SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > Polyester POY Polyester FDY Polyester DTY News > News Detail
Polyester POY Polyester FDY Polyester DTY News
SunSirs: The Price of Polyester Filament Was Stronger Driven by the Favorable at Cost Side
March 14 2023 09:54:54SunSirs(John)

Price trend

According to the monitoring of SunSirs, the domestic polyester filament market has been stronger in shock since March, with polyester DTY up 2.36%, POY up 2.20% and polyester FDY up 1.68%. As of March 10, the quotation of mainstream polyester filament factories in Jiangsu and Zhejiang: the quotation of polyester POY (150D/48F) was 7,450-7,700 RMB/ton, the quotation of polyester DTY (150D/48F low elasticity) was 8,800-9,350 RMB/ton, and the quotation of polyester FDY (150D/96F) was 8,300-8,450 RMB/ton.

Analysis review

The negative expectation of the Federal Reserve's aggressive interest rate increase led to the fall of the international crude oil price. As of March 9, the settlement price of the main contract of WTI crude oil futures in the United States was at 75.72 US dollars/barrel, and the settlement price of the main contract of Brent crude oil futures was at 81.59 US dollars/barrel. However, PTA is expected to destock from March to April, supporting the strength of PTA prices. Since March, the domestic PTA spot market has maintained an upward trend. As of March 9, the average market price in East China was 5,872 RMB/ton, up 4.92% from the beginning of the month.

Downstream, with the arrival of the peak season of the traditional textile market and the rise of domestic orders in spring and summer, under the background of the moderate recovery of demand, although there is no significant increase, it can maintain a high level of rigid demand, and the comprehensive starting rate of looms in Jiangsu and Zhejiang regions had increased to more than 70%. However, foreign trade orders were still not improving. The factory feedback that new orders were insufficient, and the final foreign trade orders of weaving factories shrunk.

Market outlook

According to the analysts of SunSirs, the cost side PTA was driven b positive factor, and the demand side ran smoothly due to rigid demand. Under the background of the traditional "golden March and silver April", it is expected that the polyester filament market will continue to run warmer in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products