In February, polyester chips first rose and then fell, and the decline lasted until early March. This round of decline was mostly dragged down by negative costs. After the continuous decline in the market, the cash flow of slicing and even the polyester industry has shown an unprecedented situation. Compared with the cash flow after the Spring Festival, the increase is more than 400 yuan/ton. Among them, the profit growth rate of polyester industrial yarn ranks first, and slicing only ranks third. name.
Comparison of periodic cash flow of polyester products
Unit: Yuan/ton
In the early days of the Spring Festival, most downstream users had sufficient stocks, and the polyester chip market soon entered a period of depression. However, most industry players believe that after the Spring Festival, the polyester chip market will experience a short downturn. As downstream demand gradually picks up, chips will also experience a wave of growth. . However, contrary to expectations, after the Spring Festival, as raw materials rose, and under the pressure of polyester chip cost, the quotations followed suit, with the highest daily increase being around 300 yuan/ton. However, demand did not recover at this time, and they blindly followed the rise in raw materials, which made downstream resistance more intense. The price is high, and downstream users have sufficient inventory. The latest purchasing period is expected to be at the end of February. Therefore, the price of slices continues to rise, the transaction volume has not yet broken through, and the trading volume is deserted.
In mid-February, raw materials changed direction and continued to move south. Cost pressure eased, but demand did not improve. The pressure on production and sales of slice manufacturers became more prominent. Prices were used to promote volume, and the focus of transactions continued to decline. The decline in raw materials is hard to stop, and the decline in slices has also turned from dark to bright, with the decline gradually expanding, and the market is filled with pessimism. However, if you take a closer look, this round of polyester chips continues to fall, but the cash flow has been hovering at 300-400 yuan/ton, which is at a relatively high level in recent years. Although this round of polyester chips is in a downward trend, with both volume and price falling, the cost side is declining rapidly, making the profit level of the chips acceptable. The polyester chips may have experienced a disaster and gained profits after experiencing the decline.
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