PTA Spot Price Weak Stable Market Needs To Be Observed

The global oversupply has suppressed the crude oil market. The US dollar has fallen sharply, limiting the decline and lowering the international crude oil.

Asian PX price rises.

domestic

The operating rate is around 65%, and the spot price of PTA is weak.

Polyester market weak operation, polyester stocks rose slightly, some still preferential sales promotion, downstream procurement is more cautious.

News: 1, 19, Asian PX prices rose 10 US dollars, at 778 US dollars / ton FOB Korea and 799 US dollars / ton CFR China.

2.

Weak stable operation.

although

Reporting stability, there are plenty of concessions.

POY150/48 reported 6325-6525 yuan / ton cash, FDY150/96 reported 6800-6950 yuan / ton cash, and DTY150/48 reported 8100-8900 yuan / ton cash.

Spot price: PTA market offer is 4650 yuan from the vicinity, buying intention is 4550 yuan from mentioning nearby, negotiations maintain at around 4600 yuan, but no deal heard.

US gold plate PTA market price is weak, offer intention 601 dollar nearby bonded, the delivery maintains in 590 US dollar nearby, the paction is limited.

Stock data: the exchange warehouse receipt is 7460, which is flat compared with the previous trading day, and the effective forecast is 319.

Summary of Views: technically, the PTA1601 contract has picked up low, and the price test has tested the 4500 front line support. The above 5 day line pressure has been tested, and the short line has shown the trend of disadvantaged consolidation. On the operation, short line and 4500-4650 interval trading.

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Polyester factory polyester stocks rose slightly, environmental protection factors, dyeing factories limited production, grey fabric trading volume declined, the polyester Market in the latter part of the market is still bearish expectations, polyester market still watching atmosphere gradually, polyester purchasing power is more cautious, polyester market has been sluggish, polyester price trend continues to show a downward trend, the total turnover in polyester market compared with last week, little change, polyester spinning factory polyester production and sales in most of the 8-9 in the range, individual promotion efforts of larger enterprises production and marketing barely flat.

From the perspective of downstream weaving, the overall sales of warp knitting machines and garden machines are in decline. Recently, the price of raw polyester raw materials has declined, coupled with environmental factors, which directly affects the market mindset of polyester market to a certain extent. The purchasing psychology of downstream weaving has become more cautious, and polyester factory polyester products are mainly shipped.

In terms of the Changshu market, it is expected that the polyester market price may have a downward adjustment trend in the short term, but polyester products are mostly on the losing side, and the monthly polyester raw material price is approaching. Therefore, the polyester price will have a downside in the near future.

Judging from the trend of market varieties, semi gloss FDY54D/24F and DTY75D/72F (net) still have sporadic demand in warp knitting. Among them, the FDY54D/24F quoted price is between 7800-7900 yuan /T. Besides the production of regular flannel and fluorescent cloth, the product has recently produced conventional cotton imitation flannelette.

FDY75D/36F sales in the big gloss market are general. FDY75D/36F has bright prospects. At present, the mainstream quotation of the market center falls to 7100-7200 yuan /T, and the lower price is below 7000 yuan /T.

Like DTY produced in Taicang, there is still a certain amount of 150D/48F color package, which mainly produces downstream printing grey cloth. The product quality requirements are slightly lower than the cost of production.

On the contrary, the overall market situation of the bag top quality silk market is depressed. For example, DTY silk 150D/144F can be seen everywhere because of the oversupply of the market, the lowest price promotion is everywhere, and the lowest price is 7700 yuan /T (small bomb production). At present, there is still demand in the downstream of DTY75D/144F, which is mainly used for the production of pile fabric.

Recently, the sale of polyester composite yarn in this market is not large, and (50+50) the two step spinning polyester polyester composite wire is barely moving, which is mainly used to produce fabrics such as crystal velvet on large circular knitting machines. The price trend of silk has shown a slight decline, and the quoted price is between 9500-9700 yuan /T.

In addition, CVC polyester cotton yarn 80/20 and 45s need to be enlarged on the large circular knitting machine, mainly for the production of velvet cloth.