Polyester Filament Prices Close To The Low Point Of The Year, The Latter Trend Or Still Shocks.

In the absence of relative good fundamentals, the recent decline in polyester filament prices has been close to the lowest point in the year. At present, there is no obvious improvement in downstream and terminal weaving orders, and market participants lack certain confidence in the market outlook. But after a continuous decline in PTA, there is a certain rebound.

At the same time, some polyester factories do not have enough inventory pressure, so it is expected that polyester filament will show the trend of concussion finishing in the near future.

The cost side has slowed down.

In terms of PTA, the main suppliers of the former main factories are tight, and they have stopped shipping, and the load of the polyester terminal devices has been increased, or the demand side has rebounded. On the whole, supply is decreasing and demand is increasing. There is a slight rebound in the price of the subsequent PTA market.

In terms of ethylene glycol, next week is expected to reach 114 thousand and 700 tons in port, slow demand for polyester in the lower reaches, and limited supply. The supply and demand gap is expected to be -7.63 million tons. So we expect that ethylene glycol in the short term or shock finishing. On the whole, the downward trend of the cost side has slowed down after a continuous decline.

Supply or small increase

This week, the production and sale of polyester filament market are different: 8 days, polyester production and marketing has been around 200% of production and marketing, but the season is not long. The mainstream factory production and marketing immediately dropped to 60-70% nearby, while polyester market stock slightly increased to 14-23 days.

On the supply side, Hua Bin's 700 thousand ton plant has entered the inspection and maintenance. In addition, Hengli 2 million 200 thousand tons were expected to be maintained in August. At the same time, the operation of the downstream polyester with the Tiansheng and Chenggao plant also increased the supply.

Downstream confidence is still missing.

As of August 8th, the national loom integrated rate of 50.9% this week, the boot rate increased by 0.3%. Since the beginning of this year, industry profits have been concentrated in the PTA field. Textile enterprises have little profit and low enthusiasm for production, and during the high temperature period, some factories have begun to relax for relieving pressure. In general, the confidence in downstream is relatively absent.

In addition, typhoon "Li Qi Ma" has entered, and ports such as Ningbo, Shanghai and Lianyungang may be closed, to a certain extent, or help to increase the price of PX, but the impact on polyester is relatively limited.

What is the trend of polyester filament this week?

Forecast this week, polyester production reduction or decline, coupled with the new device put into operation plan, superimposed on this PTA spot supply has tightened expectations, so PTA is expected to rebound slightly this week. And supply and demand side, the supply side, this week polyester yard memory recovery situation, coupled with the new device plan to put into operation, the supply increased slightly compared with last week.

However, at present, there has been no substantial improvement in the terminal orders. After a modest increase in the downstream position, demand has dropped rapidly, and the production and sale of polyester has not been sustained. Therefore, this week is expected to show a narrow trend of polyester filament or this week, the price of conventional varieties POY 150D/48F will fluctuate near 7500-7800 yuan / ton this week, focusing on the trend of raw materials in the later stage and the terminal weaving order. (source: Guo Ye net, long Zhong information)