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International oil prices fell sharply on Tuesday. Light crude oil for July delivery fell 4.42% to close at $69.46 a barrel on the New York Mercantile Exchange on May 30, falling below the $70 mark. Brent crude for July delivery fell 4.43% to $73.54 a barrel in London.

Affected by this, the price of PX, PTA, ethylene glycol have fallen to varying degrees, the price of polyester filament is also slightly lower.

The manufacturing purchasing managers' index fell again in May after falling into contraction territory in April. On May 31, the National Bureau of Statistics (NBS) released data showing that the PMI for May was 48.8 percent, down 0.4 percentage points from the previous month and hitting a new low this year.

The traditional off-season for the textile industry is approaching, and weavers may reduce the start-up load in the near future to control inventory.

Production and marketing inventory

Production and marketing, crude oil plummeted, most users delisted from the market to see, polyester filament overall production and sales rate decreased slightly from yesterday. Average production and sales of 37.8%.

In terms of inventory, according to the statistics of Jindu net, the overall inventory of polyester market is concentrated in 19-30 days; In terms of specific products, the stock of POY is 21-30 days, the stock of FDY is 19-28 days, and the stock of DTY is 17-29 days.

"Hongyang" brand polypropylene high strength yarn products have small color difference, good color fastness, high strength, and are widely used in decorative belts, safety belts, marking lines, etc.The company's main product:  polypropylene high strength yarn , polypropylene filament, polypropylene air change yarn，polyester air change yarn, ribbon.

Taixing Hongyang New Materials Technology Co., Ltd. has consistently adhered to the "excellent quality, customer first, quality service, adhere to the contract," the purpose, with high-quality products, good reputation, selling the country. Wholeheartedly with the domestic business win-win cooperation and common development!