January 29Th Market Morning Post: The Smooth Pition Of The Polyester Market In The Early Spring Festival
Varieties | One Price 28 / month | Ups and downs | Company | |
crude oil | WTI | Fifty-one point nine nine | -1.7 | USD / barrel |
Brent | Fifty-nine point nine three | -1.71 | USD / barrel | |
raw material | PX | One thousand and fifty-eight | -17.67 | US dollar / ton |
PTA | Six thousand four hundred and seventy | -40 | Yuan / ton | |
MEG | Five thousand and fifty | -20 | Yuan / ton | |
Polyester filament | POY15D/48F | Eight thousand four hundred and fifty | Zero | Yuan / ton |
FDY15D/96F | Nine thousand five hundred and fifty | Zero | Yuan / ton | |
DTY15D/48F | Ten thousand three hundred and fifty | Zero | Yuan / ton | |
Macro news | The US stock market's "thunder explosion" fell across the board, the NASDAQ fell more than 1%, and NVIDIA lowered its revenue guidelines by more than 18%, and its share price dropped by nearly 14%. The difference between Caterpillar's fourth quarter earnings and market expectations was the largest in ten years, and its share price fell by over 9%. Saudi Minister of energy revealed that Russia promised to accelerate production cuts, and international crude oil still hit a two week low. After the announcement, the United States announced sanctions against Venezuela's oil companies, and oil prices narrowed to less than 3%. | |||
Forecast today | At present, the loom starts near 30%, and the buyers are more off the market. The polyester filament market is deserted. With the opening of the Spring Festival, the supply of polyester has been reduced, and the market has entered a state of no market price. It is expected that the polyester market will have a smooth pition and a stalemate operation in the early spring festival. | |||
Industry start up rate | ||||
industry | One 25 June | One 28 June | change | |
PTA | 80.62% | 84.18% | +3.56% | |
polyester | 77.29% | 76.32% | -3.62% | |
Jiangsu and Zhejiang looms | 42% | 33% | -9% | |
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