Raw Materials Market Interpretation: Sticky Short Price Stabilized Polyester Fiber Short Downstream Demand Weak

The price of short staple is stable and weak, the overall demand is flat, the downstream refined cotton plant starts to run short and the procurement is active and mediocre.

Although there are not many sources of quality short staple, the price is still weak.

Xiajin long staple negotiated 6300 yuan / ton, Xinjiang high quality 5700 yuan / ton.

Cotton pulp remains stalemate, there is no market price, pulp factory quotes more than 7600-7800 yuan / ton, downstream talks about the enthusiasm of procurement is not high.

The price of domestic dissolving pulp continued to decline, and the actual focus of broadleaf fell to 7500-7600 yuan / ton, and the needles were 7800 yuan / ton.

Downstream is still weak purchasing enthusiasm, pressure reduction is generally.

There is no definite price in the pulp factory. The price of the viscose factory is generally low. The purchase price of some hardwood viscose factory is less than US $900 / ton.

Needle pulp is expected to be less than 1000 U.S. dollars / ton, next week, the mainstream pulp factory quotations will be introduced one after another.

Viscose staple fiber prices stabilized this week, local quotations rose slightly.

After bulk turnover last week and weekend, viscose factory stock has been effectively pferred, and sales pressure has also been digested ahead of schedule, and many mainstream factories have implemented super signing.

The mid end part of the new quotation was raised to 15700-15800 yuan / ton, but partly low, the turnover still stayed 15500-15600 yuan / ton.

The implementation is relatively strong, and the offer talks about 15800-16000 yuan / ton, and the atmosphere of the new single paction remains stable.

This week, the new single deal was flat. After last week's concentrated paction, it became more gentle.

The price also follows the viscose staple fiber smoothly to stop, the ring spinning 30S quoted price talks the center of gravity to float to 19900-20100 yuan / ton, siro spinning 40S cash quotation also raised to 21300-21500 yuan / ton compared to the previous stage, the core product yarn and so on mainstream product price also rises and falls one after another to rise, the volume has also improved greatly compared with the earlier stage.

Viscose staple fiber prices stabilized, but the new single follow-up mediocre, manufacturers orders larger differences, the terminal overall performance is still lack of bright spots, next week is expected to continue to stabilize more.

This week, polyester staple fibers are vibrating in a narrow range.

The commodity market is still weak in the week, but PTA futures are relatively strong until Wednesday.

Therefore, the early stage of the polyester market is basically stable or slightly finishing, and the polyester staple fiber is also watching sideways. The mainstream of Jiangsu and Zhejiang 1.4D direct spinning polyester staple is reported to be 7750-7900 yuan / ton, but there is a 50-100 yuan space for the negotiations, but the deal is mediocre.

Oil prices fell sharply on Wednesday evening, polyester was slightly weaker, and Dacron staple fibers were stable, but there was room for expansion.

By Friday, local manufacturers slightly lowered their original offer slightly, while the center of gravity of 1.4D direct spinning polyester staple in Jiangsu and Zhejiang stabilized 7650 yuan / ton near the factory.

Polyester yarn has been sporadic this week, and manufacturers' offer is basically stable.

In recent years, PX's reliance on the supply of goods has increased the expected supply. After the restart of Yanda, the output of PTA has also increased significantly, and next week will enter the settlement week. The overall relatively narrow range of shocks is weak. MEG is still difficult to make significant changes, and will continue to be volatile in the near future.

At the end of this week, PTA has a real-time operating rate of 73.3% (currently the capacity base is 48 million 840 thousand tons), and the average load of polyester is nearly 84.3%.

Demand side, near the end of the market or replenishment needs, but the long weak stalemate market affects the downstream replenishment mentality, and the polyester yarn itself is insipid. If there is no significant benefit, the production and marketing will hardly recover.

On the supply side, there will be a restart plan for 1 sets of equipment in the next Thursday, and there will be a slight increase in the second half of the week.

On the whole, raw materials are in a weak position, and polyester is basically following up. The cash flow of polyester staple fibers is good, but the downstream demand is weak.

Later, we should pay attention to changes in oil prices, after PX price trend, and downstream yarn manufacturers orders.

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