The Short And Short Market Is Still Weak And Stable.

Shandong and Hebei markets were stable and short quotation, 1.4 direct spinning polyester short mainstream newspaper 7150-7250 yuan / ton to deliver, the actual deal can be negotiated, the Fed's interest rate is coming soon, the market wait and see wait for the main. Shengze market pure polyester yarn prices stabilized, the market volume is weak, 32S mainstream offer 11200 yuan / ton up and down, 45s Mainstream quotation 12200 yuan / ton nearby. Short term market or price reduction is mainly based on stable prices.

　　 Polyester and short Market In the short term market or stable prices to reduce inventory mainly. Today, the short and short staple market is stable and weak. The manufacturer's quotation is piecemeal, and the mainstream of Jiangsu and Zhejiang 1.4D direct spinning polyester and short market is reported to be 7100 yuan / ton. Deal More talks. Today, Fujian polyester short market quotation is stable, 1.4D direct spinning polyester and short market mainstream newspaper 6900-7000 yuan / ton short delivery, morning PTA futures first weak after small strong, downstream inquiry purchase atmosphere is light.

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Under the combined action of crude oil stabilization, centralized maintenance of PX and PTA devices and the demand peak season downstream, the PTA will continue to grow stronger in 9 to October. However, in the medium and long term, the PTA industry surplus pattern will not be changed, and the short-term rebound will still return to the weak. On the operation, it is recommended to wait patiently for the short selling opportunity after the rebound. The entry point is near 5000 yuan / ton. 9, October is the traditional "golden nine silver ten" demand peak season for the terminal weaving industry. Referring to the seasonal performance in the past years, the demand growth characteristics are more obvious.

However, at present, there are not many new orders in the downstream market, and there is no obvious improvement in production and marketing. The inventory problem is still grim, especially in the context of the current global economic slowdown and the significant depreciation of the emerging economies, the export of textile and clothing products is not satisfactory. Customs data show that from 1 to August in 2015, China's textile and apparel exports totaled 193 billion 319 million US dollars, down 4.59% from the same period last year.

Among them, exports of textile yarn, fabrics and products were 72 billion 159 million US dollars, down 1.61% compared with the same period last year. Exports of garments and accessories were 112 billion 287 million US dollars, down 6.41% compared to the same period last year. At the same time, taking into account the slowdown in domestic economic growth and weak physical demand, we need to maintain a prudent demand for effective demand in the peak season.

From the overall situation of the industry chain, upstream PX, PTA centralized maintenance, downstream polyester, weaving to usher in the seasonal demand season, short-term PTA price formation strong support. But in the long run, the PTA surplus pattern has not been fundamentally improved. After a short period of centralized maintenance, the maintenance devices will continue to drive again. It is reported that the Fujian Jialong 600 thousand ton plant is planning to restart again at the end of September after nearly 3 months' parking. The 4 million 500 thousand ton equipment of Xiang Lu Petrochemical Company is also planned to be restarted at the end of September or early October.

In addition, by the end of this year, 2 million 200 thousand tons of Hon Bang petrochemical and 1 million tons of Sichuan Shengda will be put into operation. In terms of terminal demand, the domestic and international economic slowdown, real estate investment downturn, textile and garment exports decline and other long-term negative factors continue, the overall no new growth highlights can continue to pull up PTA demand upward. Therefore, the surplus pattern of PTA industry will continue, and the process of industrial integration and de production will still undergo a long and painful stage. PTA price also cannot escape the big weak cycle.