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    Polyester Factory Suffers From Inventory Embarrassment. Risk Of Price Increase

    2020/3/2 11:44:00 0

    Polyester Price

    Since the middle of 2, polyester factories have been opened one after another. At present, only a small number of enterprises have no definite quotations. Most enterprises maintain stability and wait and see, and some factories offer preferential promotions. Last week, an enterprise in Zhejiang sold at a low price. Its daily sales volume was 2500 tons, and the sales and sales of other enterprises were around 1-3. In the Fujian area, the sales situation slightly improved, and the production and sales were 3-6. Production and marketing downturn caused the pressure of enterprise inventory pressure, some enterprises open preferential sales promotion mode, the price later has a risk of fall!

    Polyester products did not fall synchronously, but did not match the rise and fall of upstream and downstream products.

    Following the fall of polyester raw materials on the first trading day after the Spring Festival, the 2-4% rebounding trend of polyester raw materials from naphtha to polyethylene glycol was mainly due to the continuous rise of crude oil. The above products began to rebound from the low after the festival. PTA prices were flat at the beginning of the month, while polyester products had a decrease of 0.7%-4.1% relative to the beginning price. The main reason was that there was no market price after the Spring Festival. There has been no marked decline in prices. Since mid - century, some plant plans for polyester filament have been restarted in succession. However, downstream enterprises are relatively slow to work, and demand is not enough, resulting in high inventory pressure of polyester filament and slow progress in starting up the industry. At present, the downstream users are buying at bargain prices, and the market transaction atmosphere has been improved, but the overall production and marketing is limited, and the market is still in a downturn.

       ? ?

    Upstream to downstream, downstream preference! Polyester industry chain profits appear "fault"

    Generally speaking, the loss of polyester upstream PX to PTA occurred after the holiday, while polyester products benefited from the decline of raw materials, and the upstream and downstream phases of the polyester products were in the dormant period of the Spring Festival and the epidemic situation. The products themselves were less than raw materials, and the profitability level increased significantly.

    The picture shows the profit margin comparison of polyester products.

       ? ? ?

    The increase is 34.69%! Stock prices of polyester factories without price rise rapidly

    From the perspective of polyester industry chain, the post holiday product inventory presents a lot of storage phenomenon. Compared to the beginning of February, it was subject to the market price without market and empty expectations. The polyester plant production and marketing was low, and the stock accumulation increased considerably, reaching 34.69%, reaching 33 days.

    The picture shows recent stock changes of polyester products.

       ? ?

    Weaving "gold three silver four" peak season is discounted, polyester storage will continue until mid March.

    At present, the stock structure of polyester products is significantly differentiated, mainly concentrated in the hands of polyester factories with less production and less production. Some enterprises' inventory has exceeded historical highs, so shipments for polyester factories are quite strong. It is estimated that the future of the industry inventory is going to be a simple transfer, which means that the stock of polyester products is transferred from the polyester plant to the downstream. However, the stock of polyester factories and raw materials and stocking stocks are still high. Low prices can only bring short-term stock transfer. Ultimately, we still need to pay attention to the rising demand for the terminal to the whole society. The intensity of elimination.

    For the terminal demand, due to the epidemic's drag on clothing sales in winter and spring and some orders due to epidemic factors, the peak season of textile industry is expected to be discounted in the latter 3-5 months.

    In general, the problems faced by polyester factories, transportation pressure and export problems will be improved with the gradual easing of this event. Inventory problems need to be gradually realized in downstream and terminal industries, logistics recovery and polyester control load. Polyester industry may still be faced with shortages of finished product inventory and terminal demand in short term, and is expected to continue to 3. Near the middle of the month.

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