Can The Direct Spinning Polyester Staple Market Fall To The Lowest Level When The Storehouse Pressure Rises?

Since last Friday, the enthusiasm for trading driven by non-woven staple has cooled dramatically. By this week, the price of spun staple fibers has dropped to a high level this week, but the enthusiasm of the staple fiber has also cooled significantly. The polyester staple industry has begun to return to fundamentals, and the market prices have been falling. However, due to the low inventory of most enterprises, the market is slowing down. Purchasers generally feel that the price is still not in place, so the replenishment will continue to be low.

Global public health incidents continue to spread, and China's textile industry is also suffering great impact. But in the context of internal and external troubles, the polyester staple market started a rapid rise in April, but it lasted for a long time. In late 4 months, with the sharp cooling of non-woven products and the continued weakness of the traditional spinning industry, the market of polyester staple fiber soon weakened. Down, but as the cash flow has been maintained at a high level, and the downstream cotton mill has started to decline, the price of general polyester staple fiber has not been adjusted, so the enthusiasm of replenishment is low. At present, the production and sales of short staple mills for more than a week is only about 2. The pressure of factory storehouse is rising again. The market thinks that the price of staple fiber will fall to the lowest level, and even the possibility of refreshing the low point. Next, I will briefly analyze several factors that affect the current market situation.

First of all, from the cost point of view, OPEC's oil producing countries will immediately begin to cut production, and oil prices rebounded slightly, which may form a certain support for polyester raw materials. However, due to the difficulty of global demand decline in the near future, PTA and ethylene glycol are short of continuous and effective upgoing driving in the background of their high inventory and weak demand. Moreover, the cost of polyester staple fiber is still less than 5000 yuan / ton, and the cash flow space is still high at present, so there is still some room for decline in the current price.

Secondly, from the perspective of demand, the spinning industry, which occupies the most important downstream consumption field of polyester staple fiber, is running very low at present. The finished product inventory of the cotton mill is getting higher and higher. With the increase of financial pressure, some factories will stop and leave before and after the May 1 holiday. The demand support is generally weak, which will have a certain inhibition on the price of polyester staple fiber.

Again, from the perspective of the supply of polyester staple fiber, the current load of polyester staple fiber enterprises is at a high level of 89.89%, although the average stock value of temporary enterprises is only about a week, but with the delivery of the previous orders, if the production and marketing of this week to the May Day holiday is still difficult to sell, the average stock value of the enterprises will rise to half a month after the return of the festival. The pressure is even greater. So for now, there is still a downward pressure on factory prices.

However, can the price of PET staple drop to the lowest? I think the short term is very difficult. Even if demand continues to slump, the cost is not much different from the previous low level, but the background is slightly different now. First of all, the inventory is not high enough. A key factor is the fact that the market of polyester filament has changed recently. The polyester taffeta fabric produced by bright FDY part of fine denier can be partly applied to the field of civil protective clothing, resulting in good FDY production and sales. And because of the low cash flow of polyester filament, the price has dropped to a certain level. Class specification may trigger part of the fund's intervention, which will lead to the improvement of the whole filament trading atmosphere. Because polyester filament occupies half of the total polyester share, the quality of filament market is directly related to the trend of raw material end, thereby affecting polyester staple fiber again. Therefore, although the basic staple of polyester staple fiber is weak, it is affected by multiple peripheral messages, and there are still large variables in the market.