Polyester Cost Fell 55 To 4277 Yuan / Ton - Daily Chemical Fiber Market Bulletin (6.4)

　　 Raw material Market

On 1.6 June 3, New York crude oil futures rose 0.48 US dollars in July, tied 37.29 yuan / barrel, and Brent futures rose 0.22 US dollars in July, settling 39.79 yuan / barrel.

On 2.6 3, Japan's naphtha increased by 7 US dollars to 343.75 US dollars per ton.

3. on Wednesday, Asian PX prices rose 16.83 US dollars to 506.33 US dollars / ton CFR China Taiwan / Mainland China and 488.33 US dollars / ton FOB Korea. Upstream, due to OPEC+ or extended production cuts, ICE Brent crude futures rose 93 cents to 40.08 U.S. dollars / barrel in August, and Japan's naphtha rose 7 US dollars to 343.75 U.S. dollars / ton. The spot price difference between PX and naphtha increased by 9.83 US dollars to 162.58 US dollars / ton. Due to spot supply and high inventory, PX market was sluggish. The industry continues to pay attention to the negative action of factories, so it can alleviate the current surplus supply.

4. afternoon PTA was weak and volatile, and the spot base remained stable. The main port's quotation was 09 yuan, and the contract was 95-100 yuan, with a discount of 105-110 yuan. Today, PX is mainly composed of flat goods. In July, the shipment was quoted at US $505 / ton. In August, the shipment was delivered to US $445 per ton, and the PTA external supplier's daily tour price was maintained at US $445 / ton.

5. afternoon MEG futures were weak, and spot discount 09 contracts were around 130 yuan. Around 3645 yuan / ton of goods were delivered this week, around 3635 yuan / ton, 6 yuan later reported 3670 yuan / ton. In the afternoon, the MEG external market was weak. In June, the shipment was quoted at 435-440 US dollars / ton, and the delivery was within 430 US dollars / ton.

6. Yisheng Petrochemical Company's selling price of PTA US dollars was maintained at US $445 / ton in June 4th.

7. Inner Mongolia Rongxin set up a 400 thousand ton coal MEG plant planned to restart tonight. It was overhauled in May 31st.

8. a set of 500 thousand tons of coal made MEG plant in Shandong reduced to 5, and is expected to last until 7-8 months.

9. a 1 million tonne PTA plant in Southwest China is again lifting its load today. It is now running near 9 and is expected to increase to full load at the weekend.

10. operation of several sets of PX devices in Asia: South Korea GS a 400 thousand ton PX plant with a pre load load of 9 at present, which is now reduced to 8 in the vicinity; another 400 thousand ton PX plant in the plant is scheduled to be servicing for a week this month, and the current load is running at 9; South Korea's S-oil set up 800 thousand tons of PX plant in its early stage of production, and now it falls to 9. Plan to reduce production or overhaul.

11. a 220 thousand ton coal MEG plant in Shanxi was shut down in May 7th before lighting up today.

12. compared with yesterday, PTA's internal market fell 55 to 3570 yuan / ton, MEG's internal market fell 23 to 3657 yuan / ton, conversion polyester cost fell 55 to 4277 yuan / ton.

13. the Huaxi Village Mercantile Exchange glycol 2007 closed at 3706, down 28 points, traded 27558 hands, increased 130 hands to 71426 hands.

Downstream dynamics

1. the trend of PTA is weakening today. The quotation of polyester factories in Zhejiang market is still rising, and the discount has been narrowed. Downstream textile enterprises to purchase enthusiasm significantly reduced, more cautious and wait-and-see mentality, digest inventory mainly. In the short term, the trend of polyester centroid is narrower. At present, the mainstream of POY 100D/36F quotation is between 5650-5750 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 turnover of polyester in Jiangsu and Zhejiang provinces has dropped from yesterday. Some factories can be flat, some POY production and marketing are 30%, 20%, 100%, 20% and 30%; some FDY production and sales are 100%, 120%, 20%, 70%, 80%; and some DTY production and marketing are 80%, 80%, 70%, 100%, and 30%.

3. today, Jiangsu and Zhejiang semi light section market is slant, and some small and medium sized businesses have heard about the 4800-4900 yuan / ton (cash).

4. the market prices of polyester staple fiber in Shandong and Hebei are relatively stable, the trading atmosphere is general, and shipping is the main factor. Semi 1.4D talks or 5850-5950 yuan / ton are nearby.

5. the market price of Fujian polyester staple fiber has remained stable, the trading atmosphere is relatively general, negotiation of shipment, 1.4D offer 6100 yuan / ton short distance delivery, solid negotiation or 5850-6000 yuan / ton.