Polyester Filament Prices Are Soaring, Supply And Demand Are Tight Or Main Reasons.

Data show that as of November 15th, Polyester filament The price index reached 892.16 and reached a new high. In November 10th, the average price of polyester filament in the whole country was 9356.3 yuan / ton. Experts believe that the tight supply and demand is the main reason for the rise of polyester filament. In fact, since the end of May this year, the price index of polyester filament has been increasing.

Polyester filament is the most important chemical fiber species, and its output accounts for more than 60% of the total output of chemical fiber. It is mainly used in clothing, industrial textiles and textiles for decoration. Its industrial chain is "crude oil naphtha -PX-PTA- polyester polyester filament - Textile".

From the perspective of supply, the capacity expansion of polyester filament has been slowing down in recent years. In 2016, the output of polyester filament in China reached about 29 million 580 thousand tons, and the new capacity in 2017 is expected to be around 1 million tons / year. From raw materials, polyester filament belongs to crude oil related industry chain. product Prices are positively related to oil prices, and crude oil prices have been rising since the end of June.

Crude oil prices dropped sharply in 2014, and polyester filament prices continued to fall. However, since the bottom of international crude oil prices recovered in 2016, the supply and demand pattern of the polyester filament industry has been continuously improved, and the price of filament has gradually picked up. In the near term, the tension in the Middle East will boost the price of crude oil further.

On the morning of November 10th, news came from several media that Salman, the king of Saudi Arabia, offered to give the throne to Mohamed, the iron fist, in the first 48 hours. Oil prices rose 1% at a time, and oil returned to the top of $64, refreshing a daily high of 64.13 US dollars / barrel, and the WTI refresh date was as high as 57.41 US dollars / barrel.

From the perspective of demand, it is affected by the economic recovery of foreign developed countries and the steady improvement of domestic economy. Textile and clothing Industry recovery, polyester filament demand improved. Among them, the demand for 2016 was 28 million 600 thousand tons / year. The volume of polyester filament consumption in 2017 has been maintained at a rate of about 10%, and the annual demand for new products has exceeded 2 million tons. The boom of polyester filament industry has rebounded significantly. At the same time, the three or four quarter is the traditional peak season. The inventory is low and the demand for replenishment is increasing.

Since November, the mainstream polyester factories have increased their quotations, and the production and sales of factories have picked up significantly. The stock of polyester has declined, and POY and FDY products have returned to low inventory.

Stock market experts believe that Tight supply and demand This is the main reason for the rise of polyester filament, and the cost increase of upstream will further expand the space for raising the price of polyester filament. It is expected that polyester filament will continue to pull up in the near future, and relevant companies are expected to benefit. The concept of polyester filament is worth paying attention to.