The polyester filament market, which has been deadlocked for more than half a month, is moving again today! It is reported that on the 15th, stimulated by various news, the price of polyester filament ushered in a general rise!

Oil prices have soared by more than 40% in the past 6 weeks! The second attack on a Saudi oil tanker may cause oil prices to rise again.

OPEC will hold a meeting of the Ministerial Supervisory Committee of OPEC and non-OPEC oil producing countries on Thursday. Boosted by news of the new crown vaccine, oil prices have soared by more than 40% in the past 6 weeks.

In addition, high-frequency data clearly shows that the tightening of epidemic prevention measures in many European countries and some states in the United States has not adversely affected overall economic activities. These positive factors may push oil prices higher and open the door for oil prices to retest their pre-epidemic levels in March.

Driven by international oil prices, it has boosted the enthusiasm of PTA and chemical fiber manufacturers to increase prices. According to price monitoring, since the beginning of November, the domestic PTA market started a rebound mode, and the price continued to rise in December. As of December 14, the domestic PTA spot market price was 3628 yuan/ton, a single day increase of 3.71%, an increase of 9.62 from the beginning of the month. %.

The quotations of polyester filament companies have been raised one after another, driven by the terminal buying atmosphere, production and sales have recovered, and the volume and price of polyester filament have risen. The focus of polyester filament negotiations continues to rise. The mainstream factories in Jiangsu and Zhejiang provinces polyester POY (150D/48F) reported 5350-5750 yuan/ton, an increase of 300-500 yuan/ton from the beginning of the month.

In terms of production and sales, the polyester filament market in Jiangsu and Zhejiang is booming. The average production and sales of major manufacturers are 100%-120%, and the production and sales of some better factories are as high as 280%. In terms of inventory, the overall polyester market inventory is concentrated in 17-32 days, of which POY inventory is 4-11 days, FDY inventory is around 12-29 days, and DTY inventory is around 19-32 days.

In addition, downstream weaving manufacturers still have a rigid demand for polyester yarn. At the same time, they have experienced the early downturn in production and sales, and weaving companies also have demand for replenishment. At the same time, as the price of polyester filaments rises, some grey fabric accessories manufacturers are also adjusting their quotations.

Some raw material distributors expressed their optimism about this market. Thanks to the positive news such as vaccines and oil prices, polyester filament companies have a strong willingness to stabilize the market. However, production and sales have rebounded in recent months, and corporate inventory pressure has declined slightly, which supports corporate confidence to a certain extent , Plus most varieties of cash flow losses. At the same time, the current price is still low and there is still room for increase, so the probability of continuing to issue price increase notices in the later period will be greater.

Xielong Group High-tech Chemical Fiber Co., Ltd. is a professional supplier of material spinning, weaving and dyeing of shoe material textile. The main products are nylon thermal fuse, polyester thermal fuse, TPU special filament, TPU thermal mesh, PES Hot melt adhesive omentum, PA hot-melt omentum, etc.

The launch of Xielong Group's new materials will provide environmentally friendly, safe, and better-performing products for the development of shoe materials, clothing, luggage, furniture, and decoration industries.

If you want to know more product information, please contact: Ms. Jiang 18861266688  Manager Chen 13960259999  Website: http://www.xlfiber.com