According to the Commodity Market Analysis System of Shengyi Society, the focus of polyester prices has been partially raised today. As of August 27th, the mainstream polyester filament factories in Jiangsu and Zhejiang, POY (150D/48F), quoted at 6800-6950 yuan/ton, polyester DTY (150D/48F low elasticity) at 8000-8150 yuan/ton, and polyester FDY (150D/96F) at 7000-7200 yuan/ton.
The price of polyester filament has shown a stable but rising trend recently, and many mainstream production enterprises have raised their quotations. Since the beginning of August, the polyester filament market has entered a continuous price increase mode. On August 11th, 12th, 13th, 20th, 21st, and 26th, mainstream enterprises announced a price increase of 50 yuan/ton, directly promoting the steady upward trend of market quotations.
Cost support: The main raw material PTA has been operating at a strong price recently, with current market prices around 4850-4870 yuan/ton. The strong price of PX provides support for PTA, while multiple PTA production companies have announced maintenance plans, and it is expected that supply will tighten. These have all supported the price of polyester filament from the cost side.
On the supply side: Previously, mainstream production enterprises had joint production cuts to maintain market order by regulating the supply scale, which to some extent eased the supply-demand contradiction and supported prices.
On the demand side: The downstream weaving start-up rate has slightly rebounded recently. At the same time, the traditional peak consumption season of “golden September and silver October” is approaching, and the market is looking forward to the recovery of demand in the future, especially in niche markets such as Oxford cloth and luggage cloth, which have performed well. In addition, the extension of the window period for some tariff rates imposed by the United States on China by 90 days has also boosted expectations for foreign trade exports to a certain extent. Mainstream production enterprises have a strong willingness to raise prices.
Inventory level: The inventory pressure in the industry has recently eased. As of recent data, POY inventory is around 22 days, FDY inventory is around 25 days, and DTY inventory is around 34 days, indicating an overall improvement in inventory structure compared to the previous period. The decrease in inventory has also provided some support for prices.
Business Society believes that cost support is expected to remain strong, coupled with traditional peak season demand expectations and enterprise willingness to raise prices. These factors may continue to drive prices upward, and there is a high possibility of strong fluctuations in polyester filament prices in the short term. It is still necessary to pay attention to the actual recovery of downstream demand.
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