The Replacement Effect Of Polyester And Cotton On Cotton Is Still In

The price of polyester staple fiber hit the bottom (6125 yuan / ton) at the end of January this year. It was driven by a rebound in international oil prices and a strong rise in upstream raw material market, and entered a path of rebound and recovery. As of early March, it rose 1055 yuan to 7180 yuan / ton, or 17.22%.

However, since mid March, the trend of international oil prices has been unstable.

The start-up rate of the plant has steadily recovered, the polyester market has been sorted and sorted, the upstream cost support of polyester staple has been weakened, the downstream sales are sluggish, the attitude is cautious and the purchasing power is not good enough. Therefore, the price of polyester staple fiber has turned into a weak trend of callback.

In early April, despite the rebound in international oil prices, polyester raw materials and polyester staple fibers continued to be weak and adjusted.

In the middle of the year, the international oil price surged back to 40 US dollars to promote the stable adjustment of the polyester market. The staple fiber staple manufacturers' quotation was also stable, showing signs of rebound. The early weak callback situation is coming to an end. The price trend in the late stage should be concerned about the oil price and the PTA and downstream market dynamics.

In April 11th, the mainstream of Jiangsu and Zhejiang 1.4D direct spinning polyester and short market reported 6650-6800 yuan / ton, and the actual deal was discussed.

Fujian polyester short market 1.4D direct spinning

The mainstream newspaper is 6700 yuan / ton short delivery.

Shandong, Hebei market 1.4D direct spinning polyester short mainstream newspaper 6750-6800 yuan / ton to deliver, at present, polyester short cash flow loss of 150 yuan / ton nearby.

MEG spot market fell sharply, in early days, it dropped by 370 yuan to 5130 yuan / ton.

Narrow adjustment.

In Jiangsu and Zhejiang semi - light slicing market, the market is mainly small and medium, the local manufacturers deal with the volume, and there are thousands of tons.

In April 11th, the 200-400 ton list was traded at 5950 yuan / ton (cash) and slightly higher than 50 yuan.

In the first ten days, the PTA spot shock was weak and adjusted to the middle. Crude oil prices rose sharply and pushed up PTA passively.

Yisheng Petrochemical announced that it would reduce the supply of contract goods in April by 10%, but there was no reduction in production. The Hon Bang Petrochemical 2 million 200 thousand ton PTA new device failed to restart in the near future, and the Yangzi Petrochemical and three lane facilities were planned to be overhauled in the last ten days, and PTA entered a tight balance in April.

It is expected that the mid month operating rate will decline to 62.45%. The supply side will be tight speculation or will play a role in the PTA market.

Short term oil prices rose, PX4 months ACP high talked successfully, and is about to enter the centralized maintenance, PTA cost side support.

But considering the low purchasing enthusiasm is not high, the demand side or drag on the pace of exploration.