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    Overall Demand Is Still Weak, Polyester Filament Prices Fell Slightly.

    2020/2/26 10:51:00 2

    DemandPolyester Filament


    According to the price monitoring of the business community, the market price of polyester filament in the whole country showed a weak trend in the near future. Most of the mainstream factories in Jiangsu and Zhejiang provinces were reduced by 50-200 yuan / ton, of which polyester POY (150D/48F) reported 6750-7200 yuan / ton, polyester DTY (150D/48F low elastic) reported 8650-9050 yuan / ton, polyester FDY (150D/96F) reported 7300-7950 yuan / ton. At present, the factory basically takes the order or production to make inventory, and some new orders are basically old customers. The demand side is recovering slowly, and the market is cautious, waiting for the market to improve.

       In the past 10 days, the average price of polyester filament market has dropped.

    product 2020-2-15 2020-2-25 Ups and downs Year on year rise and fall
    Polyester POY (150D/48F) Seven thousand two hundred and fourteen Seven thousand and fifty-four -2.22% -16.30%
    Polyester FDY (150D/96F) Seven thousand seven hundred and six Seven thousand five hundred and ninety-eight -1.41% -18.12%
    Polyester DTY (150D/48F low elastic) Eight thousand nine hundred and forty-eight Eight thousand eight hundred and six -1.59% -14.50%

    The price of the upstream PTA market kept downward. As of February 25th, the price of the domestic PTA spot market was 4413 yuan / ton, down 3.33% from 15 days, down 32.25% from the same period last year. Up to now, PTA social circulation stock has exceeded 2 million tons, to 2 million 265 thousand tons, has reached nearly 4 years of high inventory. The main reason for the continuous increase in PTA inventory is the continued downtime of the downstream weaving Market. The PTA device coexists with the restart and load reduction. The current PTA operating rate is 81.48%, but the overall operating rate is still high. Next week, Jiangyin Hon bang and Hua Bin Petrochemical have a restart plan. Therefore, supply and demand imbalance, PTA inventory accumulation, the price formation is bad.

    Enterprise name
    Capacity (10000 tons / year)
    Recent device changes
    Shanghai petrochemical
    Forty
    Down to 6.
    Tianjin petrochemical
    Thirty-four
    Down to 7.
    Luoyang petrochemical
    Thirty-two point five
    Down to 5.
    Hengli petrochemical
    Two hundred and fifty
    In February 15th, 2 million 500 thousand tons of new plant load increased to 9.
    Fuhai creation
    Four hundred and fifty
    Load increased to 8 in February 15th.
    Jiangyin Han Bang
    Two hundred and twenty
    Device parking in February 14th

    In the current downstream textile market, Keqiao China Light Textile City site resumed fully in February 18th, and the Chinese Eastern Silk Market resumed its turnover rate on the first day of February 21st, exceeding 80%. Most textile enterprises in Zhejiang and Jiangsu resumed work after 17 to 21 days in February, and the printing and dyeing enterprises in Jiangsu generally resumed around March. On the whole, the resumption of enterprises is advancing in an orderly way. At present, large and medium-sized textile enterprises have a positive desire to return to work, and the rate of return to work is relatively high. Small businesses are slow to return to work, and the risk of operation is increasing due to tight cash flow, shortage of epidemic protection supplies and huge employment pressure. At the same time, due to insufficient staffing, logistics restrictions, and scale sales have not yet started, so we should be cautious about raw material procurement, and the overall demand strength is still weak.

    Xia Ting, a business analyst, believes that the mainstream PTA market is focused on overhauling and reducing load to ease inventory pressure. However, the problem of high inventory is still outstanding, which restricts price formation. At the same time, the downstream textile enterprises resumed production and increased production, but the overall market recovery was slow, and the epidemic had a certain impact on both short-term and internal demand. Therefore, polyester filament will maintain a weak trend in the short term, but as the pace of terminal resumption accelerates, the demand for downstream orders will be restored and demand will be improved, and prices will rebound.

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