According to the price monitoring of the business community, the quotations of mainstream polyester filament factories in Jiangsu and Zhejiang were temporarily stable on October 20, among which the quotations of polyester POY (150D/48F) were at The price of polyester DTY (150D/48F low elasticity) is 10,900-11,200 yuan/ton, and the price of polyester FDY (150D/96F) is 9,150-9,250 yuan/ton.
Polyester filament market average price increase and decrease unit: Yuan/ton
Crude oil fluctuated at high levels, U.S. WTI crude oil on October 19 The settlement price of the main futures contract was US$82.44/barrel, an increase of US$0.75 or 0.92%, and the settlement price of the main Brent crude oil futures contract was US$85.08/barrel, an increase of US$0.75 or 0.89%. Tight global supply and rising expectations for fuel demand growth in winter will continue to be positive for oil prices.
The PTA market was affected by the general decline in coal chemical industry-related futures on the night of the 19th, and the PTA device was superimposed Gradually restarting, the overall operating load increased to more than 77%, and spot supply was sufficient. The current price of PTA fell within a narrow range. On the 20th, the domestic PTA spot market average price was 5,390 yuan/ton, down 2.45% yuan/ton from the previous day and up 56.58% year-on-year. The main futures market closed at 2201 at 5440 and settled at 5410, down 90 yuan/ton. 1.63%.
Recently, downstream buyers have made periodic purchases under the influence of the mentality of buying up rather than buying down. Factories are cautious in receiving new orders and mainly place early orders for production. “Double Eleven” e-commerce clothing orders and winter home textile orders have picked up month-on-month, but they are still poor year-on-year. The current comprehensive operating rate of Jiangsu and Zhejiang looms is 55%.
Crude oil support still exists, but PTA supply pressure has increased, and the overall chemical industry has shown a weak atmosphere, so cost-side support has loosened. In addition, as the price of raw materials gradually stabilizes, the market sentiment in the downstream has increased, and raw material procurement is mainly cautious. In the short term, polyester filament prices may fluctuate within a narrow range and weaken.
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