Polyester Filament Upstream PTA Spot Market Warmer Viscose Staple Fiber Continuation Of The Overall Weakness

During the week, the polyester filament market showed a downward trend, upstream PTA slightly warmer, ethylene glycol continued to decline, cost support was weak.

The PTA spot market of polyester filament is showing a warming trend. When the Ningbo platform 1 million 200 thousand tons / year PTA device was stopped in May 8th, the 700 thousand ton / year PTA device of Shanghai Petrochemical Company in May 10th stopped for inspection and maintenance, and the PTA plant operation rate decreased by 5.2% to 66.15%.

During the week, with the trend of unit shutdown and warmer supply, PTA welcomed the phased out stock market, but the commodity futures market trend was weak. Meanwhile, the US crude oil production continued to increase, and the market worried about the continuous decline of the crude oil market. The oil producing countries have expressed support for extending the production reduction agreement. The EIA stock accident has been favorable, crude oil market funds have started to copy the bottom, the oil price has slightly recovered, and the PTA market has risen slightly.

The upward trend of ethylene glycol market showed a downward trend. Under the pressure of short positions in the week, the electronic disk was once down, bullish forces were suppressed, while the market buying was more active, but the support was weak.

During the week, a number of coal manufacturers stopped to check and repair, and the port delivery was smooth. There was still some good support for both sides of the basic supply and demand.

The near future

Continuing to decline, the downstream polyester plant is still in demand, and the comprehensive operating rate of Jiangsu and Zhejiang looms has dropped to 78.5%.

The US crude oil output continued to increase, the market bearish sentiment was strong, caused the crude oil market to fall sharply, but the oil producing countries have expressed support for extending the production reduction agreement, EIA stock accident has been favorable, and the domestic PTA device has been densely packed, which caused the PTA price to pick up, and the polyester filament price pmission still postponed.

Under the condition of shutdown, the supply of PTA is reduced, the intensity of phased inventory increases, and the price of PTA is expected to increase. However, the peak season of downstream is gradually ending, and the intensity is not expected.

Next week, PTA and polyester filament market are expected to run in a warm and volatile market.

Short staple prices continue to decline, demand is still sluggish, Shandong Xiajin area long velvet negotiations offer has dropped to 5500 yuan / ton near.

Domestic dissolving pulp prices show a stalemate, the overall expected is generally below 7500 yuan / ton, individual low is only 7000 yuan / ton nearby.

Entanglement.

There is no new offer for the dissolving pulp outside. It is heard that the broad leaves are expected to be more than $850 / tonne, and the atmosphere is light.

Viscose staple fiber prices have been reduced, by some manufacturers last week, 14000-14500 yuan / ton low dumping, manufacturers of quotations have more or less to comply with the market, high-end mainstream talks today, more than 15500-15600 yuan / ton, the middle end of 15000-15300 yuan / ton, part of the real negotiations still have 200 yuan / ton space.

Viscose filament is weak finishing, the trading atmosphere is light, purchasing enthusiasm is not high, the viscose factory shipments are difficult, inventory has risen, the overall price changes little, but the preferential strength is bigger.

The price of core spun yarn is generally stable. The price of imitation rabbit hair is 24000-24200 yuan / ton with 28S ticket. After the May 1st, some cotton mills feedback the order inquiry atmosphere of the downstream orders, and some of the proofing orders have increased.

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