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    Polyester Staple Market In China - Speed Up

    2014/12/15 18:09:00 29

    Domestic MarketPET StapleMarket Quotation

    Last week

    Polyester and short

    The market accelerated.

    Oil prices continued to fall, New York crude oil fell below 60 U.S. dollars / barrel support position, petrochemical products generally pressure down, polyester market view of the atmosphere is strong, the price center from Yin to turn into a sharp fall, polyester, short and low supply of goods increased, the price fell significantly faster, and fell below the lowest level in the 2014.

    Downstream buy more or not buy down mentality, only to maintain small single demand.

    Purchase

    Rhythm, short market paction resistance is obvious, production and marketing is still not ideal.

    Jiangsu and Zhejiang 1.4D direct spinning polyester short mainstream price in 7850-7950 yuan / ton factory, compared with last week fell about 300 yuan / ton.

    Polyester, short and down, dragging down the price of polyester yarn steadily down.

    Qian Qing Market

    The mainstream of 32S pure polyester yarn is 12100-12300 yuan / ton.

    Oil prices continue to decline, polyester market confidence is not enough, polyester and short prices hit a new low since 2010, but domestic sales are still sluggish, export is still available.

    The overall inventory of polyester and short industries continues to rise, and the gap between stock and inventory increases. The mainstream stocks are 7-10 days, while a few manufacturers are below 5 days.

      。

    On the whole, the price of oil will decide the overall tone of the polyester market. Now the polyester industry chain generally maintains a positive cash flow, and the inventory pressure is not large. The overall mentality is acceptable.

    If the raw materials continue to descend in the future market, polyester and short will still fall below, otherwise, there is a possibility of stopping.

    More attention should be paid to the -PX chain status of crude oil and naphtha, as well as the overhaul of PTA units.

    Related links:

    Reporters learned that China's cotton import quota policy has tightened this year. Apart from the quota of 894 thousand tons, 1% quotas will no longer be issued, which will discourage importers and textile companies from sailing for the coming months.

    According to feedback from port traders and domestic textile enterprises, the number of cotton exports to main ports in China has continued to decrease since November, and the total volume has dropped to eighty thousand or ninety thousand tons.

    Recently, the US Department of agriculture (USDA) released the latest global cotton supply and demand report, of which 2014/15's annual global cotton production increased by 52 thousand tons, while its consumption increased by only 37 thousand tons, and the global cotton supply continued to be relaxed and the surplus was 1 million 253 thousand tons.

    In addition, USDA also raised the end of the world cotton inventory to 23 million 375 thousand tons.

    At present, global consumption is still weak, ICE contracts are expected to remain under pressure.

    Judging from the situation of China's cotton production and consumption (aside from reserve stock), China's output this year is 1 million 633 thousand lower than that of its consumption. Output outside China is 2 million 886 thousand tons higher than that of consumption, and the domestic supply and demand situation is better than that of the international market.

    According to the survey conducted by China Cotton Information Network in October, the output of cotton in China this year is 6 million 20 thousand tons, of which 4 million 80 thousand tons in Xinjiang.

    This year, weather and the implementation of direct subsidy policy and other factors, the market buying and selling rhythm has changed.

    Xinjiang was mainly affected by the weather in 9 and October, such as low temperature, rainfall and frost. The output of the northern Xinjiang decreased, and the southern Xinjiang was also affected.

    The trend of reducing production in the mainland can not be ignored.

    The proportion of machine picked cotton in Xinjiang is expected to increase further in 2015/16.


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