According to the price monitoring of the business agency, the domestic polyester filament market price showed a downward trend in November, among which polyester POY dropped the most significantly, with a decline of 5.45% in the month, followed by polyester FDY and polyester DTY, with a decline of 4.15% and 3.26% respectively. At present, the mainstream factories in Jiangsu and Zhejiang provinces are reporting 5050-5250 yuan / ton of polyester POY (150D / 48F), 5160-5450 yuan / ton of polyester FDY (150D / 96F) and 6800-7000 yuan / ton of polyester DTY (150D / 48F low elasticity). In terms of production and marketing, the market of polyester filament in Jiangsu and Zhejiang was weak at the end of the month, and the average production and sales of mainstream large factories were 50% – 70%. In terms of inventory, the overall inventory of polyester market is now concentrated in 23-36 days, of which POY inventory is 7-13 days, FDY inventory is around 16-34 days, and DTY inventory is about 24-36 days.

Average price rise and fall of polyester filament Market in November, unit: yuan / ton

Year on year rise and fall of products from November 1, 2020 to November 30, 2020

Polyester DTY (150D / 48F low elasticity) 7145 6912 – 3.26% – 20.33%

Polyester POY (150D / 48F) 5424 5128 – 5.45% – 27.20%

Polyester FDY (150D / 96F) 5623 5390 – 4.15% – 25.21%

PTA raw materials fell first and then rose, PTA surplus at the beginning of the month led the market, prices remained downward. As of November 30, the average market price was 3321 yuan / ton, up 1.09% from the beginning of the month, and decreased by 31.03% year-on-year. At the end of the month, with the 3.75 million tons of yishenghua, 1 million tons of PTA invested by Sichuan energy and 0.7 million tons of Yadong petrochemical, the starting load of PTA was increased to more than 92%, and the accumulation of accumulation was expected to be strong, and the performance of flushing was weak.

In the early stage, under the hype of “double 11 stock season”, the whole industry chain from clothing to fabric to weaving has entered the market peak, and the market has ushered in a wave of explosive growth. In addition, under the cold winter expectation, with the increasing demand for the lining materials of down jacket and cotton padded jacket, the factory once again cleared a batch of inventory, which relieved the production pressure. However, with the decline of the upsurge, the characteristics of traditional off-season are becoming more and more obvious. There is a trend of accumulated inventory and reduced operation. At present, terminal customers place orders cautiously, and the starting rate of Jiangsu and Zhejiang looms is also reduced from 93% in early November to about 85%.

Xia Ting, an analyst at the business agency, believes that the current textile industry is in the traditional off-season, the overall market is relatively depressed, and the enterprise funds are relatively tight, and the enthusiasm for purchasing raw materials is not high, and the demand side is still facing greater pressure. In addition, the raw material market continued to rise in the lack of momentum, PTA began to accelerate the accumulation of inventory, new capacity is also planned to be launched next month, increasing the pressure of excess supply. Therefore, in general, the price of polyester filament is more likely to fluctuate downward.