How Much Can A Ton Of Polyester Filament Earn? FDY Profit Is Only 200-400 Yuan / Ton.

Ever since the beginning of 2019, the polyester factories that once "machine rang, gold is two thousand" has never been returned.

In the textile market, the "filament printing machine", known as polyester filament, has experienced the same situation. Especially after the first quarter, the profit of polyester manufacturers is constantly being compressed. It is not too bad to describe it with "bad intentions". Compared with the same period last year, the profit gap is quite obvious. If the upstream polyester raw material PTA or MEG appears to rise sharply or the price of polyester filament products will drop, if not careful, it will drop to a loss situation.

"Suction king" FDY, the profit is only 200-400 yuan / ton

As a former "king of gold sucking", the overall profit level of FDY in the 1-4 month of this year is quite remarkable, and it is also in a relatively leading position in the various products. But since May, it has experienced a weakening profit situation, and even once fell into a loss predicament, the situation is not optimistic. In the near term, FDY manufacturers can basically maintain a small profit margin, and profit margins are hovering around 200-400 yuan / ton.

Turning losses into profits, POY profit gap significantly

As a product with higher productivity, POY has been in the mire of losses since the fourth quarter of last year. This decline spread to the first quarter of this year, and it was not until April when its price rebounded. In the past two months, although the price is still in the doldrums, POY has been able to maintain profitability, and its profit margins have been raised to the top of the products.

DTY profit is hard to say, and the pressure of the bomb factory is doubled.

In fact, the performance of DTY products is particularly unoptimistic this year, and the pressure of cash flow is obvious. From the calculation of China silk net data, we can see that this year, DTY products are basically lingering on the margins of losses, which means that most of the bomb manufacturers are suffering from the pressure of loss. In the near future, in the case of lower upstream cost, DTY product returns have been restored, but profit margins are still small.

In the first few months of this year, the performance of polyester filament market is not very satisfactory. It can be explained that the profit margins are all devoured by PTA. After all, the PTA profit in the polyester industry chain is absolutely "exclusive." However, with the PTA profit coming back in recent months, although the profits of polyester filament products have improved, the high profit situation is still hard to achieve.

One

Polyester filament price low operation

Is the product profitable? What is the profit margin? In addition to the cost factor, the most important thing is still its price. Since the beginning of this year, the price center of polyester filament products has been running at a low level, and it is difficult to make a breakthrough. In recent prices, it is also located at a low level in the year.

From the specific price point of view, as of September 10th, the mainstream price of FDY 150D concentrated in 8000 yuan / ton, compared with the same period last year, a sharp drop of nearly 4350 yuan / ton, or 35.22%. Similarly, the price of POY 150D dropped sharply to 7720 yuan / ton, or 36.98%. DTY 150D is also below the threshold of 10000 yuan. Now the price has dropped to 9200 yuan / ton, or nearly 32.35%.

Two

Polyester plant started high

Since the beginning of this year, the operation rate of polyester filament industry has always been maintained high, and the maintenance range of polyester factories is generally low, which means it is difficult to raise the price center from the supply side. According to statistics, now the melt direct spinning polyester filament start rate is concentrated in the vicinity of 88.60%, slicing polyester filament start rate around 59%-61% level, and in the short term basically no production reduction and overhaul. It is reported that the new polyester plant has been put into operation in the fourth quarter, or the load has been further increased.

Three

De stocking in polyester market is not obvious.

The last thing we have to mention is the high storage state of polyester factories. From the statistics of China's silk net, the overall stock market of polyester market is now up to 12-21 days. In terms of specific products, POY stocks are up to 4-8 days, FDY stocks are close to 11-16 days, while DTY stocks are about 19-24 days. Compared with the same period last year, polyester manufacturers generally have high inventory pressure.

This year, the overall stock market is not ideal. Although it is now in September, the demand for terminal orders has not improved significantly. In addition, the polyester industry is at a high level. Under the guidance of lack of demand, polyester manufacturers are still unable to make greater breakthroughs in inventory.

In the final analysis, the profitability of pet products depends on their prices and the impact of supply and demand. Finally, we still expect the order improvement and demand increase in the downstream market of "golden nine silver ten". We need to strengthen the procurement of raw materials, reduce inventory and increase production and sales, so as to increase profit margins driven by price.