Yisheng Petrochemical Has Been Manipulated By Real Name Reports. Is The Price Of A Burst Of Friend Circles Just A Flash In The Pan?

In July 2nd, PTA giant Yisheng Petrochemical was reported to be real name: continuous utilization of productivity advantages, through the accumulation of stock and the use of futures tools, manipulating the market, raising the spot price, disrupting the downstream polyester polyester industry and the textile industry's normal production and operation order.

In this regard, the industry said: PTA in the short term or there is a big fall, the specifications of the goods are not recommended for the time being.

In fact, as reported in the letter, Yisheng Petrochemical is not the first time to face a report.

Far from it, in September 4th last year, Yisheng was reported to rely on its oligopolistic status to drive up PTA prices, resulting in a large loss of downstream SMEs. As news came out, PTA opened nearly 3% in the afternoon.

At that time, the person in charge of Yisheng responded: the surge in the price of PTA was mainly due to the uplift of costs and the expansion of profits. Due to the depreciation of RMB in recent months, the import cost of PX increased. The processing cost of PTA rose from 4800 yuan per ton at the end of June to 7250 yuan per ton, and processing fees rose from 800 yuan / ton to 2300 yuan / ton.

No more!

Polyester raw material has gone crazy! Textile boss: speculation! It's all hype!

In July 1st, PTA futures main trading, polyester filament prices rose 200-400 yuan / ton.

In July 2nd, the main force of PTA futures continued to keep trading, and the price of polyester filament increased by 100-300 yuan / ton.

But at the same time, cloth bosses have said that their business has not changed much before, and the reason for the increase in raw material prices is speculation.