According to the price monitoring of the business agency, the overall polyester filament market showed a steady decline trend on September 29, among which polyester FDY and polyester DTY decreased by 0.30% and 0.10%, while polyester POY remained stable temporarily.

Average price rise and fall of polyester filament Market on September 29, unit: yuan / ton

Products up and down from September 28, 2020 to September 29, 2020

Polyester POY (150D / 48F) 5156 5156 0.00% – 33.09%

Polyester FDY (150D / 96F) 5565 5548 – 0.30% – 29.46%

Polyester DTY (150D / 48F low elasticity) 6576 6570 – 0.10% – 29.51%

With the arrival of factory production restriction and price increase and the arrival of stock market before National Day holiday, the downstream purchasing sentiment was stimulated and polyester production and sales were improved. According to statistics, as of 28 days, the average production and sales of mainstream large factories were 80% – 100%, and the production and sales of some promotional factories reached 120%, and the inventory pressure of factories was slightly relieved. The overall market inventory is concentrated in 35-44 days, including POY inventory to 13-17 days, FDY inventory to 24-35 days, and DTY inventory to about 32-44 days. However, the follow-up of downstream orders is insufficient, and the market is gradually indifferent. Today (29th), the prices of some mainstream factories dropped by 50-100 yuan / ton, among which polyester POY (150D / 48F) reported 5010-5250 yuan / ton, polyester FDY (150D / 96F) reported 5400-5560 yuan / ton, and polyester DTY (150D / 48F low elasticity) reported 6400-6600 yuan / ton.

In the raw material market, PX supply is sufficient, the market lacks confidence, and the performance of PX market is weak in the short term. Many PTA units scheduled to be overhauled in September were postponed, while the 700000 tons of Liwan polyester and 1.1 million tons of Zhuhai BPs were continuously restarted, driving the start-up load of PTA to more than 90%. Spot supply is loose, and the National Day holiday is around the corner, downstream polyester factories reduce the purchase of raw materials, PTA pressure callback. As of September 29, the average price of PTA spot market was 3325 yuan / ton, 1.25% lower than the previous day, and 35.19% lower than that of the previous day.

On the downstream side, the traditional marketing has been smooth in recent years, among which, the number of merchants entering the traditional market of China Textile City has increased, the number of online live orders has increased, the spot listing of autumn polyester and cotton fabrics has increased, the new and old varieties of fabric styles have been alternated, the listing cycle of popular fabrics has been accelerated, and the number of completed products has increased day by day. Some large-scale operation and some small and medium-sized business outlets increased the listing of T / C polyester / cotton blended fabric samples in autumn, mainly to absorb orders. Among them, to make school uniform, work clothes, leisure wear, professional wear based fabrics, part of the large-scale business market orders to undertake more smoothly. The operating rate of Jiangsu and Zhejiang looms is over 74%.

In terms of textile export, according to the statistics of the Ministry of industry and information technology, from January to August 2020, China’s textile and clothing exports reached 187.41 billion US dollars, a year-on-year increase of 5.62%, an increase of 0.05 percentage points compared with January July. In August, under the continuous promotion of anti epidemic textiles such as masks, China’s textile export volume was 14.72 billion US dollars, an increase of 46.96% year-on-year; the clothing export value was 16.21 billion US dollars, with a year-on-year growth of 3.23%, which was the first time that the positive monthly growth was restored after seven months of negative growth in the year.

Xia Ting, an analyst at the business agency, believes that the current weaving machine rate has increased, but downstream orders are difficult to maintain, and the overall number of orders is lower than in previous years. The weak demand is the main factor leading to the overall weakness of the polyester filament market. It is expected that in the short term, the market tends to be stable before the National Day holiday, and the price will keep rising in the first week after the return of the festival. However, after the middle of October, as the purchase orders in autumn and winter are basically completed, the demand will further decline. A small amount of just needed supplementary orders can not support the “silver ten” market, and the polyester filament industry will also face The burden of oversupply and the pressure of supply and demand are becoming more and more prominent. At that time, the price of polyester filament is expected to enter the downward channel.