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Cost Effective Support Polyester Filament Market Led The May Chemical Fiber Market

2020/6/1 18:09:00 0

Polyester Filament

commodity industry May 1st price May 28th price Monthly rise and fall Year-on-year
Polyester FDY Spin Five thousand six hundred and forty-eight point three three Six thousand three hundred and twenty-three point three three 11.95% -20.93%
Polyester POY Spin Five thousand and sixty-four Five thousand five hundred and thirty-four 9.28% -28.17%
Polyester DTY Spin Six thousand nine hundred and seven point five Seven thousand two hundred and sixty-three point seven five 5.16% -22.52%
Nylon FDY Spin Fifteen thousand seven hundred and fifty Sixteen thousand two hundred and fifty 3.17% -23.89%
Polyester staple fiber Spin Six thousand six hundred and one point six seven Six thousand seven hundred and twenty-two 1.82% -15.70%
Nylon POY Spin Twelve thousand five hundred and twenty Twelve thousand seven hundred and twenty 1.60% -25.61%
Nylon DTY Spin Fifteen thousand one hundred and sixty-six point six seven Fifteen thousand three hundred and thirty-three point three three 1.10% -23.21%
Viscose staple fiber Spin Nine thousand six hundred and twenty-eight point five seven Nine thousand five hundred and twenty-eight point five seven -1.04% -22.32%
spandex Spin Thirty-two thousand and six hundred Thirty-one thousand and nine hundred -2.15% -6.73%

According to the price monitoring of the business community, 7 kinds of commodities rose in the 9 products of the chemical fiber board in May, namely, polyester FDY (11.95%), polyester POY (9.28%), polyester DTY (5.16%), and 2 kinds of goods dropped, namely viscose staple fiber (-1.04%) and spandex (-2.15).

   Polyester filament

Since May, the domestic polyester filament market is showing a trend of upward trend, leading to the entire chemical fiber market, and all kinds of products have risen to varying degrees, of which polyester FDY increased by 11.95%. The trend of the cost side is strong, which is the main reason to raise the price of the polyester filament market. Since May, the crude oil market has formally invested in the production reduction process since OPEC+. The supply and demand situation continues to improve and oil prices rise. The PTA market has entered the overhaul with the installation, and the load started from 93% at the beginning of the month to 87%. The impact of crude oil stimulation, self device failure, overhaul and so on has kept the price rising as a whole. The average price of the market as of 27 days is 3583 yuan / ton, or 8.87%. Secondly, in the downstream textile market, the order volume in May has improved compared with that in April. The stock of polyester filament has declined. The main reason is that, on the one hand, a few textile enterprises have changed the past purchase strategy with the purchase and purchase strategy, and have chosen to buy raw materials in advance, and some traders have also chosen to buy bottom goods, and polyester filament enterprises. Stock pressure has been shifted to a certain extent. On the other hand, domestic demand has gradually recovered, and goods are better than before. Manufacturers' enthusiasm has increased, and loom operating rate has increased by more than 64%. At the same time, some overseas countries announced the release, and export sales were quietly starting, and enquiries increased gradually.

It is worth noting that at present, the problem of high load and high inventory of raw materials has not been fundamentally solved, and the continued rise of PTA is still under pressure. Although the demand side of the downstream terminal has improved, the number of orders began to decrease rapidly after entering mid May, and the market entered the traditional off-season. The order performance is not stable, and prudence is the main reason for raw material purchase. If the follow up order can not be followed up in time, the possibility of loom load reduction will not be eliminated in the late June. To sum up, the negative factors in the upstream and downstream markets remain. It is expected that the rise of polyester filament in June will come to an end.

   Nylon filament

As of May 28th, Jiangsu nylon filament DTY reported 15333 yuan / ton, compared with the beginning of May, rose 167 yuan / ton, or 1.10%, down 23.21% compared with the same period last year; the price of nylon POY was 12720 yuan / ton, up 200 yuan / ton, or 1.60%, down 25.61% from the same period last year; the price of nylon FDY was 16250 yuan / ton, and the price increased by 500 yuan / ton, or 3.17%, down from last year. The multinational economy has gradually recovered, crude oil prices have continued to rise, support for upstream raw materials has been surging, while the supply of caprolactam in the downstream market has been pushing up. However, the supply of cyclohexanone has returned to a higher level in late June, the high price has been reduced, the market has emerged at a low price, and the external quotation has stabilized. In mid May, part of the caprolactam unit was restarted and the market price was increased by 10100-10300 yuan / ton. Due to the supply of raw materials, PA6 prices continue to rise, but the actual turnover has not been greatly improved, upstream raw material supply will be improved. In May, the price of raw materials market generally increased, driving the price of nylon filament manufacturers to raise prices. However, there was no big improvement in downstream demand, and the driving force was still lacking.

In the first half of May, crude oil rose strongly to support the raw material of nylon filament, and at the same time, due to partial shutdown and delayed recovery of ca. However, the crude oil rose later, the derivatives increased slowly, the downstream demand was light, the supply of caprolactam was gradually restored, and the market returned to stability. Sino US trade relations are tight, crude oil may be sensitive to this situation and will not rule out a fall. Once the cost of raw materials is collapsed, nylon filament can not be spared. It is expected that the price chart of nylon filament will be stable and the price will be increased cautiously.

   spandex

The spandex market maintained a slight decline in May. As of May 28th, the average price of 40D specifications was 31900 yuan / ton, down 2.15% from the beginning of the month, down 6.73% from the same period last year. The mainstream discussion of 20D spandex in Jiangsu and Zhejiang area is 36000-37000 yuan / ton; 30D spandex mainstream negotiation reference 34000-35000 yuan / ton; 40D spandex mainstream negotiation reference 28500-30000 yuan / ton, manufacturers supply stable, 8 of the industry started to run high and run high. The PTMEG market in the upper reaches continued to be weak and stable, the factory started to decline further, and the industry started 5 percent. The pure MDI market is running on the high side, and the spot supply is tight. Downstream enterprises started low, Zhejiang Shaw round machine, the yarn market began to maintain a level of 3-6, the procurement of raw materials to be cautious.


At present, the spandex market is in a stalemate, and factories are starting to run high. Upstream raw materials market turbulence consolidation, pure MDI although uplink, but spandex cost side support is limited. The actual demand of terminal customers is not much followed up, and orders are few. They are all on demand, and the atmosphere of the transaction is weak. On the whole, the fundamentals are lacking in substantial benefits. It is expected that spandex prices will be dominated by weak adjustment in the near future.

   Viscose staple fiber

By the end of May 28th, the average price of domestic 1.2D*38mm viscose staple fibers was 9528 yuan / ton, down 100 yuan / ton compared with the beginning of May, or 1.04%, down 22.32% from the same period last year. There are viscose manufacturers in the production stage, prices remain high, the end of the month than the middle of the month prices have been warmer, the main factory's quotation at 9200-9500 yuan / ton. After the May 1 holiday, the market order was generally low, the demand for cotton lint was weak and the viscose weakness was down. As the processing of most of the short staple processing plants in Xinjiang has basically ended, the output of cotton linter has been gradually reduced, and the downstream purchasing strength for short staple has not been very strong. Some chemical fiber factories and refined cotton plants have not been started yet. A small number of middlemen have been purchasing. The local area has slightly increased at the end of the month, and the cotton linter (Shandong industrial grade) price is 3500-3600 yuan / ton. As of May 27th, the average price of 30S ring spun cotton yarn was 14100 yuan / ton, down 700 yuan / ton compared with the beginning of the month, or 4.73%, 30S cotton yarn manufacturer reported 12800-15500 yuan / ton, the general order of cotton yarn and the downward pressure on the price. But the cost is strong, and the price of cotton yarn is flat at the end of the month, entering a new stable stage. It is worth noting that since the entry of 2020, the quotation of the cotton producers has almost no signs of rebounding, and has been on the defensive.


Cottonseed prices were raised under the support of cottonseed oil, but the processing of cotton lint was basically over, with little cost. At the end of the month, some chemical fiber factories and refined cotton factories resumed production, and cotton lint was purchased in small quantities, which stimulated the manufacturers to raise their prices. However, volume trading is still more difficult at present, limiting the development of cotton lint market, with only partial price raising, and the market is still dominated by stability. Viscose prices in the month of 9000-9500 yuan / ton shock, manufacturers generally order. Viscose industry chain, supply is sufficient, orders warmer, basically after the steady operation of the paragraph, it is expected that short-term market adjustment is not big, the strategy of cotton manufacturers will remain unchanged, maintaining stability offer.

   Xia Ting, a business analyst. Insufficient demand is still the biggest problem that plagued the chemical fiber market. Although the demand for terminal has been improved, the number of orders has begun to decrease rapidly since mid May, and the market has entered the traditional off-season. The order performance is not stable, and prudence is the main reason for raw material purchase. If the follow up order can not be followed up in time, the possibility of loom load reduction will not be eliminated in the late June. At the same time, from the export point of view, there is still a big gap from last year. Customs data show that in 1-4 months, the total export volume of textiles and clothing in China was 66 billion 626 million US dollars, down 12.06% from the same period last year, of which the total export volume of textiles was 37 billion 311 million 500 thousand US dollars, up 2.90% over the same period last year. The total export volume of garments was 29 billion 308 million 900 thousand US dollars, down 22.33% from the same period last year. This is mainly due to the surge in export of anti epidemic products in textiles in April, which has increased the overall export volume of textiles, while garment exports have declined further. It is expected that the adjustment of the chemical fiber market in June will be more vulnerable.

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