At Present, PTA Has Already Recalled About 5% Of The Increase.

In mid July, the spot market price of PTA had risen by 10% a week, and the profit of theoretical production also reached 503 yuan / ton of the weekly average (a new high weekly profit in 4 and a half years), but the speculation rate lasted for only a week. At present, PTA has already recalled about 5% of the increase.

The speculation has lost the support of demand and will be returned sooner or later.

According to statistics, the average daily production and sales of polyester filament in early July, mid and late are 101%, 76% and 51% respectively. The production and sale of polyester filament is very clear. Since July 13th, polyester filament production and marketing has been in a low slump, and polyester factory has held two "4+2" industry meetings.

This year, the pressure of environmental protection is greater, and many water jet looms at the terminals are forced to stop. The continuous high temperature in Jiangsu and Zhejiang provinces has caused the loom load to drop to 60% or once again, which has affected the production of dyed factories and even garment enterprises, and the demand has dropped.

PTA cargo less good, the release is almost exhausted, Hengli petrochemical 1#220 million tons / year PTA device plans to restart around August 10th, in recent months, the maintenance plan of the PTA device production capacity is small, and PTA current profit can still PTA factory maintenance intention is low, and faced with the decline in demand for bad hedge, it is expected that later PTA supply will gradually become sufficient.

The good market is the decline of the US dollar index and the rise of crude oil, which is a good commodity market mentality.

In addition, China's infrastructure and capacity are likely to continue to push up the price of black futures, to a certain extent, to promote the overall strength of industrial futures.

The uncertainty of the market is whether there will be unexpected PTA devices in August, because there is not much PTA spot and the delivery of the main futures contracts in September is approaching. If the unexpected events are favorable, the futures multi funds will probably be re launched to TA1709 futures.

Local shocks and glides, C32S, JC60S and other relative demand is better, other specifications are lighter.

Pure polyester yarn trading atmosphere in general, a slight decline in prices, of which T45S trading volume is better, other specifications are relatively stable.

The price of human cotton yarn is stable, which is larger than that of R30S.

Polyester cotton yarn has a general turnover.

Polyester and viscose yarn 40S/2 trading volume is slightly better, the price is basically stable.

At present, the stock of cotton mill has been increasing step by step, most of which are about 25 days.

Local slight reduction, and depending on the sales of different specifications, there is a phenomenon of conversion, the overall late orders follow up efforts are not good, manufacturers lack confidence in the market outlook.

Conventional cotton yarn is still weak, Xiaoshao C32S mainstream price of 23000-23400 yuan / ton, old customers sporadic small single take goods mainly for the market confidence is not good.

Sheng Zechun polyester yarn price steady and weak finishing, of which 32S quoted 12200 yuan / ton, 45S quoted price 13200 yuan / ton, individual specifications sales volume is relatively good.

Polyester cotton yarn is also weakening, orders are not good, prices are weak, a factory in Shandong T65/C3540S high blending price 18000 yuan / ton, manufacturers started to slightly lower.

Low demand dominates the market, unless the PTA device is reacted well, otherwise the short term is expected.

Concussion is the main factor.

Oil prices are strong, but pet market has not been followed up. Raw materials are still in order. Recently, polyester staple fiber downstream factories have little intention of trading with traders, but the whole group is still cautious.

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

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