Rising, rising, rising…Polyester filament finally got rid of it this time The “one-day tour” market has ushered in a wave of price increases with great pride. After some products have risen slightly for many days, polyester manufacturers have gradually increased their prices in the past two days, and it is quite common for the prices of various products to rise by 100-300 yuan/ton.
Just last Friday (March 1), stimulated by the sharp rise in international oil prices and PTA futures, the trading atmosphere in the polyester filament market in Jiangsu and Zhejiang was heated that day. Overall production and sales have thus been significantly boosted. According to statistics, the average market production and sales of mainstream manufacturers in Jiangsu and Zhejiang areas surged to about 180% that day, and some even reached 200% and 300%. However, in the next two trading days, market production and sales dropped sharply, and the production and sales of some manufacturers were only 50% or lower.
Is the polyester filament market a “flash in the pan” again?
On March 4, as the PTA market surged again, the transactions of polyester manufacturers were booming again, and production and sales rebounded further; the average production and sales of mainstream manufacturers in Jiangsu and Zhejiang increased sharply to Around 170%, and some better ones reach 200%, 350%, and 400%.
As a result, this wave of polyester filament price increases, production and sales has officially begun, and the enthusiasm for chasing the increase in the downstream weaving market has also increased. It is reported that after polyester manufacturers raised prices in early trading on the 6th, the market transaction atmosphere was hot. In the afternoon, some manufacturers raised their quotations again, and there were even rumors of closures; some production and sales on that day, such as POY, were 150%, 280%, 200%, 280%, 200%, some FDY is 180%, 180%, 200%, 120%, 200%, some DTY is 200%, 180%, 130%, 80%, 160%.
The polyester filament market is ushering in the “Golden Three” market. In the final analysis, it still benefits from the cost support of upstream raw materials and the boost from downstream market purchases!
1. The demand is gradually verified, and the market outlook may be further expanded
Judging from various signs, the start-up of the weaving market demand this year has been gradually verified; the market start-up also continues to rise. The current start-up rate of water-jet and air-jet looms in Shengze area At 8-90%. Judging from the current shipments and inventory conditions of major manufacturers, most textile companies have many orders on hand to execute. Whether it is domestic sales or foreign trade, the market is still seeing orders being placed one after another, and it is developing well. With the arrival of gold, silver and gold, the market demand for spring and summer thin fabrics will be further amplified, and sales of imitation silk, imitation memory and other fabrics may continue to rise.
It is understood that a trader in Changxing has received orders for more than 5 million meters after the New Year, which is not weaker than the same period last year. According to the current order volume, even if he does not accept orders , it can be guaranteed after March, not to mention that the market is recovering and there will be orders in the future, so the pressure in the first half of the year will not be great. Mr. Wang, another simulated silk manufacturer in Shengze, also said that the demand for simulated silk products is currently heating up. Manufacturers are busy receiving and shipping orders every day, and orders can be maintained until at least early April. In addition, it is reported that dyeing factories in Hebei, Zhejiang, Guangzhou and other places are already queuing up gray fabrics to enter the factories, which is sending a positive signal to the market.
2. PTA futures have risen strongly, and the spot price has risen steadily
Boosted by the good news from all parties in the market, the PTA futures market has risen strongly in recent days. The spot market has also climbed steadily, following the trend higher. As of March 7, the main 1905 contract of Zhengzhou Commercial Exchange PTA futures closed at 6,724 yuan/ton, a significant increase of 390 yuan/ton, or 6.16%, compared with the settlement price on the 28th of last month.
The current PTA spot market quotation has risen to about 6750-6830 yuan/ton, and transaction negotiations have increased to around 6670-6730 yuan/ton. Yisheng Petrochemical PTA’s main port self-cash quotation has been raised, the internal spot listing price has increased by 150 yuan/ton to 6850 yuan/ton, and the US dollar selling price has increased by 10 US dollars to 890 US dollars/ton. Hengli Petrochemical’s PTA main port self-delivery U.S. dollar quotation has increased: its internal selling price is now concentrated at 7,000 yuan/ton for main port self-collection, and the U.S. dollar selling price has increased by 20 US dollars to 880 U.S. dollars/ton.
Although some market participants believe that it is difficult for PTA to get out of last year’s bull market, in the short term, it does provide a boost for the rise of polyester filament prices; of course, the recovery of downstream market conditions and the recovery of demand are also top priorities. . As the production and sales of polyester manufacturers improve, the early high inventory pressure has also been alleviated to a certain extent. The “Golden Three” market seems to be coming as promised! How long can the market expect its sustained performance?
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