Polyester Staple Fiber Center Of Gravity Is Difficult To Highlight In The Short Term.

Due to the weak atmosphere last week, a partial offer of PET staple was lowered last weekend.

Earlier this week, PTA futures continued to weaken. The mainstream of Jiangsu and Zhejiang 1.4D direct spinning polyester staple was reported to be 7700-7800 yuan / ton, and the discount rate increased.

A few days later, although the trend of MEG was acceptable, PTA continued to weaken slightly, and the regional market of polyester staple fiber in Jiangsu and Zhejiang was reduced.

By Friday, the centre of gravity of 1.4D direct spinning polyester staple in Jiangsu and Zhejiang has been 7525 yuan / ton near the factory.

This week sporadic, manufacturers offer stable, some varieties traded relatively slightly better, 32S mainstream offer 11700-11800 yuan / ton.

Industry dynamics

In 1 and 2017, the production capacity of polyester staple fiber is 6 million 790 thousand tons.

Among them, 200 thousand tons of Xiangsheng, 200 thousand tons of Far East, and 120 thousand tons of Shanghai Heng Yi are included in the calculation but not at present.

2. In April 27th, the 1 sets of 150 thousand ton polyester staple device which started to stop and repair in Sichuan in April 7th began to heat up. It is expected that products can be produced in the near future.

3. Raw materials are weak this week.

Center of gravity downward, stocking downstream cautiously, the overall turnover atmosphere is light.

Polyester staple fiber manufacturers have a small stock of products, and mainstream manufacturers have 15-23 days of inventory.

4, April Sinopec polyester staple fiber settlement price: 1.4D half light 7925 yuan / ton, 1.2D gloss 8575 yuan / ton.

5, April, three lane direct spinning polyester staple fiber contract settlement price: 1.4D half light 7675 yuan / ton, 1.2D gloss 7975 yuan / ton cash out.

6. In March 2017, China imported 11 thousand and 500 tons of polyester staple fiber, the average price was 1463 US dollars / ton, 94 thousand and 100 tons of polyester staple fiber exported, and the average price was 1025 US dollars / ton.

Prospect

In terms of raw materials, PX is relatively empty after the maintenance season.

The cost of processing is still low, and there is a maintenance plan in the late stage, which is temporarily weak in the short term, but the downlink space is not large; the overall trend of MEG is slightly better than that of PTA.

At the end of this week, PTA has a real-time operating rate of 72.9% (the current capacity base is 48 million 840 thousand tons), and the average load of polyester is nearly 84.5%.

Demand side, downstream polyester yarn is in the off-season, enquiry trading is more plain than in previous years, but after a long holiday, local or produce certain replenishment needs.

On the supply side, the factory load has not changed at present, and after the normal operation of the company, the supply or stabilization of the plant has increased, and the total output has increased slightly compared with this week.

On the whole, raw materials are still weak, and polyester staple fibers are still dependent on raw material market even though they are supported by demand after the festival and early April, so the short term trend is still following the trend of weak market consolidation.

Later, we should pay attention to changes in oil prices, after PX price trend, and downstream yarn manufacturers orders.

PTA market price is weak, the cost side support is relatively weak, and the downstream demand is weak. In the short term, it is difficult to have outstanding performance, demand side has no obvious support, and the overall confidence of the market is not enough. It is expected that the majority of polyester staple fiber will continue to consolidate in May, and there may be a slight decline.

Later, we should pay attention to the change of oil price, the price trend of PTA, and the order of downstream yarn manufacturers.

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