Raw material was still weak.What’s the effect of POY meeting?

Bulk raw material prices

Profits

Production and marketing：PFY price was steady overall but had a little move yesterday.The market atmosphere was good.The production and marketing were almost in 70%.However,the meeting of POY4+2 was held in Shenjiu.Today,the price of some POY products rise slightly.Driven by the price rise,production and marketing of PFY market may rebound.

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