Polyester Staple Market Stability Is Weak, Downside Is Limited.

In early March, due to the large increase in PTA and the slow response of PET staple fiber, the cash flow of polyester staple fiber was narrowed, reaching 146 yuan / ton in March 7th, and the cash flow of polyester staple fiber was relatively narrow.

Subsequently, polyester raw materials PTA and ethylene glycol slipped, but due to the narrowing of the previous cash flow, the price of polyester staple fiber has been waiting steadily for a long time, to a certain extent, the cash flow which had been narrowed before was widened.

At present, the polyester staple fiber industry has a considerable profit, although the recent trading price is accompanied by a negative fall, but because of the continued decline in costs, the profit is considerable.

After the market, short-term price stability is weak, and the expected downlink space is limited.

During the Spring Festival, centralized maintenance was concentrated in February.

In March, the repair plan for polyester staple fiber was about 450 thousand tons, and the restart was 375 thousand tons. The specific data are as follows: in addition, in the 1 quarter, Jiangyin has 80 thousand tons of new production plan for Xiangyang. From the supplier side, the pressure of polyester staple fiber supply is not high, and the capacity of maintenance and restart can basically be offset, making the polyester fiber industry operating rate at a normal level.

Restart statistics for plant maintenance in March 2019

On the whole, the overall performance of polyester staple fiber in March is "up and down", and the cash flow performance has been broadened after narrowing. At present, the profits of polyester staple industry are more substantial.

The market outlook, the end of March, PTA supply side there is a maintenance plan, but due to this part of the maintenance has not yet been implemented, the recent PTA futures and spot to shock finishing.

The cost side support is not enough. From the demand side, some models have been pressurized, but most factories are balanced for production and sales.

The raw material inventory of downstream enterprises of polyester staple fiber is also gradually being digested, or there is a certain demand for rigid replenishment.

Generally speaking, the price of PET staple fiber has been down, or the space is limited.