How much money will the PFY price drop to?Will the downstream textile enterprises accept?

Production and marketing:The polyester trading atmosphere was light at weekend.The market overall production and marketing were almost inb30%-40%.At present polyester factory inventory was constantly accumulated.Under the pressure of inventory,the gravity of PFY price was further loosed.  The reduced PFY price cracked down on the downstream weaving and texturing enterprises.Downstream mood of preparation was still tighter.

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

Inventory:Purchasing motivation of raw material was low recently.Production and marketing of the market was hard to release.Inventory of polyester factories was further accumulated and pressured the market mentality.In terms of specific products,the overall inventories of currently PFY market reached to 15-20 days. Among which, the inventory of POY products slightly reached to 13-18 days.The inventories of FDY products reached to 15-20 days,and the DTY maintained in about 21-31 days.

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