In the recent polyester market, there is a popular saying: Prices continue to rise, so high that you can’t even imagine it, so high that you can’t even imagine it, so high that you can’t accept it, so high that you can accept it, so high that you don’t dare to buy it, so high. Until you run out of stock!
This market situation can be described in one word: rising; two words: bullish; three words: continuing to rise; four words: stable but rising; five words: continuing to rise tomorrow…
Even though the market has entered the traditional off-season, “price increase” has recently become a keyword throughout the entire textile industry chain. Nylon rises, viscose rises, island silk rises, composite yarn rises…!
The main force behind the price increase is none other than polyester filament!
Of course, these are just small waves in this wave of “price increases”. The main force with the strongest momentum is of course polyester filament!
As we all know, this year’s off-season for the terminal fabric market is not slow. Weaving manufacturers have good order status and high enthusiasm for starting work. There is a strong demand for raw materials. Coupled with the recent continuous environmental protection rectification, the sales of some conventional fabrics have continued to be hot, and some orders have been released in advance. Against this background, downstream textile companies have always been more enthusiastic about purchasing.
The production and sales of chemical fiber manufacturers are improving, and inventories are also falling again and again! Under the support of low inventory, the recent polyester filament has maintained a steady upward trend. It can be said that at this stage, the heat conduction from bottom to top is very smooth!
Finally waiting for you, PTA futures hit the daily limit!
Downstream demand support has been online. It is reported that the production and sales of major polyester filament manufacturers reached about 150% on the 10th. We have been looking forward to it for a long time. Yesterday (July 11), upstream raw materials finally showed their strength and “assist”!
On the evening of the 10th, PTA’s main futures turned into a bull, breaking through the 5,000 mark. On the 11th, it jumped to 5,200 points at the daily limit, shocking everyone! Who dares to say that PTA is an adou who “cannot afford to support”…
Compared with PTA’s sudden strength, ethylene glycol has been taking steps one by one recently. The electronic trading has been rising for several days, closing on the 11th up 1.5% to 7168. Ethylene glycol, take your time, be steady and be happy!
Non-stop cashing in on the benefits of “cost support”, polyester filament prices surged across the board!
With the favorable support of upstream raw materials, polyester filament naturally no longer hesitates. However, with this move, the market will tremble again… Yesterday (July 11), I believe that most people in the industry must have been flooded with these price increase notices just like the editor!
It is reported that on the 11th, major major polyester filament manufacturers generally raised prices by 100-200 yuan/ton. In the afternoon, some manufacturers continued to increase prices by 50-100 yuan, and some even closed the market and stopped selling!
Therefore, some people made a bold prediction: today’s high price of polyester filament will be tomorrow’s low price! With polyester filament prices rising so high, downstream buyers are naturally buying and selling. As of 3 p.m. on the 11th, polyester manufacturers’ production and sales continued to increase, estimated to be around 150%, and some manufacturers’ production and sales were above 300%.
2017 is a great year for all textile people
It’s destined to be an extraordinary year
Especially in this hot July
The upstream rose sharply
What is left to the downstream is a question that needs careful consideration.
Should I get the goods? How much goods should I get?
All in all, it is a fact that the off-season is not slow.
Will the entire textile industry chain become even crazier in the future?
Let’s leave time to verify it!
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