Support of cost+Restocking of demand,the price of PFY rose unceasingly

Bulk raw material prices

Profits

Production and marketing：Stimulated by the raw materials rose sharply. The price of PFY factories was higher yesterday and the market atmosphere was hot.The production and marketing of POY and FDY factories were almost in 200%, some factories could reach up to 300%.Poor DTY factories could also be flat. But now the center of the PFY transaction gravity focuses at a high level.The sustainability of downstream textile enterprises remains to be seen.

The production and marketing trend chart of some polyester factories from Jiangsu and Zhejiang area

During the Spring Festival, the market was in an empty window period.There was almost no trading . Although there were movements of production maintenance in chemical fiber market , the PFY inventory still had accumulation as a whole.In terms of specific products, As of February 6, the overall inventories of currently PFY market reach to 12-18 days. Among which, the inventory of POY products slightly dropped to 9-13 days.The inventories of DTY products reached to 12-17 days,and the DTY maintained in about 18-28 days.

The dynamic monitoring diagram of PFY inventories from part of the polyester factories