The Market Is Booming Again. Polyester Factories Are Enjoying The Last "Bonus Period" Before The Spring Festival.

Polyester industry chain is rising all the time.

Crude oil, the 21 day multiple positive oil market, by the Sino US trade and crude oil production decline is expected to impact, the European and American market time period after the shock of oil prices rose straight.

As of January 18th closing, WTI rose 1.73 to 53.8, while Brent rose 1.52 to 62.7.

SC main contract 1903 rose 2.7 to 424.8 yuan / barrel, night plate rose 12.2 to 437 yuan / barrel.

PTA: driven by the rise of crude oil, nearly two days later, PTA showed a "three Lian Yang" trend. After the opening of January 21st, PTA futures started a hurricane.

As of January 21st closing, PTA futures contract 1905 ended at 6426 points, up 306 points from the previous trading day, or 5%.

Ethylene glycol: by the impact of rising crude oil and downstream polyester production and marketing, glycol has also started to rise sharply in recent years.

In January 21st, the 1906PTA contract for ethylene glycol futures closed at 5273 points, up 122 points from the previous trading day, or 2.37%.

Polyester filament yarn: since last weekend, polyester production and marketing has changed to a declining trend in the past, and production and marketing remained high for many consecutive days.

In the context of high production and marketing of polyester, the price of polyester filament has also risen steadily, with an increase of 100-200 yuan / day.

21, Jiangsu and Zhejiang polyester plant polyester quotation is welcomed by the general inflation!

Tongxiang direction: Tongxiang's mainstream factory has 100 polyester and 100 polyester in Tongxiang.

Jiangsu direction: polyester factory in Jiangsu has increased by more than 100-200 since the end of the week. A factory in Huzhou today is FDY steady, DTY has risen by 100; FDY in Wujiang has increased by 100 today; polyester factory in Taicang has increased 200 from POY on Saturday, and FDY in Wuxi one factory is up 50 today; Taicang factory has POY POY up to 200 on Saturday.

Shaoxing direction: FDY of Shaoxing factory increased by 50-150; FDY of another factory in Shaoxing increased by 50 today.

Xiaoshan direction: a factory polyester POY, FDY, DTY jumped 100; Zhejiang factory POY rose 50-100; Zhejiang another factory polyester 100; Zhejiang a big factory today silk price increases; Zhejiang factory DTY weekend up 100-150; Zhejiang factory DTY part of the 50-100 increase, business negotiations;

Analysis of the reasons for the good market is nothing more than the following:

First, there is new news in the US China trade negotiations. China intends to increase imports of US goods in the next 6 years until the trade surplus with the United States is reduced to 0.

This will fundamentally change the trade structure of the two countries.

With the news, US stocks rose rapidly, which also supported crude oil and other risky assets.

Secondly, the US oil service company Beck Hughes released data at the wee hours of the week. As of the week of January 18th, the number of active drilling in the United States dropped by 21 to 852, and recorded a decline for the three consecutive week and the largest weekly decline since February 2016, which boosted the oil market.

Finally, the telephone conference held by Saudi and Russian energy ministers on Friday encouraged confidence in the long term.

The results of the talks show that the two sides are actively cooperating with the reduction of production. Russian energy minister Novak pointed out that he will hold talks with Saudi energy minister Falich at the Davos Economic Forum held in from January 22nd to 25th to jointly strengthen production reduction cooperation.

In the near future, part of the polyester plant will enter the shutdown phase of the Spring Festival before entering the Spring Festival. According to statistics, as of last Friday, the amount of maintenance and repair has been around 5 million 120 thousand tons, and the conversion rate of polyester plant has decreased by 9.4%.

The sharp reduction in market supply and the low profit margins of polyester products at present are also the reason for the market to boost product prices.

Generally speaking, at the end of each year, weaving relieved, because the hollow period with the stagnation of traditional Spring Festival production will advance 1-2 months' raw material inventory. According to market visits, the habit of stocking has not changed this year, and most weaving enterprises will have the demand for raw materials this month.

Most of the weaving enterprises will have a concentrated holiday this week, while the previous production volume is still deviating from the expectation, while the weaving market generally has the effect of rising or falling. Therefore, with the rising of raw materials, the weaving mood of the weaving enterprises in the last few days has been driven.

In general, in the case of raw materials such as crude oil and PTA, the polyester polyester price is expected to rise this week under the anticipation of stocking in downstream weaving factories.