According to the price monitoring of SunSirs, the domestic polyester filament market price stopped falling in August, with polyester DTY and polyester FDY increasing by 0.92% and 0.31% respectively, and polyester POY decreasing by 0.54% monthly. At present, the mainstream polyester filament factories in Jiangsu and Zhejiang regions offer polyester POY (150D/48F) at 7800-8350 yuan/ton, polyester DTY (150D/48F low elasticity) at 9100-9600 yuan/ton, polyester FDY (150D/96F) ) The price is quoted at 8500-8750 yuan/ton.
Average price rise and fall of polyester filament market in August Unit: Yuan/ton
Since August, high temperatures have persisted and demand for electricity has increased significantly. Zhejiang, Jiangsu and other places have introduced power restriction policies. Many industrial enterprises have received notices of power outages and peak-shifting power consumption. The operating rate of looms in downstream Jiangsu and Zhejiang has dropped to less than 50%. Among them, the operating level of circular knitting machines and wrapped yarns in Xiaoshao area is 30-50%; the operating level of circular knitting machine market in Jiangsu area is around 30%, and the operating level of wrapped yarn and warp knitting markets remains at 40%-60%; the operating level of circular knitting machines and wrapped yarns in Guangdong area is around 30% It is still insufficient and the warp knitting market is starting cautiously, with the overall starting level at 30-60%. Starting from mid-to-late August, the hot weather has cooled down, and downstream power restrictions have eased slightly. The comprehensive operating rate of looms in Jiangsu and Zhejiang has rebounded slightly to more than 51%. Terminals have made certain replenishment actions, and some polyester filament manufacturers have a strong willingness to support the market.
In terms of exports, according to customs data, in July 2022, my country’s textile and apparel exports were US$33.222 billion, a year-on-year increase of 17.58%. Among them, the export value of textiles (including textile yarns, fabrics and products) was US$13.584 billion, a year-on-year increase of 16.20%; the export value of clothing (including clothing and clothing accessories) was US$19.638 billion, a year-on-year increase of 18.55%.
The traditional textile peak season of “Golden Nine and Silver Ten” has arrived, and downstream orders will increase, but there is currently no hot phenomenon. The market is still facing fundamental pressure from high inventories, and the short-term market still focuses on digesting inventories and collecting funds through low-price shipments. There is a cautious wait-and-see attitude towards raw material procurement. Therefore, if the demand does not improve, the upward momentum of polyester filament prices is insufficient.
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