The polyester market, which has been quiet for half a month, is once again ignited! In the past two days, PTA and ethylene glycol futures have started to rise, and the market trading atmosphere has generally warmed up.
Under the urging of the rapid rise in the price of polyester raw materials, polyester production and sales have also recovered after more than half a month of indulging!
For this hard-won market, it is not easy. From the market situation, after the previous market downturn, the pessimism of the market has eased, and since the beginning of the year, the performance of the chemical fiber market is still gratifying, whether it is crude oil or The price of polyester raw materials has risen.
Although the market sentiment has picked up in recent days, the production and sales of polyester filament yarns have also rebounded. However, the operation of polyester factories is still more inclined to concession shipments. On the one hand, polyester factories themselves face the end-of-year assessment factors. On the other hand, they also hope This will drive the enthusiasm of downstream procurement.
The Spring Festival is approaching. For weaving, bombing and polyester companies, year-end stocking is also an important choice.
Then, in the face of the already rising raw materials, but still in the high support, low price of polyester filament, is it a better time to stock up at this stage?
1, polyester factory maintenance will open a large area
Since December 18, the polyester market equipment maintenance plan has been preheated in advance, and is currently entering the inspection season. Under the suppression of high stocks, the maintenance of polyester filament yarns is much higher than last year.
According to preliminary market statistics, during the Spring Festival this year, the scale of overhaul of polyester manufacturers increased from more than 7 million tons last year to around 9 million tons; currently it has restarted about 3 million tons, and the polyester factory has stopped reducing production. When the scale is opened, the supply will be weakened, or to some extent, stimulate the purchasing intention of downstream weaving manufacturers.
2, the holiday is coming, the weaving factory or waiting for the opportunity
The price of polyester filaments continued to fall in the early stage is a key point to suppress the enthusiasm of downstream procurement. At the same time, the lack of goodness is also one of the reasons for the downstream wait and see, but with the recent decline in the price of silk, the cash flow of grey cloth has been significantly expanded. . For factories with less inventory, the current price of polyester filaments is attractive. According to the market, the shipment of shuttle woven fabrics at the end of the year is relatively good, and the recent foreign trade orders for knitted fabrics are also good. While weaving the habit of pre-holiday stocking practices, the factors that buy up and not buy down will stimulate the concentrated release of raw material purchases. In general, although polyester filaments are currently in high stocks, they are still in a strong position. When the market is in a state of flux, shipments and gains will be a high probability event.
3, the raw material side has improved
Recently, the performance of crude oil and ethylene glycol has rebounded, and PTA is even more eye-catching. From the perspective of the crude oil side, the current crude oil has moved back up slightly, and it has risen again before New Year's Day, creating conditions for the self-repair of the polyester industry chain, indicating that the support of crude oil on December 26 is very strong. The current inventory of PTA is at a low level, and there is no risk of a big fall in the short term. Therefore, although the increase in polyester raw materials has not been so obvious for the polyester market since the second half of last year, the rise in polyester raw materials is not so obvious, but when the raw material rebounds at a low level, it is also a rising reason.
Overall: From the recent price of polyester filament, with the increase in polyester raw materials and the profitability of polyester plants, polyester factories may gradually adopt moderate discounts in exchange for the enthusiasm of downstream procurement, and After the equipment maintenance season and destocking pressure are alleviated, the polyester factory will also strengthen its own profit protection in the later stage. Therefore, the rising cost side will continue to support the polyester-related products. Therefore, it is indeed a good time to stock up. Enterprises are properly stocked.
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