“Friendly reminder: Today, Hengli’s regular, semi-glossy FDY, and glossy FDY prices have increased by 300-500. DTY has not been moved for the time being. If the goods are tight, hurry up and start!”
“Today, the quotations of Jiang Rongsheng’s chemical fiber and polyester yarns have increased. Now the quotations of its semi-glossy FDY products have increased by 100-200 yuan/ton, the quotations of glossy FDY products have increased by 100 yuan/ton, and the quotations of individual DTY products have also increased by about 100 yuan!”
“Today, the quotations of mainstream manufacturers such as Tongkun, Xinfengming, Shenghong, etc. have increased by 50-200 yuan/ton!”
…….
(Oops, I accidentally started with a clichéd beginning! I can’t help it, this is the most eye-catching and direct!)
In just a short period of time in June, the market situation of polyester filament is like the “Meiyu weather”, which is unpredictable; sometimes it is rainy, weak and falling, and sometimes the sun is shining brightly, and the trend is strong!
In the past two days, the polyester filament market has set off another wave of “rushing goods” and “price increases” with production and sales soaring!
What is the reason for such uncertain market conditions?
With the off-season approaching and environmental protection regulations expected, the average production and sales of polyester filament can actually exceed 200%! The production and sales of individual manufacturers have reached 400% or 500%! Mainstream price focus continues to rise! Is this wave of polyester filament market a cost boost? Or give it a try before the off-season?
Polyester filament has a very cold expression: there is no reason to increase the price! All you need is a reason not to increase the price!
But as a very rigorous and serious analyst, whether there is no price increase or price increase, the reasons must be analyzed seriously!
Crude oil and PTA futures spot prices are rising!
Last week, international oil prices were under pressure and fell sharply. Boosted by the positive news, crude oil futures have been in the recovery stage in the past two days. Currently, the July futures of New York crude oil have risen slightly to US$46.08/barrel, and the August futures of Brent have risen to US$46.08/barrel. US$48.29/barrel. Boosted by the improvement in international oil prices, PTA futures have continued to close in recent days. After closing higher in the night trading on the 12th, the main 1709 contract closed at 4860 yuan/ton on the 13th, and its trading volume climbed to 1,067,536 lots. Open interest is around 1,699,754 lots. Driven by futures, PTA spot prices have risen steadily, with internal quotations rising to around 4790-4840 yuan/ton, and transaction discussions rising to around 4740-4780 yuan/ton. At present, the tight supply and demand situation in the PTA market still exists, and the PTA market is highly resistant to falling prices.
Ethylene glycol hit the daily limit several times during the session, and finally the price limit was closed!
As funding has been fully relaxed in the short term, short-end funding rates have dropped significantly, and the 1-day, 7-day, and 14-day repo rates have returned to the levels before March 2015; with the help of funding, the B The glycol market surged strongly. After the sharp rise on the 12th, the electronic trading reached the daily limit several times on the 13th, continuing the surge. Driven by this boost, spot prices have also risen sharply, with current intraday prices rising to around 6,900-6,950 yuan/ton.
We know that the dominance of the polyester market lies in the fluctuations in the prices of raw materials PTA and ethylene glycol. Boosted by the strong rise of these two polyester raw materials, the cost dynamics of the polyester filament market are definitely leveraged!
Of course, demand is a necessary condition to guide market changes. Recently, although there is news that downstream weaving manufacturers are facing the off-season and the expected production reduction due to environmental protection rectification, they have started purchasing one after another when this wave of market conditions is approaching. Perhaps there is a mentality of buying up rather than buying down. However, polyester long The surge in silk market production and sales has become an indisputable fact.
It is reported that the production and sales of polyester yarn manufacturers increased significantly on the 12th, and the average production and sales are expected to be at a level of 200%-250%. Some factory production and sales data: 200%, 180%, 330%, 550%, 300%, 220%, 190%, 230%, 185%, 210%, 130%, 275%, 185%, 430%, 150%, 260%, 450%, 290%, 435%.
On the 13th, the production and sales of the polyester yarn market continued to be hot, especially the supply of semi-gloss FDY and glossy FDY was tight, and some manufacturers had measures to close the market. As of three o’clock in the afternoon, the production and sales data of some factories: 150%, 160%, 150%, 90%, 200%, 260%, 110%, 200%, 210%.
No matter what the reason is, the decline in inventory of mainstream polyester manufacturers is the most obvious fact. In the short term, there are sufficient reasons for strong upward trend.
However, if the market outlook is faced with a series of problems such as the coming of the off-season and environmental protection regulations, which will lead to a decline in the operating rate of the downstream weaving market, and if the supply side of polyester filament itself is still so willful, can it really ensure a good harvest of production, sales, and profits?
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