Electricity curtailment measures in both Jiangsu and Zhejiang are increasingly strengthening the market price of textile raw materials

Since mid-August, affected by high temperatures, electricity curtailment measures in both Jiangsu and Zhejiang have been increasingly strengthened, and the operating rate of weaving companies in the two places has been relatively limited. The impact on the local polyester filament market has also become increasingly apparent. For example, in the past weekend, the production and sales rate of polyester filament enterprises was very low, mostly at the 2 to 40% level, and the market transaction price also fell significantly. The most eye-catching performance was still fine denier FDY yarns, which had a greater profit-taking. . The drop in prices in the Jiangsu and Zhejiang markets also put pressure on prices in other parts of the country. In the same period, the polyester raw material market appeared to be on the rise, but in the face of downstream downbeat purchase intentions, there was no boost in polyester filaments. This week, the domestic polyester filament industry started to further reduce its load. It is expected that this trend will continue in the short term. At present, after the price of New York International crude oil prices climbed 80 US dollars, it has stabilised the market, but market participants have not been encouraged by the poor economic data of the United States. The market price has returned to within 80 US dollars and is now at a price. Seventy-five dollars. At the same time, PX prices have also begun to pull back, and now their Asian price level is around US$900. The atmosphere in the PTA spot market has weakened, and the number of inquiries has decreased. The quotation in the market has been quoted at 7350-7400 yuan/ton, and the price in the outer disk has been negotiated at around 900 dollars/ton. The MEG market is also slowing down, with prices squaring up. The price of mainstream negotiation in the inner disk is at 6,400 yuan/ton, and the outer price is at 780 dollars/ton. Sinopec Group's August contract price for polyester chips is 9300 yuan/ton for half-light chips, 9300 yuan/ton for light chips and industrial silk chips, and 10,100 yuan/ton for all-extinction chips. The atmosphere of the polyester chip market remained subdued, and the wait-and-see atmosphere was relatively strong. The mainstream quoted price in the market fell and it is currently at 9100-9200 yuan/ton.

Recently, the domestic polyester POY market is not ideal, the company's production and sales status is not good, and the market has a weaker sentiment. Starting from the end of last week, corporate quotations began to decline, and the actual transaction price fell more, but due to the impact of power curtailment measures in Zhejiang enterprises, the local start-up companies' operating rate has decreased, which has a greater impact on the demand for POY. Major companies POY latest quoted quotation issued, forecast prices fell slightly, the rate is 100 yuan / ton, POY100D/36F settlement price now reported 11,700 yuan / ton, forecast price of 11,700 yuan / ton, POY150D/48F settlement price of 11,400 yuan / Tons, the forecast price is 11,400 yuan/ton. POY stocks now average about a week, and it is expected that the POY market will remain weak and volatile in the short term.

Recently, the market atmosphere of domestic polyester DTY has been eroded a lot. Influenced by limited power policies, the operating rate of local local elastic bombers has apparently dropped. Due to the weak purchasing situation in the downstream market, the focus of market transactions fell significantly. At the same time, corporate concessions are more common, but the transaction volume has not been improved. The lower reaches of the market are due to the low operating rate of power cuts and the reduction in the amount of raw materials used; I hope to observe how the market develops. In the case of worsening transaction conditions, the company's inventory began to increase. The latest price quoted by the major DTY companies was still reported. The 150D low elasticity yarn was 12,800 yuan/ton, the 150D network filament was 13,600 yuan/ton, the 300D/96F low elasticity yarn was 12,100 yuan/ton, the 300D/96F network filament was 12,500 yuan/ton, and the DTY The inventory level is currently at a level of more than ten days, and it is expected that the DTY market will be weakly adjusted in the short term.

In the past week, the domestic polyester FDY market has broken the stalemate, the market has taken profits, and the price has dropped significantly. The reason for the price decline is mainly due to the decline in the operating rate of downstream companies. At the same time, the purchase intention is not strong. The production and sales of polyester enterprises are naturally sluggish and the market is down. It will be a matter of course. For a long time, FDY prices have experienced huge price increases, and they have been lucrative, and prices have fallen by a certain amount of space, which is also conducive to reducing market pressure. The main company's latest FDY offer is still up, FDY40D/24F half light offer 18500 yuan / ton, FDY50D/24F half light price 17,600 yuan / ton, FDY40D/24F light offer 18100 yuan / ton, FDY50D/24F light offer 17,400 yuan/ton. At present, the FDY inventory level is slightly more than five days. It is expected that the FDY market will continue to maintain the current market situation in the short term.