Under The Background Of Weakening External Relations, Is It Possible To Boost Pure Polyester Yarn?

The overhaul of PTA sets of equipment and the easing of trade relations are expected to continue to rise. The polyester staple fiber has also risen sharply under the slight pressure. The market price of PET staple fiber has also risen by 1100 yuan / ton in the month. This week, the raw materials of polyester raw materials were stable and then increased. The downstream and terminal units had a certain stock of raw materials after the early period of storage. The wait-and-see mentality was obvious, the trading atmosphere in the field was light, and the overall production and sale data of polyester were relatively general. However, on Wednesday morning, the macro side suddenly came favorable. China and the United States are willing to resume trade negotiations between the two countries. With this boost, commodity futures have risen sharply, and the main futures of PTA have risen sharply in the afternoon. On Thursday, with the support of multiple benefits, polyester factories increased their quotations substantially, and the mainstream talked about the rise of the center of gravity. However, after the downstream passive storage, demand fell somewhat, and the overall production and sales data dropped. However, at present, the phenomenon of Oversale in polyester field is more serious. There are more than one to two weeks' overselling in some factories of polyester staple fiber. With this boost, some factory quotes continued to increase on Friday. However, after filling the warehouse, the stock of raw materials has been fully prepared and more cautious.

In terms of pure polyester yarn, the market price of pure polyester yarn is first suppressed and later raised. At the beginning of the month, the price of polyester staple fiber was dragged down by the overall market atmosphere, and the downstream demand was not good. The price of the polyester polyester yarn was under 600 pressure. In the middle of the year, the PTA market increased considerably under the expected background of the overhaul of several sets of equipment and the easing of trade relations. The market of polyester staple fiber continued to climb under the pressure of micro deficit. However, the demand for downstream textile enterprises still did not significantly improve, and the conduction to pure polyester yarn was limited. This week, the international trade relations once again showed a tendency to relax. PTA futures rose sharply, driving polyester staple fiber enterprises to rise again, leading to the increase of pure polyester yarn foreign trade orders, and the improvement of inventory pressure. At the close, the mainstream price of T32S in Fujian area was 12800-13000. In Jinzhou area, T32S did not contain tax mainstream talks, concentrated in 11700-11800, pricing by quality; the T21S mainstream talks in Xiaoshao district were concentrated at 12100-12200; and the mainstream negotiation of pure polyester yarn in Rugao was concentrated at 11500. (unit: yuan / ton)

The inventory of the downstream fabric market is relatively high, and it is difficult to pick up in the short term. Some of the autumn orders will drive inventory changes. At present, the impact is limited, and the fluctuation of upstream prices has little effect on the grey cloth. In June 2019, the average comprehensive starting rate of weaving in China was 57.03%, which was 9.75% lower than that in May. The average diameter of large circular knitting machines was 32%, 9.08% lower than that in May, 66% for water jet looms, 12.66% for May, 74% for air-jet looms, and 7% for May. From the survey results of the sample enterprises, the inventory of finished products of 100 -300 looms at present is mostly 38-55 days, and the inventory of individual grey fabrics reaches 90 days. 20 looms and the following enterprises mostly take the order production as the main products, and the finished products are mostly stored for 7-10 days. In June, most of the products had bottoming out, and the weaving orders were slightly warmer than before. However, it is not obvious that some small garment factories are in the off-season of the 7-8 months, and the downstream demand is still weak in the short term.

OPEC is expected to reduce production and continue to boost oil prices or continue to boost oil prices, or there will be a certain boost to polyester raw materials. In early July, PTA had a 4 million 500 thousand ton / year device with maintenance plan, and the overall inventory of polyester enterprises remained low, and the operating rate continued to maintain at a high level. The PTA fundamentals supported well. In the early days, the market still had some room to rise, or the polyester fiber market continued to rise. However, the high storage of the fabric in front of the downstream impedes the demand for warm polyester yarn in the short term, and the centralized replenishment of polyester staple fibers in the early stage. There is a pressure of re storage in the middle and late days, and it is difficult to continue to run in the middle and late days. PTA also has a downward pressure on the market in the middle and late days.