With the PTA market “up and down”, the ups and downs, the polyester market has been on the rise and fall since the beginning, making the textile people quite “stunned”. From the point of view of the polyester market segmentation products, the recent performance of POY products in the polyester filament products is relatively stable.

First, once the production and sales of polyester burst, the POY sales will be the most prominent.

In recent months, the overall production and sales performance of the polyester market has been flat. From time to time, in the case of favorable market stimulus or price fluctuations, the average production and sales will be broken, and the “two-day tour” or “three-day tour” will be experienced. "situation. However, once the production and sales of polyester are explosive, the most outstanding performance in the production and sales of the products must be POY manufacturers.

We know that the latest production and sales explosions were on the day of August 7, when the market was in a positive atmosphere, and the mainstream production and sales in Jiangsu and Zhejiang increased sharply to around 220-230%. According to statistics, the non-POY manufacturers on the 7th sales table were not. Depends, some manufacturers produce up to 500% or even 800%, far exceeding the overall level.

Second, once the positive signal is released, the POY price rebounds most rapidly.

Recently, the main focus of the mainstream manufacturers of polyester filament yarns is mainly weak and downward adjustment. Occasionally, the PTA period spot rebounded or the previous trading day saw a sharp rise in production and sales, which led to the release of polyester filament yarns, and the products of polyester filaments briefly rebounded. POY manufacturers are definitely the most responsive. Once the confidence in the polyester industry chain is boosted, POY mainstream products have an upward adjustment of 50-200 yuan/ton, which is higher than or faster than FDY and DTY products.

Third, polyester mainstream inventory boost, but POY manufacturers have the lowest inventory pressure

Here, we have to mention the inventory, which is dragged down by the low production and sales in the near stage. At present, the mainstream polyester stocks are gradually pressurized. Judging from the statistics of China Silk Network, the overall inventory of the polyester market is now around 13-22 days.

From the perspective of specific products, POY stocks are concentrated in 6-10 days, FDY stocks are around 13-19 days, and DTY stocks are around 21-26 days. At a glance, POY factory inventory is low in several categories of products. All along, whether the overall inventory of the polyester market is at a high or low level in the year, POY product inventory is basically below the average mainstream inventory.

In a weak market, POY can “stand out”, what is it?

First, the POY scale effect is highlighted, and the bargaining power is enhanced!

In recent years, the concentration of production capacity in the polyester industry has continued to increase. Especially during the period of 2017-2018, the news that the leading enterprises in the polyester industry “takeover” bankrupt enterprises frequently came out, such as Hengyi acquired Red Sword, Longteng, etc. In addition, in recent years, the new production capacity of polyester was basically from Tongkun, New Fengming, Hengyi, Rongsheng and other polyester handcuffs.

POY itself is a product with high concentration of production capacity. This is one of the reasons why the supply side meeting of the industry in the past two years has repeatedly affected its price trend. Although the market price is still determined by the market, the high concentration of production capacity means that POY has relatively strong bargaining power for upstream and downstream, and pricing power is more powerful.

According to statistics, as of the end of 2018, the national POY production capacity is about 23.15 million tons; among them, Hengyi Petrochemical has a total of 5.8 million tons, Tongkun Group has a total of 5.1 million tons, and Xinfengming Group has a total of 3.7 million tons, accounting for 63% of total POY capacity. %about. The newly added POY capacity this year is still mainly concentrated in large factories, Xinfengming 300,000 tons of POY, Tongkun 300,000 tons of POY, Fujian Jingwei 200,000 tons (POY+FDY).

Second, the number of texturing machines has increased year by year, just need to exist!

From the perspective of POY market demand, it mainly comes from downstream bombing manufacturers and weaving manufacturers. Since 2013, the number of texturing machines in the market has increased sharply; new capacity has been released in a concentrated manner, and the products have once entered the overcapacity situation, but the number of texturing machines is still increasing every year. This year's textile market is not ideal, which has caused a lot of impact on the bombing market, but it has increased the speculative mentality of some of the bombing manufacturers. If the market or the macro side fluctuates as above, and the POY price will drop rapidly or suddenly rise, it will stimulate the bombing manufacturers.

In addition to professional bombing manufacturers, some weaving manufacturers with scale and financial strength, in order to reduce their own costs, also have put into production and texturing machines, which can reduce the packaging cost when purchasing low-elastic yarn. Some of the DTYs produced by these weaving manufacturers meet their own needs, and others also have external sales; they also increase the rigid demand for POY products.

Yantai Liangcai Plastic Chemical Fiber Factory specializes in production: functional masterbatch, plastic masterbatch, standard monochromatic masterbatch, complex masterbatch, functional masterbatch, complex masterbatch, non-woven tester, meltblown non-woven Cloth machine, hydrophilic masterbatch, functional masterbatch, etc.