Crude Oil And Polymerization Cost Rise To Promote Polyester Filament Production And Sales Volume

The continuous rise of international oil price and aggregate cost makes the downstream factories of polyester filament have a certain intention of bottom reading. Under this impetus, the production and sale data of polyester filament factory are again heavy.

Figure 12020 Brent crude oil price trend

Figure 22020 comparison of polymerization cost and polyester filament POY price trend

Supported by Russia and other oil producing countries, the existing OPEC+ production scale has been extended for one month, and the resumption of global production continues to push forward. Demand is expected to further recover. Oil futures in Europe and the United States have risen to the highest level in nearly three months. Today, cloth oil has broken through the barrier of 40 US dollars per barrel, basically fixing the height before the price war. After the rise of international oil prices, the price of PTA and ethylene glycol, which is the main raw material of polyester, has also started to rise. With this boost, buying and selling mood, the downstream add bombs and terminal weaving factories have more to make up the warehouse, and the production and sale data of polyester filament are again heavy. This time, the margin was only less than a week away from the last concentration.

Comparison of daily production and sale data of polyester filament in 32020 years

Fig. 42020 comparison of the number of days of stock of finished products of polyester filament yarn in some factories

After many previous rounds, the stock of polyester filament mill has dropped to a neutral level. Some two or three line factories are even in an open state. Although after last time, the finished product inventory of polyester filament factory has accumulated after a long period of production and marketing. But after this volume, the polyester filament factory has gone to different levels. Factory inventory levels basically returned to the level of last weekend.

But in the later stage, the trend of polyester filament is still not optimistic.

There was no substantial improvement in the demand for polyester filament farms. Although the overseas countries had been unsealed, the foreign trade orders which were originally hoped for after the epidemic were not released as scheduled, and in the domestic trade, under the influence of the traditional off-season, the domestic demand performance remained relatively mild. And in the situation of continuous increase in the cost of polymerization and polyester filament, the price of grey fabric showed a downward trend, and the profit of gray fabric was obviously compressed. The weakness of demand leads to the accumulation of inventory of finished products. And after the early replenishment, at this time, weaving factories already have a certain stock of raw materials. However, under the situation of high inventory of raw materials and finished goods, there is obvious pressure on the cash flow of gray fabric enterprises.

And at this time, the market demand is weak and the joint action of environmental protection inspection, the loom rate of loom and weaving enterprises has already declined. In the later stage, the demand for polyester filament or the possibility of a certain decline may occur. In addition, PTA social inventory is still high, and Hengli PTA line 5 also has certain production expectations. With the further increase in supply, the space for PTA to continue to rise may be very limited. Therefore, it is difficult to predict the trend of polyester filament in the later stage. We should pay attention to the continuity of downstream filling and the trend of crude oil and polyester raw materials.