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Market Pressure On Polyester Raw Materials Is Heavy.

2011/12/15 10:13:00 9

Since September this year, the price of polyester raw materials has been weakening.

In November 30th, the price of polyester chips in the East China market fell 2350 yuan (ton price, the same below) compared with September 1st, and the price of terephthalic acid dropped by 600 yuan, while the price of p-xylene dropped by 750 yuan.

Polyester raw materials

Price

The reasons for the decline are as follows: first, the recent international economic situation is complex, and the slow growth of the US economy and the European debt crisis have increased the uncertainty of China's textile exports in the future, which has caused signs of slowdown in foreign demand.

The two is in 9 and October this year. The inflation rate in China is at a high level of 6.1% and 5.5%. Under the condition that the negative interest rate is serious and the consumption growth of the residents is slowing down, the consumption of textiles and clothing in the domestic market is inhibited.

Three, because of the rising cost of production in the downstream textile industry, a large range of textile small and medium-sized enterprises have collapsed, resulting in a significant reduction in demand for upstream products in downstream industries.

Four, the recent price volatility of cotton and terephthalic acid has affected the spot market of terephthalic acid.

Market participants continuously withdraw funds from para xylene, PET chips and terephthalic acid products, which are highly valued in the market, and gradually flow into high yield.

Finance

Derivative products.

Judging from the market outlook, the international fiscal deficit and debt risk and the aggravation of the European debt problem have seriously dragged down the economic situation in the euro area. Therefore, orders for textile export products continue to decrease and are difficult to change in the short term. This also makes polyester raw materials still under certain pressure.

With the arrival of the end of the year, the capital market is tight, and the market demand for polyester raw materials is insufficient.

In addition, some manufacturers in order to complete the higher level of assessment indicators, will significantly reduce inventory, resulting in an increase in market selling pressure, will inhibit polyester chip and other polyester raw materials prices rise.

Although the central bank has decided to reduce the deposit reserve ratio of deposit financial institutions by 0.5 percentage points from December 5, 2011, the credit policy will be relaxed in the future, but in the current unfavorable factors, the price of polyester raw materials has risen sharply in December.

Probably

Not big.