Polyester industry chain dragged down by international oil prices

International oil prices fell sharply last week as investors downplayed prospects for global oil demand growth amid growing signs of economic slowdown in the United States, the world's largest oil consumer. Oil prices fell 7.99 per cent in New York and 9.82 per cent in Brent. Among them, New York oil prices fell to a new low since June last year.

Driven by oil prices, the decline of PX-PTA market deepened; Among them, PX and PTA fell more than 6% in a week, and MEG fell more than 4%, which can be said to have a huge decline.

Polyester bottle chip prices continue to decline. Downstream factories have been replenished on low, and have locked this year's supply in advance. The market is in a downward channel, traders are becoming more cautious about replenishment, basic back-to-back operations, and the early replenishment is continuously "set", and the mentality is frustrated. Local sources of delivery of goods are tight, resulting in increased losses. The buying gas in the industry is weak, and the trading needs to be replenished. As of the close of September 6, the East China market polyester bottle flake water bottle material fell to 6350 yuan/ton, a new low this year.

But at the same time, polyester filament only fell about 50 yuan/ton in a week, a decline of less than 1%, in the case of such a fall in the upstream, the performance is still relatively strong.

Market orders are still rising

Jinjiu traditional season is coming, although the demand is weaker than in previous years at the same time, but the textile market orders are still gradually increasing, cotton viscose filament and other textile raw materials stable warm operation, weaving boot slowly improve, textile business confidence is recovering, but there are still some small and medium-sized textile companies orders poor, conversion or limited production continue, with the retreat of high temperature days, autumn and winter orders are also continuously issued, Coupled with the subsequent National Day New Year's Day and the Spring Festival and other holidays, terminal consumption is also increasing, the textile market is still expected to pick up, and the textile market is still expected.

From the point of view of loom start-up, according to the sample data monitoring shows that the current water jet, jet weaving factory opening rate of 73.5%, compared with the beginning of August increased by 3%, a large number of weaving enterprises have begun to open the loom, there is a more obvious warming trend.

From the perspective of orders, according to Longzhong data statistics, as of September 5, the average number of days of terminal weaving orders was 14.09 days, an increase of 1.19 days from last week, and the performance is not bad.

Therefore, although the textile market did not appear "explosive orders" after September, the number of basic orders in the peak season still exists, and these orders have been restored, but also the price of polyester filament has played a certain supporting role.

Of course, the greater reason for the recent strength of polyester is that the industrial structure has changed.

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