According to the Commodity Market Analysis System of Shengyi Society, the price center of polyester filament has been partially raised. As of August 11th, the POY (150D/48F) quotation of mainstream polyester filament factories in Jiangsu and Zhejiang is between 6600-6800 yuan/ton, the DTY (150D/48F low elasticity) quotation is between 7800-8050 yuan/ton, and the FDY (150D/96F) quotation is between 6900-7200 yuan/ton.
Over the weekend, the production and sales rate of polyester filament factories rebounded, and inventory pressure eased (factory inventory increased by 8.84% to 19.7 days per week), prompting manufacturers to tentatively raise prices. As August approaches the traditional textile peak season, downstream textile city transactions have rebounded month on month (Keqiao Textile Index raw material prices increased by 1.15% month on month), boosting market confidence. The willingness of major enterprises to jointly reduce production and repair profits is strong, supporting price stabilization. On the demand side, the weaving operation rate is 55.75%, and the raw material stocking days are 9.39 days, still at a low level, but the autumn fabric orders have begun to increase slightly.
Business Society believes that the market is in a game of weak reality and strong expectations, and is expected to operate steadily with a moderate to strong trend. The fluctuation of crude oil has narrowed (Brent $66.59/barrel), and the impact on the cost side has weakened; If the downstream “Golden September and Silver October” stocking is launched, polyester prices may slightly increase.
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