SunSirs--China Commodity Data Group

Language

日本語

한국어

русский

deutsch

français

español

Português

عربي

türk

中文

Sign In

Join Now

Contact Us

Home > Polyester POY Polyester FDY Polyester DTY News > News Detail
Polyester POY Polyester FDY Polyester DTY News

SunSirs: Supported by Favorable Cost, Polyester Filament Prices Maintained an Upward Trend

April 04 2023 10:35:54SunSirs(John)

Price trend

According to the monitoring of SunSirs, this week (March 25-31) maintained a slight upward trend, with polyester FDY rising 3.07%, POY rising 2.12%, and polyester DTY rising 2.92%. On March 31st, the mainstream polyester filament factory in Jiangsu and Zhejiang regions offered polyester POY (150D/48F) at 7,550-7,750 RMB/ton, polyester DTY (150D/48F low elasticity) at 8,900-9,500 RMB/ton, and polyester FDY (150D/96F) at 8,300-8,500 RMB/ton.

Analysis review

In the crude oil market, the US commercial crude oil inventory unexpectedly decreased, and the export of crude oil from the Kurdistan region of Iraq was blocked. The oil market gained significant support. As of March 30, the settlement price of the main contract for WTI crude oil futures in the United States was 74.37 US dollars/barrel, while the settlement price of the main contract for Brent crude oil futures was 78.60 US dollars/barrel. There was not much circulation of goods and it is estimated that there will be no inventory in April. PTA market continued to rise this week. As of the 31st, the average market price in East China was 6,404 RMB/ton, with a weekly increase of 3.85%.

The weaving operating rate in Jiangsu and Zhejiang remained around 67%, and there had not been a significant decline. As of the 31st, orders for out of season fabrics had been placed in succession, and foreign trade orders for home textiles had also been placed in small quantities. However, the overall market order volume was still lower than the level of the same period last year. And as the price of raw materials continued to rise, the pressure on losses increased, and confidence in the future market was generally insufficient. Most downstream factories stocked up until around the Tomb Sweeping Festival, and some purchased raw materials were purchased when they were used.

Market outlook

Analysts from SunSirs believe that the tight supply of raw material PX is expected to continue until late April and even May. PTA has a strong upward momentum, so there is still good support for polyester fiber costs. However, the downstream market is in a strong wait-and-see mood, mainly placing orders cautiously, which forms a certain degree of repression against the rising trend.

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