According to market news: on the 26th, the overall production and sales of polyester filament yarns in Jiangsu and Zhejiang areas increased significantly, especially the production and sales of POY manufacturers were relatively hot, FDY and DTY were relatively dull; as of 4 pm, the polyester market is expected to have an average production and sales of 220%. Specific production and sales: 600%, 280%, 110%, 90%, 130%, 80%, 580%, 200%, 300%, 160%, 500%, 100%, 460%.
It is obvious from the above picture that the mainstream production and sales of the polyester filament market has been fading for nearly 20 days, and finally ushered in a "big turn" and successfully counterattacked. In fact, on the previous trading day, the sales situation of the polyester filament market showed signs of improvement, breaking the previous stage of general production and sales concentrated in the stalemate of 6-8%, reaching the level of over 100.
However, the mainstream production and sales of this round of polyester filament yarns have been successfully “reversely attackedâ€. What is the situation? Is it really a good market for "Golden September and Silver 10"?
POY meeting stimulation and double stocking expectations
It is reported that on the 25th, the POY seminar was held again; although it did not understand its actual instructions, the recent convening of the alliance meeting will more or less have a certain degree of stimulating psychology for downstream weaving manufacturers or traders. Coupled with the 11th and Mid-Autumn Festival, the downstream weaving manufacturers have had a long period of wait and see, some manufacturers have pre-holiday stocking demand.
For polyester manufacturers, although the inventory level has improved compared with the previous period, the overall level is still at a low level. According to statistics from China Silk Network, the overall inventory of polyester filament yarn market is now concentrated around 6-16 days; FDY stocks are around 5-8 days, POY stocks are concentrated around 4-7 days, and DTY stocks are concentrated. Near 16-24 days.
International oil prices hit a five-month high
On September 26, Beijing time, crude oil futures prices closed stronger. West Texas Light Crude Oil (WTI) futures, which was delivered in November on the New York Mercantile Exchange, closed up $1.56, or 3.1%, to $52.22 a barrel, the highest closing price since mid-April. London Brent crude oil futures closed up 2.16 US dollars, or 3.8%, to 59.02 US dollars / barrel, which set the highest closing price since the beginning of July 2015.
The reason is that although the OPEC member states held in Vienna on the 22nd and the other oil ministers of non-OPEC major oil producers such as Russia did not make a decision to extend the production reduction agreement. However, there are rumors that OPEC is increasing the possibility of extending its leading production reduction agreement, which has exerted a strong boost on international oil prices. The rebound in innovation in international oil prices is definitely a good condition for the near-stage polyester filament market.
The promotion and promotion efforts have increased, and downstream sales have been smashed.
In fact, the production and sales of polyester filament yarn market is improving. The most real performance is the recovery of downstream weaving manufacturers or traders. In addition to the pre-holiday stocking requirements mentioned above and the stimulation of the alliance meeting, it is natural for polyester manufacturers to enlarge the promotional efforts, perhaps because of the mentality of lowering the price and not buying when to wait at this time, the downstream market has shot The rhythm of the goods has further stimulated the demand for the polyester yarn market.
Polyester filament, how much spray can you provoke?
Although the polyester filament market has shown signs of improvement, it is still difficult to determine how long it will last:
At present, the factory inventory is still in a reasonable range, but the holiday factor has to be considered during the double festival, and the downstream weaving has already been dumped in the early stage. During the double festival period, the market will enter the tired inventory stage. At present, the market is suffering from stagnant demand, and downstream orders are limited. The fabric market turnover has not changed much from the previous period. According to the survey, downstream demand for polyester filament yarn is also cautious, and weaving and stocking will be limited in the short term.
In general, from the recent market situation, the current demand chain is still suppressing the market. Recently, the polyester market is light, and the whole market is mainly based on the need to maintain the market. In addition, the current demand for polyester for weaving is not high. If the later weaving enterprises can timely digest the stock of raw materials in the early stage, the polyester price has a strong rebounding power. Otherwise, there is no reason for the market to rise in the short term.
Editor in charge: Xu Yuehua
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