Price trend

According to the Commodity Market Analysis System of SunSirs, on the 15th, the mainstream polyester filament factories in Jiangsu and Zhejiang Province quoted POY (150D/48F) at 7,000-7,400 RMB/ton, polyester DTY (150D/48F low elasticity) at 8,400-8,900 RMB/ton, and polyester FDY (150D/96F) at 7,500-7,800 RMB/ton. In early October, driven by favorable costs, there was some upward trend, but downstream demand did not show significant improvement. The filament market was sluggish in the middle and late months, and the gains at the beginning of the month were gradually consumed. The polyester filament market was not prosperous during the peak season of September and October.

Analysis review

In terms of cost, in November, under the influence of international oil prices, some polyester companies gradually opened up prices and began to slightly reduce prices last weekend. Although the price reduction was not significant, it may become the beginning of the original trend for a period of time in the future.

In terms of supply and demand, after entering November, due to the influence of temperature factors, the order situation did not show a significant decline. Overall, downstream still had strong support for polyester filament, but weaving enterprises still held a cautious attitude towards raw material procurement. The market had a strong wait-and-see sentiment, with few spot transactions and light production and sales of polyester filament.

From the perspective of foreign trade export data, in October, China's textile and clothing exports reached 25.48 billion US dollars, a year-on-year increase of 11.9%. Among them, textile exports amounted to 12.39 billion US dollars, a year-on-year increase of 16.1%; Clothing exports amounted to 13.09 billion US dollars, a year-on-year increase of 8.1%. There has been a significant increase in exports to the United States, including market forecasts for the outcome of the US election. These demands will provide support for polyester raw materials in the short term.

There was a strong wait-and-see sentiment in the market, with few spot transactions and light production and sales of polyester filament. The average production and sales of polyester were 34.3%.

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