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    January 22Nd Market Morning Post: Polyester Staple Fiber Prices Or Follow Strong Raw Material Operation

    2019/1/23 10:33:00 20

    Polyester Staple Price

    Varieties

    January 21st price

    Ups and downs

    Company

    crude oil

    WTI

    -

    -

    USD / barrel

    Brent

    Sixty-two point seven four

    +0.04

    USD / barrel

    raw material

    PX

    One thousand and ninety-two point five

    +22.5

    US dollar / ton

    PTA

    Six thousand five hundred and twenty

    +195

    Yuan / ton

    MEG

    Five thousand one hundred and five

    +110

    Yuan / ton

    Psf

    Jiangsu and Zhejiang market

    Eight thousand and eight hundred

    +125

    Yuan / ton

    Fujian Market

    Eight thousand eight hundred and fifty

    +150

    Yuan / ton

    Shandong and Hebei markets

    Eight thousand eight hundred and fifty

    +25

    Yuan / ton

    downstream

    T32S

    13200-13400

    +50

    Yuan / ton

    T40S/2

    17900-18000

    +100

    Yuan / ton

    Macro news

    China's macro-economic data in December were slightly warmer, with above scale industrial added value and retail sales of consumer goods exceeding expectations.

    China's GDP growth rate was 6.6% in 2018, achieving the expected development target. The fourth quarter GDP growth rate reached a low of nearly ten years.

    China's demographic dividend weakened: the birth rate was the lowest in 2018, and the labour force fell for the first time.

    Forecast today

    The PTA futures market continued to rise, while the short term tight situation of polyester staple enterprises is still difficult to alleviate, and prices or raw materials are running strong. However, the downstream market has gradually entered the closing market, and the enthusiasm for high price short and short chase is limited.

    Industry start up rate

    industry

    January 18th

    January 21st

    change

    PTA

    77.22%

    81.60%

    +4.38%

    polyester

    81.59%

    80.83%

    -0.76%

    Psf

    80.49%

    78.70%

    -1.79%

    Jiangsu and Zhejiang looms

    55%

    55%

    0%

    Note: PTA capacity base is 51 million 290 thousand tons statistics, polyester capacity base of 54 million 860 thousand tons statistics, polyester staple capacity base of 7 million 371 thousand tons statistics.

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    January 22Nd Market Morning Post: Polyester Chip Quotes Slightly Raised, But Not Enough To Catch Up With High Prices.

    Double raw materials rose continuously to boost the confidence of polyester market. Yesterday (January 21, 2019) PET chip quotations were slightly raised, but the margin was limited. near

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