Polyester Filament Will Continue To Weaken In The Traditional Off-Season.

According to the price monitoring of business associations, the market of polyester filament Market in China showed a slight decline in June 22nd, of which the polyester FDY dropped by 1.69% on the day. The most popular factory in Jiangsu and Zhejiang was the polyester FDY (150D/96F) quoted at 6150-6450 yuan / ton. Textile industry has gradually entered the traditional off-season, raw material procurement enthusiasm is not high, the overall turnover atmosphere is general, and the price is dragged down.

　　 Polyester filament market average price rise and fall, unit: yuan / ton

The raw material PTA market, the 22 day market average price in 3685 yuan / ton, compared with the previous day fell 0.29%, down 38.30% compared to the same period. At present, PTA social inventory is approaching 4 million tons, still at a high level. With the restart of Hon Bang Petrochemical 2 million 200 thousand ton unit on the 18 day, the Shanghai Jinshan Petrochemical 400 thousand ton plant was re fed on the 21 th, and at the end of the month, the new plant of Hengli 2 million 500 thousand tons is facing the expected production. The supply of PTA market will increase gradually, which is not conducive to inventory digestion. In addition, PTA processing fee is still close to 700 yuan / ton, manufacturers are still in a good profit state, do not exclude the possibility of factory maintenance plan postponed.

Entering the middle and late 6 months, the textile and weaving Market is gradually deepening in the off-season. It is even more difficult at the time of the special year's low season. Most of the weaving enterprises have begun to sharply reduce the starting rate. The comprehensive opening rate of the Jiangsu and Zhejiang looms has been reduced to around 62%. The factory which has also ensured the starting rate of the early stage seems to have unfolded the previous holidays in the near future. 。 The delay and prolongation of payment are increasing, especially for foreign trade orders, which can not be postponed for a month.

The pressure of textile exports is still very high. According to the latest statistics of the General Administration of Customs of China, in May 2020, the export volume of textiles and clothing was 29 billion 554 million US dollars, an increase of 38.36%, of which clothing (including clothing and accessories) exports amounted to US $8 billion 905 million 700 thousand, down 26.93% compared to the same period last year. In 2020 1-5, the total export volume of textiles and clothing in China was 97 billion 965 million US dollars, down 0.80% from the same period last year, of which the total export volume of clothing was 38 billion 213 million 100 thousand US dollars, down 22.80% from the same period last year.

Xia Ting, a business analyst, believes that the supply of PTA has improved in recent years. In the context of high inventory, the traditional off-season of the terminal is still insufficient, and the cost is good enough to support doubt. In addition, demand level domestic demand is reduced, export is difficult to break through, factory inventory increases, and follow-up lacks further improvement power. Therefore, polyester filament prices continue to weaken the probability of a larger.