PTA Shock Warm: Short Staple Demand Is Expected To Increase, Downstream Production And Marketing Form Improved.

Last week, pure cotton yarn was weakened and the price was basically maintained.

Cotton trading is concentrated in C32S, JC40S, etc., and sales of OEC10S are slightly better.

R10S is popular, but prices have dropped slightly.

Pure polyester yarn prices continue to decline, T45S turnover is relatively acceptable.

There is not much turnover in polyester cotton yarn.

Polyester and viscose yarn 40S/2 prices basically maintained, but sales increased.

At present, the stock of cotton mill is relatively low, and the operation remains high.

Viscose staple fiber market is weak, some manufacturers continue to sell at a low price, and further attack market confidence, and the enthusiasm of market purchase also drops to freezing point.

Fortunately, the mainstream viscose factory actively promotes export orders, and completes the pre contract, generally maintains low inventory. The price execution continues to be strong, the middle end is 17200-17500 yuan / ton, the high-end is 17600-17800 yuan / ton.

Wait-and-see mentality is still dominant.

The upstream lint price is stable and weak. With the increase of the operation rate of the refined cotton, the demand for short staple is expected to increase.

Xiajin long velvet offer 6500-6600 yuan / ton, Xinjiang quoted 5500-5700 yuan / ton.

downstream

Market prices continued to be weak, with very few orders. The mainstream of Xiaoshan's 30S ring spinning market dropped to 21000-21200 yuan / ton, siro spinning 40s was only 23000-23200 yuan / ton, and the pressure of cotton mill stock increased sharply.

The viscose market is weak, and the enthusiasm of the market is further reduced to the freezing point. Under the guidance of wait-and-see mentality, the price of the market will continue to be weak.

The upstream PTA spot market of polyester filament shows a steady trend. When the 700 thousand tons / year PTA plant in Shanghai Ya Dong Petrochemical returned to normal, the operating rate increased by 1.43% to 72.37%.

During the week, because of the technical adjustment of crude oil and the unexpected collapse of the US dollar index, oil prices rebounded, supporting PTA to stabilize.

The market price of polyester filament on glycol is strong, and ethylene glycol has risen slightly under the favorable support of the supply side.

The mainstream price of PTA market in East China was concentrated at 5060-5200 yuan / ton, 0.12% lower than the beginning of the week, up 11.84% compared with the same period last year. The domestic average market price of ethylene glycol was 7025 yuan / ton, up 2.34% from the beginning of the week, rising 22.88% over the same period last year.

Downstream textile industry production and marketing improved, Jiangsu and Zhejiang loom comprehensive utilization rate slightly reduced to 80%.

The PTA market is gradually highlighted by the cost of raw materials and the maintenance support of the PX plant. The downstream production and marketing are improving, and the market demand is gradually increasing.

The PTA futures market has been temporarily stabilized, and the recent crude oil market has been showing signs of rebound after continuous decline. PTA cost support has gradually emerged.

Meanwhile, the PTA supply side maintenance plan will be implemented in a timely manner to alleviate the pressure of PTA supply to a certain extent and boost the PTA and downstream polyester filament market.

It is expected that the market will improve next week, and the polyester filament will also run warmly.

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