Polyester Industry Chain Recent Stock Market: Polyester Filament Three Consecutive UPS

September 15th, 250%, 160%, 300%, 200%...

September 16th, 450%, 350%, 400%, 300%...

September 17th, 220%, 120%, 130%, 150%...

The mainstream production and marketing of polyester market has finally ushered in the "three consecutive ups".

Polyester filament as polyester industry chain "flow capacity", indeed to the textile market has brought great boost confidence!

On the morning of Saturday (14), two oil installations in Saudi Arabia, known as the world's most important oil refining platform, encountered UAV attacks and caused fires. It is understood that the attack caused Saudi Arabia to close half of its oil production, which accounts for about 5% of the world's daily oil output. The news really surprised the market.

Compared to the quiet seven or eight months, the news brought a lot of noise to the polyester industry chain in September. Polyester industry chain each product rally has been on-line, whether it is PX, PTA or ethylene glycol, polyester filament, all played a beautiful "turn around"!

One, polyester filament finally broke the "one day tour" curse, the volume and price rise!

Under this wave of "crude oil warm current", the polyester filament market has broken the short "one day tour" curse, no matter the price center of gravity or the production and marketing. The mainstream manufacturers of polyester showed a steady increase in two consecutive trading days, and the average daily output of mainstream manufacturers increased to 50-150 yuan / tonne. From the specific data, the price of the mainstream products has finally been washed away for nearly a month on the low side, returning to the upward trend, and the price rebounded to the middle and late July.

Similarly, nearly three trading days, polyester mainstream production and marketing is gratifying. On the 15 day, production and sales have risen to 120%. With the surge of crude oil, the market atmosphere of the polyester filament Market in Jiangsu and Zhejiang provinces continues to boom, and production and sales surges. According to statistics, the production and sales of polyester mainstream factories have climbed to 260%-270% near 16, and some of them have reached 350% or even 450%.

The reason is that part of the weaving factory is in the mood, and in a bullish mentality, the enthusiasm for purchasing has been significantly improved, so that we can buy large quantities of raw materials in order to avoid the rising price of raw materials in the future market. There are still a few weaving factories due to lack of stocking before mid autumn festival, there are certain procurement needs after the festival. For whatever purpose, the mainstream production and marketing of polyester has indeed improved significantly.

Two, ethylene glycol amazing, the first time in the year to close the price difference between PTA!

In this round of rally, the most outstanding performance is ethylene glycol. Once "can't afford to fight", it suddenly ushered in the "flip" market. On the 16 day, chemical commodity futures jumped to a higher level and the trend of ethylene glycol was particularly eye-catching. The main contract 2001 was close to the opening price of the trading limit. After a brief investigation, the rally was regained, and the final closing was at 4993. On the 17 day, the surface of glycol futures continued to go up and down, and the main contract was also closed within two hours of opening.

Since the beginning of this year, the glycol market has been running in a weak way, and the gap between PTA and the market has been fading away. It is particularly fortunate that in this wave of rising prices, the price of ethylene glycol finally reached the PTA price for the first time in the year.

However, according to our past experience, from the upstream market or the macro level and other favorable factors, the promotion of polyester filament or PTA and ethylene glycol market is only temporary. From the 16 and 17 day market price rise, futures gains and mainstream production and marketing and other aspects of comparison, rising momentum seems to have shown signs of weakening.

01

The chain reaction promoted by cost side is short-term behavior.

Now, the most important aspect of the market is the recovery of Saudi oil production capacity. However, market participants expect that the possibility of short-term recovery is not great; therefore, there are many uncertainties in crude oil, which may still support the high operation of crude oil prices. But from a fundamental point of view, market researchers can also find that most textile practitioners believe that the market of PTA, ethylene glycol and polyester filament is short-term. It is a chain reaction driven by cost side.

02

In the long run, the fundamentals of supply and demand remain the key.

In the long run, returning to the fundamentals, as far as the current market is concerned, both PTA factories and polyester factories are at a high level and the supply pressure is expected to increase. On the PTA side, the overhaul of Dachang has not been implemented yet. The new supply capacity of the new Feng Ming, Hengli and Xinjiang Zhongtai industries is expected to increase or increase in the future. In the final analysis, the focus is still on the terminal market. If the downstream weaving and garment industry fails to improve in a timely manner, the demand side can not be improved, which naturally will have a restrictive effect on the polyester industry chain.

Polyester filament market can continue to pull up, whether the production and marketing can continue high, is still determined by demand. Looking forward to the next "golden nine silver ten", there will be more market, so that the textile market is more stirring.