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    Demand Driven Polyester Filament Market Will Rebound In September.

    2019/9/2 10:39:00 0

    Polyester Filament Market


    According to the price monitoring of business associations, the market price of PET filament in this week showed a slight decline, of which polyester POY decreased more obviously. As of August 30th, the average price of polyester POY (150D/48F) market was 7746 yuan / ton, down 0.62% from the beginning of the week, down 36.78% from the beginning of the same period; the average price of polyester FDY (150D/96F) market was 7980 yuan / ton, which was 0.42% lower than the beginning of the week, down 33.67% from the same period last year; the average price of polyester DYT (150D/48F low elastic) market was 9162 yuan / ton, which was 0.12% lower than that of the beginning of the week, 31.32% year on year.

    Raw material market PTA this week stalemate shock, early week by the downstream demand improvement influence mentality eased somewhat, slightly rebounded. But the shock of crude oil fell and its device started to drag down, followed by a concussion. In August 30th, the average price of the market was 5187 yuan / ton, down 0.47% from the beginning of the week, down 44.13% from the same period last year. In terms of installations, recently, several sets of PTA devices have been restarted, and the load has risen to more than 94%.

    Near the end of the month, orders for the downstream weaving market increased significantly, and the comprehensive start-up rate of Jiangsu and Zhejiang looms was 78%. Orders, proofing and enquiry enthusiasm are better than the previous stage, especially for jet loom orders. But on the whole, replenishment at the end of the month lacks raw material and order support, and caution and wait-and-see sentiment still dominate.

    Judging from the textile industry, the textile index of the business community shows that the textile index in August 30th was 862 points, down 0.8% from 869 points in the beginning of the week, down 25.43% from the 1156 point (2018-09-03) of the cycle, which was 20.56% higher than that of the lowest point 715 of 2016 17. (Note: cycle 2011-12-01 to date) exports, according to the latest statistics of the General Administration of Customs of China, in July 2019, China's textile and clothing exports amounted to 27 billion 514 million US dollars, an increase of 11.64% compared to the same period, an increase of 2.09% over the same period last year. Among them, exports of textiles (including textile yarns, fabrics and articles) amounted to US $10 billion 767 million 300 thousand, an increase of 5.99% over the same period last year, and exports of garments (including garments and accessories) were US $16 billion 747 million, a decrease of 0.27% over the same period last year.

    Business analysts believe that the current loom start rate is rising, just to support the market, with the "golden nine silver ten" traditional peak season, the downstream terminal will purchase a lot of raw materials to prepare for autumn and winter orders, the demand side will be improved. However, the supply of raw materials PTA will be pressurized, and the 350 thousand tons of Yizheng Petrochemical Company at later stage, and 600 thousand tons of Jialong Petrochemical Company will be restarted in September. And this year's three quarter to fourth quarter of the new launch of the new installation of new Feng Ming 2 million 200 thousand tons / year and Hengli Petrochemical 4 phase 2 million 500 thousand tons / year PTA put into operation a lot of news, triggering market concerns about supply, or will suppress the market. On the whole, the demand for polyester filament market or the possibility of a slight rebound is still needed. At the same time, we need to pay attention to the changes of raw materials and export policies.

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