Iran Oil Tanker Explosion Is The Fuse, Polyester Product Market In The Future Or More Changes Now.

According to the Iran student news agency reported on October 11th, an oil tanker in Iran exploded and ignited near the Jeddah port in Saudi Arabia that morning, resulting in a large number of oil leakage into the Red Sea area. Technical experts say this is probably a terrorist attack.

On the same day, Brent crude oil continued to go up and broke through the US $60 mark, setting a new high since October 1st.

After the national day, polyester raw materials became "stagnant water".

In terms of PTA, PTA futures have been at a low temperature since the explosion of the Saudi oil device in September. Coupled with concerns about the four quarter new installations expected to be put into operation in Hengli and new Feng Ming, PTA recently saw a strong air atmosphere. In October 11th, PTA futures fell 5102 points in midday, down 62 points from the previous trading day.

Ethylene glycol, due to the overall market environment is not good, ethylene glycol has also been obviously empty. In October 10th, glycol futures fell 3%, and in October 11th, the decline in ethylene glycol still exceeded 2%.

Polyester filament yarn, after the national day, polyester manufacturers in order to reduce inventory, conducted a wave of promotional activities, pet prices decline more obvious, polyester DTY 100D/36F fell 750 yuan / ton.

However, there are also some positive factors. After the news of the Iran tanker explosion, the production and sale of polyester were slightly stimulated.

In October 11th, the temperature of the polyester filament Market in Jiangsu and Zhejiang provinces increased, and the overall production and sales increased.

According to statistics, the production and marketing of polyester mainstream factories are concentrated near 130%-140%, and 220% or 300% of them are relatively high.

It can be said that the overall environment of the polyester market is more profitable than profits.

Oil price is only a fuse, and there will be more changes in the future.

In fact, after the Saudi oil device was bombed in September 14th, the PTA and ethylene glycol rally continued only to September 17th. In September 18th, prices of PTA and glycol began to plunge sharply. Relatively speaking, polyester filament has a smaller increase, but the price is more stable than that of PTA and ethylene glycol.

Therefore, whether the last Saudi oil device was attacked or the Iran crude oil was bombed, it only brought an opportunity for polyester industry chain, which may lead to a certain degree of price rise of polyester products, but how long it will last and how much it will rise is determined by some other factors.

Which aspects will have a greater impact on the trend of polyester products?

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Changes in the situation in Iran

First of all, nature is the next situation in Iran. After the explosion, when the technical expert investigated the cause of the explosion, he thought that the incident was "likely to be a terrorist attack". This speculation will undoubtedly aggravate the tension in the Middle East, and there is a certain probability that the international oil price will continue to rise, which will also have a direct impact on the price of polyester raw materials.

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Results of the new round of Sino US trade negotiations

According to Xinhua News Agency on October 11th, local time on the morning of October 10th, the new round of Sino US economic and trade high-level consultations began. During the visit, almost all cloth bosses who had exports to the United States said that the number of us list declined significantly this year, and even more than half of last year. The outcome of this round of Sino US economic and trade consultations is likely to affect the textile tariff and exchange rate issues that textile people are very concerned about.