According to the price monitoring of the business community, on March 30, 2022, in the list of commodity prices in the textile sector rose from the previous month, a total of 1 commodities, the PTA increased (0.27%). On a monthly basis, there were six kinds of commodities with polyester POY(-2.88%), polyester DTY(-1.45%) and spun rayon (-1.08%) among the top three. On the same day were up or down -0.31%, polyester plate performance is weak. Downstream polyester plants planned to cut production, expected to weaken PTA demand, but crude oil prices rebounded, recovered
According to the price monitoring of The Business Community, in the list of commodity prices rising and falling on March 30, 2022, there is one commodity in the textile sector that increases from the previous month, and the one that increases is PTA(0.27%). On a monthly basis, there were six kinds of commodities with polyester POY(-2.88%), polyester DTY(-1.45%) and spun rayon (-1.08%) among the top three. On the same day were up or down -0.31%, polyester plate performance is weak.
Downstream polyester plants planned to cut production and expected weaker PTA demand, but crude oil prices rebounded, recouping most of the overnight losses and strengthening cost support. The domestic PTA market has picked up slightly. By March 30, the average market price of domestic PTA in East China was 6134 yuan/ton, up 0.27% compared with the previous trading day and 38.67% compared with the same period last year. Plant restart and maintenance in parallel, the current industry operating rate increased to around 76%. At the same time, the terminal demand is weak due to the epidemic, and PTA supply and demand are both weak. But the current PTA price fluctuation is still deeply affected by the oil price, is expected to warm short-term market shock adjustment operation.
On March 30, the average quoted price of polyester staple fiber spot market was 7,902 yuan/ton, down 0.13% compared with the previous day, up 10.67% year-on-year. Oil price rebound, cost rise, PTA recent device restart and maintenance parallel, supply continues low, but downstream polyester yarn factory recently accelerated the speed of stock, yarn factory mainly shipment, quotation is not stable. International crude oil prices are still easy to rise in the short term or difficult to fall, polyester staple fiber cost end support is strong, polyester staple fiber is expected to shock short-term trend.
The terminal demand of polyester market is weak due to the epidemic, and the quotation of mainstream factories in Jiangsu and Zhejiang regions is reduced by 100-200 yuan/ton. In the traditional peak season of "Gold, Silver and Four", the sales of clothes in spring and summer are not ideal, the performance of warp knitting and circular machine factories is generally poor, the opening probability in Jiangsu and Zhejiang regions is reduced to 63%, and the profit orders of grey cloth are not good. At the same time, affected by the epidemic, logistics in some areas blocked. It is expected that the load of weaving factory will not increase greatly in the short term, the contradiction between supply and demand will expand gradually, and the price of polyester will not improve.
Business analysts believe that the "golden three" traditional peak season is not prosperous, the downstream textile factory performance is generally poor, the formation of a negative polyester market, the market still need to pay attention to polyester factory maintenance strength and cost end trend.
source：https://www.chinayarn.com/news/show-39005.html