During The May 1 Holiday, Polyester Market Is Better. In May, The Market Is Still Alternating.

Entering the May, the OPEC+ production reduction agreement entered the implementation period officially. The oil producing countries that did not participate in the production reduction agreement joined the production reduction. The blockade of the control measures for the epidemic will ease the demand, and the US crude oil inventories will slow down and the international oil prices will continue to rise. WTI rose 20.5%, and the five day continued to rise. Brent broke through 30 dollars a barrel.

Boosted by the rise in crude oil, and the international epidemic has eased, some countries have lifted the ban and re opened the market. Therefore, during the May 1 holiday, polyester filament market has improved. Three days ago, the production and sale of polyester was relatively dull, most of the average production and sales were below 5%, 4 days began to volume, the average production and sales of 200%, 400% of the individual higher, 5 of the 5 production and sales fell moderately, but the whole is still acceptable, the average production and sales in the vicinity of 8. Some polyester filament manufacturers try to pull up quotes, it is reported that 5 polyester filament price rose 50-150 yuan / ton!

It is expected that in the first ten days of May, the impact of good news on polyester filament and the loss of cash flow of most varieties will restrain the trend of price trend to a certain extent. But the uplink power is insufficient, so in the beginning of May, the trend of polyester trend was mainly consolidation. 5 the trend forecast in the middle of last ten days or two cases: first, the demand is on schedule, the polyester filament enterprise or the borrowing trend is rising, while the downstream buying and selling mentality is guided, the production and sales are getting warmer, the pressure of the enterprise inventory is alleviated; secondly, the demand is not optimistic. The resumption of labor in Europe and the United States is not equal to the resumption of production, but in the end of 4, some demand has been overdrawn, and the demand in the middle of the month has been sluggish, and the pressure on enterprise inventory has increased. The focus of market transaction is down, or down to the lowest level at the end of March.