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    Review And Outlook Of PET Staple Market During National Day Holiday

    2019/10/8 12:58:00 32

    Polyester Staple Fiber

    Before the national day, polyester staple fiber suppliers continue to give up promotions, and the inventory level of enterprises is at a low level. However, during the holiday season, the market was scarce, and the level of factory inventory increased after the holiday. However, due to the limited stockings in the lower reaches of the festival, the post holiday market is facing some rigid demand, and there is a big factory overhaul plan for PTA. The cash flow of short staple fibers has already lost money.

    Price changes of upstream related varieties before and after National Day

    Varieties

    Company

    Nine 30 June

    Ten 1 June

    Ten 2 June

    Ten 3 June

    Ten 4 June

    Ten 7 June

    WTI

    USD / barrel

    Fifty-four point zero seven

    Fifty-three point six two

    Fifty-two point six four

    Fifty-two point four five

    Fifty-two point eight one

    Fifty-two point seven five

    Brent

    USD / barrel

    Sixty point seven eight

    Fifty-eight point eight nine

    Fifty-seven point six nine

    Fifty-seven point seven one

    Fifty-eight point three seven

    Fifty-eight point three five

    PX

    US dollar / ton

    Seven hundred and ninety-four point one seven

    Seven hundred and eighty-nine point three three

    Seven hundred and eighty-nine point two five

    Seven hundred and eighty point five

    Seven hundred and eighty-nine point three three

    Eight hundred and two point three three

    As shown in the above table, the crude oil in the holiday period showed a general downward trend, but PX first suppressed and then raised, and the closing price in October 7th was slightly upward. And the first trading day after the PTA Festival is the news of overhaul of PTA factory, or the PTA price will form a short-term boost.

    And before the beginning of the festival, cotton mills and other enterprises in the other fields have little stocking efforts.

    On the whole, the production and marketing of the holiday market is generally dull. The stock level of polyester staple fiber enterprises has increased. Some of the stocks in the post holiday section are too large. Some enterprises may still sell some promotions. However, at present, most of the cash flow of the enterprises is losing money. In addition, the maintenance of the PTA factory or the short-term boost of its price, it is estimated that the price of polyester staple fiber has no obvious decline.

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