Polyester filament will rising prices

After all the calls came out, the traditional consumption peak season of the textile market finally arrived in September. At present, the operating rate of the industry has risen slightly, and the supply has increased; however, the overall downstream attitude is obvious, and the replenishment is mainly needed, and the trading atmosphere on the market is light.

After all the calls came out, the traditional consumption peak season of the textile market finally arrived in September. At present, the operating rate of the industry has risen slightly, and the supply has increased; however, the overall downstream attitude is obvious, and the replenishment is mainly needed, and the trading atmosphere on the market is light.

So in the short term, will polyester filament take advantage of the east wind of Jin Jiu and usher in a wave of rising prices?

The raw material market supply has been boosted

Recently, the PTA market is in a stalemate. Although the large-scale equipment on the supply side is expected to be overhauled, the time has not been determined. And it is approaching the end of the month. In terms of PTA supply in September, Jialong Petrochemical and Yizheng Chemical Fiber are facing restarts, and new equipment is facing production. The supply side is more ample , It is expected that the PTA market price will continue to fluctuate in the short term, with the operating range of 5000-5200 yuan/ton.

In terms of ethylene glycol: some overhaul devices have restarted, and the expected arrival at the port next week is 162,000 tons, and there is an increase in the supply side. The short-term contradiction between the supply and demand side of ethylene glycol is not sharp, and domestic ethylene glycol is expected to maintain a volatile pattern. So in general, the raw material end is weakly supporting polyester yarn in the short term.

Recently, the market supply of polyester filaments has been increasing. According to Jinlianchuang's understanding, from July to August, a total of 1.2 million tons of new production capacity of polyester filaments were added. By the end of August, the new equipment had been operating normally and was exported and shipped.

In addition, at the end of August, the polyester filament factory operating rate has steadily increased to over 94%, so the polyester filament market supply has increased rapidly. As the supply continues to increase, there is currently no pressure on the inventory of polyester filament yarns, and the cash flow is optimistic. Many companies still look forward to the arrival of the peak season of the downstream Jinjiu.

Downstream demand has rebounded significantly

Near the end of the month, orders in the downstream weaving market increased significantly, and the comprehensive operating rate of looms in Jiangsu and Zhejiang rebounded by approximately 78%. The enthusiasm for orders, proofing, and inquiries are better than the previous period, especially for water jet loom orders slightly warmer than the previous period, and the inventory of weaving manufacturers has also declined. But overall, the replenishment at the end of the month lacked raw materials and order support, and cautious and wait-and-see sentiment still dominated.

What is the trend of polyester yarn in the short term?

With the advent of September, the polyester industry chain has ushered in a little restlessness, so can the polyester yarn entering September usher in a rising market as expected?

First of all, from the perspective of cost, the contradiction between supply and demand in the PTA field is not prominent, but there is an expectation of maintenance for the equipment of large PTA plants in the later period, and the start of polyester production is likely to rise, and there will be some support for the demand for PTA in the later period;

Secondly, from the perspective of supply and demand, the downstream overall wait-and-see mentality is obvious at this stage, and the trading atmosphere on the market is light, but the replenishment cycle is approaching, and there may be certain expectations of production and sales in the later period. Therefore, it is expected that in the short term, polyester filament may show shocks. Focus on the trend of the later raw materials and the downstream replenishment situation.