PTA Spot Price Rose Slightly, Polyester Market Steady.

Recently, PET production and marketing rebounded to about 200% because of terminal stock preparation, but polyester prices are still falling. The settlement price of PTA and PX for a mainstream comprehensive enterprise is 5175 and 6950 respectively.

The cost of converting PX into PTA is about 5300 yuan / ton. From June 10th to now, the processing cost of PTA has decreased from 434 yuan / ton to 340 yuan / ton. For small devices, such a low processing fee is difficult to continue to run at full capacity. The Fujian Jialong 600 thousand ton PTA plant stopped in June 20th.

PTA dilemma, or continue to shock, short term light warehouse operation.

Sanctions against Iran's oil exports may be postponed and the US crude oil and gasoline stocks are expected to decline. Western Asia's crude oil prices will rise and Asian PX prices will fall slightly.

Domestic PTA operating rate has risen to around 70%.

PTA

Rose slightly.

The market of polyester is steady and the partial discount rate is reduced. Downstream weaving and bomb adding enterprises just need to purchase raw materials.

In the short run,

Futures 5000 point integer gateway support is strong, short term is difficult to effectively break down the position, but in the medium term, with the CICC 1 million 600 thousand tons of new PX device start-up and the seasonal demand peak season for the oil market, PTA price will continue downward under the cost drag.

The load of the PTA plant will rise to around 70% and return to oversupply.

downstream

Stocks are going up, losses are increasing, demand is weak, and load will continue to decline. Overall, the cost side will be slightly stronger, consumption will continue to be weak, PTA supply will rise and stock will be sufficient, and prices will remain weak.

Later concerns whether crude oil can break through the consolidation interval.

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Recently, from the feedback information from various aspects, the textile market continued to slide, and the orders were mostly small batch. Occasionally, there was a large single inquiry, and the competition was fierce. The prices were mainly determined by the price, whether there was the account period, the delivery date and the quality, and the conditions were harsh.

Downstream printing and dyeing enterprises business is light, lack of start-up, there is a round off phenomenon.

According to reports, the state is about to abandon its reserves and plan 1 million tons. According to the different period of cotton production, the price is different, and the reserve cotton needs two public inspection.

At present, the production of cotton yarn in Shandong and other places may be under the influence of the news, no longer continue to adjust the price shipment, but wait and see, waiting for the development of raw material prices in the future.

But for cash cash customers, there will be some preferential policies depending on the order quantity.

Most spinning enterprises still take risk averse attitude, and mix the variety structure to the blended yarn. In addition, the order of polyester cotton yarn is relatively stable.

The 6-8 month is the most difficult three months for textile enterprises. After waiting for the new cotton market, there will be a turning point in the market.