Good sales, low inventory……For polyester manufacturers, it is all about profits in the end. High profitability has always been the label of polyester filament this year, but recently, the profits of various polyester products have been gradually declining.
The profit shrinkage of various polyester filament products is largely due to the cost pressure of upstream raw materials.
Since the beginning of the year, oil prices have been significantly boosted by news of the geopolitical crisis, coupled with the gradual improvement in fundamentals , the polyester raw material market rarely ushered in strong price support and gradually recovered from the early trough. Although the polyester upstreamPTAmarket was once suppressed by the increase in supply, with thePTA<font face= Frequent changes in equipment, especially the recent sudden maintenance of a large-scale equipment with 120 120 in Ningbo, have made the originally nervous PTA<font face="Calibri" The supply impact has escalated again. In addition, under the favorable support of the crude oil side, recently PTAThe spot price is strong, and the futures performance is also good. In terms of ethylene glycol, it has been in a continuous upward trend in recent months, mainly due to the boost from tight supply.
AlthoughIn addition to the pressure of low profits, polyester filament yarn butInrecentlyPTA futures and other market trends Driven by good conditions, the trading atmosphere in the polyester filament market is relatively lively, with production and sales volume increasing, especially POYproduct shipments are concentrated, In recent times, production and sales have exceeded 100.
Driving by several rebounds in production and sales, polyester manufacturers are under inventory pressure According to the release, according to statistics from China Silk City Network, the current overall polyester market inventory is around 5-17days; among which POYInventories are concentrated at4-8tian level, FDYIn stock until 2-6Days are nearby, and DTY is in stock until 13-24 font>around the sky.
Lightly packed Going into battle will undoubtedly give polyester manufacturers the confidence to increase prices in the future.
Secondly, although the current terminal fabric market It is expected to gradually enter the off-season, but in the short term, the start-up of weaving manufacturers will still remain at a high level. Under the support of rigid demand, the demand for polyester filament is still supported.
Cost factors will once again become the focus of filament factory price increases
Under the cost of upstream polyester raw materials, the downstream polyester market is better, and the chemical futures sector is generally preferred. And PTAfus long funds have returned strongly again, and it is expected that the short-term PTA market will be Maintain the bullish trend.
And as early as PTAbefore it rose , the polyester filament manufacturer said: Don’t blame me every day.The price is high and the cost is high. In fact, I really don’t make that much money! However, the continuous rise of PTA is bound to increase the cost of polyester factories and also lead to factory price increases. another focus of attention.
In general, the geopolitical crisis in oil-producing countries is a real benefit to oil prices and may support the rise of crude oil in the short term. More importantly, the simultaneous rise of raw materialsPTAand ethylene glycol has highlighted the current cost pressure on polyester manufacturers. I heard that polyester manufacturers will hold another meeting today4+2meeting, polyester factories have a strong intention to raise prices. It is expected that in the short term, the market price of polyester filament may be stable with an increase. It is recommended to purchase if you just need it!
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