At The End Of The Year, Prices Of Supporting Ethylene Glycol Rose And Polyester Filament Prices Rose.

Following the red road last Monday, the glycol futures face rose again on the 17 day.

As of 17, 15, the MEG futures contract of the big business ended at 5071 yuan / ton, compared with the settlement price of the previous trading day, a significant increase of 224 yuan / ton, or up to 4.62%. The main 2005 contract ended at 4684 yuan / ton, compared with the settlement price of the previous trading day, or 1.5%.

In recent days, ethylene glycol market has been rushing upward, and it has been mixed up in polyester ring. In the final analysis, it is the support of tight supply and low inventory.

It is understood that due to weather reasons, the closure of the East China main port, coupled with the delay in the commissioning of the new plant and other factors, glycol supply postponed, spot supply became more and more intense, exacerbated by the continuous decline of port inventory.

As of December 16th, the total inventory of ethylene glycol in East China's main port was about 292 thousand and 500 tons, 31 thousand and 600 tons lower than 12 days, and 36 thousand and 500 tons lower than 9 days. Among them, 135 thousand tons in Zhangjiagang, 2 thousand and 100 tons lower than 12 days, 40 thousand tons in Ningbo, 35 thousand and 500 tons in Shanghai and Changshu, 11 thousand and 500 tons lower than 12 days, 38 thousand tons in Taicang, and 23 thousand tons lower than that on 12 days. It is not difficult to find that ethylene glycol inventory is not only a new low in the new year, but also a low inventory level for many years.

Here, Xiaobian is not linked to polyester filament, the upstream raw material ethylene glycol is rising like this, as the polyester filament Market of the downstream polyester main force, what is the latest situation?

In fact, since last week, the polyester filament market has opened up a rising channel.

12, a large factory in Tongxiang polyester price quotas rose 100-200 yuan / ton, a large factory in Jiangsu rose 100 yuan / ton, mainstream manufacturers polyester overall price increase of 50-200 yuan / ton.

On the 13 day, the price of polyester filament continued to rise. The POY price of a mainstream factory in Tongxiang increased by 50 yuan / ton, and the polyester DTY of a large factory in Jiangsu rose 100. POY rose 50-100 yuan / ton, and the overall price of polyester in mainstream factories increased by 50-100 yuan / ton.

16, a large factory in Zhejiang polyester price quoted 50-100 yuan / ton rose space, some manufacturers quoted price increase of 50-100 yuan / ton.

17, a large factory in Jiangsu has an increase of 50-100 yuan / ton, and some manufacturers offer a price increase of 50-100 yuan / ton.

In the good market situation of polyester filament, not only the price center of various products has been rising, but also the mainstream production and marketing of polyester has concentrated concentration from time to time, plus the increase in the strength of polyester factories near the end of the year, which greatly relieves the pressure of polyester manufacturers.

According to the statistics of China's silk net, as of December 17th, the overall stock market of polyester market dropped to 9-18 days, which is close to the same period last year. In terms of specific products, POY stocks were stored for 3-7 days, and FDY stocks were close to 7-12 days, while DTY stocks went to 15-20 days.

Of course, whether the price rises or falls, the polyester filament will be stronger this time, or will it benefit from the support of downstream demand.

First, the downstream market is stocking up or increasing before the year.

According to convention, near the end of the year, downstream weaving factories and bomb manufacturers will have certain raw material stocking requirements. This year, due to the fact that the textile market is not satisfactory and the shortage of funds and other factors, the volume of stock preparation in the downstream market is not large. But in recent years, as the price of polyester has risen, polyester stocks have been reduced and device maintenance has increased, the downstream market has played a role in buying up or not buying or lowering mentality, or increased demand for stocking years ago.

Two, market confidence has been boosted, traders may have speculative operations.

In recent days, the encouragement of good news has promoted market confidence to a certain extent, and has also increased the speculative attitude of some traders or downstream manufacturers. For raw materials traders, they took advantage of the opportunity to collect raw materials and sell them later in the year to earn the middle price difference. Although this year's weak textile market, traders purchase raw materials are also more cautious, but at the end of the year, the operation of hoarding raw materials will inevitably exist, in this wave is expected to pull up, more or less a certain amount of procurement action.

Anyway, we need to do our best. Downstream manufacturers or traders are expected to play an important role in purchasing raw materials according to their own needs and financial strength in the uncertain textile market next year.