Terminal Demand Is Hard To Say, Optimistic Polyester Filament Price Exists Fall Risk
According to the price monitoring of business associations, the market prices of PET filament in China continued to rise sharply this week. At present, the mainstream factories in Jiangsu and Zhejiang are reporting POY150D/48F 5150.00-5500.00 yuan / ton, polyester DTY150D/48F low bombs 6800.00-7500.00 yuan / ton, polyester FDY150D/96F reported 5850.00-6100.00 yuan / ton. Affected by the news of crude oil cooperation and production cuts, the raw materials market has strong support, and the market has emerged in the market of speculative bottom up replenishment. In the second half of the week, the bottom of the bargain market is coming to an end. The atmosphere of the market is obviously cooling down, and the overall price increase has slowed down.
In the past 7 days, the average price of polyester filament market has dropped.
| product | 2020-4-03 | 2020-4-10 | Ups and downs | Year on year rise and fall |
| Polyester POY (150D/48F) | Four thousand nine hundred and thirty-four | Five thousand three hundred and sixty-four | 8.72% | -41.21% |
| Polyester FDY (150D/96F) | Five thousand three hundred and thirty-six | Five thousand nine hundred and five | 10.65% | -38.59% |
| Polyester DTY (150D/48F low elastic) | Six thousand eight hundred and ninety-three | Seven thousand one hundred and seventy-six | 4.10% | -32.53% |
The price of the raw material PTA moved upward rapidly under the impetus of crude oil, and the market price was 3453 yuan / ton as of April 10th, and the weekly ring ratio rose by 4.75%, down 48.07% from the same period last year. Downstream factories and dealers welcomed the bottom up sentiment, and spot market transactions were heavy volume. On the device side, the Hon Bang Petrochemical 600 thousand ton PTA plant was restarted on 9, and the 1 million 200 thousand tons PTA plant plan of China and Thailand was reactivated 10, and the PTA operation rate was raised to 92%. The market still has the bottom line behavior, as well as the downstream polyester factory production and marketing drive inventory transfer, at present, the port unloading and delivery situation also eased, and factory cash flow promotion, factory maintenance willingness decline.
Recent changes in domestic PTA installations
| manufacturing enterprise | Unit capacity (10000 tons / year) | Device operation dynamics |
| Ningbo Yisheng | Two hundred and twenty | Plan 4 mid month maintenance |
| Hon Bang petrochemical | Sixty | February 3rd entry maintenance, restart on 9 |
| China and Thailand petrochemical | One hundred and twenty | March 15th car maintenance, plan 10 restart |
| Fuhai creation | Four hundred and fifty | Car maintenance has been restarted in March 12th. |
| Jialong Petrochemical Company | Sixty | Car maintenance in August 2nd, restart time to be determined |
In the terminal textile market, the export pressure continued to increase. According to customs statistics, in 2020 1-2, China exported 13 billion 772 million 500 thousand dollars in textile yarn, fabrics and products, down 19.9% compared with the same period last year, and clothing and accessories 16 billion 62 million 300 thousand dollars, down 20% from the same period last year. From the domestic perspective, the load of Jiangsu and Zhejiang looms started to rise to 70% in the middle and late 3 months, but gradually dropped to about 50% in April.
Xia Ting, a business analyst, believes that the price of raw materials in the market driven by strong crude oil is a good support for the polyester filament market. Due to the fact that many downstream textile factories and traders have finished stocking, there is a general atmosphere at present, and the demand for terminal is hard to say. At present, the demand side is weak for polyester filament forming a greater drag, so next week, polyester filament prices fall risk.
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