Market Lack Of Good News To Guide Polyester Filament Prices To Fall By More Than 30% Year On Year

According to the price monitoring of the business agency, the market price of polyester filament began to fall in mid June, and the prices of various products continued to decline in July. Among them, the decline of polyester POY was 7.28%, followed by polyester FDY (- 6.73%) and polyester DTY (- 6.16%). At present, the price of polyester POY (150D / 48F) is 4900-5300 yuan / ton, FDY (150D / 96F) is 5450-5600 yuan / ton, and DTY (150D / 48F low elasticity) is 6300-6800 yuan / ton. Terminal textile industry entered the traditional off-season, raw material procurement enthusiasm is not high, the transaction atmosphere is general, the formation of drag on the price.

　　 Average price rise and fall of polyester filament Market from July 1 to July 20, unit: yuan / ton

Since July, the domestic PTA market price has risen first and then decreased. As of July 20, the average market price was 3521 yuan / ton, down 2.39% compared with the beginning of the month, and 45.33% lower than that at the beginning of the month. At the beginning of the month, the loose macro environment provided a certain support for the commodity market and crude oil, while suppliers continued to buy back to support the spot market, driving PTA prices up. With the supply and demand of PTA plant in the new stage, the supply and demand of PTA plant are further increased. In addition, crude oil also fell due to the further fermentation of public safety and health events, and the negative led to the price decline. However, the decline of crude oil inventory supported the market from the cost side, and at the same time, the maintenance of some units at the supply side or alleviated certain pressure effectively improved the trading atmosphere in the spot market, and the price rose slightly. However, under the background of terminal off-season, the supply and demand pattern of PTA market did not appear obvious improvement, and finally, PTA price entered into a weak adjustment pattern.

In the early stage, textile and garment orders are in short supply, and textile and garment orders are gradually reduced, and textile and garment orders are still on the decline at home and abroad. At the same time, the current demand in the summer off-season, polyester filament factory is also facing the plight of high operating, high inventory, the contradiction between supply and demand is prominent. For example, the transaction volume of polyester fabrics in the traditional market of China Light and textile city decreased, the transaction volume of imitation silk fabrics with polyester filament as the main raw material decreased, the turnover of thin fabrics decreased sharply, and the transaction of medium and thick fabrics in autumn was relatively limited. With the gradual rise of temperature and the continuous increase of inventory pressure, downstream texturing, weaving, printing and dyeing industries have heard that some enterprises have plans to stop and have a holiday. The comprehensive starting rate of Jiangsu and Zhejiang looms has been reduced to below 58%. At present, it is known that some weaving and printing and dyeing enterprises in Shaoxing have started summer vacation mode.

From the perspective of the textile industry, it is understood that in June, the total retail sales of clothing, footwear, knitwear and textiles reached 105.9 billion yuan, a decrease of 0.1% compared with the same period last year. From January to June, the total retail sales of clothing, shoes, hats and knitwear were 512 billion yuan, with a decrease of 19.6% over the same period. According to the latest statistics of China's General Administration of customs, the export volume of China's clothing is 29.6 billion US dollars in 2020, which is lower than that in 2020. Among them, the export value of textiles (including textile yarn, fabrics and products) was 16.156.8 billion US dollars, and that of clothing (including clothing and clothing accessories) was 12.874.7 billion US dollars. From January to June, China's textile and clothing exports amounted to US $125.188 billion, an increase of 3.16% year-on-year. Among them, the cumulative export of textiles was US $74.103.3 billion, with a year-on-year increase of 27.81%; and that of clothing was US $51.084 billion, down 19.39% year-on-year. Since the second quarter, with the surge in demand for epidemic prevention materials in Europe and the United States and other countries, textiles including masks have become an important support for China's export.

Xia Ting, an analyst at the business agency, believes that the current market trend of raw materials is weak, which gives negative support to the polyester filament market. At the same time, the textile market began to enter the traditional off-season in July. In the past years, it was a time for a weaving enterprise to accumulate grey fabric inventory. This year's public health events had affected the demand side and the domestic and foreign trade orders had dropped, and a large number of stocks were overstocked in the warehouse, which further aggravated the contradiction between supply and demand. Downstream factories have more and more strong willingness to reduce production, reduce load and holiday. The industry has become more and more interested in polyester filament enterprises The rumors of reducing the negative also gradually increased. Market lack of good news guidance, polyester filament prices are expected to be weak in the near future.