Terminal textile traditional off-season, polyester filament prices adjust at a low level
Published on:
2020/10/14
Source:
At the beginning of the week, driven by the raw material market, production and sales took off. On the 25th, the production and sales of polyester filament yarn exceeded 300%. Downstream textile enterprises showed increased willingness to bottom-fish, with some downstream factories replenishing stocks. Purchasing strength generally increased compared to the previous period, the market trading atmosphere was hot, and factory inventory pressure was somewhat alleviated. However, as crude oil prices fell and weaving enthusiasm cooled, production and sales followed suit and declined. Currently, the average production and sales of mainstream factories are around 60%. The overall inventory in the polyester market is concentrated between 23-36 days, with POY inventory at about 6-13 days, FDY inventory around 16-34 days, and DTY inventory approximately 24-36 days. In terms of prices, mainstream factories in the Jiangsu and Zhejiang areas currently quote polyester POY (150D/48F) at 5050-5250 RMB/ton, polyester FDY (150D/96F) at 5150-5450 RMB/ton, and polyester DTY (150D/48F low elasticity) at 6800-7000 RMB/ton.
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