According to the Commodity Market Analysis System of Shengyi Society, the price of domestic polyester filament has declined this week. Currently, the mainstream polyester filament factories in Jiangsu and Zhejiang, POY (150D/48F), offer prices of 7400-7600 yuan/ton, polyester DTY (150D/48F low elasticity), offer prices of 9000-9200 yuan/ton, and polyester FDY (150D/96F), offer prices of 8000-8200 yuan/ton.

In early August, the inventory pressure of polyester factories increased and price promotions were launched. In mid to late August, downstream users showed a strong downward trend, and the polyester filament market had light trading with sparse actual transactions. The overall inventory of polyester market is concentrated in 12-24 days.

In terms of raw materials, the PTA internal price has dropped from the highest point of 6110 yuan/ton to the current 5350 yuan/ton; The price of ethylene glycol in the inner plate has dropped from the highest of 4820 yuan/ton to the current 4585 yuan/ton. The limited cost support is the fundamental reason for the decline in filament prices.

Overall, the recent market trend of polyester filament has shown a downward adjustment in prices, and the future development of the market will be influenced by various factors, including raw material prices, market supply and demand, export situation, and policy environment.

1、 Price trend

Taking the sulfuric acid method gold red stone titanium dioxide with a large volume of goods in the domestic market as an example, according to data monitoring by Business Society, the average price of titanium dioxide in the domestic market this week was 15816.67 yuan/ton, and the market is temporarily stable.

2、 Market analysis

The domestic titanium dioxide market is temporarily stable this week. The price of titanium concentrate on the raw material remained stable at a high level, while the price of sulfuric acid increased slightly. The production cost pressure of titanium dioxide is still significant due to the influence of raw materials. This week, the manufacturer’s quotation is mainly stable, while the trader’s quotation is relatively flexible. The overall trading situation in the market is light, with limited new transactions. As of now, the domestic quotation for sulfuric acid based pyrite type titanium dioxide is mostly between 15400-16300 yuan/ton; The quotation for rutile titanium dioxide is around 14200-15000 yuan/ton. The actual transaction price is negotiable.

In terms of titanium concentrate, the market price of titanium concentrate in the Panxi region is currently stable. At present, the spot prices in the market are relatively stagnant, and the price of titanium ore is running at a high level. Downstream titanium dioxide enterprises are generally in the market, and they are more cautious about titanium concentrate, with a focus on urgent needs and cautious procurement. As of now, the price of 38-42 grade titanium ore without tax is around 1620-1650 yuan/ton, the price of 46 grade 10 titanium concentrate without tax is around 2280-2300 yuan/ton, and the price of 47 grade 20 titanium concentrate without tax is around 2400-2500 yuan/ton. In the short term, the price of Panxi titanium concentrate continues to operate at a high level, and the specific transaction price will be discussed on a case by case basis.

3、 Future forecast

The titanium dioxide analyst from Shengyi Society believes that the domestic titanium dioxide market is basically stable this week, and trading on the market is relatively flexible. This week, the price of titanium concentrate has been running at a high level, while the price of sulfuric acid has slightly increased, putting pressure on the cost of titanium dioxide. Downstream market demand is light, so we should be cautious and cautious in trading. It is expected that the market will remain stable in the short term, with actual transaction prices subject to negotiation.

Recently (8.14-8.21), the dichloromethane market did not continue its upward trend but instead declined. According to the Commodity Market Analysis System of Shengyi Society, as of August 21, the average price of dichloromethane bulk water in Shandong Province was 2660 yuan/ton, a weekly decrease of 5%.

The cost of raw materials has slightly increased, with methanol slightly weakening and liquid chlorine prices recovering this week; The operating rate of methane chloride plants has slightly decreased, and the price of dichloromethane rose to a high level last week. The demand side has a strong wait-and-see attitude, and the market transaction atmosphere is weak. The extent of enterprise inventory reduction is not significant, and factory quotations have slightly declined. As of August 21st, the ex factory price of mainstream dichloromethane in Shandong region is around 2620-2700 yuan/ton.

On the supply side, the domestic production of methane chloride has slightly decreased, and some units are operating at low loads and undergoing maintenance.

In terms of raw materials: Recently, the raw material methanol has continued to fluctuate weakly. According to the commodity market analysis system of Shengyi Society, as of August 21, the spot price of methanol was 2430 yuan/ton, a decrease of 3.19% from the beginning of the month. The demand for liquid chlorine in the market has increased, and prices have recently been raised.

In terms of demand, solvents are the main use of dichloromethane. Currently, there is a strong wait-and-see sentiment in the market, and the market transaction atmosphere is weak. Downstream refrigerants are produced according to quotas and are urgently needed for procurement. In July, China’s dichloromethane export volume was 6145.31 tons, a decrease of 51.8% compared to June. Foreign trade demand weakened and domestic inventory accumulated.

Business analysts believe that weak demand and high inventory levels among enterprises have led to a slight decline in short-term prices.

1、 Price trend

According to data monitored by Shengyi Society, as of August 20th, the average quotation price of domestic high-quality DMF enterprises was 3970 yuan/ton. This week, the DMF market price has been mainly in a narrow downward trend, with a price drop of 0.25% compared to the same period last week. Currently, the overall market center of gravity is running at a low level, with the mainstream market price of around 3900 yuan/ton. The overall market supply and demand are balanced, with enterprises mainly offering discounts and taking orders. Downstream demand is weak, orders are slow, and manufacturers are actively shipping.

2、 Market analysis

This week, the overall market price of DMF has been weak, with a slight decline in prices. Currently, downstream demand is weak, and overall market shipments are slow. The mainstream price range is 3900 yuan/ton, and manufacturers are offering discounts and taking orders with a cautious wait-and-see attitude. Downstream essential purchases are the main focus, and currently DMF cost side support is insufficient. Recently, there have been reports of maintenance from most manufacturers, and prices are trending upwards. Operators are adopting a cautious wait-and-see attitude.

3、 Future forecast

DMF analysts from Shengyi Society believe that downstream demand for DMF is weak, but recently there have been continuous reports of DMF enterprise maintenance. DMF has some support on the cost side, and it is expected that prices will operate narrowly and strongly in the short term.

August is already halfway through, and the off-season atmosphere in the textile market continues in the yarn and downstream markets. Last week (August 12-18), the viscose staple fiber market remained stable, with little price change. The market for raw material dissolution pulp remains stable, with cost support remaining. The demand in the end market is still light, and yarn manufacturers are following up on demand. The demand side performance is average, and the speed of on-site shipment is average. Many operators adopt a cautious and wait-and-see attitude.

Price trend of viscose staple fiber

According to the Commodity Market Analysis System of Shengyi Society, the price of adhesive short fibers remained stable last week (August 12-18). As of August 18th, the domestic factory price for 1.2D * 38mm adhesive short fiber is 13500 yuan/ton, which is the same as the previous week’s price. Compared to the beginning of the year, the price of 12900 yuan/ton has increased by 4.65%.

Cost side support still exists

The upstream raw material end main material dissolution slurry market is strong and stable. As of now, the price of domestic dissolution slurry is around 7800 yuan/ton, the price of external broad-leaved slurry is around 960 US dollars/ton, and the price of coniferous slurry is around 1040 US dollars/ton. The prices of auxiliary materials in the market have fluctuated, with prices in the upstream main raw material dissolution slurry market and sulfuric acid market remaining firm and stable. The liquid alkali market has experienced a narrow decline, while the adhesive short fiber market still has support.

Low inventory, still available supply

The pre maintenance equipment of the adhesive short fiber market has resumed normal operation, and most manufacturers’ equipment is running stably. The on-site operating rate is at a high level, and the current daily operating rate of the industry is around 83.72%. However, with the gradual delivery of orders from manufacturers in the early stage, the tight supply on site has been alleviated, and the inventory levels of various adhesive short fiber manufacturers are still at a low level. The performance of the supply side is still acceptable.

The demand side still appears sluggish

The transaction atmosphere in the downstream cotton yarn market is flat, and prices are stagnant and consolidating. As of August 18th, the average ex factory price of human cotton yarn (30S, ring spun, first-class product) is 17375 yuan/ton. The end market is still in the off-season of demand, and downstream yarn manufacturers have insufficient new orders. The overall operating rate of the industry is not high, and most yarn factories replenish their inventory to maintain normal machine operation. The demand side performance is average, and the new round of signed orders on site will last for about a month.

Future forecast

The raw material market remains strong and stable, with continued positive support from the cost side. The market supply is at a high level, and some manufacturers have eased their supply shortages. Downstream enterprises have average purchasing power, and multidimensional demand for goods is high. It is currently the off-season for textiles, and downstream demand for adhesive short fibers is unlikely to show significant signs in the short term. There are both positive and negative factors in the market. Overall, it is expected that the adhesive short fiber market will mainly maintain stable operation in the short term, with limited price fluctuations, and the price is expected to be in the range of 13500-13600 yuan/ton.