February 22Nd Market Morning Post: Polyester Chip Market Trend Concerns Downstream Demand
industry | product | Area / unit | Previous price | Current price | Ups and downs | ||
crude oil | WTI | USD / barrel | Fifty-six point seven six | Fifty-six point nine six | -0.20 | ||
BRENT | USD / barrel | Sixty-seven point zero eight | Sixty-seven point zero seven | -0.01 | |||
polyester | PX | CRF China (US $/ ton) | One thousand one hundred and eleven point three three | One thousand one hundred and twenty-two point three three | +11 | ||
PTA | Inner East China | Six thousand four hundred and thirty | Six thousand four hundred and seventy-five | +45 | |||
MEG | Inner East China | Four thousand nine hundred and twenty-five | Four thousand nine hundred and fifty | +25 | |||
Section | Semi optical section | Seven thousand and nine hundred | Seven thousand eight hundred and fifty | -50 | |||
Bright section | Seven thousand and nine hundred | Seven thousand eight hundred and fifty | -50 | ||||
Focus News | One Europe and the United States economic data is not good, the NASDAQ stopped rising eight times, vip.com fell nearly 14%, the US dollar rose, the US debt fell. | ||||||
Two In February, the euro zone's manufacturing PMI fell below the ups and downs line, hitting a 68 month low; the ECB's January summary: considering the provision of a new round of cheap long-term loans for banks, trade conflicts are increasingly affecting economic growth. | |||||||
Three The ECB's January summary: consider providing banks with a new round of cheap long-term loans, and trade conflicts are increasingly affecting economic growth. | |||||||
Four China Central Bank's fourth quarter monetary policy implementation report: guiding the central interest rate of money market interest rate downward, monetary policy steady but no longer mention "neutral", first mention six big lines | |||||||
Five On Thursday, the Central Bank of China issued PSL 71 billion 900 million yuan, and no repurchase on that day. | |||||||
prediction | The 70 city housing price index will be released in January. | ||||||
Industry Overview | Raw materials increased slightly, stock market of polyester chip increased, real single discount increased, production and marketing was low, and downstream demand strength was weak recently. If downstream demand rose, polyester manufacturers' inventory digestion was still fast. Short term polyester chip industry is expected to wait and see. | ||||||
Industry start up rate | |||||||
industry | Two 20 June | Two 21 June | change | ||||
PTA | 86.91% | 86.41% | -0.50% | ||||
polyester | 84.16% | 84.43% | +0.27% | ||||
Jiangsu and Zhejiang looms | 54% | 58% | +4% | ||||
Remarks: the PTA effective capacity base is 49 million 290 thousand tons, and the polyester production base is 55 million 350 thousand tons (100 thousand tons of's short fiber in New Year).
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February 22Nd Market Morning Post: Polyester Staple Production And Marketing Continued To Slack Prices Or Downward Space
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February 21St Morning Market Report: Pure Polyester And Cotton Yarn Are Kept At A Steady Price.
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