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    June PX ACP Price Announcement Daily Chemical Fiber Market Bulletin (5.26)

    2020/5/27 12:29:00 49

    Chemical Fiber Market

       Raw material Market

    1. afternoon PTA futures were strong and volatile, and the spot base remained stable. Spot main port offer discount 09 contract 130 yuan, delivery discount 140 yuan nearby. Today, PX is the main shock. In July, the shipment was delivered to US $430 per ton. In August, the shipment was quoted at US $513 / ton, and the PTA external supplier's one-day tour price rebounded slightly to US $430 / ton.

    2. afternoon MEG futures shake finishing, spot discount 09 contract 150 yuan, this week goods reported 3580 yuan / ton near the delivery of 3570 yuan / ton near 6 yuan next month reported 3630 yuan / ton nearby. In the afternoon, the MEG external market is mainly stalemate, and the center of gravity is weakening. In June, the shipping quotation was near $420 / ton, and the delivery rate was estimated at $415 / ton, and the estimated $420 / ton was within the range.

    3. Yisheng Petrochemical sold PTA $5 in May 26th to US $430 to US $/ ton.

    4. Saudi Arabia set up a 700 thousand ton / year MEG device is being restarted, the device was previously shutdown at the end of February.

    5. a new set of 200 thousand tons of new polymer in Wuxi was set up today. The device is mainly used to produce polyester chips.

    7.6 month PX ACP price increases: Korea SK chemical report $600 / ton CFR Asia

    8. compared with yesterday, PTA's internal market rose 35 to 3515 yuan / ton, MEG's internal market rose 13 to 3588 yuan / ton, and the conversion cost of polyester increased 34 to 4207 yuan / ton.

    9. the Huaxi Village Mercantile Exchange glycol 2007 closed at 3680, down 2 points, traded 41116 hands, and reduced 7768 positions to 78016 hands.

    Downstream dynamics

    1. today, PTA futures are strong, and the quotations of polyester factories in Zhejiang market are still stable. Partial concessions have been expanded. Downstream textile enterprises wait-and-see sentiment is more obvious, continue to digest inventory, polyester goods are not good. In the short term, the center of gravity of polyester filament will be mostly consolidated, with partial or slight decline. At present, the mainstream of POY 100D/36F quotation is between 5700-5800 yuan / ton, and the mainstream of FDY 75D/36F quotation is between 6600-6700 yuan / ton, and the mainstream of DTY 75D/36F quotation is between 8400-8600 yuan / ton.

    2. today, the atmosphere of polyester and silk trading in Jiangsu and Zhejiang provinces is still light. The production and sales of mainstream factories are mostly 20-30%, and the better factories are in 50-70%, and some can reach 80-100%.

    3. this morning, Jiangsu and Zhejiang polyester staple manufacturers talk about shipping, and the trading atmosphere is not good. The discount is slightly enlarged. 1.4D's mainstream offer is around 6000-6200 yuan / ton, or a single negotiation or around 5700-5900 yuan / ton.

    4. the market price of polyester staple fiber in Shandong and Hebei is slightly weaker, and the negotiation is mainly about shipping, and there is only a small talk between half 1.4D or 5800-6000 yuan / ton.

    5. the market price of Fujian polyester staple fiber has remained stable and the trading atmosphere is relatively general. 1.4D offers 6200 yuan / ton short distance, solid negotiation or 5950-6000 yuan / ton.

    6. recently, the price of low melting point polyester staple fiber is relatively stable. Some manufacturers offer 4D price of 7800 yuan / ton.

    7. Shengze pure polyester yarn prices are relatively stable, T32S mainstream 9800-10000 yuan / ton, T50S mainstream in 11700-11900 yuan / ton.

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