Polyester Filament Market In September Rose First And Then Fell Flat.

According to the price monitoring of the business community, the domestic polyester filament Market in September rose first and then fell, and the polyester FDY decreased significantly. As of September 29th, the average price of polyester FDY (150D/96F) market was 7865 yuan / ton, down 1.44% from the beginning of the month, down 35.56% from the beginning of the same month. The average price of polyester POY (150D/48F) rose to 7706 yuan / ton, down 0.52% from the beginning of the month, down 37.11% compared with the same period last year. The average price of the polyester DYT (150D/48F low elastic) market was 9320 yuan / ton, up 1.72% from the beginning of the month, which was 30.14% lower than that of the first month. Polyester prices rebounded slightly at the beginning of the month, with the support of raw materials market and the demand side improvement. But with the weakening of costs, the purchase of downstream is prudent, and prices begin to fall in the beginning of next decade.

The market price volatility of raw materials PTA fluctuated, but compared with the slowdown in August, the average price of the domestic PTA spot market ended 5130 yuan / ton in September 29th, down 1.11% from the beginning of the year, down 35.59% from the same month. In early June, Hengli Petrochemical announced its 2 million 200 thousand tonnes September maintenance plan to boost market sentiment to a certain extent, and PTA rebounded slightly. However, due to the planned overhaul device has not yet been implemented, as well as market concerns about the supply side erupted, prices fell. During the Mid Autumn Festival, the oil field was attacked by Saudi oil fields, which led to the market's supply worries for crude oil. Under this impetus, domestic chemical sector rose and climbed, but then the cost of supporting crude oil was weakened due to the fact that Saudi Arabia's crude oil production rate was much higher than expected. Fortunately, the domestic plant maintenance plan increased, supporting PTA price to a certain extent. However, due to the full supply of goods in the PTA spot market, traders' willingness to ship before shipment is strengthened.

Recent PTA device changes

With the advance of the Spring Festival holiday this year, the "double eleven" and the traditional autumn and winter clothing material orders have basically been released. After entering the September, the overall volume of weaving enterprises in Jiangsu and Zhejiang provinces has improved relative to that in August. Along with the National Day holiday, the downtime vacation plan is put on the agenda. At the same time, the inventory of raw materials is relatively adequate, and the loom starts to decline continuously, and the comprehensive starting rate of Jiangsu and Zhejiang looms is reduced to around 78%. In addition, facing the price fluctuation of the raw material market, the terminal needs to receive goods in a multidimensional way. In addition, the fourth quarter is approaching the end of the year, and the ending is mainly based on consolidation. The purchasing mood is not high, and the demand follow-up is not optimistic.

Judging from the textile industry, according to the textile index of business associations, the trend of first rise and fall in September showed that the textile index was 876 points in September 29th, up 15 points from 861 in the beginning of the month, a 24.22% decrease from the highest point in the cycle (2018-09-03), which rose by 22.52% points compared with the lowest point in 2016, 17 on 2016. (Note: cycle 2011-12-01 to date)

In terms of textile exports, according to the latest statistics of the General Administration of Customs of China, in August 2019, the export volume of textiles and clothing was 25 billion 714 million US dollars, a decrease of 6.54% compared to the same period, a decrease of 4.95% over the same period last year. Among them, exports of textiles (including textiles, yarns, fabrics and articles) amounted to $10 billion 14 million 700 thousand, a decrease of 2.61% compared to the same period last year, and exports of clothing (including clothing and accessories) were 15 billion 698 million 900 thousand US dollars, down 6.38% from the same period last year.

Xia Ting, a business analyst, believes that the traditional "peak" traditional peak season can be seen as a dull ending. It will usher in the National Day holiday in October, and the market trading climate is expected to fade. Raw materials international oil prices continue to decline in Saudi Arabia's early repair capacity impact, PTA due to the current market liquidity supply, device maintenance and restart co-exist, coupled with the new production capacity is expected to approach, PTA weakness is more likely, during the period does not rule out the short-term benefits due to device maintenance. In the downstream terminal market, the problems of high inventory, low profit and receivables are still outstanding. On the whole, it is expected that the market of polyester filament will continue to weaken in October.