The Contradiction Between Supply And Demand Of Polyester Industrial Yarn Is Obvious. In April And May, As Demand Increased, Prices Rose.

Recently, the international health incidents continue to spread. The Federal Reserve has cut interest rates more than expected, easing the economic strain. However, the export of the Dacron industrial yarn is more dispersed, and the export impact will be limited. At present, the contradiction between supply and demand in the domestic market is obvious. After the holiday, the market of polyester industrial yarn is gradually boosted with the downstream businesses coming into the market, and the spot transaction has increased slightly. With limited demand, the stock of enterprises has increased slowly, and the market has maintained a weak operation.

At present, the market of polyester industrial yarn has gradually entered the normal trading stage. According to long data, by the end of March 4th, the price range of the mainstream market of polyester industrial yarn was 9000-9300 yuan / ton, down 200 yuan / ton from the same period last month. After the holiday, the price of polyester industrial yarn has been surged due to factors such as logistical barrier, shortage of workers and auxiliary materials, etc. the transaction price has risen sharply, with a turnover of 9750-10000 yuan / ton. However, because of the lack of market enquiry and the slow increase of enterprise inventory, the turnover of the market has dropped to the present level as the downstream resumption has increased.

According to long Zhong research, most of the manufacturers in China stopped working during the Spring Festival. After the holiday, polyester industrial yarn enterprises went to work in posts. At present, the opening rate of the polyester industrial yarn industry is 41.98%, up 3.81 percentage points from the same period last month, and the increase is relatively limited.

In terms of plant maintenance, a large plant in Zhejiang ended in February with a total capacity of 500 thousand tons. The production of polyester industrial yarn in Jiangsu was reduced by 50% at the beginning of March, and the maintenance time was about one month. Device restart, at present, Zhejiang halid, Zhejiang Shuangfeng, Tong Heng Chemical fiber (Changshu Hengtong printing and dyeing renamed), DAE Rong new materials and other enterprises have been negative or restart, Dachang only a factory in Yixing plans to start work today, market recovery needs urgent needs. At present, the new launch of Fujian's three dimensional device has been postponed for 1-2 months, and the actual new investment capacity needs to be further tracked.

At present, the domestic demand is mainly to curb the development of the industry. The international community is constantly spreading by international health events. At the end of 3 hours in Beijing, the Federal Reserve announced a 50 point cut in interest rates to 1.00%-1.25%. This is the largest rate cut since the Federal Reserve in 2008, in order to combat the impact of international health time on the economy and take actions to support the economy as appropriate. What is the impact of the recent international public health incidents on the market of polyester industrial yarn?

First, look at the export proportion of polyester industrial yarn in 2019.

List of polyester industrial yarn export countries in 2019

In 2019, the output of China's polyester industrial yarn was 1 million 815 thousand and 400 tons, the total import volume was 14 thousand tons, the total export volume was 443 thousand and 500 tons, and the dependence on exports was 29.33%. The top three are the United States, South Korea and Turkey. Among them, the United States exports 65 thousand and 900 tons, accounting for 14.87% of the total exports; South Korea exports 32 thousand and 700 tons, accounting for 7.37%; Turkey's export volume is 28 thousand and 200 tons, accounting for 6.36% of the total exports. It can be seen that the export countries of Dacron industrial yarn are relatively dispersed, and the overall export will be limited. Xiaobian believes that the overall concern of the market is still needed in the main supply and demand aspects of the country.

To sum up, the market of polyester industrial yarn is mainly affected by the shortage of downstream personnel, slow recovery and insufficient demand follow-up. It is expected that as the state vigorously promotes the resumption of production and resumption of production, the overall weak operation of the enterprise in March will be dominated by enterprises, and in April and May, with the increase of demand, the market will be better.