The Price And Profit Of Polyester Filament Have Been Decreasing This Year.

Since the beginning of this year, the internal friction and external friction of polyester filament, the external trade friction and the transfer of textile and garment industry have led to the shrinking export orders and the pressure of export. However, the domestic economic slowdown has slowed down the purchasing power of residents, coupled with the concentrated release of polyester filament production capacity in recent years, and the demand growth has slowed down. The contradiction between supply and demand has been highlighted, and the profit level has been continuously compressed.

Comparison of price trends of three mainstream models of polyester filament in 12019 years

Source: lung Chung

In the first half of the year, thanks to the cost side support, the trend of the polyester filament market is acceptable. During the several rounds of preferential sales promotion, the daily turnover is at 300%-500%, and the price is higher than 1000%. The price is kept at a relatively high level. However, in the second half of the year, the new equipment of polyester filament has been put into operation and the price of raw materials has been dragged down continuously. The atmosphere of the market is very cold, the market has been blocked frequently, the effect of discount promotions is not good, the inventory keeps accumulating, prices continue to be explored, and profits continue to shrink.

chart 22018-2019 Comparison of monthly average profit of polyester filament

Source: lung Chung

According to long data, Two thousand and eighteen year POY , DTY Profit level and Two thousand and seventeen Year gap is not large. POY Higher profits Two thousand and seventeen Annual profit level, however. Two thousand and nineteen Year comparison Two thousand and eighteen Compared with the year, POY , FDY , DTY Profits narrowed, year-on-year decline respectively 31.66% , 42.51% , 22.25% 。 As shown here, there are two stages of the loss of polyester in this year. The first stage is before and after the Spring Festival. POY Cash flow is in a state of loss. Enterprises jointly limit production and protect prices, and raw materials. PTA Prices continued to rise, polyester enterprises quoted prices rose, profit levels improved. The second stage is the beginning of the three quarter and the beginning of the four quarter. The dual raw materials are continuously explored and the cost side support is insufficient. One hundred and fifty In the vicinity of 10000 tons, the market supply increased, but the demand in the busy season was not strong, and the downstream users just needed to buy it. The polyester enterprises' inventory pressure had been increasing at a price, and profits had been shrinking.

In winter, fabric procurement is coming to an end, while spring orders have not yet been launched, and market demand is in the stage of sluggish demand. Even if spring orders are launched, capital shortage of downstream enterprises is still tight, procurement is still maintained just now, and production and marketing are difficult to meet. Therefore, polyester filament enterprises are slow to go inventory process, and the pressure of enterprise inventory is prominent. Promotion is also a frustration. According to long Zhong's understanding, some of the bomb factories have been running down, and some of the polyester filament enterprises also have some risk reduction. Eleven After the middle of June, it is expected that the team will gradually expand, and at the end of the year, enterprises will step up their sales promotion efforts. The cash flow is expected to continue to narrow, and this year's losses will continue to decrease and profits will also decrease.