Since the fourth quarter, there are only two words to describe the frequency and magnitude of price increases for polyester filament – willful! A small increase occurs in three days, and a large increase occurs in seven days. It cannot stop at all. As a result, jokes like this have begun to circulate in the circle of friends recently: “Please don’t ask me if the raw materials can be discounted. You should ask me, has the price increased today?” This arrogant tone is evident.
Downstream fabric companies are naturally complaining: “The market is not good, let’s take an early holiday for the New Year!” “If the price continues to rise like this, we won’t dare to take orders…” In fact, the hearts of chemical fiber manufacturers are also broken: we don’t care about the feelings of downstream companies. , it is true that upstream costs have risen even more! So don’t blame me for increasing prices every day. In fact, I don’t make much!
No, ethylene glycol, which has been very high-profile recently, has added fire to the raw material market today! Ethylene glycol Huaxi Village electronic trading hit the daily limit in the morning, then fluctuated at a high level, and hit the daily limit again in the afternoon! Chemical fiber manufacturers are probably feeling a bit cold…
During this period, the ethylene glycol market has continued to benefit. First, at the end of October, the China Securities Regulatory Commission approved the application for the listing of ethylene glycol futures, and then there was a collective carnival in the commodity market, and then to the recent OPEC production freeze and the Italian referendum. With the strong guarantee of good fundamentals and the help of news, The price of ethylene glycol G continues to rise. In the past three trading days, the electronic trading of ethylene glycol has continued to rise and has now exceeded the 7,000 mark; it is reported that as of the time of writing, the spot price has risen strongly to around 7,100-7,200 yuan/ton, setting new highs for the year.
Next is PTA: The price increase of PTA in the past half month has been very gratifying. The closing price of the main contract last Friday was 5,230 yuan/ton, which was an increase of 5% compared with 4,964 yuan/ton half a month ago. For PTA, a low-volatility product, a 5% increase is already quite impressive.
Finally, of course, there is the protection of international oil prices. After a year of fierce fighting, on November 30, the Organization of the Petroleum Exporting Countries (OPEC) finally reached an agreement to reduce production for the first time in eight years; boosted by this news, the overall international oil price has been pushed up in the recent period, to the 5th At the close, the price of light crude oil futures for January delivery in New York closed at US$51.79 per barrel, a sharp increase of 14.5% from the closing price of US$45.23 a week ago (November 29); London Brent crude oil futures for February delivery The price even closed at US$54.94 per barrel, approaching the US$55 mark.
The cost of upstream raw materials is really strong, and price increase notices from polyester filament manufacturers are coming one after another…
On December 5, the POY4+2 party was held in Shengze Shenghong. According to incomplete statistics: Longqiwan semi-glossy FDY part rose by 100 yuan; -100 yuan; Huaxiang POY part increased by 50 yuan; most Far East increased by 50 yuan-100; Kaishi DTY increased by 100 yuan, FDY increased by 50 yuan-100 yuan; Tiansheng (Yifeng) generally increased by 100 yuan-150 yuan ; Rongsheng FDY part rose by 100 yuan to 200 yuan, DTY rose by 100 yuan; Nanfang (Wuchang) rose by 50 yuan; Hengli Hengke Optical FDY rose by 100 yuan; Afternoon: Xinmin all varieties rose by 100 yuan until stopped Open an order (temporarily closed); Fujian Baihong FDY increased by 200 yuan to 500 yuan; Tongkun increased by 100 yuan; Hongtai Tong increased by 50 yuan; Xinxin increased by 100 yuan to 200 yuan.
On December 7, polyester factory quotations mainly increased by 100 yuan. According to statistics, Xinfengming FDY and DTY generally increased by 100 yuan; Kaishi DTY/FDY increased by 100 yuan, and POY increased by 50 yuan. ; Lianda increased by 50 yuan; Far East increased by 100 yuan, Jiabao increased by 50-100 yuan, Wuchang FDY part increased by 50-100 yuan; Rongsheng semi-glossy FDY20D-400D all increased by 100 yuan; Youguang FDY all increased by 100 yuan, 43D – All 45D and 89D are increased by 200 yuan, dty is generally increased by 100 yuan/ton; Shenghong FDY semi-glossy and glossy parts are increased by 100 yuan; Yuanzheng FDY thin yarn is increased by 100 yuan, thick yarn is increased by 50 yuan; ancient towpath increased by 100 yuan , Southeast New Materials generally rose by 50 yuan.
But behind this booming market, are polyester filament manufacturers really as happy as the downstream market imagines?
actually not. After all, rising costs are a double-edged sword. It is good if they can be smoothly transformed into motivation for price increases. Otherwise, it will be a huge mountain weighing on production costs.
It is easy to see from the chart above that the profitability of all mainstream polyester filament products has shrunk during this period. For example, the profit margin of POY150D is currently around 364 yuan/ton, which is nearly 200 yuan/ton lower than the same period last month. In addition, the profit levels of FDY and DTY products are also around 100-200 yuan/ton compared with the same period last month. room for decline.
It can be seen from this that it is no wonder that polyester filament manufacturers will say: Don’t blame me for raising prices every day. In fact, I really don’t make that much money!
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