On August 30th, China's polyester filament market fell sharply. Among them, the mainstream factories in Jiangsu and Zhejiang had a large discount ranging from 50-300 yuan/ton. Polyester POY (150D/48F) was quoted at 7100-7250 yuan/ton, and polyester DTY( The price of 150D/48F (low elasticity) is 8600-8950 yuan/ton, and the price of polyester FDY (150D/96F) is 7400-7600 yuan/ton.
The market trading atmosphere has recovered, and the production and sales of mainstream factories are concentrated in the vicinity of 200%-400%. The overall inventory of the polyester market is concentrated in 16-26 days, of which POY stocks are around 13-22 days, FDY stocks are around 16-18 days, and DTY stocks are around 19-27 days.
The raw material PTA market is affected by the high production and sales of downstream polyesters, and Sichuan can invest 1 million tons of PTA equipment to shut down this morning, which is good for the PTA market, but the cost support has weakened, and the PTA price has been adjusted downward. As of August 30, the average PTA spot market price was 4985 yuan/ton, down -0.52% from the previous trading day and up 39.48% year-on-year.
In the terminal textile market, recent orders for various autumn and winter clothing and home textile fabrics lacked bright spots. At the end of August and early September, the warp knitting factories in Haining, Zhejiang are still expected to have poor orders. Only a few factories expect orders to pick up slightly. The operating rate of weaving in Shengze, Jiangsu has been steadily declining, and there is a lack of confidence in the market outlook. Some weaving factories dominated by production and inventory have been shut down during holidays. The decline in raw material prices has led to more cautious placement of new orders.
The end of the month is approaching and the polyester factories are on a big promotion, which will drive the purchasing enthusiasm of the terminal textile enterprises in the short term. However, the raw material PTA market fell in August, and the demand side trading atmosphere was light. It is expected that the polyester filament market will continue to decline in mid-to-early September. As domestic sales orders are placed around the Mid-Autumn Festival, the market may improve moderately, and weaving factories are generally waiting for the "Golden September" market to improve.
