Polyester Chip: Low Price Source To Further Suppress Production And Sales Rate

Polyester chip market after the first half of the bottom, speculative speculation, the second half of the risk situation is still grim. Among them, traders took advantage of the opportunity to stock up in the first half of the year, and were eager to sell in the second half, which made polyester enterprises in a passive position. After all, the high-yield sales of non demand was only "flower in the dream", which was a pain killer temporarily paralyzing the market. In the future, supply and demand still need to be re examined.

Figure 1 price trend of polyester chip market in East China

Source: Longzhong information

six In the first ten days of the month, the price of polyester chip was approaching 5000 yuan / ton. The market was full of hope and waiting to break through the 5000 mark, but the good time was not long. With the coming of the off-season in July, the start-up of chip spinning declined significantly, and then the price of polyester chip gradually declined. By the end of July, the market price of polyester chip fell to 4450 yuan / ton; after the end of July, the market price of polyester chip fell to 4450 yuan / ton, The trend of crude oil is relatively strong. In addition, PTA's centralized maintenance in August further increased the cost price. Slicing followed the price adjustment all the way, and rose to 4675 yuan / ton in the middle of August, but it was still constrained by the weak demand, and the actual order was close to 4550 yuan / ton at the end of August. The two rises were defeated in the face of weak demand, but another factor that can not be ignored is the concentrated selling of goods by traders.

At present, the market's low-cost sources of goods are concentrated around 4500 yuan / ton, and there are also sources of goods of 4400 yuan or less. Many of them are customers who store goods at the bottom of the first half of the year. Most of the suppliers are from April to may, and they have heard that 4000 yuan / ton chips are mixed with some substandard products. According to the feedback from downstream factories, the shipping price of traders is 50-200 yuan / ton lower than that of manufacturers, which makes some customers of polyester enterprises prefer to cooperate with traders, and the production and sales of polyester enterprises are even colder.

Now the industry is more concerned about whether traders' goods are sold out this year. Xiaobian thinks that the possibility is low. First of all, although traders vigorously promote sales, the downstream chip spinning filament enterprises still take a limited amount of goods, and only maintain short-term demand. Once again, the price difference between original chips and recycled bottle chips is expanding. Jiangsu recycled chemical fiber enterprises prefer recycled bottle chips. Polyester chip demand is facing a bottleneck period and it is difficult to break through again. Finally, there are some customers who are hoarding goods and have certain financial support When the profit is 20%, sales will be considered. On the whole, it is difficult for the OTC funds and traders to supply enough goods this year.

The supply of conventional filament, chip and staple fiber is too saturated, and the market pays more attention to the differentiated fibers. The continuous expansion of large polyester factories makes it difficult for polyester factories under the scale to survive. It is not ruled out that more polyester enterprises, especially small-scale enterprises, are involved in chip spinning. At present, the basic technology of chip spinning enterprises in Xiaoshan area is transformed into yarn dyed production line, and the colored yarn is subject to raw materials and color masterbatch Due to the difference of grain brand and production technology, the factory price of the same type of colored yarn is different, so it is difficult to form the mainstream transaction price. Therefore, the cash flow of colored yarn is more abundant than that of mainstream melt enterprises. Although there is an obvious lack of orders this year, the profits can still be maintained. To sum up, the supply of polyester chip enterprises is difficult to decline next year, and the situation of high supply is still maintained. The supply of traders will still depress the transaction focus of the market.