Keep A Cautious And Wait-And-See Attitude In The Downstream -- Daily Chemical Fiber Market Express (7.10)

　　 Raw material Market

1. On July 9, New York crude oil August futures fell $1.28 to 39.62 yuan / barrel; Brent September futures fell $0.94 to settle at 42.35 yuan / barrel.

Japanese naphtha rose 5.25 yuan to 403.75 US dollars / ton on July 9.

3. On July 9, the price of p-xylene in Asia was at US $540 / T CFR Taiwan / Mainland China and US $522 / T FOB Korea, slightly down $1 from the level on July 3, and was flat with the previous trading day, mainly due to lack of price guidance and light spot trading.

4. PTA futures are still weak in the afternoon. Next week, the basis discount of the main port's supply is RMB 09, and the discount for the delivery is RMB 80-85. The negotiation estimate is RMB 3460-3480 / T. It is estimated that the supplier will drop us $425 / PX to Singapore for the day delivery, which is not affected by the supplier's daily offer of 415-450 tons.

5. In the afternoon, MEG futures continued to be weak, with spot discount of 09 contracts around 100-110 yuan. This week, the goods will be offered around 3375 yuan / ton, and the delivery will be around 3370 yuan / ton. The goods will be delivered 3465 yuan / ton in August. In the afternoon, there was a big difference between the buyer and the seller in Meg's external market. Recently, the ship's goods were sporadically quoted around 415 US dollars / ton, and the bid was within 405 US dollars / ton. The negotiation was deadlocked.

6. On July 10, the selling price of PTA in USD fell by 5 USD to 450 USD / T.

7. A 4.5 million ton PTA plant in South China decreased by 70% yesterday and is expected to last for a week; another 1.25 million ton production line of a new 2.5 million ton PTA plant in Northeast China is planned to be put into trial operation this Saturday.

8. Compared with yesterday, PTA fell 80 to 3475 yuan / ton, MEG fell 72 to 3390 yuan / ton, and polyester cost fell 93 to 4107 yuan / ton.

In 2009, the trading position of commodity exchange was increased to 3502.178 points, while that of commodity exchange was down by 342.

Downstream dynamics

1. PTA futures trading center of gravity weakened today, Zhejiang market polyester factory quotation stability, some still downward. Downstream textile enterprises purchasing enthusiasm is not high, maintain a cautious wait-and-see mentality, market trading is not much. It is expected that the center of gravity of polyester will maintain narrow width finishing in the weekend. At present, the mainstream quotation of POY 100D / 36F is 5200-5400 yuan / ton, that of fdy75d / 36F is 5800-5900 yuan / ton, and that of DTY 75D / 36F is 7900-8100 yuan / ton.

2. Today, the transaction situation of polyester in Jiangsu and Zhejiang is weak, and some factories are better. Some POY production and sales are 50%, 20%, 80%, 50% and 40%; some FDY are 40%, 80%, 70%, 65% and 4%; some DTY are 110%, 110%, 70%, 60% and 80%.

3. The transaction of semi light chip market in Jiangsu and Zhejiang is low, and it is heard that small and medium-sized small and medium-sized small and medium-sized small and medium-sized small and medium-sized ones with small and medium-sized demand are around 4450-4550 yuan / ton (cash).

4. This morning, the quotation of Jiangsu and Zhejiang polyester staple fiber manufacturers was basically stable, and preferential negotiation was made for shipment. The mainstream quotation of 1.4d was about 5400-5600 yuan / ton, and the actual price was about 5350-5450 yuan / ton.

5-5, 500-5 tons of short distance, the price of polyester is weak in Fujian.

6. The market price of polyester staple fiber in Shandong and Hebei has been adjusted, mainly through preferential negotiation, and the trading atmosphere is not good. The semi gloss 1.4d negotiation or 5400-5550 yuan / ton is near.