Buying up instead of buying down helps with shipping Can polyester filament usher in dawn?

  From the correlation between PTA and polyester filament, the increase in PTA has once again squeezed polyester profits, and the sentiment of buying up instead of buying down has also helped to some extent in the shipment of polyester filament.
  Taking POY150D/48F as an example, the current market price of polyester filament is at the middle level in recent years. As of November 13th, the market price was 7350 yuan/ton, an increase of 1.38% from the end of last month; The market profit is -251 yuan/ton, an increase of 39% from the end of last month. However, as PTA bottoms out and rebounds, the cash flow of polyester filament continues to compress, leaving little room for profit for enterprises.
  In the short term, current orders from the weaving end may not be sustainable, especially with the end of replenishment orders, and there is still pressure for weaving shipments to weaken again. In addition, the inventory of terminal elastic fibers, yarns, and raw fabrics is gradually increasing; After the rise of polyester fiber, the benefits of grey fabrics are also weakening, and problems such as off-season may gradually accumulate in the future. Therefore, the pressure of reducing the burden on the industrial chain mainly lies in the terminal factories. But the short-term cooling orders will still provide some support for the start of weaving machines and polyester production. In addition, the high production of polyester requires a look at the pace of downstream restocking. In the short term, as the commodity atmosphere rises, downstream may have a certain willingness to restock. However, it is expected that sustained restocking may be difficult to sustain until there is a substantial recovery in terminal demand. Against the backdrop of low polyester inventory, even if downstream restocking is completed, the accumulation process can still support a period of high production. It is expected that high production will continue to be maintained in November, and it is necessary to see the follow-up of actual downstream demand in the later stage.