Polyester Yarn Price Rises With PX Price Rising Space Limited

Since June, Asia's PX has risen above the $800 mark.

As of July 12th, the PX price was closed at $815 / ton, and PX production profits rebounded.

In July, the PX Asian market ACP negotiations were set at a high level of 800 US dollars / ton.

According to estimates, the growth of PX supply in the second half of 7.5%, higher than the downstream polyester demand of 3.5% growth, which means that the supply of PX will be relatively loose, if the price of crude oil does not rise substantially, the corresponding

The price increases are limited.

The price of polyester yarn was basically stable in June. The mainstream quotation of Shengze market was stable at 11000 yuan / ton, and 45S's mainstream quotation was stable at 11900 yuan / ton.

The price of polyester cotton fabric has dropped slightly, T65/C3545x45110x7663 "polyester and fine" price dropped 0.023 yuan to 4.42 yuan / meter.

In the first ten days of July, the price of polyester yarn increased by 100-200 yuan / ton along with the raw polyester staple fiber. Cotton price rose sharply during the same period, so the polyester cotton yarn increased relatively.

In the two quarter, the PTA price index showed a trend of upward trend after the fall.

PTA dropped to 8.3% yuan in May from the annual high level of 4875 yuan / ton to 4465 yuan / ton, and in June, the upward trend of its return to development, PTA spot price rebounded to 4710 yuan / ton, or 5.49%.

The overhauling of multiple sets of PTA devices and the high rate of opening up of downstream polyester (near 80%), resulting in a tight supply and demand pattern in the market, are the main reasons for supporting the June market. Meanwhile, the annual high international oil price has also contributed to the market warming of petrochemical products.

Since July, the international crude oil has dropped sharply, the Asian PX level has dropped, and the cost support of PTA has weakened. At the beginning of the month, Hon Bang petrochemical, Ningbo MITSUBISHI and Urumqi petrochemical installations were restarted.

The operating rate increased to around 67%, while the downstream consumption will enter the seasonal off-season, and the demand will be delayed. The PTA social inventory will enter a small cumulative stage, ending the two and a half months' destock process.

The PTA market turned into a weak trend in the off-season, and the price dropped to 4535 yuan / ton as of July 11th.

However, in recent days, some PTA installations or delayed restart, or delayed maintenance plan, or restart after the failure of re shutdown inspection, the domestic PTA device load dropped slightly to around 66%; while in the typhoon season, PTA is more sensitive; this has become a short-term good, but the pull up or limited.

It is estimated that PTA will still be unable to shake off the oscillation range of 4200 - 5000 yuan / ton in the near future.

In the three quarter, the industrial chain entered the seasonal off-season stage. In 7-8, Jiangsu and Zhejiang textile printing and dyeing enterprises have entered the limited production stage.

Will continue to weaken, further drag on the polyester market, polyester load weakness is more likely, then PTA market supply and demand is expected to show a relaxed pattern, prices will face greater downward pressure.