has dropped from 7 to 5-6, and the starting rate of circular knitting machines has decreased from 5-6 to 4-5.

Since last week, the continuous high temperature in the country has suppressed the enthusiasm of the workers, and many workers have asked for a holiday because of the poor production environment, which made the inventory of the gray cloth that was originally high.

But at the same time, "hot" grey cloth inventory still exists in large areas, mainly because of low inventory and short supply, which exploded the market, which is good for any part of textile upstream and downstream. But now the high inventory status of grey fabric has become the key factor to choke off the improvement of the market. When the industry inventory is huge, it will take time to digest the market.

All in all, the continuous improvement of polyester market is not strong enough, it also needs upstream and downstream cooperation and later orders to verify.

However, with the formal implementation of the large-scale reduction of production in the mainstream manufacturers of polyester, the recent rise in pet factory quotations has a certain boost to market improvement. From the perspective of the recent polyester raw material form, PTA has just dropped out of the pit after being plunged, but now it has fallen back to 5300 place to get support. This position is of great significance. That is the bottom of the platform box, and the 5300 trading day has been running for 6 trading days. Polyester market may be gathering energy at the later stage, waiting for another outbreak. (source: business, polyester Jincheng Road, cloth factory)