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According to the commodity market analysis system of the business community, domestic polyester filament prices rose first and then fell in June, as of June 29, the mainstream polyester filament factories in Jiangsu and Zhejiang regions, polyester POY(150D/48F) quote in 7350-7550 yuan/ton, polyester DTY(150D/48F low bullet) quote in 8700-9250 yuan/ton, Polyester FDY(150D/96F) is quoted at 8000-8250 yuan/ton. Boosted by good costs, boosting polyester prices, but with the deepening of the off-season phenomenon, the market is weak under the lack of demand.
In June, the supply and demand of crude oil was not significantly driven, and the oil price fluctuated between ranges. As of June 28, the settlement price of the main contract of WTI crude oil futures in the United States was $69.56 / barrel, and the settlement price of the main contract of Brent crude oil futures was $74.24 / barrel. As of June 27, the settlement price of the main contract of WTI crude oil futures in the United States was $67.70 / barrel, and the settlement price of the main contract of Brent crude oil futures was $72.51 / barrel. However, in June, PX large plants unplanned production cuts caused concerns about PX supply constraints, forming a positive boost. In June, the decline of the domestic PTA market slowed down, mainly shock adjustment, as of June 29, the average price of the spot market in East China was 5600 yuan/ton, down 1.08% from the beginning of the month, down 16.82% year-on-year.
The downstream terminal textile industry off-season drag down the demand market, textiles, clothing new orders are weak, individual weaving factories shut down or reduce the opening probability, Jiangsu and Zhejiang comprehensive opening probability near 60%. Orders are insufficient to follow up, enquiries are not strong, and the overall market turnover shows a narrow downward trend. The foreign trade market also performed poorly, customs data show that from January to May, China's cumulative textile and garment exports of 118.2 billion US dollars, down 5.3%, of which textiles fell 9.4% and clothing fell 1.0%. Textiles fell 14.1 per cent in May from a year earlier, while clothing fell 12.4 per cent.
Business analysts believe that the current overseas PX supply of raw materials has been restored, and the new domestic devices have successfully discharged, and the PX supply tends to be relaxed. The PTA market faces destocking in June, but the domestic PTA device restarts more in the second half of the year, and the current PTA device load is increased to more than 80%, and it is expected to enter the accumulation stage after July, so there is a weakening risk at the cost end of polyester. In addition, although the current inventory of most manufacturers of polyester filament is at a low level in recent years, but the next 7-August high temperature weather, weaving and other downstream areas of the open probability still has a declining trend, polyester industry is expected to heat up. On the whole, the market price of polyester filament in July will fluctuate and run weakly.