Lower Purchase Willingness To Increase Polyester Filament Price

According to the price monitoring of the business agency, the textile industry entered the traditional off-season. At the beginning of the week, the polyester filament market remained weak, and the cost support in the second half of the week was strengthened. Downstream weaving factories began to purchase on bargain, boosting market trading. Mainstream factories in Jiangsu and Zhejiang provinces increased 50-100 yuan / ton. At present, the quoted price of polyester POY (150D / 48F) is 5000-5200 yuan / ton, that of polyester FDY (150D / 96F) is 5500-5600 yuan / ton, and that of polyester DTY (150D / 48F low elasticity) is 6300-6800 yuan / ton.

　　 Average price rise and fall of polyester filament Market from July 17 to July 24, unit: yuan / ton

In the trend of polyester market is not optimistic, there are still new units put into operation continuously. Take June as an example, the total production capacity of the plant put into production is about 1.55 million tons. Recently, Haining Hengyi new material project phase I "annual output of 1 million tons of differentiated environmental protection functional fiber construction project" the second set of production line F and related supporting projects were successfully put into operation, and officially produced qualified products. It is reported that the first set of production line g (with a capacity of 250000 tons / year) and related supporting projects of the first phase project were successfully put into operation on February 23 this year, and the products were successfully sold to the outside world, and the market response was good. The project put into production this time is the second set of production line of phase I project. At present, the domestic polyester industry chain is in the stage of expansion and integration, and the concentration of chemical fiber leading enterprises is gradually strengthened, and their influence on the whole industrial chain is also growing.

The PTA Market of raw materials fell first and then rose this week. As of 24 days, the average market price was 3546 yuan / ton, up 0.19% on a week-on-week basis, down 39.58% year-on-year. The prospect of crude oil price drop is further affected by the oil price drop and the impact of the oil market demand. The terminal is still in the off-season, and the profits of downstream filament and chip fall into deficit. Under the pressure of supply and demand, the market still keeps going down at the beginning of the week, and the demand side improves in the second half of the week, and the price rises slightly. The PTA plant has not changed much recently, and the start-up load remains near 89%. Among them, Jiaxing petrochemical, Jialong petrochemical, Pengwei petrochemical, Liwan new materials, Tianjin Petrochemical and Hanbang Petrochemical 1 are still in the shutdown stage, and the restart time is to be determined. It is expected that in August, both Ningbo Taihua and Huabin Petrochemical are in the process of shutdown and maintenance, so the possibility of accidental maintenance and shutdown is not ruled out.

In recent years, China's Textile City market in autumn and winter women's popular polyester ammonia elastic fabric spot market gradually increased, part of the front shop back factory type fabric companies and large-scale business outlets to speed up the turnover of spot transactions in small and medium-sized batches. We are mainly engaged in small and medium-sized stretch woven fabrics and woven fabrics in small batches. Although some small and medium-sized enterprises of polyester and ammonia elastic fabric have many varieties and styles on the market, the transaction is still relatively limited, the transaction is still weak in recent days, the hot spots of sales are still less, and the sales volume is still insufficient. It is understood that, with the inventory rising again, enterprises' profit making promotion activities have been put on the agenda again. Due to small orders and operating losses, many textile enterprises are starting to have a holiday. More than 40% of the enterprises in Zhejiang Province have stopped production and holiday, and some enterprises that have not had a holiday are struggling. The comprehensive starting rate of Jiangsu and Zhejiang looms has been lowered to below 56%.

From the perspective of the textile industry, it is understood that in June, the total retail sales of clothing, footwear, knitwear and textiles reached 105.9 billion yuan, a decrease of 0.1% compared with the same period last year. From January to June, the total retail sales of clothing, shoes, hats and knitwear were 512 billion yuan, with a decrease of 19.6% over the same period. In terms of export, driven by the significant increase in the export of related anti epidemic materials such as masks and protective clothing, China's textile and clothing exports achieved the first year-on-year positive growth in this year. According to China's customs data, from January to June 2020, China's textile and clothing cumulative export volume is 125.188 billion US dollars, a year-on-year increase of 3.16%, of which the cumulative export of textiles is 74.103.3 billion US dollars, with a year-on-year increase of 27.81%.

Despite the rapid growth of textile exports driven by the surge in the export of anti epidemic materials such as masks, the overall consumption confidence of the international market has continued to decline, and the consumption capacity has declined significantly. The export situation of clothing, home textiles, shoes and hats and other terminal fields is still not optimistic, among which the export of China's clothing products continues to decline. According to the customs data, from January to June 2020, China's accumulated clothing exports amounted to US $51.084 billion, a year-on-year decrease of 19.39%, still continuing the downward trend, accounting for 40.8% of the total textile and clothing exports in the same period.

Xia Ting, an analyst at the business agency, believes that in the background of the textile off-season, the loom start-up rate is only reduced, and the demand for raw polyester filament is gradually weakening, resulting in the continuous accumulation of polyester filament inventory, and high inventory has become a common problem. The overall inventory of polyester Market is concentrated in 29-39 days, with specific products, including POY inventory of 9-15 days, FDY inventory of 20-27 days, and DTY inventory of 29-39 days Right. Recently, PTA of raw materials is running warmer, but under the pressure of supply and demand, the upward force is expected to be limited. Near the end of the month, the downstream purchase intention is enhanced, and the bottom copy and replenishment are positive. Under this boost, it is expected that the trend of polyester filament price center in the short term will be stronger, mainly finishing.