Polyester Staple Market: 7000 Hard Core

Overnight crude oil slump, polyester short gravity center 7000 hard to protect.

Overnight crude oil slump, PX also fell, polyester market atmosphere is empty.

Today, the price of the short staple manufacturers has been partially adjusted, and many negotiations have been conducted. The mainstream of Jiangsu and Zhejiang 1.4D direct spinning polyester and short market has reported 7100-7200 yuan / ton, and the turnover is mostly around 7100 yuan / ton or slightly below the sales volume.

Shandong,

The price of polyester and short staple fell, and the market price continued to weaken. The 1.4 direct spinning polyester and short mainstream quotations were mostly around the 7300 yuan / ton line, and the downstream purchase and purchase increased.

Fujian polyester and short manufacturers offer big stability and small movements. The focus of the paction is still down. The 1.4D direct spinning polyester and short market mainstream reports 7000-7100 yuan / ton short delivery, individual orders traded or fell below 7000 yuan / ton.

Shandong Changyi Market

Demand is sparse and prices are weak.

Pure polyester yarn price is weak, 32S mainstream newspaper 11700-11800 yuan / ton, negotiated more.

International oil prices are still in the downward channel, the overall mentality of the polyester market is empty, and the center of gravity is 7000 yuan / ton.

It is expected that the short and short market will continue to seek the short term in the near future.

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At the beginning of 2015, crude oil continued its bottom trip, which fell sharply on Monday and fell below 50 US dollars per barrel.

Naphtha fell to below US $450 / ton, and PX fell to 830 US dollars / tonne line, whereby converted PTA processing cost dropped to 4800 yuan / ton.

The continued low price of raw materials has played a significant role in suppressing the polyester industry chain from top to bottom.

At the end of 2014, under the condition of profitable profits, PTA enterprises had higher production enthusiasm, which laid hidden trouble for the future market.

In mid 12 last year, as the PTA plant started to pick up, the spot price was obviously under pressure. Yisheng Petrochemical Company PTA offered a price of 4480 yuan / ton in January 6th, down 180 yuan / ton compared with the previous day, and PTA processing loss expanded.

At present, the processing loss of PTA is now on sale at 300 yuan / ton, which is close to the endurance limit of the factory. Some devices may consider maintenance.

According to relevant information, the 1 million 500 thousand tons of Honggang petrochemical plant failed to operate in a negative manner, and the 1 million 650 thousand tons of Xiang Lu petrochemical company stopped in January 4th, and the domestic PTA operation rate dropped to about 72%.

In the aftermarket, if the parking device increases, then the pressure of oversupply of PTA may decrease, and the resistance of PTA will increase.

At present, crude oil and other raw materials prices continue to decline on the one hand, on the other hand, seasonal consumption is shrinking, so the operation rate of downstream looms and looms continues to decline, weaving market procurement is relatively cautious.

Polyester sales were in the doldrums. Last week, there were 1.5 to 2 days' increase in the stock of filament yarn, and the price of polyester products also dropped due to the weakening of sales and the decline in cost.

At present, the profit of polyester processing is still at a high level, and the enthusiasm for production remains, and the demand for PTA remains stable.

But the pressure of terminal consumption will gradually appear as the Spring Festival draws near.

On the whole, the continuous decline of crude oil is the main disadvantage of the PTA market. On the one hand, the PTA price is dragged down from cost, on the other hand, the market mindset of polyester industry chain is suppressed, which leads to more cautious purchasing.

The loss of PTA production has expanded to the limit of the enterprise's endurance, and the enterprise's power to reduce production has been strengthened, which has become a potential support.

In addition, the pressure of shrinking terminal consumption has little impact on the PTA market in the short term.

Therefore, it is expected that PTA will follow the decline of crude oil, but the resistance will gradually increase.