Overview of national polyester fiber production, s

In May, 2009, the national polyester fiber production, sales and inventory operation overview

I. crude oil price overview

Business News Agency, July 17 - crude oil prices continued to oscillate upward in May. By the end of the month, the price of crude oil had risen to $66.20/barrel, up $15.40 from the beginning of the month. The test schedule can be determined as needed/barrel, with a single month increase of 30.31%. The continuous rise in crude oil prices is mainly due to the depreciation of the US dollar. In mid May, the US dollar index closed at 82.36 points, down 0.36 points, and once fell below the annual line. In addition, the unemployment rate of the non-agricultural employed population in the United States continued to rise, reaching 9.2% in May, indicating that the U.S. economy is still in a downturn. Therefore, in the absence of major geopolitical and geopolitical events, the sharp rise in crude oil prices is not a change in the relationship between supply and demand, which is then supplied to Apple by battery manufacturers. In the future, the crude oil price is likely to continue to rise inertia, but the increase will not be large. Due to the recent large increase in crude oil price and the large depreciation of the US dollar in the early stage, the crude oil price will fall slightly under the influence of the rebound of the US dollar after its inertia

II. Price overview of related chemical products

the price of related chemical products deviated from the price of crude oil this month. At the end of the month, the PX price closed at about US $1070/ton, down US $116/ton or 9.78% from the beginning of the month. PTA prices closed at 7100 yuan/ton, down 0800 yuan/ton or 10.13% from the beginning of the month. Eg price closed at 4400 yuan/ton, down nearly 0300 yuan/ton or 6.38% from the beginning of the month

crude oil prices continued to rise this month, but the prices of related chemical products fell, indicating that cost pulling is no longer a decisive factor in the price trend, and the demand change of downstream product demand has become a decisive factor affecting its price. Due to the continuous rise in the price of polyester products in the early stage, the downstream demand shrank this month. The decline in demand is bound to lead to the reduction of enterprise output, which directly leads to the decline in the demand for related chemical products. Therefore, the price of chemical raw materials fell this month. In addition, the price of chemical raw materials continued to oscillate and rise in the early stage, and the increase was too large. It is also very normal to adjust when the downstream demand decreases. From the beginning of the year to the end of April, PX rose by 73.53%, PTA rose by 54.90%, and eg prices remained stable. In the future, the price of chemical raw materials is expected to continue to decline due to the expected decline in crude oil prices and the decline in the downstream polyester product market. If the adjustment range is large, there may be a rebound later

III. polyester product market overview

(I) polyester chips

1. Production, sales and inventory overview

according to the data statistics of China Textile Circulation Association (sample enterprises), the production of polyester chips this month was about 441000 tons, a decrease of nearly 2300 tons month on month, a decrease of 0.52%. The year-on-year decrease was nearly 4400 tons, a decrease of 0.98%. The sales volume of this month was about 427000 tons, with a month on month decrease of nearly 11700 tons, a decrease of 2.66%. The year-on-year decrease was nearly 21100 tons, a decrease of 4.71%. The inventory of this month was about 247800 tons, with a month on month increase of nearly 14200 tons, an increase of 6.07%. The year-on-year increase was nearly 105800 tons, an increase of 74.51%. The production and sales rate of this month was 96.81%, with a month on month decrease of 2.15 percentage points and a year-on-year decrease of 3.79 percentage points. The inventory level this month was 56.19%, with a month on month increase of 3.50 percentage points and a year-on-year increase of 24.30 percentage points

2. Price overview

the price of polyester chips has been significantly adjusted this month, which confirms our prediction last month. By the end of the month, the price of polyester chips had fallen to about 7800 yuan/ton, about 11000 yuan/ton lower than that at the beginning of the month, with a decrease of 12.36% (see Figure 3.1.2). The main factors causing the price adjustment of polyester chips include two aspects. The first is the decline in downstream demand and a substantial increase in inventory. Due to the continuous rise in the price of polyester chips in the early stage, the production capacity is gradually released, and the relationship between supply and demand has changed in the near future, which is reflected in the increase in supply, the decrease in demand, and the increase in inventory. The second is that the price of polyester chips increased significantly in the early stage. From the end of last year to the end of April, the price of polyester chips has rebounded by 58.93%, and it is normal to adjust when the downstream demand is less. In the future, the price of polyester chips will continue to fall inertia for some time, but due to the recent large adjustment, it may rebound later

3. Sales flow

according to the statistics of China Textile Circulation Association (sample enterprises), the sales of polyester chips this month are mainly concentrated in Jiangsu, Zhejiang and export. Affected by the reduction of domestic demand, the inflow of major sales regions this month decreased to varying degrees compared with the previous month. Among them, Jiangsu reduced by nearly 5200 tons, a decrease of 3.69%; Zhejiang reduced by nearly 7400 tons, a decrease of 5.77%. The export volume increased by nearly 2800 tons this month, with an increase of 5.48%. The inflow of polyester chips in other regions is relatively small, and the inflow of polyester chips in Inner Mongolia, Guangxi, Qinghai and other regions is blank this month

(II) polyester staple fiber

1. Overview of production, sales and inventory

according to the data statistics of China Textile Circulation Association (sample enterprises), the output of this month was about 170000 tons, basically unchanged month on month, with a year-on-year decrease of nearly 17500 tons, a decrease of 9.33%. The sales volume of this month was about 167300 tons, with a slight increase of 0.18% month on month. The year-on-year decrease was nearly 22800 tons, a decrease of 11.99%. The inventory of this month was about 102400 tons, with a month on month increase of nearly 2700 tons, an increase of 2.71%. The year-on-year increase was nearly 20500 tons, an increase of 25.03%. The production and sales rate this month was 98.37%, down 0.49 percentage points month on month. A year-on-year decrease of 3.00 percentage points. The inventory level this month was 60.24%, with a month on month increase of 1.24 percentage points. An increase of 16.56 percentage points year-on-year

2. Price overview

the price of polyester staple fiber has been significantly adjusted this month. As of the end of the month, the price of short fiber fell to 8600 yuan/ton, down nearly 0800 yuan/ton from the beginning of the month, a decrease of 8.51%. The main reasons for the decline in short fiber prices this month include two aspects. The first is the sharp decline in the price of polyester chips. The second is that the supply and demand relationship of short fiber has changed. Since the price has rebounded by 36.23% from the low point of last year to the end of April. The output and price continued to increase slightly, while the downstream demand remained stable, resulting in an increase in inventory. When supply exceeds demand, product prices fall. At present, the supply-demand relationship of short fiber has not changed much, and the inventory pressure is not obvious. Therefore, it is unlikely that the future price will continue to fall significantly. As long as the upstream raw material price can be stabilized, the short fiber price will rebound in the near future

3. Sales flow

according to the statistics of China Textile Circulation Association (sample enterprises), the sales of polyester staple fiber this month are mainly concentrated in Jiangsu, Hubei, Zhejiang and export. Among them, the inflow of Jiangsu, Hubei, Zhejiang and other major sales regions was basically flat month on month, and the export volume increased by nearly 0500 tons, an increase of 4.43%. The inflow in other regions is relatively small, and the inflow of polyester staple fiber in Gansu, Qinghai and Ningxia is blank this month

(III) polyester filament

1. Overview of production, sales and inventory

according to the data statistics of China Textile Circulation Association (sample enterprises), the output this month is about 209600 tons, with a month on month decrease of nearly 0.1. Do you really understand the structure and operation method of concrete pressure testing machine? 40000 tons, a decrease of 0.66%. Basically flat year-on-year. The sales volume of this month was about 197800 tons, with a month on month decrease of nearly 22100 tons, a decrease of 10.05%. The year-on-year decrease was nearly 23100 tons, a decrease of 10.46%. The inventory of this month was about 96500 tons, with a month on month increase of nearly 11700 tons, an increase of 13.79%. The year-on-year increase is nearly 29000 tons, with an increase of 4. The positioning pin can be set aside by 2.96%. The production and sales rate this month was 94.39%, down 9.85 percentage points month on month. A year-on-year decrease of 12.54 percentage points. The inventory level this month was 46.08%, an increase of 5.89 percentage points over the previous month. Year on year growth of 13.41 percentage points

2. Price overview

the prices of various varieties of polyester filament showed a downward trend this month. As of the end of the month, the price of POY silk fell to 8700 yuan/ton, a decrease of 12000 yuan/ton or 12.12% over the beginning of the month. The price of DTY silk fell to 10000 yuan/ton, down 0900 yuan/ton from the beginning of the month, or 8.25%. The price of FDY silk fell to 10500 yuan/ton, down 0700 yuan/ton from the beginning of the month, or 6.25%. The reasons for the price decline mainly include two aspects. The first is the reduction of downstream demand. The sales volume of this month was about 197800 tons, with a month on month decrease of nearly 22100 tons, a decrease of 10.05%. Second, the price of upstream raw materials fell. The price of polyester chips fell by about 11000 yuan/ton compared with the beginning of the month, a decrease of 12.36%. In the future, the price of polyester filament will continue to fall by a small margin, but due to the recent large adjustment, there may be a large rebound

3. Sales flow

according to the statistics of China Textile Circulation Association (sample enterprises), polyester filament sales this month are mainly concentrated in Zhejiang and Jiangsu provinces. Affected by the reduction of downstream demand, the inflow of Zhejiang Province decreased by nearly 12500 tons month on month, a decrease of 10.69%; The inflow of Jiangsu Province decreased by nearly 10000 tons month on month, with a decrease of 15.86%. The inflow volume in other regions is relatively small, and the inflow volume of polyester filament in Beijing, Shanxi, Inner Mongolia, Jilin and other regions is blank this month

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