January 16Th Market Morning Post: Strong Cost Support, But Weak Downstream Demand PTA Price Shocks
1. yesterday's market and Forecast:
Yesterday (January 15, 2019) PTA futures market shocks rose, spot prices rose slightly, the market negotiated price of 6300-6350 yuan / ton, yesterday Yisheng Ningbo 700 thousand tons / year and 2 million 200 thousand tons / year PTA device stopped suddenly due to sudden electricity, the operating rate dropped to 80.02%, has a certain impact on the market.
Crude oil has been rebounded by the impact of tax reduction and other systems. The cost of PX is still strong support. However, the downstream polyester has entered the production reduction time, the operating rate has declined slightly, and the demand for PTA has further weakened. It is expected that the PTA price will be oscillated in the short run.
2. upstream market:
(1) crude oil: closing on January 15th: China says it will introduce economic incentives such as tax cuts. Global economic and oil demand expectations have been boosted, and international oil prices have rebounded sharply.
WTI52.11 rose 1.60; Brent 60.64 rose 1.65 dollars / barrel.
China's SC main force fell 1903 to 3.5 yuan to 416.2 yuan / barrel.
(2) on PX:1 15, the Asian PX market closed at 1054.42 US dollars / ton FOB Korea and 1074.42 US dollars / ton CFR China, up 3.42 US dollars / ton compared with the previous trading day.
- Related reading
January 16Th Morning Market Report: Caprolactam Continues To Rise And Remain Difficult.
|
January 16Th Market Morning Post: Polyester Filament Or Continuation Of The Stalemate Pattern Stable Offer
|
January 16Th Market Morning Paper: Polyester Staple Prices Are Expected To Be Stable.
|
- Industrial and commercial tax | 土耳其欲對中國紡織品加征20%關稅
- Industrial Cluster | 產業遇反傾銷事件的遐想
- Personnel and labour | Building Competitive Advantage With Human Capital As The Core
- Design Institute | The British University Of Texas Has Become A New Member Of The Donghua Fries Cooperation And Exchange Institution.
- Power flow analysis | 讓客人穿上合身的衣服
- Fashion Bulletin | Revealing Hongkong'S "First Tide Mother" Hilary Tsui'S Personality Dressing
- science and technology culture | Japanese Rubber New Material "Touches Magnetism" Becomes Hard
- Industry dynamics | 休閑茄克布款增量升
- Staff world | A Paper Mill In Fuyang, Zhejiang, Two Workers Accidentally Fell Into A Pulp Pond And Died.
- Personnel and labour | Several Aspects That Should Be Paid Attention To In Career Choice
- January 16Th Morning Market Report: Caprolactam Continues To Rise And Remain Difficult.
- January 16Th Market Morning Post: Polyester Filament Or Continuation Of The Stalemate Pattern Stable Offer
- January 16Th Market Morning Paper: Polyester Staple Prices Are Expected To Be Stable.
- January 16Th Market Morning Post: PX Late Supply Has A Downward Trend, Prices Continue To Narrow Or Pull Up.
- Wearing A Coat And Flat Shoes This Year Is Very Popular.
- Italy Luxury Brand Fendi Announces That Wang Jia Er Is China'S Brand Ambassador.
- 12 Batches Of Household Textiles Sampling Inspection Failed To Purchase 4 Points To Note
- Four Maintenance For Woolen Coat
- Direct Spun Polyester Staple Fiber: Tight Supply, But The Market Needs To Be Treated Cautiously.
- Careful Preparation Of Polyester Staple Before Holiday In The Main Yarn Producing Area Of China