Since this time, PTA, the leading raw material in the polyester industry chain, has earned its eyeballs, while the relatively active MEG has been robbed of the limelight. The PTA's pull has driven the linkage of the polyester industry chain, currently according to Zhongyu Information. Statistics show that PTA has risen by about 50% since mid-to-late July, with a range of nearly 3,000 yuan/ton. The spot has approached a six-and-a-half-year high. Although the downstream polyester yarn factory continues to increase the price to pressure the terminal to transmit PTA, but The weaving of the weaving link is still very difficult.
On August 4th, Tongxiang City Warp Knitting Chamber organized more than 30 local warp knitting enterprises to open a meeting and released a “Suspension Proposal”, followed by the warring industry association of Haining and the warp knitting of Maqiao Street. The association has successively issued an "Appeal" to strengthen the momentum of the industry. Of course, the Chamber of Commerce hopes that the upstream raw material supplier, that is, the chemical fiber enterprise, can stop the violent price increase behavior and resist the behavior of the whole industry enterprises to stop production. The upstream supplier was forced to rectify the price of raw materials. However, the market reaction was not as expected. Except for the collective decline of the five chemical fiber companies, the world outside the capital market has not changed. The raw materials they need are polyester. Filament prices are still rising.
The current surge in PTA market has indeed led to a significant increase in the production costs of downstream polyester and terminal weaving factories. Some polyester products have been in a state of loss. Some polyester yarn factories have more controllable PTA equipment risks and terminal textile weaving links have lagged and increased. Smaller, recent weaving factories and grey cloth traders have greater operational pressures. Obviously, the overall industrial chain cost transmission is not smooth. At the end of August, the production and sales of polyester filaments declined.
At present, another polyester raw material ethylene glycol is inferior. Although the exchange rate market in the Sino-US trade war is unstable, it has an impact on the operation of the ethylene glycol market. However, under the strong operation of PTA, ethylene glycol lacks funds for speculation. Running around the fundamentals and peripheral news, the ethylene glycol port inventory continued to decline, while the downstream polyester filament stocks were at a low level in the same period of history. Under the double profit of high profit and low inventory, the polyester filament factory was highly motivated and subsequently faced with demand. In the peak season, even if the production and sales of polyester filaments fall, the accumulation of stocks of polyester filament will not lead to the decline of polyester filaments. Overall, the ethylene glycol support is stable. The follow-up market is expected to maintain a high-level shock operation. God closes a door for you. When you open another window, the downstream industry will always survive, thank you for the silence of ethylene glycol at this time.
