Report from the front: On March 30, the production and sales of mainstream polyester filament manufacturers increased. Among them, the production and sales of some POY were 300%, 280%, 100%, 100%, 100%, and 150%; some FDY was 100%, 100%, 70%, 80%, 200%; some DTYs are 80%, 100%, 110%, 130%, 70%, 80%.
On March 31, the production and sales of mainstream polyester filament manufacturers increased again, especially those of promotional manufacturers. Some POY production and sales were 400%, 150%, 100%, 150%, and 120%; some FDY were 90%, 50%, and 80 %, 130%; some DTYs are 117%, 150%, 90%, 100%, 80%.
Although the production and sales of polyester filament yarn have not been in a state of rapid growth in the past two days, compared with the previous sluggish production and sales, there are gradually signs of improvement in recent days. Boosted by positive production and sales, on April 1, some POY manufacturers began to have room for upward adjustments in quotations of 50-100 yuan/ton. Can polyester filament finally feel proud?
Pros 1. International oil prices have made a good turnaround
In recent days, the most powerful one has been the source of polyester – international oil prices. Due to the easing of investors’ concerns about oversupply in the crude oil market, as well as news that the crude oil production reduction agreement may be extended, Libya’s supply was unexpectedly interrupted and other positive boosts; the price fell. Crude oil, which continues to gain momentum, has made a “turnaround.” After rebounding on the 28th, international oil prices continued to rise for four trading days; as of the 31st, WTI crude oil May futures rose to 50.60 US dollars per barrel, with a cumulative increase of 5.67% during the week, and Brent crude oil May futures It closed at US$52.83/barrel, a cumulative increase of 5.3% during the week.
Good news 2: PTA and ethylene glycol are showing signs of recovery
In fact, the polyester filament market continues to be weak in the early stage, which is also subject to the cost suppression of the upstream raw materials PTA and ethylene glycol to a certain extent. After experiencing the early sharp decline, the room for PTA and ethylene glycol to fall is limited; especially in recent days, with the favorable fundamentals and the boosting effect of international oil prices, both PTA and ethylene glycol have fallen. The market has obviously eased and there are signs of recovery. It is understood that the current spot price of PTA is mostly around 4,950 yuan/ton, while the internal price of ethylene glycol is concentrated around 6,220 yuan/ton.
Benefits 3: The weaving market must have urgent needs for procurement
Whether the polyester filament market can start the “price increase” mode, demand must be the top priority. In fact, the author previously wrote in “After a huge drop of a thousand yuan, it finally rose a bit!” Polyester filament: is it a real rise or a false rebound? “It is mentioned in the article that for downstream weaving manufacturers, there is more or less a mentality of buying up and not buying down; when the price of polyester filament is low, many weaving manufacturers are afraid of losing money and dare not stock up in bulk. It is to wait and see cautiously and restock small orders. However, after this period of raw material consumption, the textile market is now in a phased period of “three lively and four prosperous” periods of demand. I believe that it is inevitable that weaving manufacturers are in urgent need of replenishment.
From the picture above, we can clearly see that in just over a month, the price focus of various polyester filament products has dropped by thousands of yuan, and has basically fallen back to the level around mid-November 2016, which is also at the lowest level in the past five months. Low price.
Is polyester filament really going to rebound at low prices? If production and sales can continue to rise in the future and alleviate the inventory pressure of polyester manufacturers, the polyester filament market will not be far from the road of “price increase”! But if it is difficult to break through, it will be too early to conclude the price increase.
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