Polyester Filament Continued To Rise For 3 Days To Welcome May.

International oil prices fell on Wednesday, ending the five consecutive upward trend. As of the end of the day, NYMEX WTI crude oil futures contract in June fell 0.57 U.S. dollars, closed at 23.99 U.S. dollars per barrel, or 2.32%. ICE Brent crude futures contract fell $1.25 in July, closing at $29.72 a barrel, or 4.04%.

The crude oil market is once again on the roller coaster, and the futures market is also running in the same direction. The 7 day, PTA, ethylene glycol futures ended the rally to maintain weak and stable operation. The main contract of PTA futures was closed at 3498 yuan / ton, and the 2009 main contract of ethylene glycol futures closed at 3690 yuan / ton, compared with the settlement price of the previous trading day, all of them fell to varying degrees in 2009 degrees.

Polyester price rose 100-600 yuan during the week

The most recent movement is polyester filament. After a long silence, during the May 1 period, polyester filament has finally ushered in a "boom" market, and prices of various products have risen to varying degrees. On the 7 day, although most of the polyester manufacturers offered a stable price, some manufacturers still raised their prices slightly. Although the current high price conflict has gradually heated up, but there is no shortage of local transactions with a slight increase in expectations.

On the 7 th, some manufacturers' quotations were raised again: the price of polyester in Taicang factory was increased by 50-100 yuan / ton; the mainstream factory in Jiangsu Shengze was 100 yuan / ton in crude DTY, and 50 yuan / ton in polyester plant in Xiaoshan factory, and 50 yuan / ton in Zhangjiagang Tianxin bright FDY.

Polyester price is welcome in May, what is the most direct result?

Outbreak of production and marketing

Production and marketing directly reflect the concern of raw materials in the weaving Market. Some time ago, pet manufacturers were given preferential promotions and geopolitical stimulation in the Middle East. However, the market fever has declined rapidly, and production and marketing have broken hundreds of "one-day tours". However, the price of polyester has been rising, and some pet manufacturers have been reluctant to sell them on the basis of price increases. This is a rare event in recent months.

On the 6 day, the production and sales of polyester filament in Jiangsu and Zhejiang provinces increased. The average production and sales of the mainstream factories were 140%-180%, and some of the better factories were able to produce and sell 300%.

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Not long ago, with polyester filament sluggish production and marketing, the most common problem for polyester manufacturers is stock pressure. 3, the high inventory in April almost exceeded the high inventory level during the Spring Festival. In this should not have the stock pressure "the gold three silver four", such high stock really lets the polyester factory pressure double.

Driven by high yield for many days, the high storage pressure of polyester factories was relieved and dropped rapidly. From the statistical data, the overall stock of polyester market has dropped 2 days to 24-34 days now. In terms of specific products, POY stocks are concentrated in 17-23 days, FDY stocks are reduced to 18-24 days, while DTY stocks are about 25-35 days.
In the final analysis, the production and sale of polyester filament has benefited from the needs of weaving manufacturers.

On the one hand, it belongs to the weaving factory's just need procurement. Nowadays, the raw material inventory of weaving factories is relatively low, which is a great influence factor. In the past six months, as raw material prices have been in a slow downward trend, the downstream weaving factories are generally cautious about raw material procurement, and their enthusiasm for stock preparation is not high. Although the loom operation rate in Jiangsu and Zhejiang provinces has been maintained at 7 below, however, due to the shortage of raw materials and the consumption of raw materials, there has been a wave of just needed procurement.

On the other hand, the low purchasing power of weaving factories is aroused by the mentality of buying or selling. The price of raw materials has been continuously explored, so that weaving factories have been looking at raw materials. In the middle, there were several times that raw materials rose slightly, causing the market to conduct bottom hunting behavior. However, facts proved that all of them were basically "copy the bottom copied in the hillside", and the price of raw materials was not the lowest, but only lower. However, the price of raw materials suddenly rose sharply, and even sold for sale. Driven by the mentality of buying or selling, the downstream weaving factories will add more or less raw materials and drive the purchasing enthusiasm.

On the 7 day, the production and sale of polyester filament dropped significantly. The production and sales of mainstream factories were concentrated at about 30-50%, and some of the better factories were around 80%, and some of them were up to 150%. It can be seen that in the terminal still no significant good, the stock up after the purchase slightly weak, it can be said that the production and marketing of polyester, but also demand, lose demand.

And whether the price of polyester can drive the price of grey cloth to pull up is also the concern of the market.

"It's very difficult," said the head of a domestic export enterprise. Although the price of polyester has greatly increased over the past few days, the price of our fabric has not changed much. Taking 75D double deck four rounds as an example, we still maintain about 4.9 yuan per meter. The market is not really getting better. There are so many stocks and no price rises. "

At the same time, Zhang Chang, a chief textile company in Oxford and Nei Si, also said: "there is a lag in the price of grey fabrics. The price rise of polyester will take a few days to reflect on the grey fabric market. But the price increase is unlikely. Orders have not improved much since the early stage. There is no demand, and the price increase is not very meaningful.
afterword

Judging from the statistics of China's silk net, the inventory of grey cloth in Jiangsu and Zhejiang provinces remains at about 42-43 days, at a high level. The loom start rate is at a low level in the same period last year, so it is clear that the market order is still not good, and the weaving Market is relatively difficult to go.

It can be seen that the price rise without demand is futile.