Polyester Filament Decline Increased To 3000 Yuan / Downstream Purchasing Enthusiasm Low Market Difficult Fire

Recently, according to the Ministry of commerce website information department, Washington time on November 14, 2019, the US business announced the final result of anti-dumping investigation and countervailing investigation on Polyester Textured Yarn. According to statistics, Chinese enterprises exported $35 million to the US during the survey period. According to the US investigation procedure, the US International Trade Commission will make a final ruling on the case in December 30th.

In recent years, the export momentum of China's polyester filament industry has been relatively strong. According to statistics from China Customs, 1-8 tons of polyester filament imported 73 thousand and 700 tons in 2019, exported 1 million 817 thousand and 800 tons, and the net export volume was 1 million 744 thousand and 100 tons. The import and export situation of polyester filament industry in 2019 1-8 months has been maintained well, and the cumulative net export volume has increased significantly.

Although the United States announced the final result of the double reverse survey of pet processing silk, it has not had a significant negative impact on the polyester filament market, but it has to be said that for the recent stage of polyester filament market, it has a "plus frost" meaning.

Since the beginning of this year, the focus of polyester manufacturers' quotations has been difficult to form an effective pull up and become the main "pain spot". Throughout the past two years, the price focus of polyester filament products has obviously dropped to the lowest level in the year and the low price in recent years. The mainstream products fell by nearly 2000-3000 yuan / ton compared with the same period last year, and the decline is also approaching the 20%-30% level.

Specifically, the FDY 150D mainstream manufacturers' quotation center dropped to 7000 yuan / ton, compared with the same period last year, a sharp drop of nearly 2300 yuan / ton, or 24.73%, while compared with the same period in 2017, the price dropped sharply by nearly 2450 yuan / ton, and the decline was also increased to 26%.

As for POY, 150D's mainstream quotation was around 6850 yuan / ton, down nearly 2025 yuan / ton compared with the same period last year, and dropped to 22.82%, which also dropped by nearly 24.56% compared with the same period in 2017.

Of course, DTY also can not escape the fate of low prices, of which 150D has long been weak and weak below the 10000 yuan pass, the current price has dropped to 8550 yuan / ton, the year-on-year decline expanded to 20.09%, compared with the price of two years ago, also dropped by nearly 19.72%.

Looking back last year, it is worth noting that in the first half of November last year, the polyester filament market was also facing a trend of falling and falling. However, in the second half of the month, it suddenly came to a favorable market. Can the polyester filament market be replicated last year?

In fact, this time, the polyester filament market seems to have a touch of bottom rebound, and polyester manufacturers have a significant increase in price intentions. Just last Friday, by the expected rally news, the downstream market stocking intentions increased significantly. The mainstream production and sales of the polyester filament Market in Jiangsu and Zhejiang provinces increased strongly. According to statistics, the production and sales of polyester mainstream factories increased to 120%-130% near 15, and some of the higher manufacturers increased to 200% or even 300% levels.

But everything seems to be "big thunder and little rain". The popular market of polyester mainstream manufacturers has not formed a situation of pulling up the whole line. It is understood that the mainstream polyester manufacturers mostly have a small increase in the quotations, the actual increase is not obvious, the increase is only around 50-100 yuan / ton, and continuity does not seem to be strong.

In the final analysis, the final direction of the market depends on supply and demand side.

From the polyester supply side, this year, the polyester Market load is mostly maintained in a stable state; as of now, the average load of polyester is expected to be around 88.2%, which is within the normal level of the year.

However, from the demand side, since the beginning of this year, the textile market has weakened its enthusiasm for raw material procurement, and the demand side has been slightly less motivated.

According to the survey of China silk net, there are a small number of downstream weaving factories and bomb manufacturers. In recent times, raw material prices are generally low, and there is a favorable transaction situation. In succession, there is stock purchasing action. Taking advantage of the low price, the stock quantity of raw materials has been greatly increased, some of which have already been more than a month's stocking.

However, for most downstream manufacturers, the purchase of polyester filament is mostly on demand, mainly on prudent wait-and-see. On the one hand, we are afraid of the risk of further downgrading of raw materials. On the other hand, we are afraid of backlog of capital and inventory when demand is weak. Therefore, most manufacturers' basic raw material stockings are maintained for about 7-15 days. For raw material procurement, they always hold a cautious attitude and do not dare to bulk up their stock.

Nowadays, this unyielding textile market is not only the bottom line of polyester manufacturers, but also the downstream weaving factories are at a loss. The polyester filament market wants to step on last year's "node".