The Upstream Atmosphere Good Polyester Staple Market Prices Are Expected To Rise.

According to the price data of business associations, by December 14th, the average price of 1.4D*38mm polyester staple fiber was 7074 yuan / ton, up 1.43%, or 100 yuan / ton, down 23.41%, or 2162 yuan / ton. Dachang quotation generally rose, the price remained at 7000-7200 yuan / ton, very uniform.

According to the Xinhua news agency, the Sino US trade has basically reached an agreement on the first stage of the trade agreement. On Friday, the Sino US negotiations have made positive progress. The US side has promised to cancel some of the duties imposed on China and impose additional tariffs, and will increase the tariff immunity to China. Subsequently, Trump said that the United States will not impose new tariffs on the United States. The Sino US trade dispute has caused global economic growth to slow down, resulting in a slowdown in global oil demand growth. The good result of this negotiation made international oil prices rise to a new high in three months, and the settlement price of WTI for the first time in three months exceeded US $60 for the first time.

This week PTA main futures (2005) rose narrowed to 4914, up 119 yuan from the beginning of the week. The spot price of PTA is close to 4875 yuan / ton, the production cost is about 4320 yuan / ton, and the processing fee is 480 yuan / ton. Helen Petrochemical's 1 million 200 thousand ton plant is scheduled to be overhauled in late December; the Hon Bang Petrochemical 2 million 200 thousand ton plant entered the overhaul in December 10th and planned to overhaul for 10 days; the chemical failure of Chuan can be stopped in November 1st, the current load rate is about 8, and the new 1 million 200 thousand ton PTA plant in Xinjiang is planned to be put into operation near December 20th. At present, the PTA industry starts up to 92.89%. Jiangsu and Zhejiang polyester production and marketing is light, Jiangsu and Zhejiang looms comprehensive boot rate is 70%, polyester plant maintenance increased, the boot rate dropped to 86.88%.

The average price of downstream polyester yarn was 14420 yuan / ton in December 14th in Shandong, and there was little change in price in the past two months. The middle end factory quoted 13700-14200 yuan / ton, and the high-end factory quoted price of 15000-15300 yuan / ton. The yarn market is cold as a whole, the stock of the enterprise is large, and the capital chain can not be turned around. Many manufacturers have left early to ease the pressure. The main reason for the slow changing yarn is the large impact of imported yarns. The competitive strength of the outer yarns is strong from the price performance ratio, resulting in the impact of domestic yarn. In addition, viscose staple fiber and cotton performance this year is not warm, manufacturers concentrate on inventory, prices have been slow down.

To sum up, business analysts believe that upstream oil prices are showing a trend of upward trend because of the improvement of the macroeconomic situation. PTA has limited growth in recent days, new production capacity is expected to be launched and enterprise maintenance is restarted, plus many enterprises overhaul, supply and demand trend is weakening, PTA is expected to continue weak pattern; downstream yarn due to upstream cotton and viscose influence, plus inventory high, prices are declining all year round. It is expected that the price trend of polyester staple will follow crude oil in the later stage, and it will rise slightly in the short term, or about 300-400 yuan / ton.