Fire fire fire
We are fire
I just love price increases
Don’t tell me to stop
The passion in my heart
Don’t worry about my price increase
Price increases always make my heart skip a beat
We are already here
i feel good
I am fire, no matter who pours it out
To describe today’s polyester filament market, one word is “hot”, two words are “very hot”, three words are “very hot”, and four words are “fire, fire, fire”…
In the hot summer, the hot price increase of polyester filament continues to spread. Under various “combustion accelerants”, the market situation becomes more and more intense at every turn. Last Tuesday, with the support of the polyester raw material supply side meeting and cost support, the strong surge in polyester yarn prices is still vivid in my mind; the polyester yarn market, which had been quiet for a few days after a short period of time, was detonated again on the 11th, bringing a wave of A more intense “heat wave” of price increases.
The polyester filament market in these two days is absolutely “thrilling”! Whether it is WeChat Moments, QQ communication groups or WeChat headlines, textile people are all overwhelmed by the increase in polyester prices! The prices of FDY, POY, and DTY products have increased by 100-200 yuan/ton respectively, which are all small cases; there are also “one price in the morning and one price in the afternoon”; and even more, “the market is closed and will not be sold, and the price will increase tomorrow.” billing”…….
However, downstream weaving manufacturers and traders have fallen victim to this trick, buying and selling without any scruples. Whether it is really rigid demand for help, or the mentality of buying up but not buying down, the production and sales of the polyester filament market in recent stages are indeed obvious to all. It is not difficult to find from the figure below that in the past month or so, the mainstream production and sales of polyester yarn in Jiangsu and Zhejiang have been stable at over 100 levels for most of the time; especially in the past two days, the overall production and sales of the polyester filament market have increased linearly. Polyester manufacturers Absolutely confident.
As the polyester filament market’s production and sales explode, it is inevitable for polyester manufacturers to reduce their mainstream inventory levels. What’s more, there is a rush to stock out and queues waiting for goods in tight specifications. According to statistics from China Silk City Network, FDY stocks have dropped to 3-9 days, POY stocks have also dropped to 3-7 days, and DTY stocks have also dropped to around 16-24 days. Such a low inventory situation during the year is bound to be a “sword” for price increases for polyester manufacturers.
As the trigger for this polyester filament’s “rising to take off” trend, the key is naturally the “pretty bullish” market trend of PTA futures. It rose 2.02% in the night trading on the 10th, and the next day it rose to the daily limit of 5.01%. As of the night trading on the 11th, the main contract rose again by 1.96% to 5206 points. Big brother PTA’s crazy bull market is of great significance to the polyester filament that is already exploding at a moment’s notice.
The polyester filament market is facing a “high temperature war” with a rolling heat wave! Will polyester manufacturers continue to hold meetings to “add fuel to the fire”? Will the market outlook really continue to rise tomorrow as chemical fiber manufacturers say? Will there really be a shortage of goods in the future, and you will regret it for three years if you don’t buy it? Is the downstream weaving market really willing to pay the full price for this?
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