From December 6 to 10, the domestic polyester filament market has maintained a downward trend and has been falling for 7 consecutive weeks. Among them, the largest decline is polyester DTY (-1.84%), followed by polyester FDY (-0.76%) and polyester POY (-0.61). %). Currently, mainstream polyester filament factories in Jiangsu and Zhejiang provinces offer polyester POY (150D/48F) at 6850-7250 yuan/ton, polyester DTY (150D/48F low elasticity) at 8500-8950 yuan/ton, and polyester FDY (150D/96F). At 7300-7600 yuan/ton.
The cost-side crude oil market has reached a relatively low level and has ushered in a strong rebound this week. However, as the impact of the mutant virus strain Omicron on the economy fermented again, rekindling worries about economic recovery, the end of the week was under pressure to fall back. During PTA week, the factory was overhauled and production was reduced. The industry operating rate fell below 72%. PTA destocked slightly. After 8 consecutive weeks of decline, it ushered in an upward trend. As of December 10, the average domestic market price in East China was 4656 yuan/ton. This is an increase of 3.63% from the beginning of the week and a year-on-year increase of 32.98%.
In terms of demand, this year is a warm winter, and the domestic market for autumn and winter fabrics appears to be particularly light. Weaving factory inventories continue to rise, and the inventory is relatively large in the vicinity of 2 months. Entering December, foreign trade orders have not improved significantly, and the terminal weaving market has declined. In addition, the recent printing and dyeing factory orders have been significantly reduced, and subsequent or early holidays, the overall production enthusiasm of the weaving factory is not high, and the current operating load of Jiangsu and Zhejiang looms is about 65%.
The reduction of the supply side brought about by the centralized overhaul of the raw material PTA plant equipment has brought a boost to the cost. However, the current terminal orders are still relatively light. At the same time, there are concerns about uncertainties in the foreign trade market after the year. It is expected that the weaving factories may be relatively cautious in stocking before the Spring Festival, and the holiday may be earlier than in previous years. Poor demand will restrict the upward trend of the polyester filament market. In the near future, we still need to pay attention to the impact of the epidemic situation in Jiangsu and Zhejiang on logistics.