Under The Background Of Weakening External Relations, Is It Possible To Boost Pure Polyester Yarn?

The overhaul of PTA sets of equipment and the easing of trade relations are expected to continue to rise. The polyester staple fiber has also risen sharply under the slight pressure. The market price of PET staple fiber has also risen by 1100 yuan / ton in the month. This week, the raw materials of polyester raw materials were stable and then increased. The downstream and terminal units had a certain stock of raw materials after the early period of storage. The wait-and-see mentality was obvious, the trading atmosphere in the field was light, and the overall production and sale data of polyester were relatively general. However, on Wednesday morning, the macro side suddenly came favorable. China and the United States are willing to resume trade negotiations between the two countries. With this boost, commodity futures have risen sharply, and the main futures of PTA have risen sharply in the afternoon. On Thursday, with the support of multiple benefits, polyester factories increased their quotations substantially, and the mainstream talked about the rise of the center of gravity. However, after the downstream passive storage, demand fell somewhat, and the overall production and sales data dropped. However, at present, the phenomenon of Oversale in polyester field is more serious. There are more than one to two weeks' overselling in some factories of polyester staple fiber. With this boost, some factory quotes continued to increase on Friday. However, after filling the warehouse, the stock of raw materials has been fully prepared and more cautious.

In terms of pure polyester yarn, the market price of pure polyester yarn is first suppressed and later raised. At the beginning of the month, the price of polyester staple fiber was dragged down by the overall market atmosphere, and the downstream demand was not good. The price of the polyester polyester yarn was under 600 pressure. In the middle of the year, the PTA market increased considerably under the expected background of the overhaul of several sets of equipment and the easing of trade relations. The market of polyester staple fiber continued to climb under the pressure of micro deficit. However, the demand for downstream textile enterprises still did not improve significantly, and the conduction to pure polyester yarn was limited. This week, the international trade relations once again showed a tendency to relax. PTA futures rose sharply, leading to a wave of polyester staple fiber enterprises. The rise has led to an increase in foreign trade orders for pure polyester yarn, and the pressure on inventory has improved. Considering the resistance of the downstream to the sharp rise in prices, pure polyester yarn and its strength are limited. At the close, the mainstream price of T32S in Fujian area was 12800-13000. In Jinzhou area, T32S did not contain tax mainstream talks, concentrated in 11700-11800, pricing by quality; the T21S mainstream talks in Xiaoshao district were concentrated at 12100-12200; and the mainstream negotiation of pure polyester yarn in Rugao was concentrated at 11500. (unit: yuan / ton)

The inventory of the downstream fabric market is relatively high, and it is difficult to pick up in the short term. Some of the autumn orders will drive inventory changes. At present, the impact is limited, and the fluctuation of upstream prices has little effect on the grey cloth. In June 2019, the average comprehensive starting rate of weaving in China was 57.03%, which was 9.75% lower than that in May. The average diameter of large circular knitting machines was 32%, 9.08% lower than that in May, 66% for water jet looms, 12.66% for May, 74% for air-jet looms, and 7% for May. According to the survey results of the sample enterprises, the inventory of finished products of 100 -300 looms is mostly 38-55 days, 90 days for individual grey fabrics, 20 orders for looms and the following enterprises are mostly order production, and the stock of finished products is mostly 7-10 days. In June, most products had bottoming out, while weaving orders were slightly warmer than before, but not very obvious. -8 off-season off-season, downstream demand is still weak in the short term.

OPEC is expected to reduce production and tight relations between the US and Iran, or continue to boost oil prices, or a certain boost to polyester raw materials. In early July, PTA had a 4 million 500 thousand ton / year device with maintenance plan, and the overall inventory of polyester enterprises was low, and the operating rate continued to maintain at a high level. The PTA fundamentals supported well, and the market still had some room for improvement in early days, or the polyester fiber market could continue to be promoted. Up to now, however, the high storage of the downstream fabric blocks the demand for pure polyester yarn in the short term. In addition to the centralized replenishment of the polyester staple fiber, there is a pressure to store again in the second half of the year. PTA is also difficult to keep up under the background of high processing fee. Therefore, there is a certain downward pressure on the market in the middle and late days.