Bad Hair Is Frequently Seen In Polyester Filament.

The sales promotion mode has been opened up, and the downstream stocks have eased slightly. However, due to the second week of March, the international crude oil slump, polyester cost support collapsed, polyester filament enterprises traded at a price, but because of the slow recovery of the downstream industry, the effect was very small, and the industry quickly entered the downstream channel.

Varieties	2020/3/2	2020/3/9	2019/3/16
POY 150D/48F	Six thousand and six hundred	Six thousand and four hundred	Six thousand two hundred and twenty-five
FDY 150D/96F	Six thousand and nine hundred	Six thousand and eight hundred	Six thousand six hundred and twenty-five
DTY 150D/48F	Eight thousand and three hundred	Eight thousand and two hundred	Eight thousand and twenty-five

Source: lung Chung

At the beginning of March, when the PET filament factory was promoted, the inventory eased slightly. The downstream weaving and some traders returned to the wait-and-see mentality after a modest margin. However, last week, OPEC+ failed to reach a new production reduction agreement. Saudi Arabia lowered its oil sales price and planned to increase production. The international crude oil plunged day by day. Polyester raw materials PX, PTA and ethylene glycol fell sharply, and polyester cost support collapsed. Oil rebounded slightly, polyester filament enterprises further expanded because of the preferential treatment, under the bottom of the bottom stock mentality, part of the lower reaches of the bargain buying, polyester filament local production and sales volume, but because of the superposition of downstream demand is not as expected, the market as a whole wait-and-see mood is strong, the overall production and sales data as a whole, polyester filament turnover center of gravity further decline.

factory	Capacity (10000 tons)	Maintenance plan
Jiangyin three lane	Four	Eleven Gradually cut production on 13 May
Zhejiang Tiansheng	Twenty-four	Eleven Production decreased by 20% on 13 February.
New Feng Ming	Sixty-five	Twelve From 5 to January, the burden has been gradually lowered, and it will start heating up in mid March.
Zhejiang Tiansheng	Forty	Twelve Maintenance 11 months, restart time is not yet determined
Ningbo Da wo	Twenty-five	Twelve Maintenance on 20 October, plan to restart in March
Fujian Bai Hong	Twenty	One Maintenance on 1 may has been resumed this week.
Zhejiang Tiansheng	Forty	One Maintenance on 4, March, restart in succession
Taicang Shen Jiu	Twenty	One Maintenance on 8 October, scheduled to restart in mid March
New Feng Ming	Thirty	One Maintenance on 10 February, heating up in mid March
Zhangjiagang Xinxin	Fifteen	One Maintenance 10 months, restart time is not yet determined
Ningbo Zhuo Cheng	Seven point two	One Maintenance 10 months, restart time is not yet determined
Wu Jiangxinmin	Ten	One Maintenance 10 months, restart time is not yet determined
Xiaoshan No. 1 Factory	Twenty-five	One Maintenance on 10 May was resumed in early March.
Wujiang Eagle Xiang	Twenty	One Maintenance 13 months, restart time is not yet determined
Wu Jiangxinmin	Twenty	One Maintenance 13 months, restart time is not yet determined
Zhejiang Jiabao	Fourteen	One Maintenance on 15 May, 200 thousand ton device has been restarted.
Xiaoshan No. 1 Factory	Ten	One Maintenance 17 months, restart time is not yet determined
Xiaoshan No. 1 Factory	Eight	One Maintenance 23 months, restart time is not yet determined
Tongxiang No. 1 Factory	One hundred and twenty-six	One 27 months in a row, the restart time is uncertain.
Jiangyin three lane	Twenty	One Maintenance 28 months, restart time is not yet determined
Weifang Warburg	Ten	One Maintenance on 31 May has been resumed this week.
Zhejiang Tiansheng	Twenty	Two Maintenance 2 months, restart time is not yet determined
New materials from Southeast China	Thirty	Two Maintenance 2 months, restart time is not yet determined
Tianlong new material	Twenty-five	Two Maintenance for 2 months, 3 mid month
Xiaoshan No. 1 Factory	Fifty	Two Maintenance on 3 may is expected to resume at the end of March.
Ancient towpath	Forty	Two A gradual stop on 22 May is expected to resume at the end of March.
Zhejiang green	Ten	Two Maintenance is scheduled for 4 months. It is expected to be postponed in mid March.
Ningbo Quan di	Eight	One Maintenance on February 3, restart in February 25th, start load 6
Ningbo Jinsheng	Three	One Maintenance on February 10, heating up in February 23rd, start-up load 7
Total	Seven hundred and thirty-nine point two

According to long Zhong data statistics: as of press release, the current domestic melt direct spinning polyester filament repair involves a total capacity of 7 million 670 thousand tons. Recently, the products, such as Hong Ju, Lian Da, Zhen Hui, have been filming last week. New Feng Ming, Fujian polyamide and Fujian polyhong devices have been restarted. The polyester filament industry started 81.38%, up 5.2% from last week.

Main raw material PTA: at present, the price of PTA market has reached a new low. OPEC+ cut production conference broke down, Saudi Arabia will increase Nissan to 1000-1200 barrels / day, crude oil price war kicked off, overlay the global public health events bad luck, international oil prices plummeted, last week, PTA futures price limit. Subsequently, shale oil companies in the United States may respond to the impact of low oil prices by reducing production. Crude oil rebounded slightly, but Saudi Arabia could substantially increase production to 12 million 300 thousand barrels / day in April, resulting in a fall in oil prices. Although fukhai 4 million 500 thousand tons and Hengli Petrochemical 2 million 200 thousand tons of equipment entered the parking lot, at the end of the week, Dushan energy 2 million 200 thousand ton PTA plant entered the overhaul on the weekend, but it is difficult to save the PTA vulnerable pattern. At the end of the cost side, the polyester load is gradually increasing, but the contradiction between supply and demand mismatch still exists, and PTA prices continue to be low.

The current situation of downstream industries: in March, the process of reloading and weaving resumed in the lower reaches of the Yangtze River was accelerated. The comprehensive starting rate of chemical fiber weaving in Jiangsu and Zhejiang provinces was 65.52%, and the ratio increased by 5.07 percentage points. With the slow opening of the trading market such as textile city, however, due to the lack of terminal orders further dragging up the progress of load upgrading, raw material consumption is relatively limited, and the stock is mostly stocked before the year of digestion. In terms of orders, foreign orders are slightly down due to the current international health incidents, and with the development of health events, enterprises are not optimistic about the follow-up orders.

Domestic public health incidents have gradually improved, while overseas public health incidents are still fermented. In addition, the recent sharp drop in international oil prices has been a drag on commodity market atmosphere. The polyester filament Market and the bomb weaving terminal enterprises are mainly promoting sales and shipping because of the pessimistic expectations for the latter period, and the supply and demand contradictions will be limited in the short term. Under the guidance of the mood of buying or selling, the lower reaches of the stock market are rising. The stock of polyester filament enterprises has eased slightly, but the overall situation is still at a high level. Promotion or further promotion.