According to the commodity market analysis system of Shengyi Society, the price of polyester filament has shown a stable to weak trend this week, with sporadic price reductions in the center of gravity. On March 14th, the mainstream polyester filament factories in Jiangsu and Zhejiang quoted POY (150D/48F) at 7100-7350 yuan/ton, polyester DTY (150D/48F low elasticity) at 8300-8550 yuan/ton, and polyester FDY (150D/96F) at 7400-7700 yuan/ton.
In terms of cost, international crude oil prices have risen due to geopolitical fluctuations, supported by maintenance plans, while PTA prices have fallen due to oversupply, resulting in weakened cost support for polyester filament. As of March 14th, the PTA market price in East China was around 4748 yuan/ton, a decrease of about 4.31% from the beginning of the month
In terms of demand, the operating rate of polyester filament remains high (87.94%), coupled with the resumption of production of maintenance equipment in the early stage, the market supply is sufficient. Mainstream manufacturers have generally accumulated inventory, with POY inventory reaching 9-20 days, and FDY and DTY inventory also at a high level of 7-20 days. The demand for traditional textile during the peak season has not been significantly released, and the progress of overseas spring and summer orders is slow. The market’s expectation of a rebound in orders in March has been dashed. The recovery of downstream weaving operation rate is slow, and new orders are mainly in small batches and short cycles.
In terms of inventory, terminal demand is sluggish, and the polyester filament market is sluggish, with average production and sales. The average production and sales of polyester are 35.1%. 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. The cost support below.
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