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Review And Outlook Of PET Staple Market During National Day Holiday

2019/10/8 12:58:00 32

Polyester Staple Fiber

Before the national day, polyester staple fiber suppliers continue to give up promotions, and the inventory level of enterprises is at a low level. However, during the holiday season, the market was scarce, and the level of factory inventory increased after the holiday. However, due to the limited stockings in the lower reaches of the festival, the post holiday market is facing some rigid demand, and there is a big factory overhaul plan for PTA. The cash flow of short staple fibers has already lost money.

Price changes of upstream related varieties before and after National Day

Varieties

Company

Nine 30 June

Ten 1 June

Ten 2 June

Ten 3 June

Ten 4 June

Ten 7 June

WTI

USD / barrel

Fifty-four point zero seven

Fifty-three point six two

Fifty-two point six four

Fifty-two point four five

Fifty-two point eight one

Fifty-two point seven five

Brent

USD / barrel

Sixty point seven eight

Fifty-eight point eight nine

Fifty-seven point six nine

Fifty-seven point seven one

Fifty-eight point three seven

Fifty-eight point three five

PX

US dollar / ton

Seven hundred and ninety-four point one seven

Seven hundred and eighty-nine point three three

Seven hundred and eighty-nine point two five

Seven hundred and eighty point five

Seven hundred and eighty-nine point three three

Eight hundred and two point three three

As shown in the above table, the crude oil in the holiday period showed a general downward trend, but PX first suppressed and then raised, and the closing price in October 7th was slightly upward. And the first trading day after the PTA Festival is the news of overhaul of PTA factory, or the PTA price will form a short-term boost.

And before the beginning of the festival, cotton mills and other enterprises in the other fields have little stocking efforts.

On the whole, the production and marketing of the holiday market is generally dull. The stock level of polyester staple fiber enterprises has increased. Some of the stocks in the post holiday section are too large. Some enterprises may still sell some promotions. However, at present, most of the cash flow of the enterprises is losing money. In addition, the maintenance of the PTA factory or the short-term boost of its price, it is estimated that the price of polyester staple fiber has no obvious decline.

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