On July 27, the polyester filament market was stable but weak, and some mainstream factories in Jiangsu and Zhejiang had preferential sales. Among them, polyester POY (150D/48F) was quoted at 7750-8000 yuan/ton, and polyester DTY (150D/48F low elasticity) was quoted at 9300-9600 yuan/ton, polyester FDY (150D/96F) is quoted at 7900-8200 yuan/ton.
In terms of production and sales, the polyester yarn trading atmosphere in the Jiangsu and Zhejiang markets is fierce. The production and sales of mainstream promotional factories are mostly around 200%-300%, and the higher is about 500% in some non-promotion factories. The production and sales of some non-promotion factories are low at around 60%-80%. In terms of inventory, the overall polyester market inventory is concentrated in 15-25 days; in terms of specific products, POY inventory is 12-21 days, FDY inventory is around 15-17 days, and DTY inventory is around 18-27 days.
Raw material PTA market, in terms of supply, a set of 2 million tons of PTA device in East China was shut down on July 24 and restarted on July 26. Another set of 700,000 tons of PTA plant will be shut down on the evening of July 22 and will be scheduled for delivery on July 26. Zhongtai Petrochemical's 1.2 million tons PTA plant plans to shut down recently, and the specific time is to be determined. The overall industry operating rate has dropped slightly and is currently around 80%. Superimposed on the recent "fireworks" typhoon weather in East China, which has affected its transportation, it has exacerbated the contradiction between supply and demand in some areas in the short term. The average spot market price today is 5384 yuan/ton, an increase of 0.10% from the previous day. The main futures contract PTA2109 rose slightly by 0.30% to close at 5360 yuan.
On the demand side, due to the improvement of downstream fabrics in autumn and winter, early stocking and better expectations in the second half of the year, in fact, the weaving side has already begun to bottom out. Although the current operating load rate is at a relatively high level in recent years, the current comprehensive loom in Jiangsu and Zhejiang The operating rate is 79.63%. Currently affected by the typhoon, heavy rain falls in many places in Zhejiang, and the downstream textile terminal production activities are restricted.
Towards the end of the month, and with the launch of autumn orders in the textile market, the purchasing atmosphere for raw materials has improved. However, currently affected by the typhoon, market buying in Zhejiang and other regions has relatively weakened. Cost support is limited and downstream demand is general. In the short term, polyester filament prices are expected to be cautious and stable.
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