On April 28, the domestic polyester filament market was temporarily stable. Among them, the prices of polyester POY (150D/48F) in mainstream factories in Jiangsu and Zhejiang were 7350-7600 yuan/ton, and the quotation of polyester DTY (150D/48F low elasticity) was 8800-9200 yuan/ Tons, polyester FDY (150D/96F) is quoted at 7450-7800 yuan/ton.
The average price of polyester filament market has risen and fallen. At present, the production and sales of polyester filament factories are light at around 3-5%, and the production and sales of some better factories reach 80%. In terms of inventory, the overall polyester market inventory is concentrated in 13-25 days, of which POY inventory is 7-13 days, FDY inventory is around 13-20 days, and DTY inventory is around 14-28 days.
Crude oil prices continued to rise. As of the close on April 27, the closing price of international crude oil WTI was 62.94 US dollars/barrel, and the closing price of BRENT was 66.42 US dollars/barrel. The supply of auxiliary material acetic acid is tight, and the price continues to rise. The current average market price is 8062 yuan/ton, up nearly 30% from the beginning of the month. The cost support for PTA has been strengthened and the cost has risen. Under the low processing fee, PTA equipment maintenance and production decreased more. As of April 27, the operating rate was around 78%, down about 4% from the previous month. The price continued to fluctuate and the upward trend was the main tone. On April 28, the main force of PTA futures 2109 closed at 4872 yuan/ton, an increase of 188 yuan/ton, a single-day increase of 4.01%; the average spot market price was 4760 yuan/ton, a single-day increase of 2.15%.
In terms of demand, the gold three silver four has come to an end, terminal demand has not exceeded expectations, and the lack of follow-up of new orders has restricted the factory's willingness to purchase raw materials. The operating rate of most textile clusters in Jiangsu and Zhejiang has been corrected, and the comprehensive operating rate has dropped from 86% in early April to around 82%.
SunSirs analysts believe that PTA will continue to destock in May, but due to the reduction in maintenance and the planned commissioning of 3.3 million tons of new production capacity of Yisheng New Materials, the rate of destocking is likely to slow down. It is rumored that the major major polyester filament manufacturers will engage in sales promotion tomorrow, which will stimulate production and sales, and the short-term demand will be improved due to the procurement and stocking before the May Day holiday. However, gradually entering the off-season for textiles, it is more likely that the polyester filament market will remain volatile and weaken in May.
