Market Demand Light Polyester Filament Market Steady And Weak

According to the price monitoring of business associations, the domestic market prices of polyester filament in general this week showed a steady trend of weakness. Currently, as the downstream textile market as a whole is in a "rest" state, most mainstream factories in Jiangsu and Zhejiang are offering to maintain prices before the Spring Festival, and individual specifications have been slightly reduced, of which polyester POY (150D/48F) reported 7100-7300 yuan / ton, polyester DTY (150D/48F low elastic) reported 8600-9050 yuan / ton, polyester FDY (150D/96F) reported 7600-7950 yuan / ton.

　　 In the past 7 days, the average price of polyester filament market has dropped.

The cost side support collapsed as oil prices plunged outside the holiday market and worries about the market. Raw materials PTA on Monday, the first trading day after the Spring Festival, the domestic market opened lower, the main contract was down, closing price was 4470 yuan / ton, compared with the previous trading day fell 338 yuan / ton, or 7.03%. The spot market fell, and the average market price in February 7th ended at 4660 yuan / ton, down 4.62% from the week, down 29.21% from the same period last year. Before the festival, the new capacity was put into operation, and the operating rate remained relatively high. During the Spring Festival, the storage was obvious, and the social inventory increased by nearly 30% compared with the pre holiday period. In addition, the current delay of downstream reemployment, coupled with the limited logistics, the weak demand side, and the increased inventory pressure, the contradiction between supply and demand will become more prominent.

The terminal textile and garment industry is a labor-intensive industry. Before the Spring Festival holiday, the downstream textile industry has greatly reduced the operating rate, and the operating rate of Jiangsu and Zhejiang Loom factory has dropped to below 8%. At present, the date of textile workers' rework is being postponed all over the place. At the same time, as part of the textile industry, automobile transportation in some factories in Shandong, Jiangsu and Zhejiang has been affected, and the consumption demand of terminal textile and weaving has been suppressed for a short time, and the loom operation rate has been increasing at a slower rate or slower than in previous years.

In terms of textile exports, the international environment facing the development of China's textile industry in 2019 was more and more complicated, especially since Sino US trade friction. In 2019 1-12, the total export volume of textiles and clothing in China was 271 billion 836 million 200 thousand US dollars, down 1.89% from the same period last year. The total export volume of textiles was 120 billion 269 million 200 thousand US dollars, up 0.91% over the same period last year. The total export volume of garments was 151 billion 567 million US dollars, down 4.01% from the same period last year. Under the current situation, the export orders for domestic trade will certainly be affected and will face more tests.

Xia Ting, a business analyst, believes that PTA has a lot of pressure to store the Treasury, but the price of crude oil rebounded in the middle of the week and the cost of PTA is rising. Terminal textile is delayed to resume work, logistics is not smooth, orders are less, demand temporarily stagnate, market has no market price, maintain cold state. It is expected that the short-term market of polyester filament will remain stable. Attention should be paid to the progress of factory resumption and downstream orders.