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Analysis Of Fundamentals Of Polyester Filament At Present

2010/7/9 11:26:00 28

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Polyester Filament

From the basic analysis, some analysts believe that

Polyester filament

The main factors are:

1. external market: the Bank of Australia keeps interest rates unchanged.

Latin American economy

With the promotion of growth, investment enthusiasm of market investors has gradually increased.

So that the current financial market has rebounded to a certain extent.

However, the overall market trend is still around the rebound trend in the weak callback pattern.

The possibility of actual stabilization is still slim.

As the euro zone's debt crisis is heating up, it will still constrain the pace of global economic recovery in the short term, and the market mentality will remain weak.

Coupled with the adoption of the US financial reform plan in the house of Representatives, the speculative heat of the latter market will be severely hit and restricted.

2. cost side: after the recent decline, polyester raw materials

PTA

The decline in market movements weakened and there was a demand for technological rebound, but the expected rebound was not high.

As the price of PX continues to fall and the operating rate of PTA production plants remains at a high level, the pattern of supply increase in the late PTA market will not change in the short term.

At the same time, due to the delivery of 1005 contracts, a large number of futures stocks were released, and the centralized withdrawal of warehouse receipts in September continued to exist in the late market pressure.

The market for ethylene glycol, another polyester feedstock, has also released some signs of bottoming, and the seller has not offered much.

However, due to the successful restart of Sinopec's 3 sets of equipment in June (namely, 225 thousand tons of Shanghai petrochemical, 500 thousand tons of Zhenhai Petrochemical and 300 thousand tons of Yangba), domestic supply increased and port stocks were high.

3. supply and demand side: in the first half of the year, many new machines were added in China, but the takeaway volume of POY in polyester factories was less and less.

For example, Sheng Hong's original POY takeout is quite large, but with the completion of all the 300 machines, the POY wire has not been taken away.

Demand is increasing, supply is decreasing, and market balance is tilting to many.

But in July, the load of booting plant will decrease, and the demand for raw material POY will be reduced.

Affected by the hot weather for several days, the electricity consumption of people's livelihood has increased significantly. Although the power supply in Zhejiang has not yet been significantly tightened, some enterprises have started limited maintenance plan or intention.

The power rationing enterprises adopt small and basically desirable shutting down parts of the ammunition machine, local area small plus bomb is also planned to start five cease two operation later.

At present, the POY silk stock of polyester plant is usually in the vicinity of 6-7 days, and the pressure of product inventory is not very high in the short term.

The raw material inventory of the bomb factory is usually about 20 days, and there is little demand for raw material POY in the short term.