Support of the upstream and downstream was weak. Can the price of PFY still rise capriciously?

Bulk raw material prices

Profits

Production and marketing：The price of PFY factories was stable yesterday.Procurement of downstream textile enterprises was not enough.They digested the inventory basically.The market atmosphere was not good.The production and marketing of mainstream PFY factories in Jiangsu and Zhejiang area were almost in 60%-70%.Prices will start further after the fifteenth day of the first lunar month.

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

Inventory:Because the production and marketing of the market back to the temperature ,the inventory level of the mainstream manufacturers was lower than spring festival.In terms of specific products,the overall inventories of currently PFY market dropped to 12-18 days. Among which, the inventory of POY products slightly reached 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