Cost Side Good Support Polyester Filament Prices Continue To Rise

According to the price monitoring of the business agency, the domestic polyester filament market has maintained an upward trend this week. Among them, the quotations of polyester POY (150D / 48F) of mainstream factories in Jiangsu and Zhejiang are 7800-8050 yuan / ton, that of polyester DTY (150D / 48F low elasticity) is 9300-9600 yuan / ton, and that of polyester FDY (150D / 96F) is 7900-8200 yuan / ton.

Average price rise and fall of polyester filament market this week, unit: yuan / ton

PTA raw materials market, July 22, the domestic futures market opened, the main futures contract strong limit, 5330 yuan / ton, up 5.00%. The average spot market price was 5361 yuan / ton, with a weekly increase of 3.73% and a year-on-year increase of 51.83%. Under high temperature, polyester demand remained in the off-season, and the operating rate was close to 90%. PTA plant maintenance maintained a high level, and the recent typhoon weather in East China had an impact on its transportation, which exacerbated the contradiction between local supply and demand in the short term. At the same time, the oil price stabilized and recovered, and the support at the support end increased, resulting in PTA market rising.

Due to the improvement of downstream fabrics in autumn and winter, early preparation and better expectation in the second half of the year, the weaving end has already begun to rebound, and the starting rate has risen sharply. At present, the comprehensive starting rate of looms in Jiangsu and Zhejiang regions is 79.63%, higher than that of the same period last year, and the weaving market has turned warm. Among them, the autumn orders in Shengze area were sporadically issued. Due to the rising price of raw materials, some weaving factories produced ahead of time. Foreign trade orders can be made in August, and subsequent foreign trade orders may be issued. In Changxing weaving Market, low-cost grey fabric was delivered quickly. In autumn, a small number of domestic orders were issued, while foreign trade orders were successively issued. Some factories said that the orders took 2-3 weeks, and more orders could reach about 4 weeks.

Business agency analysts believe that near the end of the month, and with the textile market orders in autumn, the atmosphere for raw materials procurement has improved, but the pursuit of caution. PTA raw materials in the short term will continue to be warmer under tightening expectations, still need to close the oil market dynamics and guard against the risk of price fall after typhoon speculation. It is expected that in the short term, the price of polyester filament will remain volatile, but the increase will be narrowed.