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SunSirs: The Terminal Gradually Enters the Year-End Closing Stage, and the Price of Polyester Yarn has Fallen and Adjusted

January 29 2021 08:58:54     SunSirs (Linda)

According to data monitoring by SunSirs, the domestic polyester filament market price has maintained a slight downward trend in the past week. Among them, polyester POY has fallen the most, with a decline of 1.47% as of the week of January 28, followed by polyester FDY and polyester DTY, which have fallen by 1.35% and respectively. 1.01%.

In the past week, the factory has focused on sales promotion. The mainstream factories in Jiangsu and Zhejiang provinces offer polyester POY (150D/48F) at 6100.00-6350.00 yuan/ton, polyester FDY (150D/96F) at 6000.00-6250.00 yuan/ton, and polyester DTY (150D/48F). Low elasticity) reported 7900.00-8100.00 yuan/ton. Production and sales can also clearly see that the production and sales of non-promotional factories are basically 20%-50%, while the production and sales of low-price promotion factories exceed 100%. In terms of inventory, the overall polyester market inventory is concentrated in 17-26 days, of which polyester POY inventory is 6-7 days, FDY inventory is 11-24 days, and DTY inventory is 15-26 days.

In the raw material market, crude oil prices have recently been affected by factors such as the severe global epidemic situation and the increase in US crude oil inventories. Crude oil prices have been adjusted mainly due to fluctuations, and the cost side has weakened the PTA market. At the same time, both CICC and Fuhaichuang PX devices will resume production in the near future. Domestic supply has increased significantly, and the PX market has been adjusted mainly due to narrow fluctuations.

The domestic PTA spot market maintained a volatile downward trend. As of January 28, the average domestic market spot price was 3,800 yuan/ton, down 1.13% from January 21 and down 22.20% year-on-year. In terms of installations, the PTA start-up remained high at 87%. Although Ningbo Yisheng's 2 million tons of equipment has implemented planned maintenance on January 24, the normal operation of Fuhai Chuang's 4.5 million tons of equipment and the commissioning of Fujian Baihong's new equipment have aggravated the oversupply of PTA and increased the risk of accumulation.

The Spring Festival is approaching, and terminal textile factories are gradually closing their holidays. The Jiangsu and Zhejiang looms have now dropped to around 60%. It has been heard that about two-thirds of weaving companies in Xiaoshao and Shaoxing areas have parked for holidays, and later logistics and transportation will be restricted. Therefore, it is also a good time for polyester yarn sales promotion. However, the downstream is cautious and wait-and-see attitude towards raw materials, and the market trading atmosphere is flat. From the perspective of the traditional textile market, the spot subscriptions for winter fabrics from the north and south are still decreasing, orders are relatively limited, and the overall market volume fluctuates and declines compared with the previous period.

SunSirs analysts believe that the current crude oil price is still fluctuating near the high level in the past one year, and there is still some support. However, with the release of new production capacity, its own supply pressure has increased, and the supply and demand side of PTA demand is not good, and the price remains volatile and weak. It is more likely. In addition, as the Spring Festival holiday approaches, weaving companies have begun to take holidays one after another, the probability of seasonal decline in demand is greater, the terminal demand is insufficient, the wait-and-see mood is strong, and the purchasing atmosphere will weaken. Both the cost side and the demand side are under pressure. It is expected that there will be no substantial positive boost before the holiday, and it is more likely that polyester yarn prices will fluctuate and run downward.

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