Downstream Cautiously Wait-And-See Atmosphere -- Daily Chemical Fiber Market Bulletin (2.25)

　　 Raw material Market

1. Shanghai international energy trading center SC2004 contract opened at 397 yuan / barrel, the highest reported 399.7 yuan / barrel, the lowest reported 395.1 yuan / barrel, closed at 399.3 yuan / barrel, compared with the previous trading day fell 1.9 yuan / barrel, or 0.47%. The turnover is 29531 hands, and the positions are reduced by 1386 to 25398 hands.

2. afternoon PTA futures will follow the small rebate of commodities. The spot offer will be 05 yuan, 150-160 yuan for the main port, and 160-165 yuan for the discount. The negotiating basis is 160 yuan. Today, PX's center of gravity is weak and volatile. The 4 monthly report is 750vs730 dollars / ton, 5 monthly delivery 756vs730 dollars / ton, and PTA external supplier's daily offer of $560-575 / ton.

3. afternoon MEG futures concussion, spot quotation of 4365 yuan / ton, delivery of 4355 yuan / ton near 3 yuan next month reported 4425 yuan / ton nearby. In the afternoon, the centre of gravity of MEG was slightly higher than that of the outside market, and the overall buying was cautious. In the near future, around $528 / tonne was quoted at $520-525 / ton, and in March the shipping negotiated estimate of 3-5 US dollars.

4. Yisheng Petrochemical Co., Ltd. in February 25th, PTA main port quoted cash from itself: the selling price of US dollar was maintained at US $560 / ton.

5. a 1 million 200 thousand ton short stop PTA device in East China has been restarted today; a 1 million ton PTA device in the Southwest has been postponed until the end of February or early March, after the device was stopped in December 29th and was planned to restart today.

6. it is reported that a 2 million 200 thousand ton PTA plant in East China was restarted yesterday, and is now being postponed again. After that, it was shut down in February 14th.

7. a 300 thousand ton synthetic gas MEG plant in Qianxi is expected to be overhauled at the beginning of the end of this month.

8. a 300 thousand ton synthetic gas MEG plant in Inner Mongolia is scheduled to be overhauled for 15-20 days in March 5th.

9. the annual maintenance plan for a 350 thousand ton MEG plant in Tianyi, Xinjiang, is scheduled for May, and is expected to be maintained for a month.

10. Yisheng Petrochemical announced that the settlement price of PTA contract in February 2020 was 4390 yuan / ton (cash), down 550 yuan / ton from last month.

11. compared with yesterday, the average price of PTA intra - market fell 40 to 4290 today, and the average price of MEG insider traded fell 28 to 4367. Polyester raw material cost fell 44 to 5131 yuan / ton.

12. the Huaxi Village Mercantile Exchange ethylene glycol 2004 closed at 4442, down 4 points, traded 40266 hands, increased 2026 hands to 113282 hands.

　　 Downstream dynamics

1. the quotations of polyester factories in Zhejiang continue to be stable today, and most of them are actually negotiated. It is difficult for the downstream textile workers to return to work, the rate of starting up is hard to pick up, the purchasing power is insufficient, and the atmosphere of cautious wait-and-see is strong. Market sentiment was low, and polyester production and marketing slowly resumed. It is expected that the center of gravity of polyester filament will still be reduced in the near future. At present, the mainstream of POY 100D/36F quotation is between 7300-7400 yuan / ton, and the mainstream of FDY 75D/36F quotation is between 7800-7900 yuan / ton, and the mainstream of DTY 75D/36F quotation is between 10200-10300 yuan / ton.

2. today, Jiangsu and Zhejiang polyester trading is still light, the market is still in the process of slow recovery, the resumption of trading companies are generally still around 2-3 percent, some factories can reach 50-110%.

3. today, Jiangsu and Zhejiang semi light section market turnover is generally, downstream sliced textile recovery slowly, the market is not much, sporadic heard of a list of transactions in 5850 yuan / ton (cash) up and down.

4. a set of 200 thousand tons polyester direct spinning equipment in Ningbo in early January was restarted, involving filament, staple and sliced products.

5. all the real estate and related machinery and equipment of Zhejiang Jinyang Holding Group Co., Ltd., located in Yamen Town, Xiaoshan District, were sold at auction today, and the final transaction price fell by 79 million 100 thousand yuan, which was acquired by a large polyester enterprise in Zhejiang.

6. Jiangsu and Zhejiang polyester staple fiber market talks about shipping, price basically maintained, trading atmosphere in general, 1.4D price in 6500-6650 yuan / ton, about a single talk.

7. the price of Fujian polyester staple fiber market is maintained, and shipping is mainly discussed. 1.4D direct spinning polyester and short price is delivered at short distance of 6500-6550 yuan / ton.

8. Shandong, Hebei polyester staple market price adjustment, wait-and-see mentality is thicker, half light 1.4D negotiation or 6550-6650 yuan / ton nearby, solid negotiation.

9. a set of 200 thousand tons polyester direct spinning equipment in Ningbo in early January was restarted, involving filament, staple and sliced products.