Trend Analysis Of Chemical Fiber Raw Material Products (17-21 June 2019)

Polyester staple fiber: the price of direct spun polyester staple fiber has risen sharply this week. During the week's overhaul and the easing of Sino US trade, the polyester raw materials PTA and ethylene glycol increased greatly, and PET staple prices rose in the light of the drop in inventories and the slight loss of industry profits. During the week, prices rose and some factories were oversold and out of stock. Part of the factory's previous maintenance gradually warming up, the short fiber industry started load rate gradually picked up. The mainstream price in eastern China closed at 7550-7750 yuan / ton. This week the average price is 7435 yuan / ton, the ring ratio is up 3.26%.

Next week, oil prices are expected to remain high and stable, uncertain trade or curb oil prices will continue to rise. Next week, PTA will have double expectations of maintenance and gradual recovery of start-up enterprises, but the increase in processing fees will form a certain resistance to its rise. Short staple stocks are low, and orders are good. The overall trend is still rising. It is expected that the price of East China for polyester staple fiber will be 7650-7850 yuan / ton warmer finishing next week.

Polyester chips: PET chip prices continue to rise this week. By the end of this Thursday, the price of semifinished chips in Jiangsu and Zhejiang provinces was 7050 yuan / ton, up 400 yuan / ton compared with last Thursday, and the price of glossy slicing was 7225 yuan / ton, up 525 yuan / ton compared with last Thursday. This week half light section average price 6795 yuan / ton, increased 2.37% compared with last week; gloss slice average price 6870 yuan / ton, compared to last week to rise 2.63%. At the beginning of the week, the production and sales volume promoted the atmosphere, and the polyester mentality was revived. China and the United States made telephone calls during the week to ease the relationship, the international crude oil has substantially increased, polyester trading has a strong mentality, polyester chip production and sales continued to expand, and weekend manufacturers have basically no inventory. Some manufacturers have sealed their products, and prices continue to rise to this Thursday. Up to now, the price of semi gloss chips has risen to 7050 yuan / ton.

Next week, the expansion of raw material PTA processing costs will not help to further its rise. PTA will focus on shock adjustment, and the raw materials will only rise or fall, which will have some support for polyester chips. On the demand side, the demand side is expected to be weak next week after the goods seized this week, but in view of the production and sales volume this week, the polyester chip factory has basically no inventory at present, and there is a phenomenon of reluctant sale. It is expected that PET chip prices or concussion finishing will be the main next week, and the price of half light slicing will be 7100-7300 yuan / ton for the operation of the PET chip factory in.

Polyester filament: this week polyester filament prices rose strongly, half light POY150D/48F, DTY150D/48F, FDY150D/96F average price of 7715 yuan / ton, 9245 yuan / ton, 8170 yuan / ton, ring ratio rose 1.43%, 0.83%, 1.49%. During the week, a series of macro positive events such as the accidental attack of the Oman Bay tanker and the optimism of the Sino US trade negotiations led to a strong rebound in oil prices at the low level, which coincided with the revision of the PTA futures demand and the strong rise in its spot price. Under this influence, the price of polyester filament continued to climb under the pressure of cost, and at the same time, the purchasing sentiment of downstream weaving and adding bombs was strong.

Next week, first of all, oil prices are expected to remain stable and continue to be weak. Polyester raw materials PTA and ethylene glycol still have room for negotiation. Although the downstream weaving industry has not yet made substantial breakthroughs and its finished products are still in storage, the polyester filament has maintained a lower level after several days of continuous production and sales volume, which has reached a new low after the Spring Festival, and the market has strong resilience.

Nylon: PA6 stable finishing this week, the mainstream price is relatively stable, low end price slightly higher. At the close, the main focus of the conventional spinning of the polymerization factory was 12800-13300 yuan / ton cash, which was more stable than last Thursday's closing price. This week, the average price of conventional spun chips is 13050 yuan / ton, which is stable compared with last week. During the week, raw caprolactam was weakly stabilized, sliced just needed to be delivered, low-end chips were still traded, and individual manufacturers tried to increase the offer, but the overall turnover did not change significantly. Traders follow the market and follow up on demand. The main stream of high-end high-speed spinning chips is about 12800-13000 yuan / ton acceptance, which is 1.53% lower than last Thursday's closing price.

This week, nylon continues to be weak and downside. Upstream raw material shock consolidation, support is relatively stable, nylon manufacturers supply stable and positive shipment, downstream market continues to just need to buy, consume pre inventory. The whole market needs to be purchased. The mainstream price of DTY in nylon yarn is 17000-17500 yuan / ton, weak stable operation; the mainstream price of FDY is about 16000-16500 yuan / ton, and the mainstream price of staple fiber is 15000-15500 yuan / ton. It is expected that the short term stability of nylon filament will be weakened.

Regeneration hollow: this week, the mainstream of regeneration hollow first fell and then rose, the overall fell more or less. As of Thursday, the Zhejiang market recycled hollow 7D 3D and silicon products containing tax price of 7900-8300 yuan / ton, down 50 yuan / ton compared with last week. This week recycled hollow 7D 3D and silicon products average price of 8000 yuan / ton, down 1.99%. Last Friday, Ningbo big factory reported a 300 yuan / ton drop on recycled hollow, which greatly hurt the trading atmosphere. The downstream wait-and-see mood was aggravated, and the manufacturers' shipments were weak. This week, internal and external profits stimulated the improvement of production and marketing, and the mentality of the operators improved. The Ningbo Dachang newspaper rose 200 yuan / ton, and some factories followed up, some of the factories were mainly to reduce inventory and the prices were temporarily stable. Guangdong regeneration hollow from weak to warm, manufacturers shipping rhythm from slow to fast, after the spanaction price rise.

This week, the price of recycled hollow first fell and then rose, and the overall decline was much lower. It is expected that there will be room for further improvement next week. It is estimated that the price of 7D 3D and silicon products in Zhejiang market will be 7900-8400 yuan / ton, up 50 yuan / ton this week. Next week, the hollowing down of the regenerated hollow stock is still in the mood. Low inventory manufacturers still have the intention to explore, and the cost side is strong enough to run.

Pure polyester yarn: Zhou inner pure polyester yarn is stable and strong. During the week, it was influenced by many factors, which stimulated polyester production and sales, and the trend of the disc was strong. Polyester staple fiber also increased significantly under the pressure of loss. Although the atmosphere of the pure polyester yarn field has been boosted, it is not enough to balance production and marketing, and the inventory pressure remains. So the mainstream yarn companies are still watching the market. They urge the goods to go to stock, and sporadic yarn prices are rising. The atmosphere of Fujian and East China market is still good, and the market of Hebei and Shandong is deserted. At the close, Fujian's mainstream T32S quotes 12000-12400 yuan / ton, T40S 1500 yuan / ton, T21S low 300 yuan / ton, T30S low 100 yuan / ton.

Short fiber stretch, pure polyester yarn wandering around the goods, yarn price trend gradually approaching the cost line, facing loss risk. Next week, polyester staple fiber still has room to pull up, and the pure polyester yarn inventory pressure has been eased moderately.