Polyester Staple Fiber: Keep The Center Of Gravity Low And Continue To Wait And See Downstream.

In the afternoon, the PTA internal market remained weak, the offer was at 5000 yuan / ton or slightly within the level, the market was generally buying, the possible negotiation was still around 4950 yuan / ton, the external market was light, the shipment intention was $680 / ton or slightly above the level, and the counter-offer was $670-675 / ton, and the possible talks remained at 675 US dollars / ton.

In the afternoon, MEG's center of gravity dropped.

The offer was 5900 yuan / ton, and the purchase price was about 5850 yuan / ton, and the estimated negotiation was 5880 yuan / ton. In January, futures reported 5700 yuan / ton up and down, estimated 5660-5680 yuan / ton, the external market was flagging, the recent shipping volume reported about 775 US dollars / ton, and negotiated the vicinity of 770 US dollars / ton.

Market Description:

Overnight crude oil slump, polyester market mentality frustrated.

Market outlook is the main source, Jiangsu and Zhejiang 1.4D direct spinning polyester short market mainstream reported 7950-8000 yuan / ton factory, the paction generally negotiate concessions.

The price of oil has dropped sharply. Today, Fujian's market has been losing its focus. The mainstream of 1.4D direct spinning polyester and short market has been reported for 7950-8000 yuan / ton, and the downstream is cautious.

Shandong and Hebei market continued to weaken, the 1.4 direct spinning polyester short mainstream newspaper 8050-8150 yuan / ton to send, downstream continued to wait and see, few will enter the market, enquiries scarce.

Industry dynamics:

On Wednesday, New York crude futures fell $2.88 in January to close at $60.94 / barrel, while Brent futures fell $2.60 in January, closing at $64.24 / barrel.

In December 10th, Asia's PX rose by 13 US dollars / ton to 870 US dollars / ton FOB Korea and 892 US dollars / ton CFR China.

European PX fell 35 US dollars / ton to US $780 / ton FOB Rotterdam.

Related markets:

Jiangsu and Zhejiang semi light slicing manufacturers still take the contract as the main commodity, the spot market is flat, sporadic heard of a few small single pactions at 6800-6900 yuan / ton cash, the downstream wait-and-see atmosphere is strong.

Shengze market yarn market performance is flat and weak.

Pure polyester yarn price center downward, 32S mainstream 12300 yuan / ton up and down, 45S mainstream 13300 yuan / ton near.