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Upstream And Downstream Double Attack &Nbsp; PTA Price Hit Hard

2011/10/21 16:02:00 29

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The latest monitoring data show that PTA spot this week.

Price

The trend was down, the weekend price was 8750 yuan / ton, and the price at the beginning of the week was 9500 yuan / ton, or 7.89%.

Thursday PTA futures market fell sharply, the main contract 1201 opened 198 yuan after the shock down, closing down, closing at 7988 yuan, the whole world fell 510 yuan.

The main reason for the price drop this week is that the crude oil and PX have fallen sharply, the cost of PTA has shifted downward, and the terminal textile industry has been running poorly.

Price

Suffer heavy losses.

PTA cost support has been weakening.

The European debt crisis is worrying, the US economic data are mixed, and crude oil prices continue to decline.

The fall in oil prices will make the price of PX products on the upper reaches of the PTA loose.

Although many PX devices are in a state of parking, they are changing the current weakness.

At present, PX in Asia dropped by 30 US dollars to 1539-1540 US dollars / ton FOB Korea, Europe fell 30 US dollars to 1464-1466 US dollars / ton FOB Rotterdam, the US fell 30 US dollars to 1515-1520 US dollars / ton FOB US Gulf.

Downstream demand is sluggish, and is now near the end of the month, "golden nine silver ten" consumption season will be lost.

As the price of raw materials continues to decline, the overall price of polyester filament and staple is on the whole.

In the mainstream factories in Jiangsu and Zhejiang provinces, polyester production and sales are weak, most of them are 5-7. Low price promotions are everywhere. Partial factories offer one hundred to two hundred, and the highest discount of individual factories reaches five hundred.

Downstream enterprises, whether yarn or cloth, are generally faced with high inventory and tight funds, and the pressure is relatively high.

raw material

The motivation for purchasing is insufficient.

In view of the weakness of the upstream market, the downstream businesses are watching.

PTA futures fell sharply on Thursday, leaving the market on the sidelines.

At present, the price of the upstream and downstream products in the PTA industry chain is loosening obviously, and Xia Ting, an analyst at the textile branch of the business society, thinks that the price of PTA will continue to show a weak trend in the next round of PTA.

Under the influence of the US economic outlook and the European debt crisis, the upstream raw material PX will still be in the adjustment period, which will be unfavorable to the cost of PTA.

Weak downstream consumption will also continue to restrict the upstream industry chain.

product

The rise in prices is unlikely to be evident in the short run. Demand for inventory, pfer of orders and appreciation of the renminbi will continue to emerge in the fourth quarter.