• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    Demand Is Not &Nbsp; Industry Chain Profits Shrink; PTA Oscillation Seeks Bottom.

    2011/5/16 11:20:00 38

    Demand Industry Chain PTA

    Since May, PTA futures have fallen sharply in crude oil.

    commodity market

    Under the influence of the overall atmosphere downturn, the continuation of the previous

    Downtrend

    We believe that macroeconomic policy will continue to tighten, industry capacity will gradually release and downstream demand will remain warm. The profit level of PTA related industry chain will gradually return to normal level, and PTA will continue to oscillate and search for the end of the year.

    Goods in stock

    The reasonable price should be around 9000 yuan / ton.


    Downstream demand is not hot, PTA capacity begins to release.


    Textile enterprises continue to be subject to rising prices of raw materials and continued appreciation of the renminbi.

    In addition, this year's electricity consumption situation is grim. The large-scale power restriction policy will restrict the start up rate of textile dyeing and printing devices, thus restricting the demand for raw materials.

    The recent Canton Fair shows that the industry is in a bad position, and European and American businessmen are still few. The rising cost of labor, high raw materials and appreciation of the renminbi make the domestic textile enterprises lose their dominance.

    The downstream demand of PTA has been showing an overall trend. The rapid growth of demand for supporting PTA prices at the beginning of the year has ceased to exist.


    In addition, the PTA industry will release 4 million 250 thousand tons of new capacity in 2011, and there will be at least 15 million tons of new capacity after 2012.

    The productivity growth rate of the chemical fiber industry during the "12th Five-Year" period is 8%. Considering the concentrated release of chemical fiber production capacity in 2011, the capacity growth rate will be less than 8% after that.

    PTA industry capacity growth will significantly exceed the downstream chemical fiber industry.


    PX keeps oscillating, polyester trend downward.


    The price difference between PX and naphtha and MX has been shrinking with the low price of PX and the strong price of naphtha and MX.

    According to the market theory, the profit of PX has dropped from nearly 500 yuan / ton to a reasonable level of below 200 yuan / ton.

    It is expected that the price of PX will remain stable in the future, and the cost supporting role of PTA will be greatly weakened.


    Since mid March, polyester prices have been falling all the way. At present, the price of polyester chip market is getting lower and lower, and inventory is increasing. Polyester chip factories continue to maintain the principle of lowering prices.

    Recently, the mainstream price of Jiangsu and Zhejiang semi gloss chips is 12150 yuan / ton, which is 10.7% lower than the market high in March.

    According to preliminary statistics, in 2011, more than 6 million tons of new production capacity of polyester were planned to be put into operation. If the capacity of the downstream market did not increase significantly, it would inevitably lead to the contraction of enterprise profits.

    In the case of PTA prices continuing downward, polyester prices are expected to fall.


    PTA spot market is stable, futures prices will oscillate bottom.


    As the price of PTA has dropped sharply from the high level, the enthusiasm of low price enquiries for polyester factories and enterprises has increased, and the atmosphere in the spot market has improved.

    After the fall in polyester raw material prices, the profits of downstream enterprises have picked up, and polyester enterprises have begun to take the volume to reduce inventory.

    PTA manufacturer's production load is still maintained at high level, slightly higher than last month.

    At present, the profit of PTA is between 1000 yuan and 1500 yuan per ton. The profit of the enterprise is still relatively large, and the actual situation of the spot market is not as pessimistic as that of the futures price.


    On the one hand, the cost support is weakened, the downstream demand is flat, and the continuous decline of cotton prices also makes the market lack of confidence in the PTA market which is the same as the textile raw material. But on the other hand, the PTA spot market is stable at present, and the profits of the enterprises are huge. The rigid demand in the downstream market will have a solid support for the medium term outlook of the PTA market, and the long-term outlook for crude oil prices will continue to be strong, so PTA will shake the bottom in the year. At present, the reasonable price level should be around 9000 yuan / ton.

    • Related reading

    亞洲化纖會議:棉價難捉化纖預計第3季起色

    Industry dynamics
    |
    2011/5/16 11:15:00
    38

    Hongkong Trade Giant "Prosperous Clothing" Settled In Textile City

    Industry dynamics
    |
    2011/5/13 10:54:00
    32

    Foreign Trade Enterprises Want To Fly Higher With The "Brand Wings".

    Industry dynamics
    |
    2011/5/11 11:40:00
    113

    General Administration Of Customs: Export Textiles And Garments $68 Billion 500 Million In The First 4 Months

    Industry dynamics
    |
    2011/5/11 11:13:00
    43

    ECFA效益凸顯 兩岸紡織服裝合作加深

    Industry dynamics
    |
    2011/5/11 10:46:00
    37
    Read the next article

    “鞋子控”買鞋百雙:看到喜歡的就像犯毒癮

      厚底球鞋、及踝羅馬高跟鞋、露趾魚嘴坡跟鞋……小悅穿的鞋幾乎不重樣。昨天(15日),她穿的是一雙蛇紋平底涼鞋,再配上不同的服飾,怎么看怎么有“范兒”。

    主站蜘蛛池模板: 999在线视频精品免费播放观看 | 欧美丰满熟妇XXXX性| 污污网站免费观看| 日本免费精品一区二区三区| 日韩欧美亚洲综合一区二区| 天堂草原电视剧在线观看免费 | 精品亚洲福利一区二区| 最近的中文字幕视频完整| 天天草天天干天天| 国产一级做美女做受视频| 亚洲国产成人精品无码一区二区 | 成年人视频免费在线观看| 波多野结衣和邻居老人公| 成a人片亚洲日本久久| 国产大片91精品免费看3| 亚洲欧洲专线一区| 一区二区三区在线看| 青青在线国产视频| 欧美三级在线观看播放| 大香大香伊人在钱线久久下载| 四虎影在线永久免费观看| 久久精品无码专区免费| 波霸在线精品视频免费观看| 特级毛片在线观看| 怡红院成人在线| 国产v亚洲v天堂无码网站| 久久精品国产9久久综合| 制服丝袜怡红院| 波多野结av衣东京热无码专区| 国产高清在线a视频大全| 免费人成视频在线观看网站 | 67194线路1(点击进入)| 狠狠色综合久久婷婷| 性美国xxxxx免费| 亚洲视频免费在线播放| www.色亚洲| 精品久久久无码人妻中文字幕| 在线观看片免费人成视频播放| 伊人久久精品一区二区三区 | 日本污全彩肉肉无遮挡彩色| 国产成年无码v片在线|