Market Review: Strength Of Polyester Filament Market In October

The strength of the polyester filament Market in October is mainly due to the low inventory of products, the convening of industry meetings and the favorable factors of upstream and downstream.

Entering the November, 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 filament Market in the absence of further good news to stimulate, is expected to fall risk in November.

Polyester in October

The rally is good, primarily because the mainstream manufacturers are generally at a low level of inventories, the lowest in a year.

According to statistics, by the end of this month, POY stocks dropped to 3-7 days, FDY inventory to about 5-8 days, and DTY stock to 10-15 days level, some product specifications even appeared tight supply situation.

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.

Under this promotion, polyester filament specifications of various sizes

Strong performance.

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.

Downstream, after the National Day holiday, textile market ushered in the "silver ten" demand season, terminal weaving recently performed well, plus European and American Christmas.

The impact of this month has led to an increase in 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.

From the perspective of the textile industry, textile exports dropped sharply in September.

According to the statistics of the General Administration of customs, China's textile and apparel exports in September were 22 billion 760 million US dollars, down 15.4% compared to the same period last year. The total export volume of textiles and clothing in the 1-9 months was 201 billion 100 million US dollars, down 4.9% from the same period last year.

But in retail sales, the retail sales of clothing shoes and hats and needle textiles in September were 117 billion yuan, an increase of 6.7% over the same period last year. In 1-9 months, retail sales amounted to 10020 billion yuan, an increase of 7.2% over the same period last year.

In addition, the supply and demand index (BCI) of commodities in October was 0.57, or 3.83%, reflecting the expansion of the manufacturing economy in the month and the rising trend of the economy.