According to the Commodity Market Analysis System of Shengyi Society, there was a slight price correction from October 1st to 13th. On October 13th, the mainstream polyester filament factories in Jiangsu and Zhejiang Province quoted POY (150D/48F) at 7200-7400 yuan/ton, polyester DTY (150D/48F low elasticity) at 8800-9200 yuan/ton, and polyester FDY (150D/96F) at 7900-8100 yuan/ton.
In terms of cost, according to data from Shengyi Society, as of October 13th, the average spot price of PTA in the East China region was 5208 yuan per ton, an increase of over 8.5 percentage points compared to September 14th. However, since the end of the National Day holiday, there has been significant turbulence in the crude oil market, which has further affected the PTA raw material market. Affected by it, PTA prices fluctuated narrowly and cost support was average.
In terms of supply and demand, the production of polyester has slightly increased, and the inventory of enterprises has begun to show an upward trend. This undoubtedly brings greater pressure to the sales of goods in the factory. On the demand side, many downstream enterprises have completed inventory replenishment work ahead of schedule until the end of October, and their current purchasing enthusiasm is not high. At the same time, due to the uncertainty of future market trends, these companies also lack confidence and are more inclined to choose to consume existing inventory rather than blindly make new purchases. This wait-and-see strategy undoubtedly further exacerbates the supply-demand imbalance in the market.
Overall, analysts from Shengyi Society predict that the willingness of filament enterprises to ship still exists, and it is expected that the filament market prices will remain stable and fluctuate in the short term. In the game of cost and supply and demand, it is necessary to pay attention to the trend of the raw material market and the downstream order placement situation in the future.
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