Terminal Weaving Orders Warmer September Polyester Filament Market Trend Warmer Operation

According to the price monitoring of business associations, the market price of polyester filament in August showed a first decline and a slight rebound, and the overall decline trend, of which polyester POY decreased more obviously. As of August 28th, the average price of polyester POY (150D/48F) market was 7746 yuan / ton, down 2.62% from the beginning of the month, down 33.17% from the same month. The average market price of polyester DYT (150D/48F low elastic) was 9173 yuan / ton, which was 1.42% lower than the beginning of the month, and 29.07% compared with that of the first month. The average price of polyester FDY (150D/96F) market was 7980 yuan / ton, which was 0.85% lower than the beginning of the month, decreasing by 31.24% over the same period.

The current round of decline is mainly affected by the bad price of raw materials. PTA has been weakening since July. As of August 28th, the average price of the domestic PTA spot market was 5232 yuan / ton, down 5.34% from the beginning of the month, down 43.90% from the same period last year.

Recently, a number of PTA devices have been restarted, and the load of PTA has risen to more than 94%. Including Ningbo Yisheng, Li Wan polyester and other devices restart, the market worried about the supply side gradually warming, resulting in price "stumbling", on August 23, a new low of 5208 yuan / ton, compared with the beginning of the year fell 15.15%, compared with the highest point in the year (July 2nd) 6991 yuan / ton fell 25.49%. But demand has been improved, and the current price is low.

With the arrival of the autumn and winter procurement season, the terminal weaving orders have been warmer. Under this support, the price of polyester filament has stabilized. Downstream river Zhejiang and Zhejiang looms comprehensive boot rate rebounded 75%. But this year, under the guidance of policies and information such as environmental protection and safety supervision, factories are generally affected by environmental protection inspections. In addition, influenced by the recent raw material shock adjustment, the wait-and-see sentiment is strong in the lower reaches, and the enthusiasm for purchasing is not high.

Xia Ting, a business analyst, believes that the lack of support for the cost side and the wait-and-see mentality in the lower reaches of the market have led to a lack of confidence in the polyester filament market. From the market outlook, the pre maintenance devices are being restarted, and the raw material PTA starts to load at a high level, and there will be a new installation plan, including the 2 million 200 thousand tons of new Feng Ming in September and the commissioning of the 2 million 500 thousand tons of new equipment of Hengli (Dalian). It is expected that the supply side will pressurized the PTA market in September or will continue the trend of weak shocks. Near the "golden nine silver ten" autumn and winter fabric procurement season, the terminal weaving industry started a slight increase in the industry, and there is still some expectation for the traditional peak season. However, if the tax rate increases and the export cost increases in September, export orders will shrink. On the whole, driven by demand, the trend of polyester filament Market in September will be better than that in August.