The overall polyester industry chain fell in November, and the market may continue to be weak in December
The overall polyester industry chain fell in November, and the market may continue to be weak in December.
In November, the overall upstream and downstream products of the polyester industry chain declined. The main influencing factors are that in the traditional off-season of the chemical fiber industry, the terminal textile market is relatively weak, and scarce orders lead to high stocks of terminal grey fabrics. At the same time, the downstream polyester operating rate has fallen slightly, and new polyester raw materials PX, PTA and MEG devices have been put into operation, resulting in polymerization. Ester double raw materials PTA and MEG supply pressure, resulting in a sharp decline in prices. Although at the end of the month, PTA quasi-spot liquidity and MEG port destocking significantly benefited the market, but the weak downstream polyester made the raw material market rebound little. Therefore, the trend of the overall chemical fiber industry chain has maintained a wide range of shocks.
The polyester industry chain market may continue to be weak in December. The leading of the industrial chain is still in the raw material PTA market. New raw materials PX and PTA have been put into operation, which is bad for the industrial chain market. In the traditional off-season, downstream polyester demand is expected to weaken, terminal inventory is high, market transactions are weak, and the overall supply and demand pattern may be weak. It is expected that the polyester fiber market will fluctuate weakly in December. From the perspective of raw materials, next month's raw material PTA will be affected by the weakening of PX and the increase in supply. In the short term, the PTA market may fluctuate mainly, and the medium and long term is still in a weak situation. On the supply side, most factories are currently on the verge of loss. Therefore, the number of factories that have reduced production and maintained prices has continued to increase, and there is no restart plan for the previous production reduction, so the supply pressure has eased slightly. On the demand side, the polyester market has not been positively boosted, downstream orders continue to decrease, and the domestic sales market has also declined, which has made the downstream weaving enterprises' basic mentality poor, and some downstream weaving manufacturers may have holidays in advance. Affected by this, the polyester fiber market is expected to fluctuate weakly in December.