How Will The Trend Of Polyester Filament Rise And Stabilize?

Last week, the average price of polyester filament market rose, but the overall market was rising steadily.

Hengli PX new projects to achieve full process in the full moon, to a certain extent, to suppress the confidence of participants in the market, PTA futures and spot overall weak shocks.

Another raw material MEG port high inventory has not yet been substantially digested, and the market is still facing a strong sell-off.

The upstream raw materials have a negative impact on the market of polyester related products, plus the addition of raw materials to the terminal, the production of raw materials in polyester factories are generally falling down, and the overall market of polyester filament market is stabilized. So what will happen this week?

Raw materials or continue to shock

The short-term supply of PTA market has increased, which is the main reason for the recent market downturn.

The cost end PX price continues to be high and volatile. However, in the early days of the downstream market, the polyester market has been overdrawn and the market demand has been overdrawn.

Although there are more PTA reboot devices in the near future, the PTA centralized maintenance device will also increase at the end of March, and the supply is expected to tighten.

It is expected that the price of PTA will show strong trend in the future market. We still need to continue to pay attention to the progress of PTA maintenance and downstream demand.

In terms of MEG, the main container port in East China has a high inventory level, though there is a slowdown, but the pressure is greater. The downstream polyester start-up load is stable, raw materials are mostly stocked with execution contracts, the market spot digestion is limited, and production and marketing are not good enough, so as to suppress the market and get better at 5175 yuan / ton.

Overall market stabilization

Last week, polyester production and marketing were weak, and some pet factories began to cut prices to make production and sales rebounded. However, the demand for terminals was not good. The factory still dominated raw material consumption, but after Friday, the overall production and sales rebounded. The average production and sales of the mainstream manufacturers in Jiangsu and Zhejiang provinces rose to 160-180%, and some of the higher manufacturers reached 300% or 350%. But whether the whole plant could continue, it still needed to wait and see.

Inventory, because the polyester market overall production and operation well, the pressure on the inventory of manufacturers has been reduced.

Today, the overall market of polyester market is around 19-25 days. In terms of specific products, POY stocks are concentrated in 13-18 days, and FDY stocks are close to 16-22 days, while DTY stocks are about 24-30 days.

In summary: this week, polyester filament market market or stable and weak operation.

The reduction in supply caused by Saudi Arabia's output reduction obviously boosts the current oil price. The US sanctions against Iran and Venezuela exacerbate the current situation of oil market supply reduction, and there is room for further increase in international oil prices.

However, at present, the focus of the industry is on whether the new capacity of Hengli Petrochemical 2 million 250 thousand tons / year can achieve PX output in March 20th.

On the other hand, the production and sale data of polyester filament market are difficult to rise effectively due to the abundant stocking and weaving factories in the downstream.

(source: Zhuo Chuang information, business association)