Polyester Filament: Production And Marketing Is Weak, But Price Performance Is Good.

In the afternoon of April 18th, PTA futures began to plummet straight down to a limit. On the 19 day, PTA futures continued to fall, and the main contract ended at 6006 points, down 2.02%.

In this negative impact, polyester filament manufacturers on the 19 day of the quotation has come down, there are many concessions in actual pactions.

On the 19 day, a mainstream factory in Tongxiang dropped 100 yuan / ton, and another factory in Tongxiang dropped 100 yuan / ton; in a big factory in Jiangsu, the polyester fell 100-200 yuan / ton; POY in Taicang factory fell 100 yuan / ton; another plant in Taicang dropped by 100 yuan / ton; FDY in Shaoxing factory fell by 50-100 yuan / ton, and the deal was concluded; the POY part of Xiaoshan factory dropped by 50 yuan / ton; Zhejiang factory DTY fell by 100 yuan / ton.

From then on and from 22 to the end of the week, the quotations of mainstream polyester manufacturers went further down and the deals discussed concessions.

Tongxiang direction: Tongxiang mainstream factory polyester silk fell 100 yuan / ton; another factory in Tongxiang fell 100 yuan / ton, preferential negotiation.

Jiangsu direction: a large factory in Jiangsu dropped the polyester fiber on the weekend, and today reported steady; the polyester POY of a factory in Taicang dropped 100 yuan / ton; the polyester POY of a factory in Taicang dropped 100 yuan / ton; the Wuxi factory FDY dropped 100-350 yuan / ton on Saturday, and today it is stable.

Shaoxing direction: a factory in Shaoxing FDY today fell 100 yuan / ton; another factory in Shaoxing today FDY fell 100-200 yuan / ton, the deal was discussed.

The direction of Xiaoshan: a polyester factory today dropped 100 yuan / ton, the discount rate was discussed; a big factory in Zhejiang lowered its silk price today; another DTY factory in Zhejiang dropped more than 200-300 yuan / ton from the end of the week, and a POY factory in Xiaoshan reported steady and favorable expansion.

PTA collapse has become the "fuse" of polyester filament price center downward.

Although the 22 day PTA futures market showed signs of rally and rebound, the spot market also showed stronger performance, but this did not seem to prevent the decline of polyester filament market.

In the final analysis, whether it is demand side, production and marketing or inventory, all have a pressing effect on polyester market.

1. weaving season becomes a "Hope" season, stock Booster!

Since the recent stage, the fabric market has not been prosperous for a long time, and the market purchase level has not improved much. The overall turnover is not as good as that of the same period last year. In addition, the market competition of conventional chemical fiber products is fierce, the manufacturers' performance is poor, the market boom is hard to recover, and there is a lack of hot selling products.

Some of them are lowering their prices for shipment.

Recently, the new market is still slow, some manufacturers said that after April, there was no order to do, and the stock market continued to rise. Now there is about 36-37 days in Shengze's billet storage, which is more than 10 days higher than the same period last year.

For example, imitation silk series, as the flagship product of lightweight fabrics, the simulation silk series has been a hot selling product in the first half of this year. This year's conventional products are neutral in the market, and the turnover of individual varieties is slow. The manufacturers have lowered their quotations for shipment, such as conventional chiffon, mess, and crow crepe are flat, with a price of 0.05-0.10 yuan / m. the heat of the previous hot products has gone down, such as extinction, breaking card and SPH mess.

Other conventional products such as polyester tau, Chun Ya spinning and nylon spinning are oversupplied, resulting in poor market performance and volume and price drop.

2. raw material procurement demand weakened, production and marketing weak operation!

Along with the downstream "weaving three silver four" small peak season has already become the "Hope" season, the market orders are out of date, and the pressure of factory inventory has increased, which has led to the weakening of raw material procurement demand of downstream weaving factories.

Since the recent stage, the production and marketing performance of the mainstream manufacturers in polyester market has not been very satisfactory, and the overall production and marketing are more plain. Apart from 8 days, the PX explosion has driven the market to buy up sentiment, and production and marketing has been rushing to 320% level, and some higher factories are rushing to 400%-500%.

In the past few months, the production and marketing of polyester market has been obviously insufficient. The average production and sales of mainstream manufacturers are around 50-80%. Some of the better manufacturers are also located near 90%-100%, and it is difficult to break hundreds of production and marketing. Only POY production and marketing are relatively good.

3. polyester factory inventory decline slow, still there is a gap!

Since the Spring Festival, polyester manufacturers have been in a high starting state; according to statistics, the average load of polyester market is now concentrated near 91.5%.

Affected by the production and marketing of polyester market, the stock market of polyester filament has dropped more slowly in the past two months after the Spring Festival.

From the statistics of China silk net, the overall stock of polyester market is concentrated for 14-22 days now. In terms of specific products, POY stocks are concentrated in 5-10 days, and FDY stocks are close to 11-16 days, while DTY stocks are about 22-28 days.

Although the overall stock level of the polyester market is not high in recent stages, the gap is still large.

From the data point of view, the overall stock market of polyester market has dropped to 5-16 days in the same period last year, of which POY stocks are concentrated in 4-9 days, and FDY stocks have been lowered to 3-8 days, while DTY stocks have dropped to 14-22 days.

In contrast, FDY and DTY manufacturers now have a large inventory pressure, and the decline in inventory is much slower than last year.

However, for polyester manufacturers, the market is not so difficult. Although production and marketing are weak and inventory drops slowly, the downstream weaving market just needs to be preserved.

According to incomplete statistics, the market rate of water injection and jet manufacturers basically concentrated in the vicinity of 8-9 percent. Warp knitting machine and circular machine market started around 7-8 percent.

In addition, it is a good thing to note that the profit margins of polyester manufacturers are better, and the profit margins of all products are at the highest level in the year. FDY has the best profit margin, while POY is the largest in the near term.

China's silk net data calculation, the current FDY150D profit space at 830 yuan / ton, up 262 yuan / ton compared with the same period last year; POY profit growth is relatively large, the profit per ton has risen to 716 yuan, the year-on-year increase is also more obvious; DTY150D also the same, compared with last month, the profit space has increased, up to 550 yuan / ton.

(the profit is theoretical data, and the actual profit level varies from manufacturer to manufacturer).

Market rumors, the United States or will announce the end of import exemption, will completely cut off the export of crude oil in Iran, when crude oil prices will continue to rise sharply, and the PTA device is about to usher in a new round of maintenance peak, tight supply or make PTA prices easy to rise or fall.

Therefore, there are market participants believe that polyester filament or will close down the channel, usher in the peak of procurement!