According to the price monitoring of the business agency, the market price of polyester filament maintained a downward trend in the first half of this week, and stabilized in the second half week. Among them, the price of polyester POY slightly recovered. As of September 25, the average market price of polyester POY (150D / 48F) was 5156 yuan / ton, which was flat on a week-on-month basis, with a year-on-year decrease of 34.12%.
| POLYVINYL ALCOHOL |
Average price rise and fall of polyester filament Market from September 18 to 25, unit: yuan / ton
On September 18, 2020 to September 25, 2020, the products were up and down on a weekly basis
Polyester POY (150D / 48F) 5156 5156 0.00% – 34.12%
Polyester FDY (150D / 96F) 5581 5565 – 0.30% – 29.69%
Polyester DTY (150D / 48F low elasticity) 6613 6576 – 0.57% – 29.53%
In the traditional sales peak season of “Jinjiu Yinshi”, the polyester factory is in a disadvantageous situation of loss and high inventory, and the weak terminal demand leads to the insufficient quality of “Jinjiu”. The overall inventory of polyester market is concentrated in 35-43 days, of which POY inventory is 13-17 days, FDY inventory is around 24-35 days, and DTY inventory is about 32-43 days. Near the National Day holiday, the performance of the demand side began to improve in the second half of the week. The average production and sales of major polyester factories were 110% – 120%, and the production and sales of some better factories could reach 300%. In terms of price, polyester POY of mainstream factories in Jiangsu and Zhejiang increased by 50-100 yuan / ton, of which 150D / 48F) was quoted at 5000-5250 yuan / ton.
In the raw material market, crude oil prices rose slightly, but the spot supply of PTA was still loose, the buying and selling atmosphere was flat, and the price dropped slightly. As of September 25, the average market price was 3401 yuan / ton, down 2.93% on a week-on-month basis, and 33.93% year-on-year. In terms of equipment, 2.2 million tons of Ningbo Yisheng were discharged in the evening of September 17, and 1.4 million tons of Huabin Petrochemical were restored to full load on September 21, and the operating rate increased to above 92%. Zhuhai BP 2.35 million tons PTA plant was shut down in the evening of September 23, and the start-up dropped slightly to 87%. Overall, the supply is still loose, and the inventory is still maintained at a high level of about 4 million tons, and PTA supply pressure is still large in the short term.
| PVA 1799 (PVA BF17) |
Recently, the number of buyers from all over the home textile market of China Light and textile city has increased. The number of orders for online live broadcast counterpart customers has increased. Curtain cloth and decorative cloth continue to interact with each other. The marketing trend of decorative home furnishing fabric with polyester filament as the main raw material is quite optimistic, and the transaction continues to be pushed up. Most downstream enterprises began to increase orders in mid August, autumn and winter. Especially affected by the purchasing action before the National Day festival, the comprehensive starting rate of Jiangsu and Zhejiang looms gradually increased to over 74%. Some downstream polyester factories raised prices to support the market, but the follow-up of downstream orders was insufficient, and the overall order quantity was lower than in previous years.
Xia Ting, an analyst at the business agency, believes that at the end of the month, PTA plant restart and maintenance coexist in the raw material market. Next week, hailun Petrochemical’s 1.2-million-ton PTA plant will be discharged, and Hanbang’s 2.2-million-ton unit is scheduled to be overhauled. In general, the oversupply leads the market, so the cost side is weak. There is still a demand for replenishment in the downstream, but under the pressure of funds, the ability to follow up orders continuously is insufficient, and the industry is mostly pessimistic. Therefore, it is expected that the upward power of short-term polyester filament price is limited.
| PVA |