Polyester Factory Limited Production Of Polyester Filament In The Spring Festival, Or Sales Promotion With No Profits.

In recent years, polyester filament has been affected by the weak operation of raw materials, and has been maintaining a general shipment. POY and FDY cash flow lingers around the cost line. The downstream weaving enterprises are affected by the reduction of production and the negative impact of the Spring Festival. The enthusiasm of purchasing is not good. Most of them are mainly watching. It is expected that the polyester will keep running in a short time, and there will be a wave of centralized purchasing before the festival. Sales promotion? Lose money and cut meat! Price rises and wait-and-see? Please pay attention to stock! Polyester factory is facing a dilemma and is in a stalemate.

Two thousand and nineteen year PTA Ethylene glycol price chart

Source: long crowd data

Raw material end

At the beginning of December, the international crude oil remained high and the raw materials of ethylene glycol were good. The raw materials of ethylene glycol were affected by the weather. The low inventory of the East China port and the relatively low start-up price all played a supporting role in the short-term price. However, with the arrival of cargo, the inventory of ethylene glycol increased. The inventory growth in East China increased by 53 thousand tons at 355 thousand tons. In addition, the market of ethylene glycol started to decline with the development of Hengli petrochemical and Inner Mongolia Rongxin in the coal glycol market. PTA was strongly affected by the strong price of raw material PX and the delay of 2 million 500 thousand tons of equipment in Hengli Dalian, and the negative impact of 1 million 200 thousand tons of equipment in Xinjiang and China, and the negative effects of polyester in January. Therefore, generally speaking, the raw material ends of polyester filament are generally vulnerable.

Production and marketing

The shipment of polyester filament has been gone for ever since October, and the one-day tour continues until the end of the year. Starting in December, new factories such as new Feng Ming, Tiansheng, Tong Kun and other polyester factories began to gradually enter the Spring Festival inspection and repair. The polyester factories began to drop gradually. As the downstream weaving has entered a downtime and production reduction plan, polyester stocks have been further accumulated. Up to now, POY stocks are mostly near 6-10 days. FDY stocks are mostly around 7-11 days, and some enterprises are oversold; DTY stocks are mostly near 16-20 days, and some individuals are higher than one month.

Two thousand and nineteen Annual inventory of polyester filament Enterprises

Source: long crowd data

Downstream demand side

At the end of the year, the demand was weak and it was difficult to draw good results. The price of grey cloth was chaotic. At the end of the year, the weaving enterprises were mainly refinancing funds, and there was a partial abandoning of the list. The weaving mentality of the downstream weaving enterprises was more cautious. Since last week, weaving enterprises have begun to prepare for the Spring Festival. Most enterprises are expected to stock up to a week or so by the end of March or even at the end of March. At present, there is still a gap in expectation. In Shengze, the loom loom rate is 73.14%, down 5.92% from last week. The opening up situation is serious. The opening rate of most of the above 1000 looms is mostly around 8-9. With the coming of the "returning season", the lack of work affects the boot up situation. It is expected that the starting rate will drop significantly next week, and the inventory of the grey fabric of the water jet weaving enterprises is high, averaging 39.17 days, up 1.52 days from last week, most of them remain at 30-45 days, from individual to 90 days.

To sum up, when the raw material terminal is newly put into operation and the downstream weaving enterprises and the Spring Festival come down one after another, the price limit of the polyester plant is limited to the price of the polyester development before the Spring Festival. Lose money and cut meat! Or the price rise? Let inventories increase slowly? This dilemma is felt at the new year's juncture. The balance of advantages and disadvantages should be more important to refinance. Therefore, Xiaobian is expected to come along with the limited production of polyester factories early next month.