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The Price Of Basic Polyester Staple Fiber Will Continue To Fall.

2019/11/22 18:01:00 177

Polyester Staple Price


According to the price data of business associations, by November 20th, the average price of 1.4D*38mm polyester staple in the whole country was 6860 yuan / ton, a decrease of 6.88%, a decrease of 507 yuan / ton, a decrease of 26.92% or a decrease of 2526 yuan / ton compared with the same period last year. Dachang generally quoted at 6700-7000 yuan / ton.

WTI crude oil futures in December fell 0.06 US dollars, or 0.11%, at 56.08 US dollars / barrel; Brent crude oil futures in January fell 0.12 US dollars, or 0.19%, at 62.06 US dollars / barrel. OPEC+ said it would not increase production to ease global oversupply. At its later half year meeting, it said it would not expand production targets and maintain current production at most. Saudi Arabia is actively implementing the plan to push crude demand because the United States will cut production next year.

On the 20 day, PTA's main contract shock dropped. The closing price of TA001 closed down 32 yuan compared with the previous trading day, or 0.67% yuan, closing at 4714 yuan / ton, and the PTA processing fee dropped to 530 yuan / ton. Jiaxing Petrochemical 1 million 500 thousand tons, planned to stop in November 12th, planned to overhaul for 2 weeks; Helen Petrochemical 1 million 200 thousand ton plant plan to overhaul in December; Ningbo Taiwan 1 million 200 thousand tons plant in mid November, the fault stopped short, has now returned to normal production; Han Bang Petrochemical 2 million 200 thousand tons of equipment has been reduced by 9 to run. PTA processing rate was 92%, compared with yesterday's no change; polyester start up rate of 86.85%, an increase of 0.97% compared with last week; domestic polyester filament downstream looms start rate of 72%, compared with last week, the downstream replenishment enthusiasm is difficult to continue, polyester short fiber business overall shipping weak, production and marketing rate of 20%-80%, polyester production and marketing also downturn 10%-100%.

The average price of the downstream 32S polyester yarn in Shandong area is 14440 yuan / ton, and the price has basically remained at this price in the past two months. The price of the middle end factory is 13000-13500 yuan / ton, and the price of the high-end factory is 13900-15300 yuan / ton. The price of textile market is being seen today, and the pressure of spinning enterprises is greater at the end of the year. Profits will inevitably be compressed. Although there is still demand for goods in the lower reaches, next month should be mainly based on receiving goods, and the operation is still rather difficult.

To sum up, upstream crude oil supply exceeds demand, and there is no sign of easing up, and prices are expected to continue to decline. PTA unit repair and recovery started, new capacity is put into operation. It is expected that the supply pressure will be larger in the future market, and the PX price is weak, so it is difficult to form support for PTA cost. The lower price of yarn grey cloth promotion, the product continues to be weak. In the environment of insufficient profit and the peak season of gold nine silver ten, the operating rate has a possibility of further decline, and the fundamentals are empty. Business analysts believe that PET staple prices will continue to fall, next week prices will be between 6300-6500 yuan / ton.

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