Meeting of POY4+2 market was held.Was PFY price going to rise?

Bulk raw material prices

Profits

Production and marketing：Performance of the raw material cost was general.PFY price was steady overall but had a little move.Some kind of of specifications had big discounts.Under the influence of  the weak price.,production and marketing of PFY was tend to be insipid.The production and marketing of mainstream factories in Jiangsu and Zhejiang area were almost in 70%-80%.Downstream replenishment mood was not good and was given priority to demand.

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

Inventory:Recently,the inventory of PFY haven’t changed a lot. PFY price was steady overall but had a little move.The procurement emotion of downstream enterprises was not good.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