According to the commodity market analysis system of Shengyi Society, the price of polyester filament showed a stable to weak trend this week, with slight price reductions in some areas, but the overall trend is relatively stable. On March 7th, the mainstream polyester filament factories in Jiangsu and Zhejiang Province quoted POY (150D/48F) at 7100-7350 yuan/ton, polyester DTY (150D/48F low elasticity) at 8400-8600 yuan/ton, and polyester FDY (150D/96F) at 7400-7700 yuan/ton.
In terms of cost, international crude oil prices have been fluctuating due to the geopolitical situation, with PX prices increasing supported by maintenance plans and oil blending demand. However, the sufficient supply of PTA has led to a decline in its prices, weakening the cost support of polyester filament and further suppressing the price increase space of polyester filament.
In terms of demand, the downstream weaving start-up rate is about 70%, but new orders are mainly in “small batches and short cycles”, with limited increase in foreign trade orders and low enthusiasm for terminal stocking, resulting in cautious procurement. The trading atmosphere in the polyester filament market is flat, with many users in urgent need of replenishment. Although the traditional peak season is approaching, the export of terminal textiles is weak, and the recovery of domestic sales is limited, which suppresses the release of demand.
In terms of inventory, the production and sales of polyester filament are under pressure. The average production and sales of polyester are 31.2%, and the overall inventory in the market is concentrated between 9-19 days; In terms of specific products, POY inventory is around 9-20 days, FDY inventory is around 7-19 days, and DTY inventory is around 8-20 days.
Overall, the price of polyester filament yarn remained stable but slightly weak this week, with core influencing factors including weak dual raw materials on the cost side, weak downstream demand, and inventory pressure from manufacturers. Business Society believes that the decline in the polyester filament yarn market is limited, and future attention should be paid to fluctuations in crude oil prices, recovery of terminal orders, and industry capacity adjustments.
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