Weekly Review Of Shengze And Jiaxing (11-17 May)

Judging from the fundamentals of the polyester market, polyester raw materials market is weak and has a great impact on the polyester market. Polyester spinning enterprises maintained about 85% of the level of start up, while the starting rate of downstream weaving and projectile enterprises began to decline in a small range. Apart from sporadic rigid demand procurement, most weaving manufacturers and bomb companies had a more cautious attitude and mostly focused on raw materials. Under the influence of various factors, the polyester market is expected to have a downward trend in the polyester market next week. However, due to the rapid decline of the polyester filament in the early stage, it is estimated that the polyester price will be adjusted downward slowly next week. The market will be given a buffer period of one week, and the downstream purchasing nodes will also be revealed.

Although the central bank announced on Sunday (10) to cut interest rates by 25 basis points, but the upstream raw material fundamentals turned pale, the market will gradually enter the off-season, and the lower textile manufacturers and purchasing companies have less enthusiasm to purchase. This week (May, 11-17), polyester market prices continued to show a downward trend, with a drop of 200-300 yuan /T. Individual varieties The decline is even greater, and some kinds of profits have fallen to marginal or slight deficit. Polyester production and marketing downturn, the average weekly production and sales rate in the vicinity of 4-6.

Polyester POY market weakness dominated by fall, it is difficult to get out of the market, fatigue, market offer Continue downward. The whole polyester industry chain shows that the market is not good. In the polyester market, there are generally preferential measures, and the discount rate is increasing. The willingness of enterprises to increase shipments is very strong. Major enterprises POY latest offer, POY75D/72F price reported 9300 yuan / ton, POY150D/48F reported between 8250-8300 yuan. POY50D/72F, 75D/72F, 144F and 100D/144F products purchased a small amount of purchasing products from downstream businesses, and the sales of the network with POY were poor.

　　 Polyester fiber The DTY market is weak, the upstream and downstream markets are all weak, and the market quotation of the bomb companies has been gradually lowered. Enterprises generally have sales pressure. The enterprises with greater pressure are selling prices sharply, the turnover level of the polyester market continues to decline, and the stock of enterprises increases. The main DTY enterprises latest quote, 75D/72F micro net 12400-12500 yuan / ton, 150DD/48F low elastic silk 10000-10100 yuan / ton. DTY50D/72F (Network) market demand is still good, water jet weaving needs can be, polyester factory market DTY50D/72F (Network) silk price in 16500 yuan /T, as well as DTY75D/144F, 150D/288F flat yarn market turnover slightly picked up.

The volume of polyester market has not improved. The focus of the transaction has dropped significantly. The preferential measures in the FDY market are widespread, and the discount space has increased. The company has a strong mentality of increasing shipments, and the production and sales rate of the enterprises has been maintained at around 60%. The main enterprises FDY latest offer, FDY50D/24F offer 9900 yuan / ton, FDY75D/36F offer 9300 yuan / ton, FDY100D/48F offer 9100 yuan / ton, FDY150D/96F price 8400 yuan / ton. Semi dull FDY20D/12F and 24F are now strong in polyester market. Semi dull FDY68D, 75DFDY silk downstream warp knitting enterprises demand reduction, FDY54D market ample supply, price trend appears weak. More F products such as FDY50D/72F, 75D/72F and 144F with larger market consumption can have sales volume. Big bright FDY silk 50D/24F, 75D/36F sales began to look tired. And big bright FDY50D/36F (satin only) sales are relatively better. Polyester FDY large gloss 420D and 600D have great influence in Shengze market. The products are mainly used for producing Oxford cloth bags series fabrics on water jet looms.