According to the price monitoring of the business community, the domestic polyester filament market was temporarily stable on February 24. The quotations of polyester POY (150D/48F) from mainstream polyester filament factories in Jiangsu and Zhejiang were at 7800-8050 yuan/ton, and polyester DTY (150D/48F) was as low as 7800-8050 yuan/ton. Elastic) is quoted at 9250-9550 yuan/ton, and polyester FDY (150D/96F) is quoted at 8200-8400 yuan/ton.
Average price rise and fall of polyester filament market Unit: Yuan/ton
The cost side has increased significantly due to the impact of crude oil. Affected by the sudden tension in Ukraine, the price of Brent crude oil futures in London exceeded US$100 per barrel on the 24th, the first time in more than seven years that it exceeded US$100. On the 23rd, the price of London Brent crude oil futures for April delivery closed at $96.84 per barrel. London Brent crude oil futures last traded above $100 a barrel in September 2014.
Recent statistics on changes in domestic PTA devices
On February 24, the domestic PTA market average price in East China was 5,685 yuan/ton, an increase of 3.98% from the previous trading day and a year-on-year increase of 23.20%. The main force of PTA futures closed at 2205 at 5794, an increase of 292, or 5.31%. In terms of equipment, with low processing fees, maintenance is expected to heat up. The current operating rate of the domestic industry is around 79%.
Although downstream factories are gradually starting to operate, the current operating rate of the loom industry in Jiangsu and Zhejiang has increased to more than 59%. However, the current demand in the end consumer market is recovering slowly. Due to the sharp increase in raw material prices, downstream companies are cautious about pursuing higher prices for polyester yarns, and only replenish small amounts of goods for immediate needs.
Currently, the polyester yarn market has a strong wait-and-see sentiment, which is still dominated by the cost side. Some market analysts believe that the outside world is worried that a conflict between Russia and Ukraine will affect the global energy supply, which will stimulate a surge in crude oil prices. In addition, if processing fees remain low, the probability of major domestic PTA manufacturers jointly reducing burdens and pressures is relatively high, so the positive support for raw materials still exists. At the same time, as the terminal loom industry will gradually pick up, demand will also improve. Analysts from SunSirs predict that polyester yarn prices will fluctuate upward in the short term.
</p
