Starting from December 12th, the price of polyester filament began a new round of rising channels. 18 days, a large factory in Jiangsu rose 100-300 yuan / ton of polyester, a FDY factory in Wuxi rose 100-150 yuan / ton, and a factory in FDY rose 100 yuan / ton in Wujiang.

Up to December 18th, the products of polyester filament had risen to varying degrees in a week, of which FDY rose the most, reaching 400 yuan / ton.

Why do polyester filament grow up?

In the early December, Russia and OPEC, a major oil producing country in Russia, reached a new agreement on yield reduction. The international oil price rose sharply last week, rising by more than 7% a week.

When the storm brought by the international oil price just passed, the good trade between China and the United States came out again. In December 13th, China and the United States agreed on the first stage economic and trade agreement, and the market confidence was further enhanced.

Driven by international oil prices and Sino US trade benefits, polyester raw materials have begun its pace of growth.

PTA, since December 11th, the price of PTA's internal market has been in a steady and rising trend. On the 17 day, the price of PTA's internal offer came to 4890 yuan / ton, and it is expected to return to 5000 yuan / ton in the year.

In terms of ethylene glycol, the recent increase of ethylene glycol was more obvious than that of PTA because of the low inventory advantage. In December 17th, the ethylene glycol 2001 contract even appeared to have a daily limit. In December 17th, the price of ethylene glycol reached 5680 yuan / ton, compared with the lowest point of 4715 yuan / ton in the month.

On the other hand, in addition to raw materials, ethylene glycol and PTA continue to rise to drive the price of polyester. In terms of supply, the unprecedented maintenance of polyester plant at the end of this year has added a fire to the rise of polyester.

As early as the beginning of this month, a lot of repair and production reduction plans for the polyester factory before and after the Spring Festival have been introduced. 2, according to the information, after the production plan of the previous polyester factory has yielded little effect, the recent big action of the joint production reduction of polyester factories has begun: a consensus has been reached on the reduction of production, and plans to reduce production by about 30% during the Spring Festival.

At the end of the year, stocking is also an important reason. Although the performance of downstream weaving enterprises is not as good as that of previous years, cloth owners have some doubts about how much raw materials they will prepare at the end of the year. But even so, textile enterprises will have to prepare for at least a month's raw materials for the smooth start of next year, and these "rigid demand" at the end of the year will also largely support the continuous rise of polyester filament prices.

The price increase is a bit "empty."

Although the price of polyester filament has been rising continuously under the support of numerous advantages, the price of the polyester filament has not stopped for a short time, but this price increase is actually a little "empty".

In terms of inventory, according to statistics from China silk capital network, as of December 17th, the overall stock market in polyester market was 9-18 days. In terms of specific products, POY stocks to 3-7 days, FDY stocks to 7-12 days, and DTY stocks to 15-20 days. The current inventory is close to the same period last year, but considering that the vacation time is earlier this year, the stock of polyester plant is relatively higher than that of last year.

In terms of production and marketing, after the production and marketing reached 160%-180% in December 12th, polyester production and marketing in polyester factories rarely exceeded 100% of the time, basically in the vicinity of 6-8. This kind of production and marketing is rather dull compared with the "Grand View" that was stocked at the end of last year.

From the recent stages of polyester production and inventory, we can see that at this stage, the atmosphere of the purchase of polyester filament in the weaving factory is not enthusiastic, and the reduction of polyester factory stock is more because the polyester plant has increased the maintenance of the device, thus reducing the supply of polyester in the market.

But the price of polyester has gone up anyway. How will the cloth owners react to this?

Judging from the results of outgoing visits, weaving enterprises are still more resistant to rising prices of raw materials.

On the one hand, because of its high inventory of grey cloth, the weaving enterprises are very tight at the end of the year, the quality of products is very serious, and the profits of the fabrics are not up.

On the other hand, weaving bosses generally say that they can't see clearly the market in the beginning of next year. This year's situation has caused many past experiences to be inapplicable. It is difficult to predict whether the raw materials will rise or fall in the future, so we should choose to wait and see in order to be safe.

A main spring Asian spinning company, with 50 looms, but the head of the weaving enterprise, whose inventory has reached 1 million meters, said that the price rise of polyester filament is all hyped up by the upstream polyester manufacturer. The market is not so good at all. If the polyester price continues to go up like this, they will have to leave early only then.

afterword

To a large extent, the price rise of polyester is a self guided exercise of polyester enterprises, and weaving enterprises are more of a passive acceptance. Under the condition that the conventional products are generally high inventory and low profit, the weaving enterprises show resistance to the increase in polyester prices, and it is not surprising that the production and marketing of polyester factories do not take off.