Raw Materials Continue To Weaken. The Overall Turnover Of PET Staple Is Dull.

This week, polyester staple fiber is mainly cloudy.

On the first day after the holiday, PTA futures become weaker, polyester market is the most popular, polyester staple is the same. The mainstream price of Jiangsu and Zhejiang 1.4D direct spinning polyester staple is stable 7600-7800 yuan / ton, and the turnover is 7450-7650 yuan / ton.

The staple staple fiber offers were mostly stable, sporadic and small, and the negotiation space was relaxed, and the focus of the trade fell day by day.

By Friday, Jiangsu and Zhejiang 1.4D DIRECT SPINNING PET staple has traded 7350-7550 yuan / ton relative to the mainstream, and slightly higher still has 7600-7700 yuan / ton.

This week polyester yarn collation, 32S mainstream quotation 11500-11600 yuan / ton up and down, turnover generally, part of the specifications sales volume is better.

Industry dynamics

In 1 and 2017, the production capacity of polyester staple fiber is 6 million 790 thousand tons.

Among them, 200 thousand tons of Xiangsheng, 20 tons of Far East and 120 thousand tons of Shanghai Heng Yi are not included in the capacity calculation, but the remaining uninstalled devices are temporarily not included in the capacity.

2, this week's Sinopec direct spinning polyester staple guide price: 1.4D half light 8000 yuan / ton, 1.2D gloss 8750 yuan / ton.

3, June 2017 Sinopec polyester staple fiber prepayment quote: 1.4D half light 8000 yuan / ton, 1.2D gloss 8650 yuan / ton.

4, the US Department of Commerce intends to carry out anti-dumping and countervailing investigations on polyester staple fibers in China.

However, since the United States has imposed anti-dumping duties on polyester staple fibres above 3.3dtex, the survey is mainly concentrated in polyester staple products below 3.3dtex.

5, raw materials continue to weaken this week, polyester staple fiber overall trading atmosphere is flat, traders and downstream cotton mill replenishment is more cautious, basically with just need replenishment.

Polyester staple fiber manufacturers' inventory increased slightly, and the mainstream manufacturers' products were stored for 15-21 days, some of them slightly higher or higher.

Prospect

On the one hand, crude oil is more bearish at the moment, and there may be a low touch line near the US $45 / barrel in the late stage. The tight balance between supply and demand in PTA has not been broken yet, but if the oil price continues to drop or some of the OTC funds play a guiding role, the commodity futures market will be in a neutral state. Therefore, the PTA market will be disadvantaged next week, and the short-term callback consolidation in MEG will be the main task.

Week end PTA real time operation rate of 64.6% (now capacity base 48 million 840 thousand tons), polyester start-up load average of 83.9%.

Demand side, downstream general polyester yarn general turnover atmosphere is generally, there are some specifications of product sales volume is good, but the recent weakening of the upstream market as a whole makes it dares not easily make up the stock, so the latter is still dominated by just need to fill the list.

In terms of supply, manufacturers started to work steadily, and no maintenance messages were released.

Production and sales rate is still relatively low, stock or slightly increased.

On the whole, raw materials are slightly weaker due to the influence of crude oil, but the polyester market is weak. Although the staple fiber is not very pressure at present, the pressure of the cost and the effect of the low season are likely to decrease next week.

Later, we need to focus on oil price changes, subsequent PX price movements, and downstream.

Manufacturer's order, etc.

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