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FDY 150/48 Polyester Yarn for knitting embroidery thread

What's going on? Speculative demand for polyester filament is coming again!

On August 8, polyester market staged a wave of market again, which is only a week away from the last market!

International oil prices recover lost ground, polyester filament: up, down!

The most important positive factor for the raw material market to go up is crude oil. On June 7, Saudi Arabia significantly increased its official pricing of crude oil exports of various varieties from various regions, increasing its strategy to support the rise of oil prices. The day before, several OPEC oil producing countries extended their historic production cuts. Tighter crude oil supply will help repair the oil market hit by the new crown. The unprecedented production cuts led by Saudi Arabia and Russia pushed up oil prices in May, and OPEC decided on Saturday to extend the limit to July. Brent crude oil, which has lost 36% of its value this year, has recovered some of its losses and closed above $40 a barrel on Friday.

When paying attention to the recent polyester price, Xiaobian found a more interesting thing.

Affected by the epidemic situation, the price of polyester filament kept falling, falling to the lowest point at the beginning of April. In the whole April, the price of polyester filament experienced a process of first rising and then falling, and by the end of April, it almost dropped the increase at the beginning of the month. From May, although the price of polyester filament was also shaking, it became a situation of much rising and little falling. By the end of May, the price of polyester filament had already been It has become a situation of "going up, not going down".

Although the epidemic is still developing, with the resumption of production in Europe and the United States, the international oil price has returned to more than 40 US dollars per ton. In this case, there is no reason why polyester filament has been at a low level.

The price of flour has gone up! Continuous replenishment of weaving and texturing enterprises without orders

The price of flour has gone up, but the price of bread is still low. Affected by the epidemic situation, the whole terminal demand shrinks, resulting in the contradiction of excess capacity in the grey cloth market.

In June, the weaving market once again entered the stage of accumulated inventory. Many weaving manufacturers have high inventory, many of which are more than 2 months old, especially for conventional chemical fiber fabrics. Because of the simple process, many manufacturers choose to produce polyester taffeta, Chunya textile and other products for inventory on the day when the order is missing. Therefore, the social inventory data is very large, which also leads to the current price confusion of these products So that the price of raw materials rose, but also with the price of grey cloth rose. In these two rounds of raw material market, the raw material inventory of some weaving manufacturers has also reached a high level this year. "Recently, the raw materials are still at a historical low level, with banks releasing water and raw material manufacturers promoting sales. These factors have prompted weaving and texturing enterprises to replenish," said one market person

In the near future, the main line of weak terminal demand improvement has not changed, the improvement efforts are limited in general, and the market is also divided. Enterprises in some regions respond to the improvement of the order month on month ratio, mainly from some overseas countries after the release of one after another, some orders have come down, but there are also some enterprises that are weak month on month ratio, mainly due to the lack of continuity of domestic and foreign sales orders, some enterprises in the front 4 After receiving orders at the end of the month and the beginning of May, the orders in the later period did not follow up continuously, but felt weaker on a month on month basis.

Impulse production and sales are due to insufficient demand, and speculative demand is still dominant

Since this year, the production and sales of polyester filament have been in pulse mode, the downstream procurement cycle has been extended, and the one-time stock volume has increased compared with the previous period. In particular, at the beginning of April and the beginning of May, the daily production and sales of enterprises are 500% - 700%, and some high-end production and sales are around half a month. At the end of May, polyester filament market has been in a weak state, overseas demand is not as expected, domestic demand has been overdrawn in advance in the first quarter, and polyester filament has a risk of decline under the drag of market demand. However, with the support of the cost end, the trend of polyester filament is reversed, and it is boosted by the continuous rebound of oil price in recent days, the market buying is gradually increasing, and the transaction volume of polyester filament is large. It is true that the current terminal demand has not improved, and some weaving enterprises have negative expectations, which also confirms that the demand has not improved substantially. At present, speculative demand dominates the market, and the short-term favorable market will still promote the periodical production and sales volume of polyester fiber.