The Characteristics Of The Off-Season Are Obvious. The Price Of Polyester Filament Will Continue Downward In July.

According to the price monitoring of business associations, the market of domestic polyester filament market showed a trend of first rise and then fall in June, of which polyester FDY fell the most, with a monthly drop of 4.74%, followed by polyester DTY 1.38%, and polyester POY flat. At present, the mainstream factories in Jiangsu and Zhejiang are quoted in the price of polyester POY (150D/48F) at 5500-5600 yuan / ton, and the price of polyester FDY (150D/96F) is quoted at 5850-6110 yuan / ton. Polyester DTY (150D/48F low elastic) 6850-7400 yuan / ton. Since June, the price of polyester raw materials has been rising due to the rise of international crude oil, thus stimulating the price of polyester. But beginning in the month, with the deepening of the textile industry's off-season atmosphere, especially after the Dragon Boat Festival holiday, crude oil futures fell, and polyester prices began to fall.

　 The average price of polyester filament Market in June is up and down, the unit: yuan / ton.

In June, crude oil is still in a period of production reduction, prices continue to rise and fall, and Asian and PX installations are concentrated in routine and out of schedule maintenance and reduction events. PX has been hit by the bottom rebound. As of June 28th, the closing price in Asia is 556 US dollars / ton FOB Korea and 576 US dollars / ton CFR China, and domestic PX price is 4300 yuan / ton, up 4.88% compared with the beginning of the month, down 38.57%. The domestic PTA spot market price presents a "M" shock upward trend. Facing the high inventory and terminal weakness in traditional off-season demand, it narrowed compared with the increase in May. As of June 29th, the market average price was 3621 yuan / ton, up 1.89% compared with the beginning of the month, down 43.11%% compared with the same period.

　　 Recent changes in domestic PTA installations

The low-end textile and weaving Market in the lower reaches gradually deepened in the off-season. It was even more difficult when the special year was out of season. The demand was sluggish and the turnover was light. Most weaving enterprises began to sharply reduce the starting rate. The comprehensive start-up rate of Jiangsu and Zhejiang looms again dropped slightly to 61%. In the past, in general, manufacturers would have more or less stockpiling operations before the holiday, but before the Dragon Boat Festival holiday, manufacturers' enthusiasm for replenishment was not good. It is understood that the gray fabric inventory in Shengze has risen to about 43-44 days, 2-3 days higher than the same period last year, 19 days higher than the same period in 2018, 16 days higher than the same period in 2017.

The pressure of textile exports is still very high. According to the latest statistics of the General Administration of Customs of China, in May 2020, the export volume of textiles and clothing was 29 billion 554 million US dollars, an increase of 38.36%, with the export volume of garments (including garments and accessories) at 8 billion 905 million 700 thousand US dollars, down 26.93% from the same ratio. In 2020 1-5, the total export volume of textiles and clothing in China was 97 billion 965 million US dollars, down 0.80% from the same period last year, of which the total export volume of clothing was 38 billion 213 million 100 thousand US dollars, down 22.80% from the same period last year.

Xia Ting, a business analyst, believes that in the context of high inventory prices, the PTA market is likely to weaken in the future, and the support of raw materials is insufficient. At the same time, the textile terminal's traditional off-season characteristics are more and more obvious, domestic sales demand is low, and export is also difficult to break through. Therefore, in the absence of favorable promotion, the possibility of overall weakening of polyester filament yarn in July is more likely.