Price Quotation: Favorable Cost Support Of Polyester Filament In June

According to the price monitoring of the business agency, the market of polyester filament in 6 domestic markets is fluctuating and warm. Among them, the quotations of polyester POY (150D / 48F) of mainstream factories in Jiangsu and Zhejiang are 7350-7500 yuan / ton, that of DTY (150D / 48F) is 8750-9100 yuan / ton, and that of polyester FDY (150D / 96F) is 7700-7900 yuan / ton.

Market average price rise and fall of polyester filament, unit: yuan / ton

The PTA market showed strong performance in June. As of June 30, the average price of domestic PTA market was 5105 yuan / ton, which was 7.15% higher than that at the beginning of the month, and 41.14% higher than that at the beginning of the month. The focus of crude oil price continued to move upward, driving the prices of chemical products to rise simultaneously. In terms of supply and demand, PTA maintenance units have been restarted, and the new units have been put into operation. However, after the supplier announced the contract supply reduction, the spot liquidity is still tight. In addition, pta7 - August maintenance devices are still too much, facing the pattern of de stocking. Driven by multiple factors, the raw material end will maintain a strong trend.

The terminal demand was weakened for a time, the sea freight soared, the exchange rate increased, and the traditional textile market was affected by the off-season, which hindered the market circulation, and the terminal demand has not improved. The raw materials purchased by the weaving factory in the early stage have not been consumed. At present, the purchase of multi-dimensional rigid demand makes it difficult to realize turnover under the pressure of funds, and the enthusiasm for purchasing raw materials is still not high, which makes it difficult for the polyester factory to continue to increase its volume. Fortunately, some weaving areas have optimistic expectations for the future market, which makes the factory still reduce its inventory through price reduction and promotion, So as to reduce the pressure of inventory and cash flow.

Analysts of business agency believe that under the background of rising oil price and PTA maintenance expectation, PTA will still face de Stocking Pattern even if the new unit is put into operation on schedule, and the price will undoubtedly remain firm. However, with the gradual increase of temperature, most regions start power rationing policy. By then, local downstream weaving enterprises may start to operate or further decrease, and polyester filament factory inventory may increase. Weak demand may drag down the polyester market, so in a comprehensive view, the price in July will be weak.