1、 Price trend
According to the price monitoring of business agency, the spot price of domestic polyester staple fiber fell in March. As of March 31, the average price of domestic polyester staple fiber spot market was 7140 yuan / ton, down 9.98% compared with the price of 7931 at the beginning of March, and 19.63% year-on-year. All manufacturers’ quotation has been increased by 700-1000 yuan / ton.
Futures market, short fiber main futures (2105) ended early in March 31 at 6879, down 1492, or 17.84 percent, from 8304 in early March. In March, international oil prices fell nearly 13% after the high in the early month, and the prices of PTA and glycol, short fiber materials, followed by a sharp drop.
The cost has been greatly reduced, the trade middlemen drop their goods, the downstream stores are sufficient to insufficient procurement, the production and marketing of polyester staple fibers have fallen greatly, and the spot prices in the period are all down. At present, the supply and demand situation of short-term fiber has not been reversed, after the price falls, the industry profits continue to compress, processing difference has been reduced to a lower level, and the short-term downward space or limited.
2、 Factors affecting prices
1. PTA: the domestic PTA spot market price fell from the high in early March. As of March 31, the average price of the spot market was 4413 yuan / ton, down 6.96% compared with the beginning of the month, up 37.43% year on year. With the continuous decline of profits, most of PTA plants have lost money, resulting in the shutdown of many PTA plants. The number of new cases in Europe increased, the blockade and restriction measures were restarted, and the market worried that the blocked vaccination process in Europe would damage the economic recovery and fuel demand. Crude oil fell sharply, which dragged down the center of chemical industry market and weakened the support for PTA cost.
2. glycol: domestic glycol spot market prices rose and fell in March. As of March 31, the average spot market price was 5333 yuan / ton, down 11.85% from the beginning of the month, up 58.42% year on year. Factors such as European epidemic control policies affect the price of crude oil diving, ethylene also enters the callback range, price fluctuation and downward, cost side support is weak, downstream chemical fiber production and marketing are relatively light, the volume of shipment continues to be low, and the supply and demand pattern is not good. From the perspective of the trend of previous years, March and April are all bottom prices. Only affected by the early speculation this year, the price decline trend is more clear Obviously.
3. polyester yarn: the domestic polyester yarn market price fell slightly in March, and there was a sign of stabilization at the end of the month. As of March 31, the average market price of polyester yarn was 14266 yuan / ton, down 3.39% compared with the beginning of the month, up 5.37% year on year. At present, the raw material inventory of yarn enterprises can be used to the first and middle of April, and the pre-sale orders before and after the Spring Festival are mainly completed before and after April, and the external quotation of the enterprises is not positive. Polyester yarn spot sales are weak, quotation and transaction price touch the top to fall, inventory accumulation, price weak adjustment.
3、 Post market forecast
Analysts at business agency said international oil prices fell in March, with PTA and glycol falling upstream. After the festival, the market is in a hurry for a large number of goods preparation due to the early demand for downstream construction, and the domestic short fiber production and marketing and price are rising. At present, the raw material inventory of the textile factory is high, the end market is worried about the trade situation, the order is not expected, the willingness to replenish is weak, and the wait-and-see mood is strong, and the digestion of inventory is the main one recently. However, with the digestion of raw materials, the downstream will meet the demand for replenishment; in addition, the profit of short fiber has been reduced to a lower level after the continuous decline, and there is little room for further decline. At present, enterprises with unknown industrial chain choose to buy as you like. The price of staple fibers may stop falling later than expected. In the future, the pressure of short-term polyester short-term fiber tired storage is still in, or is still slightly weak shock. However, in the medium term, with the coming of a new procurement cycle downstream, the processing differential compression has repair kinetic energy, polyester staple fiber or in April ushered in a shock rebound.
| http://www.lubonchem.com/ |