Polyester Demand Remains Weak, Polyester Market Keeps Rising

< p > it is understood that in July, influenced by the continuous rise of crude oil prices, the price of PX rose and the PTA price rebounded from low. The spot price of PTA rose from 7600 yuan / ton at the beginning of the month to 7830 yuan / ton at the end of the month, or about 3%.

At the same time, MEG also ended the downward trend of oscillation. It began a strong upward trend in early July, and its price surged from 950 US dollars to 1100 US dollars / ton, an increase of about 16%.

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Less than p months ago, PTA has finally experienced improvement after months of stalemate. However, the operation of polyester plant has increased.

It is estimated that the theoretical production cost of polyester chips rose from 9500 yuan / ton in early July to nearly 10000 yuan / ton at the end of the month.

Due to the downstream a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > consumption off-season in July, the restriction of demand did not lead to a significant rise in polyester prices. In July, the price of PET chips increased by about 1%, and DTY, FDY, POY and staple increased by 0.4%, 0.4%, 1.9% and 1.9% respectively, much lower than the growth rate of polyester cost.

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< p > the cost is rising rapidly, while the price of finished products is limited, and the loss of polyester enterprises is increasing.

The large increase in cost increases the pressure on the management of polyester manufacturers.

According to his introduction, POY, DTY and FDY6 generally earn 60 to 200 yuan / ton in the month, but by July, they lost 150 to 300 yuan / ton, and the short fiber also deteriorated from the previous slight loss to 100 yuan / ton loss.

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< p > for this purpose, the financial process of Rong CE has calculated a real account for journalists.

Compared with July 1st, the cost of polyester increased by 350 yuan / ton and 172 yuan / ton respectively in July 1st, when the price of MEG intra plate was 8100 yuan / ton and PTA7850 yuan / ton in August 6th.

If polyester polyester filament POY150/144F for example, the market paction price in August 6th was 10650 yuan / ton, up 300 yuan / ton compared with 10350 yuan / ton in July 1st.

Overall, polyester loss increased by about 220 yuan per ton.

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< p > it is not difficult to see that the cost increase and the weak demand make polyester enterprises' profit situation plunge rapidly.

For the polyester industry with overcapacity and fierce market competition, no matter the upstream or downstream of the industry chain, the pricing of products is lacking in the right to speak.

"When the contradiction between rising costs and low demand leads to a relatively embarrassing situation for enterprises, enterprises can only adjust their operating rate according to their own profit and inventory conditions. Most enterprises choose to reduce operating rate to reduce losses when their operating conditions are poor."

Jia Qiuyi, deputy director of Yide chemical research, said.

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< p > has also been confirmed from Qian Cheng. The current polyester plant operating rate has decreased from 85% in early July to 80%.

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< p > as the polyester industry downstream of PTA, its rise and decline will directly affect the price of PTA.

Although crude oil rises and PX costs rise, PTA prices are expected to move upward in the peak season. However, if the terminal textile and polyester industry continues to be weak, the operating rate will continue to decline, and the demand for PTA will no doubt be compressed, which will eventually lead to price squeeze.

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