SunSirs: The Price of Polyester Filament Slightly Rebounded in Early October

https://www.chemnet.com   Oct 17,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, there was a slight price correction from October 1st to 13th. On October 13th, the mainstream polyester filament factories in Jiangsu and Zhejiang Province quoted POY (150D/48F) at 7,200-7,400 RMB/ton, polyester DTY (150D/48F low elasticity) at 8,800-9,200 RMB/ton, and polyester FDY (150D/96F) at 7,900-8,100 RMB/ton.

Analysis review

In terms of cost, according to data from SunSirs, as of October 13th, the average spot price of PTA in the East China region was 5,208 RMB per ton, an increase of over 8.5 percentage points compared to September 14th. However, since the end of the National Day holiday, there has been significant turbulence in the crude oil market, which has further affected the PTA raw material market. Affected by it, PTA prices fluctuated narrowly and cost support was average.

In terms of supply and demand, the production of polyester has slightly increased, and the inventory of enterprises has begun to show an upward trend. This undoubtedly brought greater pressure to the sales of goods in the factory. On the demand side, many downstream enterprises have completed inventory replenishment work ahead of schedule until the end of October, and their purchasing enthusiasm was not high. At the same time, due to the uncertainty of future market trends, these companies also lacked confidence and were more inclined to choose to consume existing inventory rather than blindly make new purchases. This wait-and-see strategy undoubtedly further exacerbated the supply-demand imbalance in the market.

Market outlook

Overall, analysts from SunSirs predict that the willingness of filament enterprises to ship still existed, and it is expected that the filament market prices will remain stable and fluctuate in the short term. In the game of cost and supply and demand, it is necessary to pay attention to the trend of the raw material market and the downstream order placement situation in the future.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

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