Pure Polyester Yarn: Different Mentality, The Market Is Mixed.
Before the Ching Ming holidays, international oil prices continued to skyrocket and raw materials rose. The polyester staple fiber shipments improved and further enhanced the demand for pure polyester yarn. But then, OPEC and weekend announced that the emergency meeting which was scheduled for Monday was postponed to Thursday. The US and the two crude oil jumped sharply, and the short-term oil price dropped by more than 3 US dollars, and WTI crude oil fell by over 10%.
Table 1 changes in international crude oil prices before and after Ching Ming
product | Four 3 June | Four 6 June | Ups and downs | Company |
WTI | Twenty-eight point three four | Twenty-six point zero eight | -2.26 | dollar / bucket |
Brent | Thirty-four point one one | Thirty-three Point Zero Five | -1.06 | dollar / bucket |
Table 2 price changes of polyester staple and pure polyester before and after Ching Ming
product | Four 3 June | Four 7 June | Ups and downs | ? |
Polyester staple fiber Jiangsu | Five thousand three hundred and fifty | Five thousand and nine hundred | +550 | element / ton |
Polyester staple fiber Fujian | Five thousand and three hundred | Five thousand and six hundred | +300 | element / ton |
Polyester staple fiber Shandong, Hebei | Five thousand three hundred and seventy-five | Five thousand and nine hundred | +525 | element / ton |
Ring spinning T21S Zhejiang | Eight thousand and nine hundred | Nine thousand and three hundred | +400 | element / ton |
Vortex spinning T30S Jiangsu | Eleven thousand and five hundred | Eleven thousand and two hundred | -300 | element / ton |
Ring spinning T32S Fujian | Nine thousand nine hundred and fifty | Ten thousand and one hundred | +150 | element / ton |
Ring spinning T40S Hebei | Nine thousand and five hundred | Nine thousand and six hundred | +100 | element / ton |
In terms of raw materials, some traders and social funds have been stocked up during the holiday season. The production and sales of polyester staple fiber factories are booming, and the market prices have risen sharply. With the production and sales volume, the inventory of finished products in short staple enterprises has decreased rapidly, and some enterprises even oversold. But on Monday, along with the fall of international crude oil prices and the gradual return of the market, the trend of polyester staple fiber prices is becoming more and more serious. At present, the Jiangsu direct spinning polyester staple fiber semi white 1.56*38mm spot quotation is now available at 6000-6100 cash, and the spot spot negotiation is in 5700-5900 cash, leaving a small number of high 5950-6100. The increase of the center of gravity is 550 yuan / ton more than the pre holiday period, or over 10%.
With the increase of staple prices, the atmosphere of pure polyester yarn has also been boosted. After that, the enterprises concentrated more on the purchase of pure polyester yarn, and the yarn enterprises shipped to relieve the pressure of inventory. In addition, the stock market has also been promoted to the end of April, and the domestic market has also been promoted. On the basis of this, individual yarn companies have tentatively raised the offer. However, under the rapid spread of the overseas epidemic, most enterprises are still worried about the trend of the late market and mainly shipping. The market price of pure polyester yarn is generally chaotic, and the prices are mixed. 。
Later, Saudi Arabia led OPEC and Russia's leading non OPEC oil producing countries (the so-called OPEC+), which were originally jointly involved in the joint production cuts, were postponed to Thursday on Monday. The market is worried that the common production reduction is still difficult and international oil prices are going up and down. Although the stock of polyester staple fiber is reasonable and controllable, and some of the oversold orders support prices in the short term or concussion finishing, then the cost of polyester melt is calculated on the basis of the cost of the day, the space of the transaction price is high, and the medium and long term is still short of expectations. And the downstream domestic market demand is low, the development of overseas epidemic and the deterioration of foreign trade policy, pure polyester yarn. The market demand is restrained, and the cash flow of pure polyester yarn is abundant.
- Related reading

First Quarter Bad Luck Around The Two Quarter Of Hardship PTA Continuation Low Trend
|- I want to break the news. | Tim Pak LAN 2020 Spring And Summer Fun Live Series Outdoor Fashion Equipment!
- Professional market | Jian Sheng Group Has An Annual Output Of 800 Million Yuan Sports Socks.
- I want to break the news. | Jordan Mars 270 Low Relief Shoes Official Chart Released, Surprised Four Color Matching
- I want to break the news. | KITH X New Hundred Lun 990V2 Powder Color Couplet Ride Shoes Style Exposure, Retro Level Sense
- market research | The Butterfly Effect Of Global Apparel Supply Chain Is Difficult For Garment Enterprises To Take.
- I want to break the news. | Wearing Green Clothes Will Bring You Into This Spring.
- Chamber of Commerce | Wenzhou Brand Service Enterprises To Help Themselves And Speed Up The Pace Of Online
- market research | Garment Enterprises Are Too Difficult Under The Outbreak: Inventory Backlog, Delayed Flight, Lack Of Money, Outage.
- Market topics | Fully Ensuring The Smooth Operation Of The Supply Chain Of The Foreign Trade Industrial Chain
- regional economies | Decline In Capacity Utilization, Revenue Expectations Are Pessimistic Cotton Business Confidence In The Test
- First Quarter Bad Luck Around The Two Quarter Of Hardship PTA Continuation Low Trend
- Gross Profit Rate As High As 70% Can The High Growth Of Feida Dairy Industry Continue?
- *ST Kerry (002072): There Are Second Risk Prompts For Stocks Being Suspended.
- Jiangsu Sunshine (600220): Guarantee For Controlling Shareholders
- Gexin Energy (002015): Progress Of Subsidiaries Participating In Investment Buyout Funds
- Jiangsu Market Supervision Bureau Sampled 40 Batches Of Functional Textiles 3 Batches Failed.
- How Long Can The Raw Materials With No Price And Weak Stability Remain? Can The Monthly Knot Delay The Progress Of Reducing Production And Holiday?
- A Series Of Benefit Enterprises "Timely Rain" For Textile Enterprises To Resume Work And Increase Oxygen Consumption
- Baoding Gaoyang Government And Enterprises Directly Help Textile Enterprises To "Tide Over Difficulties"
- Changshan North Ming (000158): Shareholder He Changqing Proposed Reduction Of No More Than 0.18% Of The Total Share Capital.