In the third quarter of 2023, boosted by the macro favorable, rising oil prices, led to the polyester filament market shock higher, of which the quarterly peak is 8150 yuan/ton, the lowest point is 7350 yuan/ton, the fourth quarter polyester filament market how to perform?
Polyester filament oscillates higher
In the third quarter of 2023, the polyester filament market fluctuated higher, as of September 28, the average price of POY150D/48F in the third quarter in Jiangsu and Zhejiang was 7700 yuan/ton, up 2.86% quarter-on-quarter, down 3.33% year-on-year, of which the highest point in the quarter was 8150 yuan/ton, and the lowest point was 7350 yuan/ton.
In terms of PTA equipment, according to the calculation of PTA equipment daily production/(domestic PTA capacity /365), the PTA operating rate is near 82.2%. A set of 1.5 million tons of equipment in Taiwan, China, was scheduled to be repaired on October 1, and the PTA operating rate in Taiwan, China, fell to 25%.
In September, Saudi Arabia and Russia extended production cuts to further increase the price of oil, raw material PTA synchronous strengthening, cost support, polyester filament to maintain a strong pattern, the price reached a new high. Downstream buy up the atmosphere is ok, more moderate stock, polyester filament factory small to the warehouse, the market as a whole strong operation. Until late September, the polyester filament factory more preferential shipments, the market transaction focus narrow down.
During the National Day, the market was in holiday mode, the order situation was poor, and the overall market shipment situation was average. Most trading companies are on holiday, and production companies are basically on holiday for about three days. Printing and dyeing enterprises are basically working normally, but the situation of limiting production is common, and many only open half or take turns. The market situation after the National Day is unclear, and it remains to be seen.
The productivity index of polyester increased after the holiday
From October 1, 2023, the domestic mainland polyester production base was increased to 7911 million tons, the direct spinning filament production capacity was increased to 42.38 million tons, and the polyester staple fiber production capacity was increased to 9.4 million tons.
Overall, the fourth quarter polyester filament market or shock down. With the gradual delivery of downstream and terminal winter orders, terminal demand or sold out in advance, the market atmosphere is cautious, and the supply pressure of polyester filament is highlighted. As inventories continue to grow, enterprises or negative hedging, the scale of production cuts expanded.
For weaving enterprises, although the price of raw materials is more difficult, the price reduction of raw materials is not good news. Lower raw material prices may become a means for customers to further reduce prices. Under the bad market environment this year, weaving enterprises are very strong, and their profits are very strong, and the fluctuation of a little raw material money may make the original money-making list become money-losing.
Declaration: The content of this article is organized from the Internet, and the copyright belongs to the original author; If there is infringement, please inform in time and contact to delete.
