It will not appear large area of transaction phenomenon before the raw material price rebound.

Bulk raw material prices

Profits

Production and marketing：Raw material prices were still weak and the offer of PFY factories was stable.Individual variety price declined slightly.The market atmosphere was good.The  downstream textile enterprises take the strategy of on-demand procurement.The production and marketing of mainstream PFY factories were almost in 60%-70%.It’s expected that it will not appear large area of transaction phenomenon before the raw material price 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