Domestic Polyester Staple Market: Partial Downgrading

The local price of polyester staple is loose, and downstream enquiries are scarce. Overnight crude oil slump, polyester market pressure wait and see, polyester and short market confidence frustrated, local prices loose, Jiangsu and Zhejiang 1.4D direct spinning polyester short market mainstream reported 8300-8400 yuan / ton factory. International oil price slump has depressed market confidence. Fujian Polyester short quotation fell, the center of gravity is lower, 1.4D direct spinning polyester short market mainstream newspaper 8350-8400 yuan / ton short delivery, enquiry scarce.

Shandong, Hebei The market is short and wait-and-see atmosphere is strong, the quotation is not many, the center of gravity is low, 1.4D direct spinning polyester short mainstream newspaper 8400 yuan / ton up and down, individual low price to 8300 yuan / ton position. Shandong Changyi market cotton yarn market is gloomy, other varieties stable big move. Pure polyester yarn at the price of goods, 21S mainstream newspaper 12400 yuan / ton, 32S mainstream newspaper 12900 yuan / ton.

Last week Polyester and short quotation A slight concussion. By the impact of high raw materials, the beginning of the beginning of the week has been a continuation of the weekend's upward trend. Manufacturers' quotations have been actively pushed up, the market has reduced the supply of low prices, the center of gravity has followed the uplift, and the willingness to enter the market has gradually weakened, and the turnover has tended to be dull. In mid Zhou, the short and short market is mainly composed of stable finishing, low inventory and a calm mind.

The OPEC meeting on Thursday night announced that crude oil production should be maintained, and international oil prices should plummet. On Friday, the market was short and the market prices were high. Jiangsu and Zhejiang 1.4D direct spinning polyester short mainstream price in the 8300-8350 yuan / ton factory, compared with last week rose nearly 100 yuan. Polyester market stability, small movements, part of the specifications of small price rise, Qian Qing market 32S pure polyester yarn mainstream newspaper 12600-12700 yuan / ton.

On the whole, the downtrend of crude oil has not been completed, and the risk of downstream industry chain has increased. Although short and short manufacturers are short of stocks and short of pressure, the increasing sales pressure will still encourage manufacturers to fall in price voluntarily. It is expected that the price of polyester and short prices will weaken slightly this week.

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Viscose staple market is lack of bright spots. Downstream needs replenishment. Viscose staple fiber market performance is still slack, the market lacks bright spots, conventional and differentiated products are weak trend. Mid - end products more than 11900 yuan transactions are rare, the focus of negotiations is more than 11800-11900 yuan. High end overall maintenance at 12000-12100 yuan, manufacturers below 12000 yuan goods intention is not strong.

Downstream to maintain the rhythm of just needed replenishment, due to its own yarn orders and poor funds, procurement materials are generally cautious shrinkage. Xiao Shao cotton yarn price is stable and weak, and market trading is slowing down. Siro spinning 30S market discussed 17500-17800 yuan, tight race 40S quoted at 20000-25000 yuan. Viscose staple fiber industry's operating rate is above 92%, and there are still 100 thousand tons of new projects in the late stage. We expect to adjust the viscose staple fibers later.