Weekly Review Of Pet Market In Changxin (14-21 April)

Pure polyester yarn 32S and 45s sales volume, polyester cotton yarn overall trading status. At present, the price of pure polyester yarn and polyester cotton yarn has steadily increased. The price of polyester staple center has risen to around 7650 yuan / ton. Post market pure polyester yarn, polyester cotton yarn price trend and rising trend.

This week (14-21 April) is upstream. raw material Driven by strong driving and buying or selling, the bottom line of downstream weaving manufacturers and bomb companies has been broken through, and they have entered the market to make up their stocks. The purchasing of downstream enterprises is more active. The production and sales of polyester spinning factories increased significantly on the 14-16 day, and the price of polyester chips generally rose, ranging from 300-400 yuan to ton, and the varieties were even higher. After 17 days, the volume of trading fell, and prices rose sharply. Judging from the varieties, semi dull FDY silk 54D, 68D and 75D downstream warp knitting enterprises are still in demand. Most of the water jet weaving enterprises reflect that there is no suitable fabric order at present. Large gloss FDY wire needs amplification.

DTY75D/72F (Network) needs better, warp knitting is used for production. Mesh cloth , clinquant flannelette And so on, the relative deviation of demand for water jet weaving, and the volume of DTY100D/144F and 150D/144F are still good. Judging from the current pattern of polyester, the price of raw materials PTA and MEG has been increasing, and the rate of downstream weaving is at a higher level. Polyester spinning factories have little stock of polyester stocks, and the cost of pet spinning is increasing. Polyester spinning mills have a strong intention to raise prices. Next week, the market trend of small polyester shocks has not changed.

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Following the explosion of the Tenglong PX project in Gure, Fujian, Nanjing's Yangzi Petrochemical Plant exploded yesterday morning. Its PTA device stopped immediately, adding a fire to the unilateral rise of PTA futures in the past month, and the related industry chain varieties and stocks were almost boiling. According to the analysis of the industry, the factors such as the PBOC's reduction and the recovery of international crude oil prices have consolidated the current PTA rally, and the frequent accidents in petrochemical factories have further induced the market to worry about the overhaul of the plant. In the short term, speculation still exists, and PTA futures prices are still expected to rise.

According to Xinhua report, at 6 a.m., 07 hours in April 21st, the ethylene glycol T-430 tower of the petrochemical olefin plant of Yangzi Petrochemical Company Limited exploded, causing 1 minor injuries. At present, the glycol unit has been completely stopped feeding, and the firefighters have completed the monitoring. According to the official news of Yangzi Petrochemical, the impact of the explosion of its PTA device immediately stopped and the restart time was uncertain.

In the futures market, PTA reappeared. The main 1509 contract opened up in a straight line, and gradually recovered after nearly five months high 5488 yuan / ton. At 10:35 in the morning, it recovered again and finally rose to 2.03% at 5440 yuan / ton. 1509 contracts were traded 2 million 975 thousand times a day, with nearly 50 thousand holdings of capital.

At the same time, PTA downstream polyester enterprises have been boosted, prices continue to rise, the mainstream factory prices in Jiangsu and Zhejiang increased by 200 yuan / ton. On the A share market, Hengyi petrochemical and Rongsheng Petrochemical rose 5.98% and 5.48% respectively, and the ethylene glycol concept shares technology and Donghua science and technology also rose 6.37% and 4.72% respectively.

According to the business association, 94% of ethylene glycol is used to produce polyester (mainly PET, that is polyethylene terephthalate), which is used as raw material for producing chemical fiber, beverage bottle, film and other plastic products. The other 6% is mainly used in the production of antifreeze, adhesives, paint solvents, surfactants, etc. Statistics show that at present, the total production capacity of ethylene glycol is 6 million tons, of which Yangzi Petrochemical is 300 thousand tons, accounting for 5% of the total capacity of the country, and the total capacity of East China is 2 million 410 thousand tons, accounting for 12.4% of the total capacity in East China. The total capacity of PTA in China is 44 million 490 thousand tons, and Yangzi Petrochemical is 1 million 350 thousand tons, accounting for 3% of the total capacity of the country. The explosion of ethylene glycol production is also affected, but also will affect the PTA industry raw materials supply.

Since April, by the explosion of Tenglong PX project in Gure, Fujian and the lifting of crude oil prices, the PTA spot market price has rebounded significantly, and has risen more than 12% in the past 20 days. The price of PTA futures has increased by nearly 20% in the past 13 trading days.