In an instant, it has entered the midsummer of July.

Looking back at the first half of the year, the entire industrial chain was shrouded in the haze of the epidemic. The outbreak of the new crown epidemic caused a sharp reduction in global demand, and the "troika" of exports, consumption, and investment was severely hindered. Regardless of the upstream or downstream of the industrial chain, the market in the first half of the year is in a downward channel, and it is difficult to promote the stimulus.

The epidemic caused the terminal demand to slump and hit the textile industry chain. Crude oil and the demand side are difficult to help, and the polyester industry chain suffered a “middle-age crisis” in the first half of the year. So, let's review the situation of polyester raw materials PTA, ethylene glycol and polyester filament in the first half of this year.

Beginning in the second half of last year, PTA has "gone away" because of the serious contradiction between supply and demand, and fell to the altar. This year, due to the impact of the epidemic and the negative crude oil, the weakening of the PTA market is more obvious. From January to March, during the period before and after the Spring Festival, PTA was subject to high inventory and the Spring Festival holiday, and the load was lower, but after April, the PTA load continued to rise and was in a range of fluctuations.

In the form of fundamental vacancy, the PTA load still has no ups and downs.

The load and supply are higher, but the demand is difficult to increase, resulting in the continuous increase of PTA inventory.

In addition to weakening downstream demand, it is its own high inventory that drags down the price of ethylene glycol. In the first half of this year, the trend of ethylene glycol load has been declining. By the end of the month, the comprehensive operating rate of ethylene glycol was about 60%, but the inventory continued to rise, constantly refreshing the new high of the year.

It can be seen that in the first half of this year, ethylene glycol has been in a state of accumulation. In fact, the raw material ethylene price of ethylene glycol in the first half of the year was relatively strong, which can support its price to a certain extent, but it is still difficult to withstand the pressure caused by the weakening of demand and its own supply side.

In July, several sets of ethylene glycol plants will be restarted, and the restarted production capacity is much greater than the loss of maintenance capacity. In addition, Xinjiang Tianye still has a new plant production plan in July, and the pressure on the ethylene glycol supply side has increased again. It is expected that the market outlook will range Organize mainly.

Polyester filament

High inventory, low demand, severe price shrinkage

As the final link of the polyester industry chain, the price of various products has been steadily falling due to the collapse of the upstream cost end and insufficient downstream weaving support, which has become a low level in recent years. Especially on the eve of Qingming in April, domestic and foreign trade orders are difficult to place due to the epidemic. Especially in foreign trade, the production and sales of weaving manufacturers are difficult to level, the production enthusiasm is not high, the operating rate has declined, and the demand for polyester filament has decreased. The price of polyester yarn dropped to the lowest level in the first half of the year.

During the May 1st period, the price of polyester yarn ushered in "a good start" due to the surge in crude oil. However, due to the lack of orders at the weaving end, the 100% production and sales market was unsustainable, and the price of polyester yarn fell again. And in June, the weaving market lacked bright products, and the hot spring Chunya and polyester taffeta outlets had passed, and they began to accumulate inventory.

From the above data, it can be seen that due to the epidemic situation and the reasons for its own weak fundamentals, whether it is crude oil, polyester raw materials, or polyester filaments are in "deep fire" in the first half of the year, there is no demand to support, prices are difficult to increase, and inventory is difficult Desalination. At present, it has entered the traditional off-season. It is still relatively difficult to reverse the market of all links in the industrial chain. However, it cannot be ruled out that the good news is stimulated. The industrial chain can usher in the opportunity to turn over.

Xuzhou Heping Chemical Fiber Co., Ltd. is a professional manufacturer and sales of polypropylene high-strength yarn, polypropylene industrial yarn, polypropylene high-strength yarn, high-strength polypropylene network yarn, split film industrial yarn and other polypropylene products, which are well received by the market.

If you want to know more product information, please contact: Mr. Wang 187 5178 8889 Website: http://www.xzhp.com/