According to the price monitoring of business associations, the price of PET filament has dropped sharply in this week. Among the mainstream factories in Jiangsu and Zhejiang, the polyester POY150D/48F is 5200-5600 yuan / ton, and the polyester DTY150D/48F is 7200-7700 yuan / ton, and the polyester FDY150D/96F is 5550-5950 yuan / ton.
In the past 7 days, the average price of polyester filament market has dropped.
| product|| 2020-3-20|| 2020-3-27|| Ups and downs|| Year on year rise and fall|
| Polyester POY (150D/48F)|| Six thousand and fifty-four|| Five thousand three hundred and sixty-four|| -11.40%|| -40.43%|
| Polyester FDY (150D/96F)|| Six thousand five hundred and fifty-five|| Five thousand nine hundred and forty-eight|| -9.26%|| -37.99%|
| Polyester DTY (150D/48F low elastic)|| Seven thousand nine hundred and ninety-five|| Seven thousand six hundred and thirteen|| -4.77%|| -27.83%|
Raw material market, early week PTA market price is affected by crude oil, aggravate market to chemical market pessimism anticipate, continue to drop. As central banks issued loose monetary policy to stimulate the market economy, crude oil rebounded and there was some support for the cost side. At the same time, the PTA plant announced the maintenance plan in April, and the PTA growth rate slowed down when the supply side growth rate slowed down. At present, the start-up load of PTA devices in China has been maintained at 69.94%, the anticipated restart of multiple PTA devices, and the shortage of terminal demand, so the market still has a cautious wait-and-see attitude towards the PTA supply and demand fundamentals.
Recent changes in domestic PTA installations
| manufacturing enterprise|| Unit capacity (10000 tons / year)|| Device operation dynamics|
| Hua Bin petrochemical|| One hundred and forty|| Enter maintenance in January 27th and plan to restart at the end of March.|
| Hon Bang petrochemical|| Sixty|| Enter maintenance in February 3rd, plan to restart at the end of the month.|
| Dushan energy|| Two hundred and twenty|| March 15th parking overhaul, planned maintenance for 2 weeks.|
| Fossilization|| Ninety|| In February 10th, it dropped to 7 to 9, and stopped at night in March 9th.|
| Hengli Dalian|| Two hundred and twenty|| Car maintenance is scheduled for March 12th, planned to restart in March 27th.|
| Fuhai creation|| Four hundred and fifty|| Car maintenance in March 12th, plans to restart this week.|
| Zhuhai BP|| One hundred and twenty-five|| The car has been overhauled at the end of the week, and is scheduled to restart near the end of the month.|
| Jialong Petrochemical Company|| Sixty|| Car maintenance in August 2nd, restart time to be determined|
The situation of China's epidemic prevention and control situation has been developing steadily, the demand side has gradually recovered, and the resumption of small and micro enterprises has been improving continuously. However, the start-up and order of textile enterprises have been decreasing gradually recently. According to the China Textile union investigation report, only 44.6% of the enterprises' orders reached 80% of normal situation, and 56.4% of enterprises chose insufficient demand and poor channels. The main difficulties faced by the battalion. The combined boot rate of Jiangsu and Zhejiang looms was 61%, down 7.50% from the beginning of the week. The market is still worried about demand. The enthusiasm of purchasing is weak. At the same time, the export of textile products is gradually increasing, and some foreign orders have been cancelled and shipments stopped. The production and marketing of the products are difficult to make, and the stock has risen slightly. Now the stock of grey goods in Shengze has risen to about 39-40 days.
Xia Ting, a business analyst, believes that the current production and marketing of polyester factories is flat and cheap, and inventory is the main reason. Domestic textile enterprises are more pessimistic and cautious. On the international side, it is estimated that the pressure of textile exports is more obvious in the first half of the year, and the negative impact of terminal demand will be a bottom-up to suppress the polyester market. In addition, the cost side support is insufficient, the contradiction between supply and demand of crude oil remains unchanged, and PTA's own supply side set up a number of devices to restart expectations. From a comprehensive perspective, the superposition of upstream and downstream profits is expected. Short term polyester filament market prices are still dominated by weak adjustment.