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Polyester: Holidays are high, and the market outlook can be expected

Views: 0     Author: Site Editor     Publish Time: 2022-10-07      Origin: Site

Polyester: Holidays are high, and the market outlook can be expected



During the National Day holiday, the focus of transactions in the polyester market continued to move upward, and the market price rose sharply, mainly due to the fact that the price of crude oil at the cost side rose for 5 consecutive days, which was strongly beneficial to the downstream. From the perspective of the upstream market, during this period, European and American crude oil futures continued to ferment and widen by around 15% due to the impact of the joint production reduction by OPEC+, which is a better boost to the cost of aggregation.


During the National Day holiday, the start of polyester production was mostly around 83%, and there was little change in the start of the chain. In the early days of the National Day holiday, the quotation of polyester shorts was more stable. With the continuous increase of the cost side, the quotations of polyester shorts factories increased by 100-300. As of October 8, the overall market price increased by 300 yuan / ton compared with that before the holiday. During the National Day holiday, the overall polyester shorts The start of construction is still low, and the inventory is low. Under the favorable influence of the cost side and the low supply of polyester staple fiber, the polyester staple fiber has risen, but the terminal buying sentiment is not high, and the overall production and sales of polyester staple fiber during the holiday period were flat. The strong holiday cost support has driven mainstream polyester filament factories to raise their quotations many times. The price of polyester filament increased by 250-300 yuan / ton during the week. The terminal was guided by the buying sentiment, and the purchasing sentiment was acceptable, resulting in the factory's production and sales data also rebounded. Since the National Day holiday, the average production and sales of polyester yarns have been around 70%, but the average production and sales of polyester yarns have fallen by around 16% compared to the week before the holiday.


During the National Day holiday, due to the significant cooling in the country, orders for some winter fabrics improved month-on-month. It was initially heard that orders for flannel products in Changshu area and velvet products in Xiaoshao area improved slightly, and the terminal construction increased slightly, but there are still doubts about the continuity of market orders. , the increase in demand for polyester is limited. On the whole, the current polymerization cost has been boosted better, and the supply and demand performance of polyester itself has also improved. It is expected that the polyester market may rise slightly next week, but it is necessary to focus on downstream replenishment and cost changes.


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