PTA futures experienced a sharp decline in the morning of the 17th. The main 01 contract hit a new low of 7286 in the past month. In the afternoon, the 01 contract rebounded slightly. As of the closing at 15:00 on September 17, the PTA1901 contract closed at 7332 points, down 48 points from the previous trading day, with a final decline of 0.65%.
PTA has fallen since the high of 8032 on August 30, and the cumulative decline has been nearly 800 yuan/ton. The center of gravity of the spot price fell. On the 17th, the spot quotation of Hengyi Petrochemical PTA dropped by 200 yuan from the previous price, with a quotation of 9,000 yuan/ton. At present, the PTA market quotations are relatively messy, with recent spot quotations ranging from 8,700 to 9,000 and forward quotations ranging from 8,500 to 8,700. Polyester factory sales are sluggish and production cuts continue to increase, so there is a clear wait-and-see atmosphere.
Polyester yarn production and sales are sluggish, with both volume and price falling
Polyester yarn production and sales since September The continued downturn has caused polyester inventories to rise rapidly, triggering factory price cuts and load reductions.
The current production, sales, load, price and efficiency of the entire polyester are weak, and only the inventory is rising. According to China Silk Capital Network inventory monitoring, on September 17, polyester The inventory of the ester factory has increased from 6 days to 10 days on August 31, and is still rising.
Affected by this, the price focus of the polyester filament market in Jiangsu and Zhejiang has generally fallen since the weekend, and the quotations of mainstream companies in various places have basically been reduced by 400 -500, POY’s highest decline reached five to six hundred yuan.
Today’s factory quotation is as follows: (Unit: yuan/ton)
Jiangsu:
The FDY of a major factory in Shengze fell by 100-250, with semi-gloss FDY75D/72F reporting at 12710 and 75D/144F at 13110;
Quotation from another local factory Stable, now its DTY50D/72F network 20065, 75D/72F network 15865, 75D/144F network 16065.
The market in Taicang area fell. DTY, a local mainstream factory, fell by 150, semi-gloss DTY75D/144F flat 15810, 120D/192F flat 14510, 150D/288F flat 13710. (Unit: Yuan/ton)
Zhejiang:
The overall market price in Xiaoshan and Shaoxing regions fell, such as: a mainstream factory in Xiaoshan The quotation has dropped by 100-300, and its semi-gloss DTY150D/48F has a low elasticity of 13100, 200D/96F has a low elasticity of 12500, and 300D/96F has a low elasticity of 12100.
The market situation in Tongxiang area is stable, and the quotations of a major local factory are stable. Semi-glossy POY75D/72F is quoted at 12810, 150D/144F is quoted at 12010, and 150D/288F is quoted at 12110.
The Ningbo area is weakly consolidated, and the quotations of a large local factory are stable. The ten kilogram variety POY 125 cents/48F is quoted at 12150, 144 cents/36F is quoted at 1200, and 20 pieces are discounted at 100. 200 off for more than 40 items. (Unit: Yuan/ton)
Prices of raw materials fell during the peak season, putting the weaving market in embarrassment
It is clear that we have entered the peak season, but the polyester market has dropped in both volume and price, which has had a great impact on the downstream weaving market.
1. Weaving companies find it difficult to quote prices and dare not take orders
Although the price of polyester filament has begun to fall rapidly , but overall it is still at a high level, so the cost of gray fabrics is actually very high in the short term. In previous years, when September enters, large orders appear frequently in the weaving market. However, this year, due to excessive fluctuations in raw material prices, weaving companies dare not accept large and long-term orders, and traders do not dare to place orders based on the existing raw material prices.
Traders dare not place orders, and weaving companies dare not accept orders. The downstream market has entered an embarrassing dilemma.
2. The production capacity of water-jet looms has increased, and the supply and demand pattern has changed again
As of last Thursday, the comprehensive operating rate of Jiangsu and Zhejiang looms was around 68%, an increase of 2 percentage points from the previous month. In addition, the production capacity of peripheral water-jet looms has also been released intensively starting from September. In contrast, the production and sales of polyester filament last week hovered around 50%. This is based on the large production reduction of polyester factories, which can be said to be very bleak. The demand for polyester yarn from looms is growing, and it is foreseeable that the production and sales of polyester filament will pick up in the future.
However, according to the previous habits of polyester factories, the recovery in production and sales will inevitably affect the downward trend of polyester filament. Coupled with the falling PTA prices, the entire market situation has become confusing. .
In addition, changes in production capacity have also affected the supply and demand pattern of the gray fabric market, which will inevitably have an impact on the pricing of conventional products. In the future, there is a high probability that “it will fall but it will rise.” Not coming up” situation.
3. Environmental protection policies will be further tightened to increase the burden on printing and dyeing production capacity
On August 31, the Ministry of Agriculture and Environment issued the “Guiding Opinions on Further Deepening the Reform of “Decentralization, Delegation, Delegation, Delegation, Delegation and Services” in the field of ecological environment and promoting high-quality economic development. Although the “Guiding Opinions” contain good news such as avoiding “one size fits all”, it also contains requirements to increase supervision and implement supervisory responsibilities.
In the first half of this year, the printing and dyeing chemical production capacity in Jiangsu, Guangdong, Shandong and other places was greatly affected by environmental issues. For a time, dyeing factories “stopped receiving blanks” and “made appointments to load fabrics” Hot phenomenon. According to the “Guidance Opinions”, environmental protection policies will be further tightened in the second half of the year. Once the number of orders increases, in addition to the increase in dyeing costs, delivery time is likely to become a new problem.
Editor’s note: In previous years, when September comes, polyester prices are ready to move, waiting for good news to start rising. However, in September this year, polyester prices began to fall rapidly due to various reasons. When the traditional peak season encounters a drop in both volume and price of polyester yarn, it brings huge risks to the production and operation of downstream cloth bosses; the operating rate of looms rebounds, and the rise of peripheral production capacity brings new challenges; environmental protection policies are tightened again, It has also become an invisible thunder in Boss Bu’s production and operation, which may explode at any time.
The textile market in the second half of the year is confusing. Is it better to prepare for a rainy day? Or play it slow and steady? All will test Boss Bu’s wisdom. </p
