Is The Usual Practice: "Kim Gu" Dacron Filament

Polyester filament market is showing strong trend this week.

No. 13 Sino US trade relations came out positive signals, international oil prices rose sharply, PTA spot stocks strengthened, which affected the cost of polyester greatly increased, and the load of terminal looms increased continuously after entering August, the enthusiasm of purchasing enthusiasm was stimulated by favorable expectations, and polyester production and sales were greatly increased.

The cost side is expected to strengthen.

PTA: the current supply and demand side is good, and polyester demand is increased or increased during peak season. Since the profits of industrial chain are transferred from PX-PTA- polyester in turn, the abundant cash flow from downstream will feed upstream market. Although there are unfavorable factors in the forward market of PTA, the market is expected to increase slightly in the short term.

MEG: the market is strong and volatile. Next week, the cargo replenish is limited, and the demand for replenish the space is not bad. The futures will go up sharply, and the center of gravity will follow the upstream part of the eastern part of the stock market to 4500 yuan / ton. In the short term, the supply and demand pressure will be eased, and the market is expected to be strong.

Inventory reduction under profit increase

At present, the price of polyester filament manufacturers is limited or limited by PTA, and the decline of the cost terminal also thickens the profit of polyester filament. Along with the new Feng Ming and Tiansheng devices, the new plant is expected to be put into operation, and the start-up of polyester has been improved.

From the inventory point of view, the stock of polyester has declined since the end of July. With the recent increase in the price of PTA, the stock of polyester fabrics will continue to decline in the lower reaches of the winter fabrics expected to rise or fall. At least in the late stage, polyester stocks will not continue to drag on market prices.

Domestic polyester operating rate chart

Demand side obvious improvement

Since mid August, weaving enterprises have started to increase by nearly 10 percentage points, and the loom loom operation rate in Shengze has increased to 75%. According to market research, some enterprises have gradually resumed production through downtime maintenance and new single recharge.

At present, sprinkler and jet enterprises have just needed orders to support them, but production and marketing are difficult to achieve. In addition, the flow of funds is not smooth, indicating that the order is not smooth enough, and the growth of fabric purchases in winter is slow.

Next week, PTA storage device is expected to resume production, supply or relatively loose; but polyester load or slow rise, is expected next week PTA shock finishing.

Next week, there will be a resumption of production in the pre production plant. In addition, the production of polyester will continue to rise, and supply will be warmer this week.

But demand side, although the production and sales volume of polyester factories in the week is huge, the overall market is slightly overdrawn, and the terminal orders have not improved significantly, so the high production and marketing can not be sustained. It is estimated that polyester will show a narrow trend next week. (source: Guo Ye net, long Zhong information)