Since the end of July, international crude oil has continued to rise, and Brent has risen to more than 85 US dollars per barrel. The peak fuel consumption in the United States in summer and the better economic outlook in Asia have all boosted the trend of polyester costs. Polyester industrial yarn has finally paid off. Processing fees were under heavy pressure. At the end of July, the center of gravity of market transactions rose by 400 yuan/ton to 8,900 yuan/ton. On July 31, the single-day increase reached 3.53%, the largest single-day increase or decrease this year.
From the comparison of the price rise and fall of polyester industrial yarn related raw materials in early July and early August 2023, the closer the product is to the source of crude oil, the greater the increase. At 3.4-3.5%. Mainly due to the drag of terminal demand, the current downstream demand for industrial textiles at home and abroad is in the off-season of the industry, orders are scarce, processing fees are low, the industry is not enthusiastic about starting work, and procurement remains rigid, which makes the price increase closer to the end of the industry chain. Small.
Since March, when the supply of PX and PTA at the cost end was tight, the supply of polyester industrial yarn has increased, and the market price has been sluggish, and the operation is weak and volatile. July-August is the traditional off-season for the industry of polyester industrial yarn. , the current downstream moderately reduces production, adjusts the rest, and the market procurement changes from stocking for more than one month, two months, or even half a year to rigid procurement. The market demand is low. At the end of July, uncharacteristically, the price "got out" of the adversity and started to rise. The main reason was that the processing fee was severely squeezed to 1625 yuan/ton.
As of August 1, the profit of polyester industrial yarn chip spinning was 525 yuan/ton, up 12.5% from the beginning of July; the profit of direct spinning was 137.74 yuan/ton, down 210.9% from the beginning of July. The rise in silk market prices has caused the processing fees of different production process industries to show mixed ups and downs compared with the beginning of July, that is, the price recovery has improved slightly from the perspective of profits. However, the demand in August is expected to be weaker than that in July. In the domestic market, the center of gravity of market transactions rose from 8,500 yuan/ton to 8,900 yuan/ton, a relatively large increase, but the price of the terminal market is difficult to rise. Under the suppression of processing fees, the overall market turnover may rise from 8,500 yuan/ton, and the period is dominated by stalemate and fluctuations.
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