The long-awaited start, the traditional consumption season of the textile market finally arrived in September. At present, the operating rate of the industry has increased slightly, and the supply has increased. However, the overall downward wait-and-see attitude is obvious. The replenishment is mainly required, and the trading atmosphere in the market is light.

So in the short-term, will the polyester filaments take advantage of the golden wind of Jinjiu and usher in a wave of rising prices?

The raw material market is supercharged

Recently, the PTA market has been stagnant, and the large-scale installations in the late stage of the supply are expected to be repaired, but the time has not yet been determined. Near the end of the month, in terms of PTA supply in September, Jialong Petrochemical and Yizheng Chemical Fiber are facing a restart, and the new equipment is put into production, and the supply side is more abundant. It is expected that the price of PTA market will continue to fluctuate in the short term, and the operating range is 5000-5200 yuan/ton.

In terms of ethylene glycol: some of the maintenance devices were restarted, and the port was expected to reach 162,000 tons next week. The short-term contradiction between supply and demand of ethylene glycol is not sharp. It is expected that domestic ethylene glycol will maintain a volatile pattern. So in general, the raw material end is weakly supported by the polyester filament in the short term.

Polyester enterprises increase their burdens to meet Jinjiu

Recently, the supply of polyester filament yarns has been increasing. According to Jinlian, from July to August, the polyester filament has a total capacity of 1.2 million tons. By the end of August, the new installations have been operating normally and exported.

In addition, the operating rate of the polyester filament factory has been steadily increased to over 94% at the end of August, so the supply of polyester filament yarn market has increased rapidly. With the continuous increase in supply, there is no pressure on the stock of polyester filament yarns at present, and the cash flow is optimistic. Many enterprises are still expecting the arrival of the downstream Jinjiu season.

Downstream demand has seen a significant rebound

Near the end of the month, the downstream weaving market orders increased significantly, and the comprehensive operating rate of Jiangsu and Zhejiang looms rebounded by 78%. The enthusiasm for orders, proofing and enquiry was better than the previous period. In particular, the orders for water jet loom were slightly warmer than the previous period, and the inventory of weaving manufacturers also declined. But overall, the replenishment at the end of the month lacked raw materials and order support, and cautious and wait-and-see sentiment still dominated.

What is the trend of polyester filament in the short term?

With the arrival of September, the polyester industry chain has ushered in a little instigation, so can the polyester yarn entering September be ushered in a rising market?

First of all, from the cost point of view, the contradiction between supply and demand in the PTA field is not prominent, but there are maintenance expectations in the late PTA plant, and there is a possibility that the polyester starts to rise, and there will be some support for the PTA demand side in the later stage;

Secondly, from the perspective of supply and demand, the overall downward wait-and-see attitude is obvious at the current stage, and the trading atmosphere in the market is light, but the replenishment cycle is approaching, and there is a certain expectation of production and sales in the later stage. Therefore, it is expected that the polyester filament will be shocked in the short term. The trend, focusing on the trend of raw materials and downstream replenishment.

Hai'an County Qinfeng Chemical Fiber Co., Ltd. is a company specializing in the production, research and development and sales of polypropylene staple fiber, polyester staple fiber, Functional polypropylene staple fiber and PP staple fiber. It is based on innovation and sets a good example for the industry. Its main specifications are 1.5D to 200D and the length is 5-150mm. The products are available in a wide range of colors and support color to map or sample customization. Qinfeng will always adhere to the business philosophy of “pursuing excellence and creating brilliance”. We sincerely look forward to your call!