Price trend

According to the commodity market analysis system of SunSirs, on the 29th, the price center of polyester filament shifted downward. On October 21st, the mainstream polyester filament factories in Jiangsu and Zhejiang, POY (150D/48F), quoted between 7,000-7,400 RMB/ton, polyester DTY (150D/48F low elasticity), quoted between 8,400-8,900 RMB/ton, and polyester FDY (150D/96F), quoted between 7,500-7,800 RMB/ton.

Analysis review

In terms of cost, the spread of pessimistic sentiment suppressed the market and the market buying was poor. According to data from SunSirs, as of October 28th, the average spot price of PTA in the East China region was 4,927 RMB/ton, a decrease of more than 200 RMB/ton compared to October 11th, The sharp drop in international oil prices had caused the cost center to retreat, and the short-term PTA spot market continued to be weak.

In terms of supply and demand, the demand for essential goods remained stable during the traditional peak season. However, with the decline in raw material costs, the terminal market was affected by the mentality of "buying up instead of buying down", resulting in a generally low willingness to purchase and a relative lack of confidence in the subsequent market. The demand side was approaching the end of the traditional peak season, and the factory shipment situation had not improved yet. The operating rate of the polyester industry was around 88%. Some factories of polyester filament had reduced prices for promotion, and the production and sales of polyester filament had slightly rebounded. The average production and sales of polyester are 62.4%. As we enter the end of October, there is no sign of improvement in the textile terminal market, and enterprise inventory may show a trend of accumulation, leading to increased shipping pressure.

Market outlook

Overall, analysts from SunSirs predict that filament enterprises still have a willingness to ship, and will reduce prices and promote sales at the end of the month. In the game of cost and supply and demand, it is necessary to pay attention to the trend of the raw material market and downstream order placement in the future.

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