Polyester Market Downturn, The Bulk Of The Market Turnover

PTA spot price fell 290 yuan (-6.00%) to 4540 yuan / ton.

In July 2nd, Yisheng Dalian Petrochemical announced that the total 6 million tons / year production line of the company's two sets of PTA installations began to drop 20% from now on. At the same time, Hengli Petrochemical announced that the three sets of PTA installations of the company totaled 6 million 600 thousand tons / year production line due to the poor production efficiency of PTA, and planned to reduce production. The whole customer was notified and the contract reduced by 10%.

Leading enterprises cut production news,

The market rebounded slightly on the 2-3 day.

suffer

News boost, downstream polyester plant production and sales data significantly volume, part of the higher 400%-500%.

But the recent suppression of the drop in international oil prices has brought the PTA spot back to a downtrend.

The weak demand for the downstream also dragged down the PTA price.

In the off-season of consumption, polyester cash flow deteriorated, finished product inventory increased, polyester industry lost in line, and operating rate continued to decline, which has dropped to 75%.

In general, the fundamentals of PTA are still worse than profits.

The price of semi gloss slicing in Jiangsu and Zhejiang has decreased by 300 yuan to 6525 yuan / ton. The current mainstream offer is 6500-6700 yuan / ton cash, and the focus of discussion is 6500-6550 yuan / ton cash, slightly higher or slightly lower 50 yuan / ton.

As of July 9th, the domestic PTA plant operating rate continued to decline to 65.29% (2.81% lower than the beginning of the month), and the downstream polyester operating rate dropped to 73.07% (lower than the beginning of the month), and the load of Jiangsu and Zhejiang looms dropped to 69% (1% lower than the beginning of the month).

Polyester yarn market downturn, the bulk of the market turnover.

Among them, pure polyester yarn has a larger decline, and the polyester cotton yarn is relatively small in the vicinity of 300-400 yuan, between 100-150 yuan.

The yarn factory is not confident and the shipment continues to dominate.

Sheng Zechun polyester yarn prices downward momentum, the overall paction volume is not big, 32S mainstream offer 11600 yuan / ton up and down, 45S mainstream quotation 12700 yuan / ton nearby.

The order quantity of polyester cotton cloth is reduced, but the spot sales of conventional varieties are still available, and the downstream needs to be purchased or sampled in small quantities.

The inventory of some mills has exceeded 20 days, and the overall inventory level is expected to rise later.

In July 10th, the average price of pure polyester yarn 32S market decreased by 280 yuan to 11515 yuan / ton, and the average price of T65/C3545S market decreased by 130 yuan to 18370 yuan / ton.

Polyester / cotton grey fabric representative variety T65/C3545x45110x7663 "polyester and fine" price has dropped 0.04 yuan to 4.62 yuan / meter.