Polyester chain supply and demand imbalance, market downturn

"Because the order is gone, the company has decided to start the annual holiday from December 1, 2021.

According to data from the business agency, on December 8, the market reference prices of polyester staple fiber, polyester DTY, polyester POY and polyester PET all fell by more than 1,000 yuan (ton price, the same below) from the beginning of November.

"With the intrusion of the new mutant strain of Omi Keron, the demand in the terminal textile industry has recovered and the orders have been delayed, coupled with the soaring and plunging prices of raw materials, the polyester industry chain companies have complained

The export orders are poor, and the domestic trade market is not optimistic.

Judging from the current situation, some polyester factories have already experienced a joint production reduction phenomenon, and the superimposed winter domestic demand orders are gradually being completed.

"The joint production reduction of polyester plants will undoubtedly affect the supply and demand pattern of upstream PTA.

But in the long run, industry insiders are generally not optimistic about the trend of the PTA market

"Combined with the first round of rapid expansion cycle in history, between 2011 and 2014, PTA production capacity increased from 2006 to 2014 to 43.

The long off-season makes it difficult for the entire polyester industry chain to bear its weight