Upstream And Downstream Superimposed PET Filament Market To Maintain A Weak Market

According to the price monitoring of business associations, the domestic polyester filament market has dropped sharply this week. Among them, the mainstream factories in Jiangsu and Zhejiang provinces reported polyester POY (150D/48F) for 5900-6200 yuan / ton, polyester DTY (150D/48F low elastic) reported 7750-8200 yuan / ton, polyester FDY (150D/96F) reported 6400-6850 yuan / ton. The start-up load increased to 7 per cent. With the increase of supply pressure, enterprises have launched a sales promotion mode. Stock pressure has eased slightly, and some enterprises have greater preference.

　　 In the past 7 days, the average price of polyester filament market has dropped.

Raw material market, domestic PTA spot market price fell sharply, as of March 20th, the market average price in 3510 yuan / ton, compared with the beginning of the week fell 6.54%, down 46.23% compared with the same period last year, a nearly 10 years low. PTA factory equipment maintenance increased, the annual output of 900 thousand tons of PTA plant in Peng Wei petrochemical plant was stopped in the evening of March 9th, and it is expected to be overhauled for 1 months. Hengli Petrochemical 2 million 200 thousand tons PTA plant began maintenance in March 12th, plans to overhaul about 15 days. Dushan energy 2 million 200 thousand tons PTA plant entered the parking inspection in March 15th, and is expected to overhaul for 15 days. Luoyang petrochemical, Tianjin petrochemical, Shanghai petrochemical and Hon Bang petrochemical and other devices are still running at full capacity. The downstream polyester gradually recovered, but the PTA went to the warehouse slowly, and the contradiction between supply and demand of the market was still prominent.

There was no obvious improvement in downstream demand. All of them were mainly consumed before the year, and the international crude oil fluctuated more recently. The market mentality was cautious and wait-and-see. The atmosphere of the downstream fabric was more solemn. Although the spring Asian spinning, polyester taffeta and imitation silk fabrics were still acceptable, the general trading atmosphere was general. Many companies said that after the start of the big single missing, the amount of orders significantly reduced, the purchase will be weak to maintain the rigid demand.

Xia Ting, a business analyst, believes that the current demand is difficult to improve. Polyester filament enterprises are facing pressure from inventory. The market outlook is pessimistic. At the same time, the cost side of oil prices plummeted, dragging down the commodity market, and raw material prices dropped sharply. Therefore, from a comprehensive perspective, the price of polyester filament will remain weak in the short run.