Price Trend And Future Forecast Of Chemical Fiber Raw Materials (11-15 March 2019)

Polyester filament: the average price of polyester filament rises this week, but the overall stop is rising steadily.

Hengli PX new projects to achieve full process in the full moon, to a certain extent, to suppress the confidence of participants in the market, PTA spot spot overall weak shocks.

Another raw material MEG port high inventory has not yet been substantially digested, and is still facing a strong sell-off.

Upstream raw materials have a negative impact on polyester related products, plus sufficient raw materials for terminal bomb and weaving factories, polyester production and sales data generally fall down, and polyester filament runs smoothly.

Forecast: next week, polyester filament or weakening adjustment.

The reduction in supply caused by Saudi Arabia's output reduction obviously boosts the current oil price. The US sanctions against Iran and Venezuela aggravate the reduction of oil market supply, and there is room for further increase in international oil prices.

But at present, the industry's focus is on whether the new capacity of Hengli Petrochemical 2 million 250 thousand tons / year can achieve PX output in March 20th.

Coupled with the abundant stocking and weaving factories in the downstream, the production and sale data of polyester filament are difficult to rise effectively, and the overall or weak adjustment is made.

Spandex: this week's Spandex keeps on going.

At the beginning of the week, the price of the spandex was welcomed. As the price increase was not yet fully implemented, most manufacturers gradually raised their quotations, and the actual paction price also gradually increased. In addition, the supply of the manufacturers was stable, and the downstream terminals continued to purchase just now.

Forecast: Spandex continued to explore this week, and the atmosphere in the field is good.

Upstream raw material shocks fluctuate, cost side support increases, spot supply is still abundant, but downstream terminal is slightly more active, and more needs to be maintained.

Jiangsu and Zhejiang 40D spandex mainstream discussion reference 32000-33000 yuan / ton, cautious view of the city.

Spandex is expected to run smoothly in the short term and take the initiative to take the goods.

Polyester chips: polyester chips are running weak this week.

During the week, the main raw material PTA fell sharply, slicing cost support was weak, thus affecting the atmosphere of the paction, production and sales fell, but the cash flow picked up, supporting most factories quotations. Most of the factory quotations were stable during the week, the negotiation space was enlarged, and the focus of the paction was slightly explored.

At the close, the price of semi gloss chips in Jiangsu and Zhejiang was 7975 yuan / ton, up 250 yuan / ton compared with last week.

Forecast: next week, the PTA circulation supply is relatively concentrated to support the spot base price, and the spot price decreases or narrowed. In the short term, it is expected that PTA will continue its weak arrangement in the short run.

Ethylene glycol spot purchase intention is acceptable. It is expected that ethylene glycol will continue to be vulnerable to shocks next week.

After last week's PTA surge, the downstream stockpiling can be enough to use at the end of the month, so slicing demand is still weak next week. In the short term, if polyester chips lack further favorable news stimulation, it is expected or is still weak and collated, and the mainstream spot will be negotiated around 7900-8100 yuan / ton.

Viscose staple fiber: during the exhibition, viscose staple fiber relative to wait and see, the recent price fell frequently, the price of cotton yarn fell, the yarn business risk digestion of raw materials, viscose staple fiber field is very few, the enterprise generally hold strong sales desire, the price of the field is messy, plus, enterprise progress makes profit.

Rumors of low and low end about 12100 yuan / ton (Cheng Dui), there is a business view of the city, the temporary collection of about 12600-12700 yuan / ton (Cheng Dui), slightly higher about 12800-13000 yuan / ton (Cheng Dui).

Forecast: it is heard that there are medium and low-end viscose staple fiber enterprises to make a profit of about 12100 yuan / ton (Cheng Dui) to urge shipments, and the rest of the enterprises in the industry hold the expectation of making profits with the drop, or the high-end price or 12400-12700 yuan / ton (Cheng Dui). Under the pressure of loss, the progress is down or slightly, or the yarn enterprises and businesses have a moderate bottom.

Human cotton yarn: viscose staple fiber prices fell frequently, the price of cotton yarn fell, the price was messy, trading volume and price were weak, the industry mentality was empty, and the market outlook was still bearish, and yarn companies had reduced the output of cotton yarn.

Shandong, Jiangsu R45S cash to 20600-20700 yuan / ton, the venue is lower 20300 yuan / ton, Shandong R30S cash 17700 yuan / ton up and down, R60S yarn business about 23500-24000 yuan / ton.

Forecast: viscose staple fiber enterprises continue to give profits to promote sales of goods, or yarn enterprises to moderate bottom, also have yarn enterprises still hold raw materials, still looking around, the cost and demand are weak, yarn price center is bearish.