Since the first ten days of July, the center of gravity of the polyester chip market in East China has fluctuated around the range of 6,800-6,900 yuan/ton, and its processing fee has shown a trend of first falling and then rising. In the long run, the polyester chip market is still positive, and its price also has a rebound momentum.
The inventory of polyester chip factories is controllable, and the sentiment of traders to control prices still exists.
Since the middle and late July, as the final orders of downstream chip spinning factories have been gradually delivered, and the uncertainty of the cost trend has increased, under the influence of cautious sentiment in the market, the production and sales of polyester chip factories have shown a wave, and the production and sales in the early stage are pulsed. It failed to reproduce, and the inventory of polyester chip factories also showed a rising trend. As of August 10, the inventory of polyester chip factories has reached the upper position for 8 days, but compared with the same period in 2021 and 2022, the current factory inventory is still within the controllable range. In addition, downstream traders currently hold Contract goods and spot goods have recently increased, and under the mood of factories and traders to raise prices, it also suppresses the decline in slices.
The market is also cautious about the "Golden September and Silver October". Orders in winter and spring still have a definite boost to some node prices in the fourth quarter. At the same time, the local printing and dyeing industry is expected to be greatly reduced due to the impact of the Asian Games. In addition, many factories have sold less than 50% of their production and sales for many consecutive days, and started profit-sharing promotions. The 300D and other specifications have dropped by up to 300. Downstream factories may buy on dips, and today's production and sales may increase significantly. However, compared with the price at the beginning of the month, the price is not dominant, and the terminal demand is still unclear. However, the chip spinning market is mainly affected by the demand, and the raw materials are basically unchanged, and the demand has yet to be recovered.
