The Cost Is Strong And The Polyester Staple Is Turning.

Recently, when the cost side continues to rise, the polyester staple fiber market is centrally shipped, the inventory of enterprises is generally low, and some enterprises are even in the state of being in short supply. So although the downstream demand is still against the source of the rise, the market has the resistance to continue to rise, but considering the current situation of factory losses and the shortage of goods, it is expected that the short-term market price will continue to run warmer.

Cost side support strong

Driven by strong crude oil, PX has gone up sharply, and the upstream polyester raw materials market has rebounded. Recently, the PTA spot in eastern China is mainly 5495~5505 yuan / ton, and MEG mainstream 4270~4285 yuan / ton. The increase in upstream raw materials was mainly due to the warmer demand in the downstream market and the good release from the supply terminal. The polyester operating rate rose to 88.01%, and the load of the Jiangsu and Zhejiang looms remained at 74%, a slight increase compared with the low level of the previous 72%.

Generally speaking, the rise of the cost side has led to the short term rise of PET staple.

Factory inventory eased

At present, the stock of polyester staple fiber factory has been effectively alleviated, and the focus of the discussion has a slight upward trend. Since the Dragon Boat Festival holiday, the direct spinning polyester staple fiber enterprises have accelerated the inventory process, and some enterprises even have a tight supply situation.

At present, for the polyester staple itself, although the demand side has a lot of negative emotions, the production enterprises themselves are losing money or even losing money. Under the background of low inventory prices, the market price has dropped down, and the cost side is good.

Downstream production and sales slightly warmer

After the Dragon Boat Festival, the focus of polyester market has been declining. Due to the slow season, inventory has increased significantly, although most of the regional prices have been reduced by 200-300, but the effect of orders and inventory mitigation is limited. Some of the yarn enterprises are stock for more than 20 days. However, due to raw materials and macro aspects, orders for polyester yarn are rising, and orders are slightly warmer than before.

What is the trend of polyester staple in the near future?

PTA short-term memory in multiple maintenance plans, may change the pattern of supply and demand in the past two months, but from the downstream yarn and grey cloth market, inventory is at a high level today, the situation is not optimistic. In addition, the maintenance time of PTA is shorter in the near future. futures The market can be timely reflected, the spot impact is limited, and there will be no substantial decline until the next round of new maintenance plans are implemented. It is expected that the driving force of PTA rise will not be enough, and the yarns will be weakened or down.

Polyester staple fiber may rebound slightly in the past two weeks. In the long run, it will still fall. (source: Keqiao Spin index Long Zhong information)