Analysis Of Polyester Filament Market In China (11.1-11.5)

Market situation of Main polyester in China

Shengze and Jiaxing markets

New scale of weaving and adding bombs downstream

Zhejiang Qian Qing raw material Market

This week the market is lively and prices are rising.

Fujian polyester filament Market

The market is stable and upward, and the trading atmosphere is becoming more active. The turnover has improved and the market quotation has increased slightly.

Since this week, under the influence of polyester raw material futures market, local enterprises are constantly improving in production and marketing, and the rate of production and marketing is generally close to over 100 operations. Preferential sales promotion measures are further reduced, and their inventory level has declined slightly.

The stocking of downstream weaving enterprises and market traders is not over yet, and the market is improving step by step.

The order of the downstream weaving enterprises is general, but since the continuous expansion of the market since last year, the market demand has increased further. It is expected that the local polyester filament market will be better in the short term.

DTY 50D/72F (light net) is quoted at market price of 21800-21900 yuan / ton, DTY 100D/36F is 15900-16100 yuan / ton, DTY 300D/96F is 13600-13800 yuan / ton, FDY 50D/24F is 17600-17800 yuan / ton, FDY 75D/36F is 15800-16000 yuan / ton.

Guangdong polyester filament Market

The market is still stable, and the quoted price of enterprises is mostly based on Ping Bao. Individual specifications have a certain price increase due to better market demand.

The overall turnover of the market has improved and the market atmosphere has started to become more active.

At present, the production and sale rate of polyester filament enterprises is maintained at a high level of over 80%, but because of the high market price, the market mentality is divided.

The weaving rate of the downstream weaving enterprises is generally low, especially for the circular machine enterprises.

It is estimated that the market of polyester filament will be adjusted in the near future.

Market quotations for various varieties DTY150D/48F is 14500-14600 yuan / ton, FDY100D/96F is 14000-14200 yuan / ton.

Shandong polyester filament Market

The market is relatively stable this week, and the price of individual varieties has risen by about two hundred yuan, such as fine denier silk.

The current market turnover atmosphere has been active, DTY low elastic wire and network silk are the mainstream varieties of the market turnover. The volume has been enlarged. The Taicang medium and low price DTY light wire multi hole wire has been running smoothly, and the market traders' inventory has dropped, and the number of warehouse filling has increased.

The downstream weaving enterprises are still stocking on demand, purchasing steadily, and increasing the sales volume of the water jet fabric market, which is good for improving the demand of polyester filament.

It is estimated that the market of polyester filament will keep a good market in the near future.

The market quotations DTY 150D/48F are 14400-14500 yuan / ton, DTY 300D/96F is 13500-13600 yuan / ton, DTY 150D/48F (Network) is 15200-15300 yuan / ton, FDY75D/36F (You Guang) is 15700-15800 yuan / ton.

Upstream analysis

In terms of crude oil, the New York Mercantile Exchange (NYMEX) crude oil contract in December closed at 86.49 per barrel, rising 1.80 US dollars, up 2.13%.

As of 11:30 Beijing time on November 5th, NYMEX December crude oil futures contract rose 58 cents, to 87.07 U.S. dollars / barrel.

China's recent fuel oil storage remains low, the shortage of diesel is expanding, and the demand for crude oil keeps rising.

The PTA spot market is booming through futures trading.

Yesterday, the mainstream offer in East China's domestic market has risen to 9100 yuan / ton in the morning to about 9600 yuan / ton in the afternoon. The market paction price has risen sharply, and the paction price in the afternoon has reached even 9550 yuan / ton. The market has heard that 9600 yuan / ton has also been reached.

Downstream delivery significantly increased, the intention to catch up is obvious, the overall market trading atmosphere is more active.

And the downstream start rate is very high, there is a rigid demand for PTA, in the short term, PTA part of the device parking maintenance, to boost the spot market, basically easy to rise and difficult to fall.

Downstream analysis

Entering the November, taking China Light Textile City as an example, the local turnover of all kinds of polyester filament fashion casual fabrics and Jindi fashion casual fabrics increased. The polyester fabrics made of polyester filament, nylon, nylon and cotton fabrics were distributed in small batches and lots of batches. The polyester composite cloth, nylon polyester compound fabric and nylon / cotton composite layout were more flexible. The polyester DTY, FDY type printed velvet, velvet, yarn dyed and fluffy fashion fabrics increased and the market was active.

The start-up rate of downstream weaving and adding companies increased, and the rigid demand for polyester filament began to increase.

Analysis of future market

Cotton price rise drives polyester price up

The sharp rise in cotton prices is mainly due to the low global cotton inventories, the decline in domestic cotton production and the delayed listing time, plus capital speculation, but the demand for cotton is still strong.

Under the influence of output and inventory, the proportion of cotton in textile decreased, and the proportion of chemical fiber increased steadily, among which polyester was dominant and the proportion of cotton increased rapidly. The substitution effect of cotton was the most significant.

At present, cotton prices are at a historical high level, and there is no sign of slowing down. The downstream weaving mills have to find cheaper alternatives when faced with high cost pressures, resulting in the rise of polyester prices in China.

Polyester textile enterprises operating rate greatly increased

Since the end of October, domestic textile enterprises have entered the peak period of production, and the operating rate of polyester textile enterprises has increased significantly.

As domestic cotton prices continue to record high, and the latter still continues to rush, textile enterprises are forced to shift their focus to chemical fiber products under the pressure of high price purchase of cotton, which is dominated by polyester fiber.

As for polyester filament, there is a rigid demand, so it is expected that its market will easily rise and fall.