“Today, the quotations for some products such as Tongkun flat yarn and 300D have been increased by 100 yuan/ton!”
“Today, the quotations of some Shenghong products have increased by 50-200 yuan/ton!”
“Xinfengming Flat POY rose by 100 yuan/ton!”
…
Unexpected! Polyester filament, which was still sluggish and falling in the past few days, has once again risen even if it is said to be going up; in particular, some POY manufacturers have changed their previous preferential measures and have raised their quotations to 50-200 yuan/ton.
I wonder how many textile bosses’ “glasses” this price increase of polyester filament has broken?
Looking back at the polyester filament market in April, I believe it can only be described as a “troubled period”. Polyester prices have experienced both fire and ice. At the beginning of the month, the polyester market continued the downturn in March. Just after the Qingming Festival, the polyester filament market experienced a “rebound” market. This round of rising prices unexpectedly lasted for nearly half a month. However, the good times did not last long. The polyester filament market suddenly changed and began to fall. As the author felt that the polyester filament had been falling for several days, I should write an article to discuss with everyone the reasons for this polyester price drop. Wait, imagine a question such as “Unexpectedly, polyester filament actually fell?” Is it possible that we are about to start going downhill again? 》… As a result, the polyester filament actually “swelled”, silently indicating that it had been internally injured.
In this case, let’s discuss the influencing factors of this polyester filament price increase! (A little aggrieved, it seems that the previous outline can only be scrapped)
This time the price of polyester filament, especially POY products, has increased. In fact, the most direct reason is the convening of the POY 4+2 Alliance meeting. According to reports, a polyester filament POY supply-side discussion meeting was held in Shengze on the 26th. The current situation was analyzed at the meeting. Although the upstream polyester raw materials are currently weak and volatile, the bottom structure is gradually formed, and the downstream weaving market and texturing machines The startup rate is at a high level during the year. At the meeting, everyone expressed that they must work together to maintain the hard-won good situation. Now that the six major manufacturers have reached a consensus, it is inevitable that polyester filament prices will rise today. However, it is still difficult to determine how long this price increase can last based on the spirit of the meeting.
From the author’s point of view, this increase in polyester filament prices cannot be groundless. The confidence of these polyester manufacturers in analyzing the current situation is actually well-founded.
The first point is that the operating rate of the downstream weaving market is generally high in the recent stage. Judging from the data monitored by our China Silk City Network, the operating rate of the weaving market in Jiangsu and Zhejiang regions has rebounded significantly in mid-April. It is reported that the current average operating rate of the market has increased to around 82.5%; among which, the operating rate in Shengze region has increased significantly. The operating rate is relatively strong, concentrated at 80% to 90%. In Changshu area, it has increased from 50% to 60% to around 70%. In Xiaoshao area, the operating rate has increased from below 70% to 70% to 70%. As the operating rate of the downstream weaving market increases, there is bound to be demand for the procurement of polyester raw materials.
Secondly, it is currently at the end of April and the eve of May Day. For the downstream weaving market, there is not only the demand for invoices at the end of the month, but also the demand for low-price stocking before the holidays. In addition, the current low level of polyester yarn prices. Regardless of the aspect, it stimulates the enthusiasm of weaving manufacturers for purchasing and increases certain market production and sales.
On the other hand, the upstream polyester raw material market, which has been confusing in recent days, naturally drives the polyester market. After six consecutive trading days of decline, international oil prices finally showed signs of a slight rebound. New York crude oil June futures rose $0.33 to close at $49.56/barrel; Brent June futures rose $0.5 to close at $49.56/barrel. US$52.10/barrel. In addition, the upstream polyester raw material PTA and the rebound in ethylene glycol prices have boosted the polyester yarn market. In the past three trading days, the intraday quotation in the ethylene glycol market has increased by 140 yuan/ton to 5860 yuan/ton; There are also signs of improvement as equipment maintenance increased in the second quarter.
Generally speaking, the effect of the conference on the polyester filament market is short-term and effective. If the price of polyester yarn is to be further increased in the future, in the final analysis, it still requires the cooperation of the upstream and downstream supply and demand links.
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