Will The Polyester Staple Go Up A Little When Supply And Demand Balance?

April has come quietly. Looking back on the polyester staple in March, the performance is good and bad, high and low.

At this stage, PTA has rebounded in the expectation of centralized maintenance, and a few PET staple factories have increased their quotations or reduced their preferences.

However, the downstream enterprises have a certain stock of raw materials, and they still have conflicting feelings towards high staple PET staple. So what will the trend of polyester staple fiber be in the short term?

Raw materials tend to rise and fall.

Polyester raw materials PTA and glycol, the market is easy to rise or fall.

PTA centralized maintenance at the end of the month, Yisheng Dalian, Hengli Dalian, Hon Bang petrochemical and Jiaxing Petrochemical overhaul plan to boost the market atmosphere. Although Hengli Petrochemical 20 million ton / year integrated petrochemical project started to start, there are certain variables in the market when the supply side of PX is bad. But for polyester staple industry, the rising cost period is conducive to boosting the market atmosphere. In addition, in the case of rising costs, the principle of buying up or not buying downstream is increasing, and the downstream replenishment volume is increasing. If the raw material continues to exert strength, it will play a positive role in improving the market atmosphere.

Lower inventory and lower operating rate

The polyester staple market itself, there are still 450 thousand tons of maintenance plan at the end of the month, but the repair of Yizheng chemical fiber will start at the end of the month or early April. In addition, the new production of Xiangyang Chemical fiber 80 thousand tons will start soon.

For the supply side, the overhaul plan is larger than the new launch and restart plan, or the operating rate has declined.

In terms of inventory, the mainstream staple fiber staple factory is not well stocking, and even some factories are rather strained and difficult to deliver. This situation will form a certain price support for the polyester staple market in the later stage.

Demand side running smoothly

Overall, the recent yarn market is relatively stable, but the market has not reached the peak season level, and the overall supply is still exceeding demand.

YISHION polyester yarn, the recent market shocks finishing, prices are basically stable, Jiangsu and Zhejiang 32S pure polyester yarn mainstream price 13600 yuan / ton, 50S pure polyester yarn mainstream price 17450 yuan / ton.

This week, PET staple production and sales have improved, and demand is basically balanced.

To sum up, the market of polyester staple fiber will be narrow and warm in recent years.

At the end of the raw materials, PX's new production is still a shock to the market, and it is expected that the PTA market will remain stable in the late stage.

And the feedstock pressure of ethylene glycol is still difficult to alleviate. However, when the overall supply and demand is tight, the raw material ends will have some support.

On the supply side, the polyester staple market will have several sets of equipment overhauled in April, so the supply pressure has increased.

Demand side, although the downstream weaving enterprises orders less than in previous years, but low inventory.

Therefore, it is expected that the polyester staple market in the short term or narrow warmer.

(source: LIAN, Zhuo Chuang)