Recently, the traditional textile market demand peak season is coming, boosted by the upstream PTA overhaul, the domestic polyester filament market price decline is slowing down, polyester filament production and sales data is poor. At present, the mainstream polyester filament factories in Jiangsu and Zhejiang regions, polyester POY(150D/48F) quote at 7300-7650 yuan/ton, polyester DTY(150D/48F low elastic) quote at 8600-9100 yuan/ton, polyester FDY(150D/96F) quote at 8100-8450 yuan/ton.

The cost end of polyester is high

From the perspective of cost, since last week, PTA mainstream large factories concentrated on the external release of production cut news, PTA supply contraction is obvious. As of March 6, PTA utilization rate slipped to 68.25%, down 6.96% from the beginning of the month. At the same time, polyester supply has basically risen to 2022 levels. In addition, last week's data statistics, polyester filament factories benefit from increased production and sales and finished product inventory declined significantly, polyester in March, there is no possibility of production reduction, under the support of supply reduction, stable demand, PTA short-term will continue high shock trend, strong resistance.

Demand side: order continuity is poor, the market is waiting to see

According to the statistics, as of March 2, the comprehensive operating rate of chemical fiber weaving in Jiangsu and Zhejiang areas was 62.93%, 9.50% higher than last week's operating rate. Although domestic spring and summer orders increased from last week, but the number of foreign trade orders still did not pick up, most of the weaving factory capacity increased, grey fabric inventory rose again.

At the same time, the terminal foreign trade orders of the weaving factory contracted seriously, and the grey fabric market has been lukewarm, which leads to the weaving factory inventory in the traditional peak demand season is difficult to decline, the future market is likely to continue to grow. Next, the downstream market is still facing the impact of adverse factors such as continuous decline in demand, unclear prospects for foreign trade, or continued contraction of terminal garment demand. In general, the downstream demand for polyester filament is still not optimistic!

At present, under the continuous low PTA processing fee, it is still necessary to pay attention to the maintenance of large factories. In addition, the downstream rigid demand marginal recovery, poor orders will still inhibit demand continued. Looking forward to March and April, the polyester filament yarn market will usher in the traditional "gold, three, silver and four" market. For polyester filament yarn enterprises, how to continue to control the right to speak the price in the weak market and improve their own profits may be the only way to stand out from the difficulties.