Foreign Trade Orders Are Blocked, Polyester Filament Begins To Reduce Production And Price.

In recent years, public health incidents abroad have been spreading, domestic polyester filament export orders are limited, downstream clothing and textile export orders have been greatly reduced, domestic demand is not as expected, and raw material supply PTA is oversupplied. Polyester filament enterprises are less than expected after shipment in the year to come, and the pressure on inventory is bigger, and profits are compressed to the edge of cost lines.

With regard to raw material side PTA, global demand has declined significantly with the continuous fermentation of public health events overseas. Fuhai creation Four hundred and fifty Million tons, Hengli petrochemical Two hundred and twenty Ten thousand tons, Xin Fengming Two hundred and twenty Ten thousand tonnes of devices are in the parking lot, and plans for Xinjiang and Thailand are expected. Four Month maintenance, for now PTA Processing fee is maintained at Five hundred and eighty More than yuan, Sheng Ningbo. Four Month maintenance was cancelled recently. PTA Or there is a trend of thermal shock, but PTA Social inventory and polyester filament stocks will remain high. Polyester load will be limited and difficult to save. PTA Weak pattern.

2019-2020 year trend of polyester filament profit

Source: lung Chung

According to long Zhong information statistics, as of April 1st, the profit of polyester filament POY150D/48F in Jiangsu and Zhejiang provinces was -165.38 yuan / ton, FDY150D/96F profit was -165.38 yuan / ton, and DTY150D/48F profit was 625 yuan / ton. As can be seen above, the profit of polyester filament is higher than that of last November, which is due to the rebound of crude oil at the end of October, which drives polyester raw material end to rise and cost increase, but polyester filament goes to November in November. In the traditional off-season, downstream demand is insufficient, inventories are increasing slowly, and profits are squeezed. However, this profit is constantly under investigation, which is mainly affected by health events at home and abroad in the past year. International crude oil is low, polyester cost end support is insufficient, downstream demand of polyester filament is affected by foreign trade orders, cut down greatly, demand is insufficient, factories are changed in price, profits are seriously squeezed. In terms of single varieties, the price fluctuation of post spinning is lagging behind that of the front spinning. Due to the limited order of gray cloth, the enthusiasm of downstream purchasing is not high, and the overall profit of DTY is relatively high.

Comparison of polyester filament prices

Unit: yuan / ton

Source: lung Chung

Affected by the domestic epidemic, the cost of polyester at the end of the year collapsed and the price of polyester filament dropped after the demand came up year after year. However, in mid March, the outbreak of foreign epidemic broke out, and foreign trade orders were cut down a lot. According to long Zhong information statistics, the POY150D/48F price of polyester filament at present is 6575 yuan / ton, the price of FDY150D/96F is 5050 yuan / ton, and the price of DTY150D/48F is 6575 yuan / ton, which is 1925 yuan / ton lower than that after the holiday, 3250 yuan / ton, 2175 yuan / ton, FDY is nearly 40%, a new low of ten years.

To sum up, the recent price of polyester filament is in the historical position. At present, the profit is also reduced to below the profit and loss cost line. In addition to the new investment in Haining and Jiaxing yinpeng three phase, the factory has adopted more negative insurance prices. In addition to Dachang Kun and new Feng Ming, there are also moderate losses in the near future, such as Tiansheng, dwok, Zhuo Cheng, Hengli and Xiang Lu, and they plan to reduce their losses in the next 4-5 months. Factory. Therefore, before the recovery of international epidemic situation, the recovery rate of polyester wire will be relatively limited due to high inventory and low profit, and the factory will maintain the shipment. Later, it focused on the international inflection point, the order of the downstream fabric and the international crude oil price war.