Polyester filament: off season? nonexistent!
Caught off guard, a new round of rising prices broke out again!
On the 27th, PTA futures rose linearly, like a shot of cardiotonic injection into the polyester filament market. Polyester manufacturers once again experienced explosive market prices, and the purchasing enthusiasm of the downstream weaving market was once again stimulated.
On the 27th, the overall production and sales of polyester filament were booming, with the average estimate at around 3:30 pm being above 200%; the mainstream production and sales were concentrated at 400%, 450%, 100%, 230%, 500%, 200 %, 160%, 300%, 130%, 200%, 120%, 170%, 300%, 500%, 200%. In particular, the production and sales of POY manufacturers have increased significantly.
With the boost of production and sales, the polyester yarn market closed to make up for the growth significantly in the afternoon, such as Southeast The price of new materials jumped twice in a row, by 50 yuan/ton respectively; Lianda Chemical Fiber also increased by 50-100 yuan/ton; Tiansheng Chemical Fiber increased by 50 yuan/ton in early trading, and continued to increase by 50-100 yuan/ton after midday. tons; in addition, prices of manufacturers such as Xinmin and Sanfangxiang have increased. There is also a Shenghong seal! Double Rabbit seals the deal! Many manufacturers directly closed the sale and hesitated to sell!
PTA futures soared 3.52%!
On the 27th, PTA futures, which had been performing depressedly, stepped out of a big positive line without any warning, which sounded the rally call for joy in the polyester market and also boosted polyester filament prices. The price boom in the market. On the 27th, the main PTA futures contract 1809 closed at 5818 points, up nearly 200 points from the previous trading day, with an increase of 3.52%; the spot market also followed suit.
Crude oil breaks through the $70/barrel mark!
The collective runaway in the polyester market was largely due to the renewed turmoil in the crude oil market on Tuesday. On the 26th, the U.S. State Department ordered companies to reduce all imports from Iran to zero starting in November, boosting crude oil prices and rising sharply. U.S. WTI crude oil August futures rose $2.45 to $70.53/barrel. This is the first time that U.S. oil has exceeded the $70/barrel mark since May 25, with an intraday increase of more than 3%.
Whether it is the surge in PTA futures or the breakthrough in crude oil prices At a high level, the polyester market is booming across the board, and the boost in the cost of upstream raw materials is definitely a “magic assist” for the polyester filament market! However, the key to the sustainability of the good market outlook still depends on the supply and demand of polyester filament itself.
Recently, many units in the polyester market have been unexpectedly shut down for maintenance. For example, two units in Wujiang Yingxiang were shut down unexpectedly for maintenance, involving a production capacity of 400,000 tons. The planned maintenance 1 month; Shaoxing Far East Chemical Fiber will shut down all 800,000 tons of polyester units due to asset handover, and is expected to shut down for 1 month; the market supply of polyester filament will further decrease.
According to statistics from China Silk City Network, the fabric market inventory has been at an all-time low recently, and the operating rate has remained at 70-80%, and the demand for downstream raw material procurement is still high.
With the recent surge in production and sales in the polyester yarn market, polyester manufacturers with already low inventories are even more delighted. Judging from statistical data, the overall polyester market inventory has now dropped to 3-12 days, which is at the lowest level during the year; in terms of specific products, POY inventory has dropped to 2-6 days, FDY inventory has dropped to around 2-5 days, and DTY inventory lasts about 11-19 days. It is understood that some hot-selling products in the market have been shorted recently.
In fact, since June, the market inventory of polyester manufacturers has been showing a downward trend; with the reduction of market supply and rigidity Supported by purchasing demand, the supply of low-inventory polyester manufacturers has further tightened. And from time to time, there are external favorable stimulations such as international oil prices boosting and PTA skyrocketing. This is even more powerful for the already strong polyester market. The pattern of easy rise and hard fall has been formed! </p
