Polyester filament: short-term "two highs, two lows" deadlock is difficult to break
Now it is said that polyester filament is currently high cost, high
inventory, low demand, and low profit, so what is the reason for this? How to
predict the future market trend?
Since February, due to geopolitical
influences such as severe cold weather and the Russian-Ukrainian war,
international crude oil has risen strongly, supporting the polyester raw
material end, and the price of polyester filament has risen under high costs. As
of March 9, the polymerization cost was 7495 yuan / ton , up 15.68% compared
with before the Spring Festival, while the polyester filament POY150D/48F was at
8350 yuan / ton, up 7.05% compared with that before the Spring Festival.
In
terms of supply, due to production restrictions last year, most of the factories
have been overhauled, and factories are worried about the loss of workers.
During the Spring Festival, the polyester load is generally high, and the supply
continues to increase after the festival. In the same period last year, it rose
by 19.3%. However, the return of downstream demand-side workers and new orders
were limited, and the recovery was slow. The superimposed downstream was more
resistant to high-priced raw materials, and the purchasing enthusiasm was not
good. The pressure on factory inventory increased, the market was weak, and
profits were rapidly squeezed .