According to the price monitoring of the business community, today (November 4), the quotation of mainstream factories in Jiangsu and Zhejiang was reduced by 300-500 yuan / ton, the quotation of polyester POY (150D / 48F) was 7850-8200 yuan / ton, the quotation of polyester DTY (150D / 48F low elasticity) was 9900-10310 yuan / ton, and the quotation of polyester FDY (150D / 96F) was 8300-8400 yuan / ton. In terms of inventory, the overall inventory of polyester market is concentrated in 16-26 days, including POY inventory to 12-19 days, FDY inventory to about 15-17 days, and DTY inventory to about 17-25 days.

product 2021-11-3 2021-11-4 Rise and fall Year on year rise and fall

Polyester POY (150D / 48F) eight thousand five hundred and twenty-seven eight thousand and eighty-three – 5.21% 50.36%

Polyester FDY (150D / 96F) eight thousand seven hundred and ninety-eight eight thousand three hundred and ninety-eight – 4.55% 51.83%

Polyester DTY (150D / 48F low elasticity) ten thousand five hundred and sixty ten thousand one hundred and sixty – 3.79% 43.34%

On November 3, the international oil price fell sharply. The settlement price of the main contract of WTI crude oil futures in the United States was US $80.86/barrel, down US $3.05 or 3.6%, and the settlement price of Brent crude oil futures was US $81.99/barrel, down US $2.73 or 3.2%. The Fed tightened monetary policy and reduced the scale of bond purchase. In addition, the US Energy Information Administration (EIA) recently reported that the US crude oil inventory increased more than expected last week.

The domestic PTA market continued to decline. The average price in the spot market was 4961 yuan / ton, down 1.90% from the previous day. The main PTA futures 2201 closed 5002 and settled 5020, down 150, down 2.91%. In terms of supply and demand, Sichuan energy investment 1 million tons and Hengli Petrochemical 2.2 million tons of units have been overhauled successively, and the industrial start-up load is around 82. At present, PTA stock is sufficient, and there is not much device maintenance before the end of the year.

In the downstream market, the dual control policy of energy consumption in Jiangsu and Zhejiang has been relaxed. Since the end of October, the comprehensive start-up rate of Jiangsu and Zhejiang looms has significantly increased to more than 65%. Most people in the market believe that with the easing of the power restriction policy, the start-up of texturing, weaving and printing and dyeing has gradually recovered, and the enthusiasm of the factory to undertake orders after December has rebounded. However, due to the impact of terminal demand, it is still difficult for the operating rate to return to the previous high. At the same time, due to the downward trend of the current raw material market, the wait-and-see atmosphere of downstream factories has increased, and the procurement enthusiasm is not high.

Business analysts believe that the decline in temperature drives the rigid demand for home textiles and clothing fabrics in winter, but with the gradual closure of orders in autumn and winter. Superimposed on the sharp decline of crude oil, PTA accumulated, and the cost side support began to weaken. The demand side terminal enterprises have a wait-and-see atmosphere, a cautious purchasing mentality and purchase on demand. In the short term, the price of polyester filament will remain mainly down under the downward cost and weak demand.