Compared with the recent continuous rise of cotton, spandex and viscose raw materials, the performance of polyester filament is unsatisfactory. The price of polyester filament has fallen since the middle of August, and it still maintains the downward trend in September. Among them, the decline of polyester FDY is the largest, with the specification of 150D / 96F falling by 4.59% in a month, and a year-on-year decrease of 33.09%, followed by polyester POY and polyester DTY.

Average price rise and fall of polyester filament Market in September, unit: yuan / ton

Year on year rise and fall of products from September 1, 2020 to September 30, 2020

Polyester POY (150D / 48F) 5304 5156 – 2.79% – 33.09%

Polyester FDY (150D / 96F) 5815 5548 – 4.59% – 29.46%

Polyester DTY (150D / 48F low elasticity) 6726 6570 – 2.32% – 29.51%

In the traditional sales peak season of “Jinjiu Yinshi”, the polyester factory is in a disadvantageous situation of loss and high inventory, and the weak terminal demand leads to the insufficient quality of “Jinjiu”. At the end of the month, with the increase of factory production and price and the arrival of stock market before National Day, the downstream purchasing sentiment was stimulated, and polyester production and sales were improved. According to statistics, as of 28 days, the average production and sales of mainstream large factories were 80% – 100%, and the production and sales of some promotional factories reached 120%. The overall stock of the market was concentrated in 35-44 days, including POY inventory of 13-17 days, FDY inventory of 24-35 days, and DTY inventory of 32-44 days Right, in terms of price, mainstream factories in Jiangsu and Zhejiang have increased by 50-100 yuan / ton. But the pace of replenishment slowed down, and the price fell again. As of September 30, the price of polyester POY (150D / 48F) was 5000.00-5250.00 yuan / ton, that of polyester FDY (150D / 48F) was 5450.00-5500.00 yuan / ton, and that of polyester dty150d / 48F (low elasticity) was 6400.00-6700.00 yuan / ton.

In the raw material market, although OPEC + production reduction and tight US crude oil supply supported the recovery of oil price, the rise was still limited by concerns about global demand. Many PTA units scheduled to be overhauled in September were delayed, but the continuous restart of multiple units led to PTA start-up load returning to more than 90%. The spot supply is still loose, and the intermittent high production and sales of polyester in the downstream has a very limited effect on PTA market. The market lacks of good, the market mentality is not good, and the buying and selling atmosphere turns weak. As of September 30, the average market price was 3315 yuan / ton, down 7.92% compared with the beginning of the month, and 35.42% lower than the same period last year.

Recently, the number of buyers from all over the home textile market of China Light and textile city has increased. The number of orders for online live broadcast counterpart customers has increased. Curtain cloth and decorative cloth continue to interact with each other. The marketing trend of decorative home furnishing fabric with polyester filament as the main raw material is quite optimistic, and the transaction continues to be pushed up. Most downstream enterprises began to increase orders in mid August, autumn and winter. Especially affected by the purchasing action before the National Day festival, the comprehensive starting rate of Jiangsu and Zhejiang looms gradually increased to more than 74%. However, the continuous follow-up of downstream orders is insufficient, and the overall number of orders is lower than in previous years.

Xia Ting, an analyst at the business agency, believes that in the raw material market, PTA’s short-term partial maintenance units have recovered, and the maintenance plan of some units has been delayed. In terms of demand, polyester starts to operate at a high level. However, there is an expectation of load reduction in October. Therefore, it is possible to reduce the purchase of raw materials. PTA is likely to continue to bear pressure and go down, and the cost side support is insufficient. At present, the inventory of polyester filament is still at a high level, and weaving manufacturers only purchase polyester filament at the time of big promotion or just in need. It is expected that in October, with the end of purchase orders in autumn and winter, the demand will further decline, the burden of excess supply will become more and more serious, and the price of polyester filament is likely to fluctuate downward.