PTA Prices Continue To Move Downward. Short And Stable Offer.

In the first quarter, due to the influence of the Spring Festival factor and the maintenance of PTA processing fees, the PTA load remained at a high level, and the PTA supply and demand side was relatively relaxed.

From 1 to March, domestic PTA social inventories increased by nearly 500 thousand tons.

In April, in the face of the large withdrawal of PTA processing fee (the average processing fee was 340 yuan / ton in April), the overhaul of PTA plant increased significantly. In April, the domestic PTA device overhaul mainly involved Yanda, Hengli and Yizheng. In addition, Tong Kun, Ya Dong, BP and others had intermittent short stop or down load, and the monthly load of PTA in April was near 73.5%.

Social inventories were significantly reduced.

In May, Yisheng Ningbo and Taiwan chemical plant both had maintenance plans. In addition, the Ningbo MITSUBISHI and Jinshan petrochemical plant were basically in a state of parking in May. It is estimated that the average load of PTA will be around 73% in May, and the supply will be about 2 million 910 thousand tons. If the average load of polyester is estimated at 86% in May, the consumption of polyester will be about 2 million 930 thousand tons. Considering the consumption of 120 thousand tons of PTA per month in other fields, plus the 20 thousand to 30 thousand tons of net exports, it is estimated that the May PTA will be 150 thousand to 160 thousand tons of PTA.

A semi light section of Jiangsu and Zhejiang Province has a good atmosphere, and more than 100-200 tons of small and medium-sized enquiries are in the vicinity of 6450 yuan / ton (cash). There are nearly 6550 yuan / ton (cash) in the section of Jiangsu and Zhejiang.

Shandong Changyi pure polyester yarn market steady ahead, the original white quality excellent 32S offer 12500-15000 yuan / ton short delivery, pure black 32S quote 12500 yuan / ton short delivery, downstream

Slightly reduced.

Raw materials in short term or showing a trend of shock, polyester short fiber downstream demand is weak, this week or follow the weak finishing.

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

Short staple demand is sluggish, the downstream refined cotton plant is still on the low side and the trading atmosphere is light.

In Shandong, some of Xiajin's Velvet negotiations dropped to around 6100-6200 yuan / ton, and Xinjiang quality short linen also dropped to 5500 yuan / ton.

The resistance of dissolving pulp is larger at home and abroad, and the stock pressure of many pulp mills is rising obviously.

Market expectations for viscose are weak, and pulp purchases are expected to be generally low.

The hardwood pulp is expected to be generally less than 850 US dollars / ton, and the needle pulp is also below 950 US dollars / ton.

The price of cotton pulp is weak, and the resistance of the pulp mill is much larger. The official quotation is mostly below 7500 yuan / ton.

The overall price is stable and weak, and high-end and mainstream mid end manufacturers have relatively strong quotations, and high-end deals are more than 15700-15800 yuan / ton, and local prices are slightly higher.

The middle - end mainstream quotation talks about 15400-156000 yuan / ton, and the low - end prices are falling fast in the near future, mainly because the stock pressure is rising rapidly, and the part of the price is more than 15000-15300 yuan per ton.

Viscose filament prices are stable and weak, the trading atmosphere is generally low, the enthusiasm for purchasing is not high, the viscose factory is more favorable for shipping, some manufacturers' stock has risen, the price has not changed as a whole, and there are partial preferential policies.

The price of core spun yarn is generally stable. The price of imitation rabbit hair is about 24000-24200 yuan / ton with 28S ticket. After the May Day holiday, some cotton mills feedback the order inquiry atmosphere, and some of the proofing orders have increased.

The market lacks awareness of the bottom and is generally cautious in its operation. It is expected that prices will continue to be vulnerable.

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