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    Polyester Filament Fell Strong Momentum PTA Alone Is Difficult.

    2008/7/4 0:00:00 46

    Since last weekend, the domestic polyester filament market has been dropping, and the polyester factory has cut down its factory price. As for Monday, a big factory in Shengze, half light FDY, fell 100 yuan, but at the end of last week, its gloss FDY had already fallen 200 yuan / ton, and the Xiaoshan road far POY quotation continued to cut 200 yuan / ton. Xiaoshan Rongsheng DTY also had a drop of 100 yuan / ton on Monday, and the POY quotation reduction rate was 300 yuan / ton.

    Tuesday, Xiaoshan Rongsheng FDY quotation generally lowered 200 yuan / ton, FDY68/24, 150/96 13700, 12800 acceptance; Xiaoshan Lian Da today's quotation generally fell 150 yuan / ton, now its POY150/144F reported 12300 yuan / ton (March acceptance).

    In addition, the price of polyester factories in Tongxiang also dropped by 100 yuan / ton today, and the new Feng Ming POY150/48F reported 12200 yuan in cash.

    On the whole, from the beginning of last week, the price of polyester filament at home has generally fallen by 200-300 yuan / ton, and the price adjustment of some polyester factories is more violent, reaching 400 yuan / ton.

    Although the cost of polyester raw materials is not very clear, and its bullish atmosphere is still active, the price of polyester filament has no effect on the cost and turns down. This shows that the pressure on the filament Market and polyester plant is enormous.

    First of all, from the point of view of production and sales rate, the production and sale rate of polyester factories has dropped sharply since the recent period. At present, the production and sales rate of many factories is less than 5, and the low is only about 2 percent. The imbalance between production and marketing seriously dampens the confidence of polyester manufacturers that they want to rely on cost to support prices, plus the inventory pressure brought by low production and sales rate, and even makes polyester factories on pins and needles, reducing shipments, thus becoming the primary choice of some polyester factories.

    The rise of electricity price and steam price and the tightening of the money supply have led to the fact that the downstream weaving enterprises have gone through "life is worse than death". There are even reports that the profits of most textile enterprises in Shaoxing and Shengze, which are the two largest textile bases in China, are now zero. Although the reports are not true, they also reflect the fact that the textile enterprises are running very hard at present. For example, the rate of weaving weaving has been declining recently. According to statistics from relevant parties, the overall start-up rate in Shaoxing has dropped to about 5-6, with the round machine starting rate of 45%, Shengze's loom loom 55%, and Fujian's round machines and warp knitting machines running at about 40%-55%. From the downstream point of view, with the price of oil,

    And the overall opening rate of Jiangsu and Zhejiang is only only in the vicinity of 55%, and in accordance with the current market trend, the opening rate of weaving has no small space to continue to decline.

    On the one hand, the low production and sales rate caused the increase of inventory pressure. On the one hand, the continuous decline of downstream boom caused the attack on the whole, plus the high cost of making ends meet, as well as the constant reduction of product prices. The polyester plant can be said to have reached the state of embattled, and the production and production stop enterprises which started to implement less resolutely began to increase. For example, a 360 thousand ton polyester plant in Xiaoshan began to stop in June 30th, and the parking time was more than 20 days. Another set of 180 thousand ton polyester plant in Xiaoshan will also stop in the near future. According to statistics, at present, the polyester production capacity of parking has been close to 1 million 400 thousand tons.

    The weak market in the lower reaches has obviously attracted the attention of the upstream. After all, everyone knows the truth of the cold teeth. The news of the upstream concession is beginning to appear today. For example, MITSUBISHI chemical's PTA Asian contract price in July was adjusted from 1380 US dollars / ton to 1285 US dollars per ton (CFR, L/C90 days). In July, the price of the New Asia PX contract of new Japan Petrochemical was adjusted from the original 1770 US dollars / ton to 1640 US dollars / ton, and the July Asian PX settlement price was only 1625 dollars / ton (CFR, L/C90 days).

    But in the current big market, the concession of the upper reaches is obviously late. Now I am afraid that it will not only play a role in stabilizing the market, but on the contrary, it may exert further pressure on the market.

    On the whole, the market situation in all aspects is not very ideal. Especially in the background of the worsening downstream, PTA market has been hard to be independent, and the fall in prices will be the trend of the times.

     

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