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January 10Th Market Morning Paper: Polyester Staple Prices Are Rising Narrowly, But The Expected Increase Is Limited.
| Varieties | January 9th price | Ups and downs | Company | |
| crude oil | WTI | Fifty-two point three six | +2.58 | USD / barrel |
| Brent | Sixty-one point four four | +2.72 | USD / barrel | |
| raw material | PX | One thousand and forty-one point one seven | +36.5 | US dollar / ton |
| PTA | Six thousand two hundred and eighty | +100 | Yuan / ton | |
| MEG | Five thousand one hundred and eighty-five | +35 | Yuan / ton | |
| Psf | Jiangsu and Zhejiang market | 8550-8700 | +25 | Yuan / ton |
| Fujian Market | 8650-8700 | Zero | Yuan / ton | |
| Shandong and Hebei markets | 8700-8850 | Zero | Yuan / ton | |
| downstream | T32S | 13200-13300 | Zero | Yuan / ton |
| T40S/2 | 17800-17900 | Zero | Yuan / ton | |
| Macro news | Fed dodge minutes to boost the market, however, the United States government closed down the haze continued, Trump said negotiations with the Democratic Party to end the closure of the government is a waste of time, the U.S. stock market rose narrowed. S & P rose 0.4%, the Dow rose four times, and the NASDAQ rose 0.87%. Tesla rose nearly 1%, Amazon rose 0.2%, Apple Rose 1.7%. US oil rose 5% and entered the bull market. The US dollar fell sharply and the offshore renminbi broke 6.81. | |||
| Forecast today | The trade situation between China and the United States eased, and Saudi Arabia's push for production cuts continued. Overnight oil prices rose sharply, and PX rose 36.5 US dollars. PTA futures market continued to rally. Dacron staple market cost support was strong, price or narrow trend was rising. But considering the high cash flow and buying up and follow-up efforts, the expected increase was limited. | |||
| Industry start up rate | ||||
| industry | January 8th | January 9th | change | |
| PTA | 74.88% | 74.88% | 0% | |
| polyester | 83.23% | 83.23% | 0% | |
| Psf | 82.18% | 82.18% | 0% | |
| Jiangsu and Zhejiang looms | 65% | 65% | 0% | |
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