Near the end of November, the domestic polyester filament market rebounded slightly. Among them, the prices of polyester POY and polyester FDY in mainstream factories in Jiangsu and Zhejiang Province increased by 50-100 yuan / ton. As of November 29, polyester POY (150D / 48F) was 5050-5250 yuan / ton, polyester FDY (150D / 96F) was 5160-5450 yuan / ton, and polyester DTY (150D / 48F low elasticity) was 6800-7000 yuan / ton.

Market price changes of domestic polyester filament from November 25 to 29

Year on year rise and fall of products from November 25, 2020 to November 29, 2020

Polyester FDY (150D / 96F) 5340 5381 0.78% – 25.32%

Polyester POY (150D / 48F) 5111 5128 0.33% – 27.20%

Polyester DTY (150D / 48F low elasticity) 6923 6912 – 0.16% – 20.33%

As of November 25, the settlement price of WTI main contract of international crude oil was 45.71 USD / barrel, up 26.38% compared with the beginning of the month, while the settlement price of Brent main contract was 48.61 USD / barrel, up 26.84% compared with the beginning of the month. It has reached the highest level since March. On the one hand, the successive positive news of the new crown vaccine has boosted the demand expectation; on the other hand, according to the news released from the market, OPEC + is expected to further maintain the current super scale production reduction, which is beneficial to the supply expectation. PTA market began to stop falling and rebound on November 10 under the support of crude oil. As of November 29, the average market price was 3343 yuan / ton, up 7.21%.

In addition, after the hot market in October, the downstream textile enterprises received a lot of orders, the inventory was consumed, the shortage of funds was alleviated to some extent, and at the same time, it had the ability to purchase in large quantities. The end of each month is the time for many enterprises to purchase raw materials, and soon to December, some textile enterprises prepare for the end of the year to store raw materials. In the case of continuous decline in raw materials for a month, look for regular bargain hunting. On November 25, the production and sales of mainstream factories in Jiangsu and Zhejiang were between 150% and 230%, and that of some factories was about 500%.

Xia Ting, an analyst at the business agency, believes that the final thing for weaving enterprises to purchase raw materials is terminal demand. In November, the traditional textile off-season saw a significant decrease in the number of orders, and the start-up rate also dropped from 93% at the beginning of the month to about 85%. Some textile enterprises received orders in October have not yet received the payment time, so the capital pressure has not been fundamentally solved, so cautious procurement is the main. And raw material market, crude oil continued to rise, lack of power, PTA supply surplus pressure remains. Therefore, the price of polyester filament will continue to weaken in December.