Price Trend And Future Forecast Of Chemical Fiber Raw Materials (18-22 February 2019)

Nylon (February 2019 18-22): nylon has been steadily rising this week with caution.

As of Thursday, China Eastern half light DTY70D/24F mainstream consultation reference 20800-21500 yuan / ton, half light FDY70D/24F mainstream reference 18500-19500 yuan / ton, half light POY86D/24F mainstream reference 17800-18500 yuan / ton.

Weekly ring ratios were 2.78%, 2.70% and 3.54% respectively. The average price of nylon yarn weekly was 21070, 19000, 18120 yuan / ton respectively, up 570, 500, 620 yuan / ton respectively.

This week, nylon continued to rise, the upstream raw material trend improved, cost support pressure increased, nylon manufacturers started stable, stable supply on the site, the downstream terminal after the Lantern Festival gradually resumed work, but the need to follow up to be improved, the overall temporary prudent view of the market.

Forecast: this week, nylon keeps up with the rise, and the upstream raw material is strong, and the cost side is good. The nylon yarn manufacturer is boosted by its good performance and strong upward after the offer rises. But because the downstream terminal has not resumed normal operation, the demand follow-up is still lagging behind, and the parties in the field are more cautious.

The mainstream price of nylon filament DTY is 21000-21500 yuan / ton, and the price is about 19000-19500 yuan / ton; the mainstream price of staple fiber is 16500-17500 yuan / ton for the mainstream price of FDY.

It is estimated that short term nylon yarn turnover will be stronger and the trading will be cautious.

Viscose staple fiber (February 2019 18-22): Week viscose staple fiber enterprises generally stable, orders for delivery, limited, low factory prices are relatively reluctant to sell, and the factory price is relatively limited before the Spring Festival, the difference between the business operators, the mentality of the wait-and-see, there are factory new line products pricing, sales, closing, the middle end of the factory price of 13300-13400 yuan / ton (Cheng Dui), high-end real single 13600 yuan / ton (Cheng Dui) nearby, understand that there is a factory start-up price of about 12900-13000 yuan / ton (Cheng Dui).

Forecast: viscose staple fiber enterprises to smoothly fulfill orders, or still operate strong, pay attention to individual low price enterprise inventory and price movements, material market is still rigid demand, market price center of gravity or fluctuation is limited.

Polyester filament (February 2019 18-22 days): polyester filament market this week, a weak market.

During the week, international oil prices continued to rise and increased significantly, which had a positive impact on the market of polyester related products.

But polyester raw materials PTA, MEG shock adjustment, market rebound drive insufficient.

At the same time, the opening rate of terminal textile has not been restored and the stocking before the festival is relatively adequate. The data of polyester factory production and sale are continuously weak, and the level of industry inventory tends to increase, which leads to the weakness of polyester filament market.

Forecast: at present, the support for oil price reduction is gradually declining. The optimistic expectation of Sino US trade negotiations has become the key driving force for driving oil prices, and has a positive impact on polyester related products. In addition, the supply and demand relationship of polyester filament has been improving with the gradual recovery of the start up rate of elastic and weaving factories.

Polyester filament market is expected to be stable or better next week.

Polyester chip (February 2019 18-22): polyester chips this week narrow range of weak shocks.

This week, the price of raw materials is narrow, and the cost of slice is not favorable. In addition, the current slicing and downstream factories are not willing to take delivery, and the trading volume is light. Under this influence, the slicing factory has no obvious price adjustment intention. Many quotations are stable during the week, and some slight adjustments have been made.

Forecast: next week, the PTA will be warmer and more volatile by cost side support, but the increase will be dragged down by demand. Ethylene glycol is supported by cost side and macro level. It is expected that the next week's shocks will be strong and slice cost will be supported.

Supply and demand side, although next week slicing overall supply will continue to increase, and downstream factories have resumed work, but there are still pre - harvest raw materials inventory, overall stock intention slightly general.

In the later period, the factors of good profit in the slicing area are all preserved. Therefore, it is expected that the chips will be sliced next week or will be sorted out.

Polyester staple fiber (February 2019 18-22): this week, direct spinning polyester staple fiber price shock finishing, no significant fluctuations.

PTA shock finishing, the overall showing "up to down" phenomenon, ethylene glycol after a narrow rebound, and on the basis of cost side shock finishing, polyester staple fiber prices fluctuate without a large margin, narrow shock finishing.

This week after the first month of fifteen, the resumption of the downstream operation speed was accelerated, but now the downstream goods are purchased with the purchase, mainly based on rigid demand.

Demand side, this week is still weak.

This week, most of the polyester staple factory restarts were completed, and the operating rate of the industry basically recovered to pre - Holiday levels, followed by a focus on downstream procurement nodes.

Forecast: the cost side tends to be warmer and collated. As a cost oriented product, the cost is rising or the price of polyester staple fiber will be boosted.

With the pace of downstream operation accelerating, demand side is expected to turn for the better next week, but it may take about March to recover to the previous level.

It is expected that the price of polyester staple will be warmer next week.

Next week, the price of PET staple will be sorted around 8800-8950 yuan / ton.