The Downstream Needs Replenishment Only. The Polyester Filament Price Will Stop At The End Of October.

According to the price monitoring of the business community, the market price of polyester filament in China has dropped at the end of October, and the mainstream factories in Jiangsu and Zhejiang have been offering a stable price in the near future. As of October 28, the average market price of polyester POY (150D / 48F) was 7174 yuan / ton, down 29.68% year on year; the average market price of polyester DYT (150D / 48F low elastic) was 8895 yuan / ton, down 25.23% year on year; the average market price of polyester FDY (150D / 96F) was 7473 yuan / ton, down 27.39% year on year.

The price of raw material PTA spot market continued to decline. As of October 28th, the market average price was 4955 yuan / ton, down 31.33% compared with the same period last year. New production capacity is about to be put in, PTA's substantial increase in positions fell in shock, and futures set a new low again. On the 28th, the main futures of PTA significantly increased their positions and went down, until the closing of main futures (2001) closed at 4818 yuan / ton, down 114 yuan / ton, or 2.31% compared with the previous trading day. In the short term, even if there are multiple units in the supply side for maintenance and the starting load is reduced to around 84%, PTA is still expected to present a weak pattern due to the pessimistic expectation of the market on the future supply and demand of PTA.

The downstream terminal market is still at a low temperature. Although the textile enterprises have maintained normal operation, they are mainly processing orders, maintaining fixed customer sources. The raw materials needed for the new orders are also kept in line with purchase. At present, the comprehensive boot rate of Jiangsu and Zhejiang looms is maintained at around 78%, and the terminal market is cautious and wait-and-see.

Business analysts believe that the current cost side PTA is expected to be weak in the overall trend when new devices are put into operation. The downstream and terminal factories are expected to remain relatively cautious in the future and maintain the main demand for replenishment, so it is expected that the polyester filament will continue to stabilize the shipment in the short term.