According to the commodity market analysis system of Shengyi Society, the price trend of polyester filament has fluctuated narrowly this week, but the overall trend is relatively stable. On February 21st, the mainstream polyester filament factories in Jiangsu and Zhejiang quoted POY (150D/48F) at 7300-7400 yuan/ton, polyester DTY (150D/48F low elasticity) at 8450-8600 yuan/ton, and polyester FDY (150D/96F) at 7600-7800 yuan/ton.
On the demand side, this week, the downstream stretch and weaving start-up rate of polyester filament continued to rise, but the recovery of textile market demand is slow, and downstream factories need to consume raw materials in the early stage. Most downstream factories are waiting for the release of month end promotional prices before considering whether to stock up, resulting in a sustained sluggish market production and sales. Polyester filament continues to be weakly consolidated, with a generally weak trading atmosphere and stable prices. In actual transactions, discounts are offered, and some factories experience mixed ups and downs.
In terms of supply, some polyester filament production enterprises have adjusted their production strategies based on market demand and raw material prices, and the discount space for some specifications of products has been moderately reduced. The overall market supply is relatively stable, but the production and sales situation is not optimistic due to downstream demand.
In terms of inventory, the POY/FDY/DTY inventory of polyester filament reached 14.5/13/20 days respectively, and downstream users urgently needed replenishment. The overall production and sales of polyester filament were average, with good transactions in some areas. The average production and sales of polyester filament were 40%.
Overall, currently, the prices of polyester filament in most polyester factories remain largely unchanged, and there is a high probability of short-term weak adjustment. Although the operating rate of downstream elastic and weaving enterprises is gradually recovering, their intention to purchase polyester filament spot goods is insufficient, and the raw material inventory in the early stage needs to be consumed. The production and sales rate of most polyester filament manufacturers cannot be effectively increased. The main raw material PTA market is experiencing a decline, with average cost support. Business Society believes that the polyester filament market is operating at a standstill with limited fluctuations.
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