Price trend
According to the Commodity Market Analysis System of SunSirs, on the 29th, the mainstream polyester filament factories in Jiangsu and Zhejiang Province quoted POY (150D/48F) at 6,800-7,200 RMB/ton, polyester DTY (150D/48F low elasticity) at 8,100-8,500 RMB/ton, and polyester FDY (150D/96F) at 7,100-7,400 RMB/ton..
Analysis review
International oil prices have been rising for several consecutive days, and cost side support has strengthened. However, downstream market order follow-up was poor, and demand for filament was very limited. With the gradual accumulation of filament inventory, the willingness of enterprises to ship has increased, and mainstream manufacturers were offering discounts to ship. The market transaction center has declined, but downstream weaving enterprises have sufficient raw filament inventory and obvious lack of purchasing enthusiasm. Since November, the domestic supply of PTA has increased, with a total of over 10 million tons of PTA plants being restarted one after another, and the current industry operating rate is close to 90%. The new PTA production capacity of 2.7 million tons in the East China region was also about to be put into operation, and the PTA supply was still abundant, which was bearish on spot prices. As of November 27th, the average market price in East China was 4,783 RMB/ton, a decrease of 2.39% from the beginning of the month.
Market outlook
Overall, the overall performance of terminal textiles was poor, with domestic autumn and winter orders coming to an end and insufficient enthusiasm for raw material stocking. The demand for foreign trade orders still exists, but it has narrowed compared to the same period last year. There is no significant positive boost in the filament market, coupled with increasing supply pressure, and it is expected that the polyester filament market will remain stagnant in the short term, with fluctuations ranging from 50-100 RMB/ton.
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