In March, spring is full of joy and everything is revived. Although spring has quietly arrived, the polyester market has not felt any spring breeze. Since March, negative news in the polyester market has been spreading from top to bottom, prices have been falling hard, and market optimism has been ruthlessly crushed. Today’s market is no longer as high-minded as it was a few years ago. Products cannot be sold, inventories are getting higher day by day, and discounts, price concessions, and shipments are the main tone of the current market. But the reality is so cruel. The more chemical fiber factories drop prices, the less customers will buy it. They still think the price drop is not enough. In the end, the price drops and the goods are still in their hands.
It is reported that in the past month, in the polyester market, the prices of upstream raw materials PTA and ethylene glycol and downstream polyester filament and polyester chips have dropped significantly, with product declines of around 10%.
Although the polyester market price has fallen every now and then, the bottom has still not been broken.
Polyester raw material:
On March 27, the PTA futures of Zhengzhou Commodity Exchange closed down. The main 1705 contract closed at 4,970 yuan/ton, which was a decrease of 88 yuan/ton, or 1.74%, compared with the settlement price on the previous trading day. The quotation price of PTA in the internal market dropped to around 4920-4960 yuan/ton.
On the same day, the ethylene glycol MEG1705 contract basically stayed at the limit after opening at noon until the close, with a single-day drop of 258 yuan/ton, or -4.00%. The spot price of ethylene glycol fell back to around 6100-6120 yuan/ton.
On March 28, the market price of PTA futures on Zhengzhou Commodity Exchange rebounded slightly, but still closed slightly down at the end. The main 1705 contract closed at 4,958 yuan/ton, which was slightly lower than the settlement price on the previous trading day. 8 yuan/ton, a decrease of 0.16%.
Polyester filament:
On March 27, various large and small chemical fiber manufacturers continued to cut prices to stimulate the market in order to recover production and sales. Among them, Shenghong POY dropped by 50-100 yuan/ton, DTY dropped by 100-200 yuan/ton, FDY dropped by 200 yuan/ton; Hengyi FDY dropped by 200 yuan/ton; 100 yuan/ton; for new residents, the price is reduced by 100 yuan/ton; for southern POY, the price is reduced by 100 yuan/ton.
On March 28, the overall price of the polyester yarn market continued to fall, especially major manufacturers such as Rongsheng, Xinfengming, and Shenghong took the lead in reducing prices, and the market promotion atmosphere was strong. Among them, Rongsheng POY, DTY and FDY dropped by 100-200 yuan/ton; Xinfengming POY dropped by 50-100 yuan/ton, DTY dropped by 150 yuan/ton; Jiabao dropped by 100-200 yuan/ton; Nanfang dropped another 100- 200 yuan/ton; Tongkun FDY dropped by 50-150 yuan/ton; Shenghong POY dropped by another 150-200 yuan/ton, and DTY dropped by another 100-200 yuan/ton.
The price of polyester has dropped both upstream and downstream, and there seems to be a feeling that the bottom line is about to be broken. The most concerning issue in the polyester market now is whether the peak season of the fabric market has come yet? After all, the demand has increased, and the inventory has been cleared after the downstream centralized stocking, and the pressure now can be truly relieved.
However, the fabric market after the new year did not experience the expected hot market. The overall characteristics of the fabric market in March were overall stability and partial best-selling. Judging from the overall production situation of the dyeing factory, the current market situation is not very light. Why are the production and sales of polyester manufacturers unable to increase?
A cloth boss’s answer was this: raw material prices are so high around the Spring Festival, so just stock up enough for production. If the price drops, the loss will not be small. Now the price of raw materials has dropped by more than 1,000 compared with the beginning of the month. The price of raw materials has dropped, and there are a lot of goods. It is safer to buy more when you use it.
Although this cloth boss cannot represent the voice of all textile companies, no one is willing to stock up now, and it is an indisputable fact that the market is not stocking well. High inventory has now become a “worry” for chemical fiber factories. When and how the inventory can be reduced are probably the questions that chemical fiber factories have been racking their brains in recently.
</p
