According to the commodity market analysis system of Shengyi Society, the overall price of polyester filament fluctuated and rose today, with some specifications quoted by mainstream polyester factories increasing and discounts decreasing simultaneously; A few factories offer the same price, but there is no room for negotiation. As of June 16th, the mainstream polyester filament factories in Jiangsu and Zhejiang offer POY (150D/48F) at a price range of 6900-7200 yuan/ton, polyester DTY (150D/48F low elasticity) at a price range of 8200-8550 yuan/ton, and polyester FDY (150D/96F) at a price range of 7350-7550 yuan/ton.
| Gamma-PGA (gamma polyglutamic acid) |
Cost end
At the beginning of the Asian market on Monday, Brent crude oil futures rose 5.5% ($74.23/barrel), while WTI rose more than 6%, driving naphtha (CFR Japan $620.5/ton, month on month+10.7%) and PX (CFR China $853.83/ton, month on month+4.34%) to rise simultaneously. PTA saw a slight increase driven by costs, while MEG remained stable and relied on cost side support.
Supply and demand side
On the supply side, the capacity utilization rate was 90.12%, slightly increasing by 0.55% month on month, but it is expected to decline slightly this week. Relieve inventory pressure: The factory has 17.9 days of inventory, and due to last week’s promotion, the production and sales rate reached 140%, and some companies have significantly reduced their inventory.
In terms of demand, rigid procurement is the main focus, and weaving has entered the off-season. Water spraying and warp knitting factories consume existing raw materials, resulting in a decrease in procurement efforts and a large number of scattered small single households. In May, the export value of textiles and clothing increased by 8.4% year-on-year, and the demand gap in Southeast Asia has formed resilience for filament exports.
Business Society believes that with the strengthening of cost support and the decline in inventory, mainstream factories may tentatively raise prices, resulting in some price increases, but off-season demand will suppress the increase. The weaving operating rate and crude oil trend are the main influencing factors. If the cost side support improves, the price of filament is expected to continue to rise. We need to closely monitor the pace of terminal order recovery and crude oil policy trends in the next 1-2 months.
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