“Golden Nine and Silver Ten” have always been the industrial characteristics of the market. However, since late October, domestic chemical futures have generally experienced sharp corrections, especially in the coal chemical sector. On the afternoon of the 27th, the domestic futures market closed, with methanol, ethylene glycol, and PVC falling by the limit simultaneously.
The main domestic thermal coal, coke, and coking coal contracts fell to the limit again in the night trading, triggering a chain reaction in the polyester industry chain. On the 27th, PTA fell by 80 yuan and MEG fell by 355 yuan. On the 28th, the price of polyester filament in polyester factories fell, with the range being 200-300 yuan/ton.
Polyester yarn has turned over from today and entered the “price reduction chapter”!
A DTY factory in Shaoxing lowered its prices
A major mainstream factory in Shengze lowered its prices
A major factory in Xiaoshan lowered its price
Another POY factory in Xiaoshan lowered its polyester price
……
Now that the cost ends such as MEG and PTA are both weakening, the price of polyester yarn has lost the support of the cost end. Coupled with the previous sluggish production and sales, the high-end polyester yarn is in Today we have a general decline. Specifically, the profit of FDY has risen to 1,351 yuan/ton; the profit of POY 150D has rebounded, and the current profit is 1,501 yuan/ton; the profit of DTY 150D has rebounded, and the current profit is 1,551 yuan/ton. At present, mainstream polyester products have huge profit margins, and polyester factory profit promotions are bound to bring a certain amount of sales and save sluggish production and sales. In particular, the recent huge changes in the upstream and downstream operating rates may increase the purchasing desire of weaving manufacturers.
Domestic price decline cannot stop! Foreign countries are bucking the trend!
On October 26, Shin-Etsu Chemical’s official website issued a notice stating that it will increase the sales price of PVC from November 21, with an increase of 40 yen/kg (approximately 2,237 yuan/ Ton). Coincidentally, on October 27, DIC, the world’s largest organic pigment manufacturer, announced that it would increase the prices of azo pigments and phthalocyanine pigments from November 1, with an increase of 80-400 yen/kg (approximately 4,480-22,400 yuan). /Ton)!
The price increase is said to be “affected by China’s production restrictions, power rationing, price increases in the coal industry… and other factors ”, in short, the price is increased for the sake of price increase! After all, these leading foreign companies will only raise prices in a high-profile way, and no one has ever seen them send special letters to notify them of price reductions! Foreign price increase letters come one after another, but if you pay careful attention, it is not difficult to find that most of the price increase letters mention domestic energy consumption dual control, production reduction and production restrictions, etc., of course, domestic companies also Bear the brunt of the impact.
Downstream gray cloth prices remain as stable as a mountain
Upstream prices are like a roller coaster ride, thrilling, while downstream weaving companies have not seen significant fluctuations in gray fabric prices after the increase. The reason is that no matter how much the upstream falls, the price is still at a high level. The biggest cost for the downstream is the price of raw materials. Even if the price of raw materials falls back, it is still at a high level and cannot be well reflected in the price of gray fabrics. .
According to market research, the price of nylon yarn is gradually falling, but the first reason for this is the decline of upstream nylon raw materials, and the second reason is mainly because of the decline of nylon yarn. The gradual recovery of production capacity and the easing of supply and demand have led to a slight correction. Taking 380T nylon gray fabric as an example, the price was 3.8 yuan/meter in May, but now even if the price drops, the price of 380 nylon is still 4.8 yuan/meter. , gray cloth prices remain high.
The “Silver Ten” peak season is about to pass, but everyone no longer dares to say anything about the market. First it skyrocketed and then plummeted, and midstream and downstream companies have completely flattened out. , many people lamented that this exciting market has not been seen for a long time…
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