Polyester Filament: "Silver Ten" Should Be Cool.

According to convention, annual Eight At the end of the month, the purchasing cycle of fabrics in winter has been opened. Nine Month to Ten In the month, the terminal demand increased, and the corresponding polyester filament production and sales showed a warming trend, and the price also went up. 9-10 The month is usually called "golden nine silver ten", but in recent years, the trend of the peak season is less obvious.

Fig. 12017-2019 comparison of mainstream prices of polyester filament yarn

Source: lung Chung

Nine Month polyester filament market presents inverted " V "Trend" POY150D/48F For example, Nine Monthly average price Seven thousand seven hundred and fifty-five element / Tons, down the chain 2.15% , down compared with the same period. 34.52% 。 At the end of the month, the market atmosphere of polyester market was deserted, and the pressure of enterprise inventory was on the rise. Most bullets and weaving enterprises also faced the dilemma of shrinking demand. In order to ease the pressure of supply, the government planned to reduce or avoid parking risks during the national day. Before the holiday, polyester enterprises hoped to ease the inventory pressure through the promotion of profits, but the two wave of sales promotion had little effect, and polyester production and marketing remained depressed, and the focus of the transaction continued to fall.

Figure 22019 polyester filament production and sales rate trend

Source: lung Chung

During the national day, polyester filament production and marketing were in a doldrums. It was reported that the market was basically in a vacuum for the first three days of the National Day holiday. After the half holiday, the market enquiry atmosphere was warming up. POY Stock increase 2-4 God, FDY Stock increase 5-6 God. After the festival, polyester enterprises opened the sales promotion mode, there was a certain demand for replenishment downstream, and the production and sales increased slightly in the day. 300%-400% 。 However, there is no good prospect, and the demand and support are lacking.

Fig. 32019 comparison of stock trend of polyester filament

Source: lung Chung

The corresponding drop in production and sales is the increase in inventories, as shown in the figure. Nine Since April, polyester stocks have continued to increase. Ten Stocks continue to accumulate in the month. POY More stocks 7-12 God, FDY More stocks 10-15 God, DTY More stocks 20-25 God. And the backlog of inventory will lead to a shortage of funds, and enterprises will be forced to offer incentives to return funds. The market is now in a vicious circle.

According to some people in the industry, the purchase order in winter is coming to an end. Orders in spring have been gradually opened, but stocks of polyester, weaving, and grey fabrics are on the high side, and there is a shortage of downstream funds. Ten It is expected that sales will continue in the market.