Introduction: Recently, cloth merchants have stocked up on spandex-related fabrics, which has affected the rapid transfer of gray fabric inventories in some areas. However, the demand side has been generally cold in new orders since the beginning of June. Other fabrics are struggling to survive the off-season with a slight accumulation of inventory. Even if the international crude oil and polyester dual raw materials are warmer, the demand side partially improves, and the concept is hyped, it may be difficult to trigger an overall counterattack in the polyester filament market.
Polyester filament weekly start trend chart from 2019 to 2021:
Source: Longzhong Information
Supply: The supply of polyester filament generally showed an upward trend during the month, and Hengke polyester filament is expected to be fully produced by the end of July , Tongkun and Hengyi have equipment restarted one after another. In addition, Juxing has routine maintenance in mid-month. The supply is generally on the rise. As of June 23, polyester filament direct spinning enterprises have started operations at 92.99%, up 0.8 points from the beginning of the month. percentage point.
Inventory: During the month, polyester filament inventory in Jiangsu and Zhejiang areas generally maintained a normal high position. POY was mainly between 13-17 days, higher for more than 20 days, lower for a week, and downstream dty Factory inventory generally remains at 21-31 days, which is one and a half months higher.
Price profit:
Polyester filament price profit trend chart from 2020 to 2021:
Source: Longzhong Information
From the perspective of price and profit, the price of polyester filament still maintains the sales promotion mode, and the price fluctuates and falls. During the period, polyester filament yarns carried out three rounds of promotional shipments. The shipment situation was the best at the beginning of the month, with the average direct spinning production and sales data reaching 508%. As downstream orders weakened, the promotional effect declined significantly, and the demand side was sluggish, which dragged down the profits of polyester filament yarns. Continuous extrusion, as of June 22, the profit of polyester filament POY150/48 is 192.49 yuan/ton, the profit of FDY150D/96F is 192.49 yuan/ton, and the profit of DTY150/48 is 250 yuan/ton.
Demand: At present, there is a rush for four-way stretch and other related spandex fabrics on the market. Some factories have transferred their gray fabric inventories. However, most fabrics are in the process of being accumulated in the terminal. There has been no substantial improvement on the demand side, and the current shortage of containers and rising sea freight will still affect the export situation. Considering that Wujiang, Jiaxing, Guangzhou, and some parts of Shandong downstream are affected by power restrictions and environmental protection, which has resulted in downstream factories limiting production and the production reduction phenomenon is still continuing. In the next July, downstream weaving may be expected to reduce production and load, and demand will hardly improve significantly. .
In summary, although international crude oil and polyester dual raw materials have been operating strongly recently, the limited demand side is the main driving force restricting the upward trend of polyester filament. Although the current profit of polyester filament is It is at a relatively low position, but the inventory is on the high side. Demand and inventory are restricted in the short term. Although the absolute price of polyester filament is low, it may be difficult to see a rapid counterattack. Factories may maintain stable shipments. </p
