oneJackpotvillage. Key industries and products tracking polyester filament: polyester filament supply side or phased contraction, inventory or will accelerate. According to Baichuan Yingfu, Tongxiang and Jiangsu mainstream factories plan to jointly reduce production by about 10% on May 13, 2024, and the restart time has not yet been determined. The superposition of environmental protection and energy consumption restrictions may lead to supply contraction, and production is expected to stop or accelerate inventory destocking. As of May 10, the average market price of polyester filament POY was 7450 yuan / ton, down 50 yuan / ton compared with last week's average price; FDY market average price was 8025 yuan / ton, down 75 yuan / ton compared to last week's average price; DTY market average price was 9025 yuan / ton, unchanged from last week's average price. Polyester filament stock 330 this weekJackpotvillage.670000 tons, up 10.38 percent from last week. As of April 2024, the output of polyester filament was 3.2208 million tons, up 25.36 percent from the previous month; the overall operating rate of the industry was 91.54 percent, an increase of 3.54pct over the previous month. Pesticides: glyphosate stocks continue to decline, prices rise. At present, the prices of most pesticide products are low, and the performance of pesticide companies in the first quarter of 2024 is under pressure from the same period last year. Insufficient demand and capacity expansion led to a decline in product prices, Yangnong Chemical, Jiangshan shares and other companies' performance was affected. Pesticide exports increased in the first quarter of 2024 compared with the same period last year, indicating that pesticide demand is resilient. Domestic glyphosate stocks continue to decline, prices rise. According to Baichuan Yingfu data, as of May 10, the price of glyphosate was 25997 yuan / ton, up 4 yuan / ton from last Friday, and gross profit was 1716.55 yuan / ton, up 109.19 yuan / ton from last Friday. As of May 10, weekly production of glyphosate was 11130 tons, the same as last Friday, and weekly stocks of glyphosate were 49000 tons, the same as last Friday. Soda ash: stocks continue to decline and prices rise. Domestic soda ash this weekJackpotvillageThe overall supply has increased. After the holidays, a number of enterprises recoveredJackpotvillageFull capacity production, especially in Qinghai area. Demand side, downstream industry rigid demand replenishment. According to Baichuan Yingfu data, as of May 10, the market price of light soda ash was 2097 yuan / ton, up 17 yuan / ton from the same working day last week, while the market price of heavy soda ash was 2209 yuan / ton, up 39 yuan / ton from the same working day last week. The price difference between light and light alkali is 112 yuan / ton. In terms of production, this week (May 3-May 10) soda ash output was 701450 tons, up 0.21% from last week; the overall operating rate of the industry was 84.53%, down 0.17pcts from last week. Soda ash stocks this week were 685000 tons, down 0.59 per cent from last week. two。 Core point of view (1) polyester filament: the recent polyester filament market due to major manufacturers plan to reduce production and some plant areas to stop production transformation, it is expected that inventory will be accelerated. Suggested attention: Xinfengming, Tongkun shares and so on. (2) pesticides: at present, the prices of most pesticide products are at the relative bottom, and with the end of the inventory cycle in overseas markets, the demand for stock in the new cycle will lead to the gradual release of rigid demand for pesticides. It is expected that the performance of companies in the pesticide industry will hit bottom and pick up. Suggested attention: Xingfa Group, Yangnong Chemical Industry, Jiangshan shares, Runfeng shares and so on. (3) Soda ash: recently, some manufacturers have reduced the burden and production according to the plan, and the supply increment is limited. Superimposed heavy alkali downstream photovoltaic glass new production capacity is expected to increase the demand for soda ash, soda price will rise slightly. Suggested attention: Yuanxing Energy, Shandong Haihua, medium Salt Chemical Industry, Shuanghuan Science and Technology, etc. Risk tips: downstream demand is lower than expected, product prices fall, and so on. [disclaimer] this article only represents the views of a third party and does not represent the position of Hexun. Investors operate accordingly, at their own risk.
[disclaimer] this article only represents the views of a third party and does not represent the position of Hexun. Investors operate accordingly, at their own risk.
