PTA'S Current Callback Finishing Of Polyester Products Offers The Same Decline.

On the PTA supply side, the restart of the 900 thousand ton / year device of the company has triggered concern about the supply side. The current PTA domestic utilization rate is 72.16%.

Upstream p-xylene market price trend rose slightly, Tenglong aromatics plant is still in the parking state, domestic PX operating rate to maintain more than 7, the domestic market price maintained 7600 yuan / ton high, this week PX outer disk due to high oil prices, the closing price at the end of the week is 909 yuan / ton CFR China, PX external closing price is also maintained high, for PTA cost formation of certain good.

This week, the price of short staple has increased slightly, and the supply of goods is still scarce.

Some of the higher velvet prices in Shandong are priced at 6300-6500 yuan / ton, and the mainstream price in Xinjiang is 5700-5800 yuan / ton. In the field of downstream refined cotton and cotton pulp, their enthusiasm for purchasing is generally not high due to their own start-up and profitability.

The mainstream quotation of cotton pulp continued to explore slightly, and the price of qualified cotton pulp in eastern China was quoted at 8300 yuan / ton.

Domestic dissolving pulp continues to rise, broadleaf 8300-8400 yuan / ton, conifers 8600 yuan / ton, more than half of the pactions have been completed, Chun Tai has stopped signing the price, and is expected to increase again later.

The new single paction of external dissolving pulp has been successfully followed up. The broadleaf price is quoted at US $940-960 / ton, and the focus is $940-950 / ton, and the conifers are US $1050 / ton.

Viscose staple fiber prices stable, early digestion increase.

The high end quotation is 17700 yuan / ton, the center of gravity is 17600-17700 yuan / ton, the middle end quotation is 17400-17600 yuan / ton, and the paction is 17400-17500 yuan per ton, and the part is slightly lower 17300 yuan / ton.

Downstream cotton mill to digest raw materials, new single purchase enthusiasm tends to be rational.

Viscose factory due to over signed more, the overall mentality is still good, price enforcement is still strong.

The price of cotton yarn is generally stable this week. The price of ring spinning 30S is 21500-21700 yuan / ton, the mainstream of siro spinning 40S is 23800-24200 yuan / ton, the imitation rabbit hair 28S is 26000 yuan / ton, and the average cotton yarn order is mediocre.

This week viscose staple fiber into the platform rest period, the upstream and downstream multi digestion order, lack of new highlights stimulation.

Expected in the short term

Steady state.

In the near future, the pressure of industry environmental protection is still concerned.

Polyester and short prices are weakening, and product inventory is rising.

This week, polyester staple fiber prices downward trend.

International oil prices fluctuated in a narrow range, polyester raw materials continued to decline, confidence in polyester market was frustrated, manufacturers' offer was gradually lowered, but downstream yarn manufacturers had more raw material reserves, and the "no buy down" mentality made their purchasing needs and intentions unsatisfactory.

In the same way, the upstream is weakening and the downstream is not smooth.

The mainstream price of Zhou Zhi Jiang Zhejiang 1.4D direct spinning polyester staple is 8650-8900 yuan / ton, which is down 200 yuan / ton compared with last week.

Downstream polyester has been restored to high operating rate to 84.45%, polyester factories continue to follow up, the purchase market has been boosted.

The polyester market is weakening steadily, especially polyester POY, which is down by 50-100 yuan / ton.

The mainstream factories in Jiangsu and Zhejiang provinces reported POY150D/48F 8900-9160 yuan / ton, DTY150D/48F (low elastic) reported 10400-10700 yuan / ton, and FDY150D/96F reported 9050-9400 yuan / ton.

PTA device, Jialong Petrochemical 600 thousand tons / year PTA plant scheduled for maintenance in February 28th, tentative maintenance for a month; Hengli No. 2 million tons / year device has not yet determined the maintenance time, Ya Dong Petrochemical 700 thousand tons / year installation plan early March to resume the restart.

PTA is expected to remain at 70%-72% level next week.

Crude oil, the recent Fed's interest rate hike is expected to rise again, the strength of the dollar also put pressure on the oil market atmosphere.

But with the further implementation of non OPEC production cuts and the continued optimism of oil producing countries, short-term crude oil is expected to continue to rise and cost will support PTA.

At the same time, the downstream polyester plant has started to climb to near 84%, and is expected to start steady next week.

It is unlikely that the short-term PTA will continue to decline significantly. The latter half of the week will become stable and warm.

For more information, please pay attention to the world clothing shoes and hats net report.