Polyester Filament Profit Shrink Stock High Two Weeks Actually Fell 1000 Yuan

In the past two weeks, polyester filament has only one word, fell!

Fall, fall, fall - become a new term for polyester filament.

During the national day and after the small holiday, the favorable factors and the purchasing atmosphere after the festival picked up. The price of polyester filament rose at a time, and the quotations of mainstream manufacturers rose. But after a short period of good progress, the polyester market once again entered the embarrassing market of volume and price, and the polyester market was equally miserable.

Head green, two weeks down more than 1000 yuan!

In the past two weeks,

It can be said that the continued downturn in the market, the mainstream manufacturers quote the center of gravity fell a hundred yuan per day to become the norm, and some of the products in the day offer or even fell 200-300 yuan / ton or above the level.

According to the tracking data of China silk net, as of 30 days, the price of FDY 150D was around 10100 yuan / ton level, compared with the 12 day price, it dropped by nearly 1200 yuan / ton. Similarly, the average market price of POY 150D product has dropped to 9850 yuan / ton now, compared with the mid month price, it has dropped by nearly 1400 yuan / ton.

DTY products prices are also the same, most polyester products in the two weeks time fell by more than 1000 yuan, and some even as high as 1300-1500 yuan / ton decline in space.

Profits are diluted or facing losses.

Earlier, we mentioned polyester filament, although the price fell slightly, but polyester manufacturers are not worried, after all, there are abundant profits to support.

However, in the past half a month, the profit margins of polyester factories are being diluted rapidly. Especially in recent days, the price of PTA and ethylene glycol has rebounded slightly, and the profit margins of polyester filament products have been seriously shrinking.

From the cost side of polyester filament market, upstream polyester raw materials

For polyester manufacturers, they are both power and pressure.

Along with the short rebound of upstream raw materials, and the continuous decline of the price center of their own, it also means that the cost pressure is difficult to dissipate for polyester manufacturers.

From the data statistics, the profit margin of FDY 150D is only maintained at around 71 yuan / ton now, compared with the monthly profit has dropped by nearly 548 yuan / ton, compared with the previous year, it dropped by nearly 621 yuan / ton.

Similarly, the profits of POY 150D products are also shrinking. Now the profit is only 221 yuan / ton, which has shrunk by nearly 723 yuan / ton compared with the middle of the month.

The relative amplitude of DTY products is slightly smaller, but there are also varying degrees of decline.

Of course, this is only our theoretical profit level, the actual consumption of factories is different, some even lower profits, some products may already face a loss situation.

Production and marketing continued to slump, inventories accumulated to a high level during the year.

After the National Day holiday, due to the lower reaches

Raw material inventory is low, periodic replenishment, market trading atmosphere is rising, demand for polyester market has been steadily released, the polyester market has a steady overall production and sales performance, and the overall production and marketing is around 110-120%.

But in the first half of October, due to the limited order in the downstream weaving Market, the market tended to be cautious in purchasing, plus the pressure on upstream raw materials market downward, the purchasing enthusiasm of the downstream weaving factories dropped suddenly, the market production and sales performance was light, and the demand was mainly replenishment, and the overall production and marketing dropped to 4-6 in the vicinity. On the 29 day, after a short day tour, production and marketing continued to slump.

With the downstream market demand shrinking,

The impact of production and marketing slump, polyester manufacturers stock accumulation further, has reached the high level of the year.

From the statistics of China silk net, the overall stock of polyester market is around 14-22 days now. In terms of specific products, POY stocks are in 13-17 days, FDY stocks are near 14-19 days, while DTY stocks are about 21-27 days.

I have to sigh with emotion.

What's wrong with this? Price falls, profits shrink, production and marketing is low, and inventory is high. Where will the market follow?