Contradiction Between Supply And Demand Still Highlights The Risk Of Falling Polyester Filament Prices.

According to the price monitoring of business associations, the domestic polyester filament Market in November is still in the downstream channel, and hit a new low in November on the 12 day. Then bottoming out, of which polyester FDY rose significantly, as of November 26th polyester FDY (150D/96F) market average price of 7206 yuan / ton, compared to 12 compared to 1.89%, down 22.45%.

Due to the narrowing of polyester filament profits, some losses caused factories to have a strong mentality. At present, the mainstream factories in Jiangsu and Zhejiang are quoted in the price of polyester POY150D/48F at 6950-7250 yuan / ton, the price of polyester DTY150D/48F is 8500-8750 yuan / ton, and the price of polyester FDY150D/96F is 6950-7250 yuan / ton.

Raw material PTA market continued to buy back spot support price because of suppliers, and downstream polyester production and sales stage warming, the impact rebounded in November 12th, as of November 25th, the market average price in 4868 yuan / ton, compared with 12 days rose 2.34%. PTA supply side short stop phenomenon increased, the current operating rate increased to 92% near. Ya Dong petrochemical and Jiaxing Petrochemical have expected to restart. Hainan Yisheng 2 million tons / year PTA device has been gradually warming up, and another 1 million 100 thousand tons of Dushan energy line is planned to go into operation.

From the downstream point of view, the volume of procurement is difficult to concentrate on the release, still dominated by demand procurement. As far as possible, manufacturers should reduce raw material inventory and take care of goods. At present, most of the weaving enterprises' overall orders are dominated by "small batch and multiple batches". Most of them remain stable, and the comprehensive boot rate of Jiangsu and Zhejiang looms currently stands at around 74%.

Xia Ting, a business analyst, believes that the turnover of polyester filament is lower than that of the previous month, but it is relatively acceptable. The mainstream factory quotes are steady, and some of them are small. However, with regard to raw material PTA, support will gradually weaken as the device is restarted and new capacity is expected to be put into operation. At the same time, domestic and foreign textile terminal demand pressure is not reduced, supply and demand contradiction is still prominent. In the short term, the market for polyester filament is weaker.