One glory and one glory. This sentence is used to describe the polyester market during this time is the most appropriate. Since mid-July, PTA has soared from 6,000 points to 9000 points, triggering a series of chain reactions in the polyester industry chain.

In September, the negative effects of the surge in raw materials began to fertilize within the month. In recent days, PTA was unexpectedly involved in the plunging vortex, staged a rare plunge in the past few years, and PTA spot plunged thousands of dollars on two days. This triggered another huge earthquake in the polyester market.

PTA price plummeted and beat up the previous profit

During the two-day PTA period, the market experienced a waterfall-like decline. The spot price fell nearly 1,000 yuan on two days. The most direct impact of the PTA plunge was the sharp shrinkage of its profits.

It is reported that the PTA theoretical cash flow on the 18th fell back to 277 yuan / ton, the daily profit per ton directly reduced by 465 yuan, compared with the 14th cash flow is a big drop 868 yuan / ton. This time, the PTA's falling market came directly from the market, and the profit was directly transferred to the polyester market. The profit of the polyester manufacturer became like a sponge that sucked water and became richer.

Polyester costs collapse, polyester filaments have no price

Recently, the market for polyester raw materials has been weak. When PTA plunged, the price of ethylene glycol also fell more and more. The cost of polyester filaments was weak and the cost was collapsed. The polyester filaments had higher willingness to price. Very limited.

At this time, it is still in the downstream market under the high cost, but it is closely watching the raw materials market. The raw materials are falling at a high level, and the downstream market is more cautious. In the past two weeks, the weak production and sales of the polyester market has made the entire polyester industry chain very helpless, and shipments have been blocked. Recently, polyester production and sales have only maintained at 3-4%, and polyester filament manufacturers with good price preference have chosen. Limit production to control the amount of inventory that continues to rise.

Long holiday is approaching, downstream weaving replenishment is expected to weaken

According to previous years, before the long holiday, the polyester market will usher in a wave of replenishment. Now the Mid-Autumn Festival and the National Day holiday are approaching, but the raw material market will encounter Waterloo. Will the downstream manufacturers take over the restocking before the long holiday? According to a textile owner in Shengze District, the price of polyester filament has only dropped slightly in the past few days, and it has not fallen much. The cost pressure for weaving manufacturers is still very high.

At present, the PTA has fallen so much, and the price of polyester filaments has been limited. If you look at it again and again, there should be room for decline in raw materials. Now the raw material market is so volatile that it will not pick up raw materials. It is safer to buy and use. If the raw materials of the National Day still cannot fall, then you may choose to take a holiday, so that the pressure can be reduced.

Buying up and not buying down, this has been applied in the weaving market. The current PTA has plunged for several days, and the big drop has made the entire polyester market a shock. How much can PTA fall next? How much can the polyester filament fall? This is estimated to be a problem that downstream manufacturers are considering. The large fluctuations in raw materials directly affect the profitability of the company. Before the raw materials have yet to show signs of stabilization, the downstream procurement cycle is estimated to wait a second.

Pushing pressure from the bottom up, PX joins the price drop army

When PTA led the rise, all the products went up; now PTA led the decline, and various products began to fall. Entering September, the light trading atmosphere of the polyester market allowed the polyester manufacturers to put down the original strong shelf, and the polyester manufacturers offered concessions, but the downstream did not buy it. Looking at the higher inventory in the warehouse, the polyester manufacturers finally fell. The price drop of polyester manufacturers, PTA can not sit still, has been firm at the 9300 position of the PTA spot price has become collapsed.

Polyester fell and PTA fell. After the bombardment of the polyester market, PX finally opened the down channel. As of September 18, PX FOB Korea's price has dropped back to 1,285 US dollars / ton, compared with last Friday, the price has dropped sharply by 67 US dollars / ton, a decrease of 5.0%. Now PTA cash flow has recovered from the level of profiteering to normal, and PX's profit has not been sold a lot. It is reported that PTA and polyester manufacturers can now stare at the profit of PX. PX wants to have a lot of price pressure, and there is still a short period of time. A certain amount of profit.

Judging from the current situation, the surge in raw materials in the early stage is far greater than expected for the downstream. It has now entered mid-September, but the market orders have not yet arrived in large quantities. In the absence of orders, the production and procurement of the weaving market are naturally positive. Lower.

In addition, although the upstream raw material market has experienced a large decline in recent days, there is still a large room for decline. These are still negative factors in the market. Before the market has not digested these negative factors, the negative cycle of the polyester industry chain will continue. It’s been a while.

Yancheng Ruize Masterbatch Co., Ltd. mainly produces and operates: Non-woven masterbatch, Non-woven antibacterial masterbatch,antistatic masterbatch, polypropylene filament masterbatch, Polypropylene filament masterbatch, Non-woven masterbatch,  polypropylene spunbond non-woven masterbatch, Polypropylene fiber masterbatch, chemical masterbatch, Non-woven masterbatch, polypropylene masterbatch, Soft hydrophilic masterbatch.