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    January 9Th Market Morning Post: Polyester Staple Fiber Production And Sales Prices Continue Upward Resistance

    2019/1/9 10:35:00 41

    Market PricesPET Staple Prices

    Varieties

    January 8th price

    Ups and downs

    Company

    crude oil

    WTI

    Forty-nine point seven eight

    +1.26

    USD / barrel

    Brent

    Fifty-eight point seven five

    +1.39

    USD / barrel

    raw material

    PX

    One thousand and four point six seven

    +10

    US dollar / ton

    PTA

    Six thousand one hundred and eighty

    +5

    Yuan / ton

    MEG

    Five thousand one hundred and fifty

    -75

    Yuan / ton

    Psf

    Jiangsu and Zhejiang market

    8500-8700

    Zero

    Yuan / ton

    Fujian Market

    8650-8700

    Zero

    Yuan / ton

    Shandong and Hebei markets

    8700-8850

    Zero

    Yuan / ton

    downstream

    T32S

    13200-13300

    Zero

    Yuan / ton

    T40S/2

    17800-17900

    Zero

    Yuan / ton

    Macro news

    The world bank lowered its global economic growth rate to 2.9% in 2019 and 3% in June.

    Forecast today

    Crude oil futures in Europe and the United States continue to rise, but PTA futures market performance is generally, and yesterday, the production and sale of polyester staple fiber has come down, and prices continue to go up against resistance, but taking into account the low inventory, short price or partial stabilization.

    Industry start up rate

    industry

    January 7th

    January 8th

    change

    PTA

    74.88%

    74.88%

    0%

    polyester

    83.34%

    83.23%

    -0.11%

    Psf

    83.75%

    83.75%

    0%

    Jiangsu and Zhejiang looms

    65%

    65%

    0%

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