Industry news

Company news

Polyester filament: short-term "two highs, two lows" deadlock is difficult to break

Release time:

2022-03-11 11:03

Now it is said that polyester filament is currently high cost, high inventory, low demand, and low profit, so what is the reason for this? How to predict the future market trend?

Since February, due to geopolitical influences such as severe cold weather and the Russian-Ukrainian war, international crude oil has risen strongly, supporting the polyester raw material end, and the price of polyester filament has risen under high costs. As of March 9, the polymerization cost was 7495 yuan / ton , up 15.68% compared with before the Spring Festival, while the polyester filament POY150D/48F was at 8350 yuan / ton, up 7.05% compared with that before the Spring Festival.

In terms of supply, due to production restrictions last year, most factories have been overhauled, and factories are worried about the loss of workers. During the Spring Festival, the polyester load is generally high, and the supply continues to increase after the festival. In the same period last year, it rose by 19.3%. However, the return of downstream demand-side workers and new orders were limited, and the recovery was slow. The superimposed downstream was more resistant to high-priced raw materials, and the purchasing enthusiasm was not good. The pressure on factory inventory increased, the market was weak, and profits were rapidly squeezed .

At present, under the influence of geopolitics, the trend of international oil prices is relatively uncertain, but from the perspective of raw materials, the cost side in March remained high and fluctuated in the short term and was relatively firm. From the perspective of supply and demand of polyester filament itself, although high cost and low profit support prices, high inventory and low demand still restrain its upward space. Therefore, it is expected that the price of polyester filament will fluctuate in the short term and maintain low profit operation.

Recommended news

The price of textile raw materials is urgently raised by 10%. Is it really coming?

With the advent of "Golden Nine Silver Ten", the textile printing and dyeing industry is expected to usher in an upward cycle. On August 26, there was an emergency price increase from the dye side, and related stocks also bucked the market trend, which may usher in a recovery in the industry.

The peak season of the textile industry is approaching, the market for textile raw materials can be expected

Since July, the off-season characteristics of textile terminals have become more obvious, and the price, sales volume and profit of grey fabrics have all declined.

Interpretation of the status quo of product development of domestic fabric enterprises

Recently, the reporter had a face-to-face exchange with Li Binhong, deputy director of the National Textile Development Center, on the status quo of product development of domestic fabric enterprises.