Low Grade Polyester Industry Chain In The Year Of Inventories Leads Textile List

The crude oil sector is currently in a state of turbulence. The restart rate of the PTA unit will be restored to around 70%. The supply side will gradually increase and the cost support will be weakened.

At the same time, the downstream textile industry will also enter the demand off-season, and gradually highlights the weakness.

Polyester Market in the absence of further favorable news stimulus, is expected to fall risk in November.

According to price monitoring, the polyester industry chain in October led the whole textile list.

Of the 13 textile products rising in the ring, the top 3 of them were polyester POY (6.77%), polyester DTY (5.13%) and polyester staple fiber (4.91%).

First of all, it benefits mainly from mainstream manufacturers.

Generally low level, low in the year.

According to statistics, as of now, POY stocks have dropped to 3-7 days, and FDY stocks have been around for 5-8 days, while DTY stocks have been on the 10-15 day level.

At the same time, in October, the mainstream factories held many quotations symposium, and the market for polyester filament in the middle and long term was still optimistic.

Second, the price of crude oil has been running at a high level, breaking through the $50 mark at the end of the first time that OPEC has achieved a limited production agreement.

The overall start-up load of the PTA plant is only about 62%, plus the capital market speculation and the cost side of the futures market will form a certain support.

In addition, after the National Day holiday, the textile market ushered in the "silver ten" demand season, the terminal weaving performance has been good recently, coupled with the demand of European and American Christmas orders, this month increased foreign trade orders.

Among them, the comprehensive utilization rate of Jiangsu and Zhejiang looms climbed to a high level in the year.

According to statistics, the comprehensive boot rate of Jiangsu and Zhejiang looms is near 85%, which is 3.5 percentage points higher than that at the end of 9.

Compared with the "big ups and downs" in August and September, the rally continued in October, but started in the middle of October.

Prices entered a period of shock adjustment.

By the end of October, the average price of cotton (3128B) market was 15354.71 yuan / ton, compared with the beginning of the month, the increase was only 3.29%, an increase of 18.33% over the same period.

The main reasons are as follows: first, the price of seed cotton fluctuates greatly.

Prices rose faster. In the Yellow River and Shandong, Hebei and other places, seed cotton was generally 3.60-3.70 yuan / kg, which reached 3.90 yuan per kg, and many cotton ginning mills failed to wait and see after trial and trial.

Later, as cotton concentrates on the market, especially in ginning mills, the pressure on inventory is larger. Controlling the purchase volume has become a major trend.

Two, downstream cotton yarn, driven by cost, cotton yarn prices continued to rise slightly. As of October 31st, the average price of 21S high grade knitted pure cotton yarn market was 22525 yuan / ton, up 1.52% from the beginning of the month.

Most of the feedbacks in the weaving mills are not good, although the price changes little, but orders and sales are shrinking.

In the short term, the new cotton market will gradually increase. According to the national cotton market monitoring, as of October 28th, the national cotton picking rate is 73.6%.

At the same time, there are still some low price reserve cotton stocks in the downstream textile enterprises, which are not in urgent need to replenish the warehouse, and the order is not ideal. Originally, "golden nine silver ten" is the peak season for production, but the actual situation is really "not prosperous in the busy season".

In addition, according to the survey of 30 household cotton enterprises, more than 60% of the enterprises are still short of market outlook, and market confidence is still insufficient.

At present, a lot of bad signals are released, and short term cotton prices are expected to continue to rise.