The hottest polyester filament continues to fall,

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Polyester filament continued to fall, and the tax rebate is difficult to solve the dilemma of polyester

last week, the domestic polyester filament market generally fell, with a weekly average decline of 200 yuan/ton. With the decline of product prices, the purchasing enthusiasm of the downstream is still weak. The production and marketing rate of polyester factories has always been low, and the average production and marketing rate is only about%. Under such a market, the production and marketing pressure of polyester manufacturers is increasing

from the filament classification products, the price of POY products fell significantly last week, mostly in yuan/ton, mainly due to the high inventory of downstream texturing enterprises and the obvious weakening of the purchasing power of POY. Last week, the production and sales rate of POY enterprises remained between 60% and 70%, and the inventory level rose to more than 15 days; DTY's market performance last week was also very general. The market transaction price mostly fell by yuan/ton, and the production and sales rate of enterprises was not high, mostly around Cheng. The inventory increased significantly, and the higher one has reached about 30 days

compared with the situation of POY and DTY, the situation of FDY last week was slightly better, and the production and sales rate was also higher, which could reach a level of about, especially the sales performance of FDY semi gloss products was outstanding. In terms of product prices, as of the end of last week, the prices of FDY 50d/24f, FDY 63d/24f, FDY 75d/36f and FDY 150d/96f in Jiangsu and Zhejiang markets were yuan/ton, yuan/ton, yuan/ton respectively; The price of DTY 75d/36f is 15100 yuan/ton, and the price of DTY 75d/72f (light) includes: providing formula guidance and suggestions for improving the performance of adhesive products, relevant technical consultation, value-added services and joint research and development projects for the transformation from solvent based systems to water-based systems in various utilization industries is 6600 yuan/ton, the price of DTY 75d/144f is yuan/ton, and the price of dty150d/288f is yuan/ton; The price of POY 75d/36f is yuan/ton, and the price of POY 75d/72f is yuan/ton

the "culprit" of the decline in polyester filament prices last week is still from polyester raw materials. Last week, the polyester raw material market in the internal and external market continued to fall collectively. In terms of PTA products, the internal and external prices of PTA fell last week. By the end of the week, the mainstream negotiated prices in the internal market broke the 9-prefix mark to yuan/ton, with an average decline of 200 yuan/ton compared with the previous week. In terms of external trading, the closing price was $per ton by the end of last week, and the decline range was $per ton in a week; In response to the decline of PTA market, the price of CPLD (complex programmable logic device) complex programmable logic device also showed a downward trend. By the end of last week, the closing price of East China market was 7900 yuan/ton, down yuan/ton, and the closing price of the outer market was 980 dollars/ton CFR China, down 20 dollars/ton. Polyester raw materials have long been the basis for "maintaining stability" of polyester fiber series products, but now with the "Inaction" of polyester raw materials, polyester fiber series products, including polyester filament, have lost their strongest "allies", and the collapse of price defense is reasonable. In addition, the downturn in the downstream weaving industry has also played a negative role in the decline in the price of polyester filament. At present, the weaving industry is in the "green and yellow" stage. The production of mainstream products in the second half of the year has not been confirmed. In the first half of the year, the production of fabrics is coming to an end, and the orders are shrinking sharply compared with previous years. The situation of weaving enterprises is declining day by day. At present, the weaving opening probability in Jiangsu and Zhejiang regions is only maintained at about%, and the demand for polyester filament is naturally greatly reduced, which has a fatal blow to the product price

it is obvious that the current decadent price of polyester filament has made polyester factories live in dire straits. On the one hand, polyester factories actively help the market by reducing production and limiting production, on the other hand, they are also waiting for the introduction of the national "market rescue" policy

late last week, the State Administration of Taxation raised the export tax rebate of the textile and clothing industry from the original 11% to 13%. From the news side, the increase in export tax rebate is undoubtedly good news for the chemical fiber, textile and clothing industries. However, it is better to be cautious about the impact on the current polyester filament industry

since this year, the textile market has been in a downturn, and the demand of the downstream textile industry has shrunk and production has been reduced, resulting in the cold performance of the whole market. This situation in the textile industry is more affected by a number of factors, such as the appreciation of the RMB, rising labor costs, rather than just limited to the previous decline in export tax rebates. Therefore, from the perspective of enterprises' attitude towards policies and some market participants, many people believe that the export tax rebate has limited rescue effect on textile enterprises, which is not enough to alleviate the survival pressure of enterprises - deformation

for textile enterprises, the unpredictable exchange rate of RMB is the main factor that the state needs to invest special funds to limit the export of textile enterprises. Some enterprises said: "now enterprises lose 1.6 yuan per dollar of export, and the increase of export tax rebate rate cannot offset the loss gap caused by the exchange rate". The salesperson of a production enterprise said, "the increase of these two percentage points only makes us lose less points, and does not bring direct profits". It can be seen that the increase of export tax rebate in the textile and clothing industry is not enough to fundamentally change the current difficult situation of the textile industry, including polyester enterprises. If the polyester filament market wants to really get out of the "swamp", it also needs to think more about capacity regulation, new product development, cost control and so on

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