According to the price monitoring of business society, the domestic polyester filament market continued to rebound slightly this week (September 20-26). As of September 26, for mainstream factories in Jiangsu and Zhejiang, the quotation of polyester POY (150D / 48F) is 7250-7600 yuan / ton, that of polyester DTY (150D / 48F low elasticity) is 8900-9200 yuan / ton, and that of polyester FDY (150D / 96F) is 7850-8000 yuan / ton.
Rise and fall of average price of polyester filament market this week, unit: yuan / ton
product 2021-9-20 2021-9-26 Rise and fall Year on year rise and fall
Polyester POY (150D / 48F) seven thousand three hundred and eleven seven thousand five hundred and twenty-seven 2.96% 46%
Polyester FDY (150D / 96F) seven thousand seven hundred and twenty-one seven thousand nine hundred and thirty 2.70% 42.50%
Polyester DTY (150D / 48F low elasticity) eight thousand seven hundred and ninety-seven eight thousand nine hundred and seventy-four 2.02% 36.47%
Raw crude oil continued to rise at a high level, strengthening cost support. As of September 24, the settlement price of the main contract of WTI crude oil futures in the United States was reported as US $73.98/barrel, and the settlement price of the main contract of Brent crude oil futures was reported as US $78.09/barrel. The maintenance of PTA unit increased, and the start-up of the industry decreased to less than 70%. Meanwhile, the supplier Hengli Petrochemical’s supply decreased by 30% in October, and there is no pressure on the supply side. This week, the domestic PTA market fluctuated upward, and the average price in the spot market was 5160 yuan / ton, with a weekly increase of 4.40% and a year-on-year increase of 51.73%.
The quality of the “golden nine silver ten” in the textile terminal industry is insufficient. Affected by the power limitation of weaving enterprises and the “double reduction and double control” of printing and dyeing plants in Jiangsu and Zhejiang, the operating load of looms has rapidly decreased to less than 55%. In terms of export, the continuous rise of sea freight, the lengthening of transportation turnover time and the increase of logistics costs continue to put pressure on overseas orders of textile and clothing.
Business analysts believe that the polyester market has maintained an upward momentum driven by the positive cost side. It is expected that the price of polyester filament will remain volatile and upward before the National Day holiday. However, the current power restriction in Jiangsu and Zhejiang has a great impact on the downstream weaving and printing and dyeing industries, and the demand side shrinks sharply, which will highlight the contradiction between polyester filament supply, so the price increase will not be too large.
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