Raw materials are suffering from the pain caused by the collapse of oil prices during the holiday, but crude oil is playing wild in 10 days! After the collapse of crude oil, before the domestic opening, the Palestinian-Israeli conflict made the subsequent polyester market more variable!

In the third quarter of 2023, the polyester filament market fluctuated higher, as of September 28, the average price of POY150D/48F in the third quarter in Jiangsu and Zhejiang was 7700 yuan/ton, up 2.86% quarter-on-quarter, down 3.33% year-on-year, of which the highest point in the quarter was 8150 yuan/ton, and the lowest point was 7350 yuan/ton.

In the fourth quarter, polyester downstream demand gradually weakened

Entering the fourth quarter, polyester downstream textile market and soft drink packaging market demand will gradually fade. After the weather turns cool, the polyester downstream soft drink market demand will decline significantly, and the traditional peak season of the polyester downstream textile market will gradually end in late October. Affected by this, polyester downstream weaving, elastic opening probability and yarn, soft drink load will steadily decline, the fourth quarter polyester market demand will enter a stage of gradual decline. In addition, the polyester raw material PTA market oversupply and demand fall, it is expected that the PTA market price in the fourth quarter will be first depressed and then raised, which will further restrict the future demand release of the polyester market and even affect the production of the supply side of the polyester market.

In the fourth quarter, the pace of polyester production capacity was slowed down

Only two units of polyester filament were put into operation in the fourth quarter, involving a total capacity of 750,000 tons. This year, the growth rate of polyester filament production capacity is obvious, mostly concentrated in the first three quarters, a total of 4.12 million tons of new production capacity, rapid expansion of production capacity. In recent years, the domestic polyester filament industry has maintained relatively stable growth in terms of production capacity and output, but as the market tends to saturation, the subsequent polyester filament production capacity increase or limited, and the industry capacity expansion trend or slowdown.

Overall, the fourth quarter polyester filament market or shock down. With the gradual delivery of downstream and terminal winter orders, terminal demand or sold out in advance, the market atmosphere is cautious, and the supply pressure of polyester filament is highlighted. As inventories continue to grow, enterprises or negative risk aversion, the scale of production cuts to expand, so for the fourth quarter polyester filament market more pessimistic and cautious expectations, continue to pay attention to the trend of raw materials and downstream demand to weaken the negative feedback situation.

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