According to the price monitoring of the business agency, the domestic polyester filament market has stopped falling recently (August 11-23). Among them, polyester DTY increased by 1.19%, polyester FDY and polyester POY increased by 0.58% and 0.47% respectively. At present, the price of polyester POY (150D / 48F) is 7750-8300 yuan / ton, the price of polyester DTY (150D / 48F low elasticity) is 9000-9550 yuan / ton, and the price of polyester FDY (150D / 96F) is 8400-8750 yuan / ton in the mainstream polyester filament factories in Jiangsu and Zhejiang.

Under the influence of high temperature, the phenomenon of power and production limitation occurred frequently. Since the middle of August, most weaving and textile enterprises in Jiangsu and Zhejiang have received the notice of peak shift power limitation. The power on rate of polyester plants showed a downward trend with the issuance of the power limit policy. Most of the large plants maintained the state of production reduction, and the overall operating rate was around 77%.

Rise and fall of average price of polyester filament Market unit: yuan / ton

Commodities, August 11, August 23, up and down, year-on-year up and down

Polyester FDY., 8480%, 85300.58%, 10.14%

Polyester DTY, 9270, 9380, 1.19%, 4.00%

Polyester POY, 7961, 7998, 0.47%, 8.11%

In terms of cost, affected by the new progress of the Iran nuclear agreement and the worries about the future economic recession, the international crude oil futures price has been weakened recently. As of August 22, the settlement price of the main contract of WTI crude oil futures in the United States was US $90.36/barrel, and the settlement price of the main contract of Brent crude oil futures was US $96.48/barrel.

However, today (August 23), PTA prices rose significantly, and the main futures rose 3.98% to 5588 yuan. PTA in the spot market rose, with the average market price of 6200 yuan / ton, up 2.24% over the previous trading day and 24.88% year-on-year. This is mainly due to the low operating load of the PTA industry as a whole and the impact of the temperature beginning to drop this week. The end textile industry is expected to relax the power restriction policy, so the end demand is expected to improve month on month. With the comprehensive boost, PTA prices rebounded.

From the perspective of the current demand terminal, textile and clothing consumption is still in the off-season, mainly maintaining the demand. Under the influence of high temperature and power limitation, the terminal weaving load was kept at a low level, and the comprehensive startup rate of Jiangsu and Zhejiang looms was reduced to below 48%. Orders are still insufficient, so we should be cautious about raw materials.

Business analysts believe that in terms of cost, the expected drop in demand will still drive the crude oil price downward, the PTA industry load will slightly increase to more than 71%, and the supply will also slowly recover. In the terminal textile industry, the textile enterprises have obvious intention to reduce inventory, and they hold a wait-and-see attitude towards raw material procurement, and it is difficult to significantly improve in the short term. In a comprehensive view, the weak situation of both the cost side and the supply and demand side still exists, and the polyester price will remain under pressure.