The Repair Device Has Been Restarted Continuously, And The PX Profit Squeeze Process Continues.

The international crude oil market surged 20% in April, boosted by US crude oil production and Yemen turmoil.

As of May 15th, crude oil production in the United States was 9 million 260 thousand barrels per day, down 160 thousand barrels per day compared with the March high.

The US oil production is indeed showing signs of peaking, but the US oil drilling platform has only decreased by 1 to 659 in the latest week.

The decline in oil drilling platforms is steadily narrowing, indicating that oil producers continue to shut down their drilling operations as oil prices slow up.

In addition, OPEC's crude oil output hit a new high in the past two years.

Among them, Saudi Arabia, the largest oil producer in OPEC, produced 10 million 95 thousand barrels per day in April, hitting a new high in the past 30 years.

Iraqi and Libya crude oil production is also on the rise.

The nuclear sanctions imposed by the US under Iran will soon be lifted and Iran's crude oil output will also increase.

Against this background, the competition for crude oil market share in the OPEC Member States has started, and the crude oil market in late period has been well supplied, and prices will continue to fall.

Early stage

Futures prices rose continuously in the course of 1000 yuan / ton.

Device explosion and other PX factory overhauls bring cost push.

However, the pre maintenance device will be restarted in succession, plus the 1 million 600 thousand ton PX plant of CICC Sinopec is planned to go into operation. PX's high profits will be difficult to maintain.

As of May 22nd,

The price fell 67 US dollars / ton from the previous high, to 935 US dollars / ton, and PX production profit was also squeezed 55 US dollars / ton to 60 US dollars / ton.

From the perspective of supply and demand in the late stage, PX still has room for squeezing in its current profitability.

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In the recent market, some Polyester Filament Knitted printed double-sided velvet and knitted printed single face flours have been sold in bulk, but most of them are mainly sold in small quantities and many varieties, and the turnover is intermittent.

Knitted printed double-sided velvet, knitted printed single side floss, some creative flower type fabrics are locally upgraded, but small round knitting weft knitted weft knitted plush, warp knitted plush and warp knitted plush flannelette are listed more frequently, but spot listing is still relatively small, and the number of flower type varieties is short of turnover, and turnover is much lower.

Although the warp knitted cashmere cut has few styles of listing, the spot listing is insufficient, with local small batch, multi variety, color and flower type paction being the main paction. There are many kinds of color and flower pattern matching in bulk lots, but the overall market turnover is much insufficient.

In the past few days, home textile knitted warp knitted flannel has continued to shake down, with polyester FDY and DTY yarn as the main raw material, knitted big round woven knitted flannel, dyed double faced fleece, printed fleece, dyed velvet and knitted fabric knitted plush, printed plush, dyed knitted plush, dyed and brushed Plush. Due to seasonal factors, fabric consumption demand has declined, the spot market volume of the whole market has continued to decrease, and the turnover is more obvious.

Polyester FDY, DTY silk warp knitted corduroy, warp knitted snow velvet and weft knitted cotton velvet, occasionally there are still lots of small batch lots of pactions, the overall market turnover shows a slight trend.

Recent market, warp knitted velvet, dense velvet, no velvet, elastic velvet, coral velvet and other dyed and printed varieties hung with smaller distribution, less styles and varieties on the spot, mostly small batch pactions, and the turnover was intermittent.

Due to seasonal factors, the demand for fabric consumption has dropped, and the overall market of many kinds of knitted warp knitted fabrics has been reduced and the demand for counterpart merchants has decreased.

But with polyester FDY filament, DTY low elastic yarn, POY silk warp knitted plush, warp knitted brushed plush, occasionally there are still small and medium-sized bulk dispersed sales, and the overall market turnover is much insufficient.

In recent years, China's Textile City Polyester Filament Knitted flannelette turnover is much less than that, the large circular knitting weft knitted fabric is still relatively large, but the sales volume is still relatively large, but the turnover is relatively small.

There are still quite a few varieties of knitted fabric with polyester filament as the main raw material, but the volume of the knitted fabric is still partly shrinking, and the thickened knitted fabric is more salable. The middle thick knitted fabric is still relatively ineffective in spring.

With the polyester FDY and DTY yarn as the raw material, the partial thickness of the knitted cashmere knitted cashmere business continued to be insufficient. Among them, most of the knitted plush and woolen suede fabrics were more hung, but most of the heavy spring fabrics listed on the spot were still limited.

Polyester cashmere knitted cashmere has declined due to seasonal factors. However, there are still lots of small and medium-sized batches in the retail sales of some models, but there are still lots of foreign orders.