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Spring Festival Chemical Fiber Market: The Overall Stability Of The Chemical Fiber Industry, Some Raw Materials Are Popular.

2019/2/12 10:47:00 108

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Spring Festival Chemical Fiber Market

industry

product

Area / unit

Premarket price

Postganglionic price

Ups and downs

crude oil

WTI

USD / barrel

Fifty-five point three seven

Fifty-two point seven one

-2.66

-4.80%

BRENT

USD / barrel

Sixty-two point nine

Sixty-one point nine four

-0.96

-1.53%

polyester

CFR

China (US $/ ton)

One thousand and eighty-nine

One thousand and ninety-one

Two

0.18%

PTA

Inner East China

Six thousand six hundred and thirty

Zero

MEG

Inside Zhangjiagang

Five thousand one hundred and twenty

Zero

Polyester filament

POY150D/48F

Eight thousand four hundred and fifty

Zero

FDY150D/96F

Nine thousand five hundred and fifty

Zero

DTY150D/48F

Ten thousand three hundred and fifty

Zero

Spun

1.4D

Direct spinning

Eight thousand eight hundred and fifty

Zero

Section

Semi optical section

Seven thousand and nine hundred

Zero

Bright section

Seven thousand and nine hundred

Zero

Bottle flake

East China polyester bottle

Eight thousand and three hundred

Zero

Acrylic fibres

acrylonitrile

East China port

Twelve thousand

Zero

Shandong Market

Twelve thousand and one hundred

Zero

CFR

far east

One thousand five hundred and forty

Zero

Acrylic fibres

1.5D*38

Sixteen thousand

Zero

regular

Seventeen thousand

Zero

Focus News

In February 8th, the number of oil drilling increased by 7 units to 854 units in the United States, with an expected decline of 3 units.

San Francisco Fed chairman Daly: the US economy is slowing down, but it can prevent itself from recession.

Clarida, vice chairman of the Federal Reserve: in many ways, the US economy is close to full employment and inflation reaches its target level.

In February 2nd, the United States first applied for 234 thousand jobless claims in the week of February 2nd, with a forecast of 221 thousand people and a former value of 253 thousand.

Moodie raised Russia's rating, Russia's local currency ruble short rally

prediction

China's Ministry of Commerce: Sino US economic and trade high-level consultations will be held in Beijing on 14-15 February.

CPI\PPI data from major economies will be released one after another.

Remarks: the closing time of the inside of the festival is February 3rd, the outer market is February 1st, the closing time of the internal market is February 10th, the outer market is PX2 4 days, and the crude oil is February 8th.

Crude oil:

The background of the drop in oil prices this week is that the European Commission has sharply lowered its economic growth expectations for the eurozone and its major economies in the next two years, thus further deepening the market's concern about the global economic slowdown.

In addition, investors are worried about the prospect of energy demand, and the US dollar has risen, and there are reports that Libya may soon increase its output, thereby driving oil prices down this week.

At the same time, the tense situation of international trade and the decline of the stock market have aggravated the worries about the economic prospect of the market. This is the factor that the oil market bears are paying close attention to.

On the supply side, according to the Wall Street journal, a general in Libya controls the country's largest Shalala (Sharara) oil field this week, raising the possibility of the oil field being restarted.

Libya is one of the member states of OPEC, but because of the disruption of its oil industry and economy due to civil strife, the country is not constrained by the cartel's plan for reducing production.

During the Spring Festival, the Asian PX market was festive and the traders basically all had a holiday. The market only had a small deal in February 4th. On that day, the Asian PX market closed at 1091 US dollars / ton CFR China, 1071.67 US dollars / ton FOB Korea, up 2 US dollars / ton compared with February 1st.

In February, the PX Asia ACP negotiations reached at $1050 / tonne CFR Asia. The two sides were: -BP, Exxon Mobil Sheng Hong, reliance -BP, Yisheng, Sheng Hong, and this negotiation was first achieved after the September 2018 conclusion.

Sinopec PX February listing price rose 200 yuan / ton to 8800 yuan / ton compared with January, and January settlement price rose 60 yuan / ton to 8580 yuan / ton.

Device operation: at present, the operating rate of domestic PX devices is 86.17%, and the Asian start-up rate is 84.26%.

In terms of future maintenance, CNOOC Huizhou refining and chemical PX plant has an annual capacity of 1 million tons, which will be overhauled in February. It is reported that it has been overhauled for 50 days.

The annual capacity of Luoyang petrochemical PX plant will be 215 thousand tons, which will be overhauled in April 1st for 50 days.

Urumqi petrochemical PX plant has an annual capacity of 1 million tons, and plans to overhaul it for 2 months in 6-7 months.

The annual capacity of Jinling Petrochemical PX unit is 700 thousand tons, and it is planned to be overhauled for 3 months in the four quarter.

In addition, the annual capacity of the Fuhai 2 PX unit is 800 thousand tons, and is expected to be restarted in March.

Overseas, Malaysia aromatics plant PX production capacity of 550 thousand tons, will be 3-4 months into 45 days of maintenance.

It is reported that the No. 2 PX device of South Korea's S-oil company is 1 million tons / year. Due to the replacement of Chamber operation, it will be shut down for 3 months in March.

Overall, after the Spring Festival, the PX market is overhauled and overhauled. It is expected that the supply of PX market will be slightly tight after the holiday.

Glycol:

During the Spring Festival, the volume of the East China docks is relatively concentrated. Due to the superposition of holiday factors, the delivery will be weak. There will be a lot of tired stocks.

However, with the gradual increase of polyester start-up load, the demand side's speculative demand to stimulate the decline library is expected to gradually expand, and the small rise before the Spring Festival also shows confidence in the post holiday market.

Therefore, after the short term adjustment of the market, there will be a wave of rising prices.

Polyester staple fiber: during the Spring Festival, the price of polyester staple has not changed significantly. During this period, the polyester staple enterprises overhaul began to restart in these days.

Later, it will be restarted in late February, but the recovery rate is expected to be relatively late, plus sufficient reserves of raw materials before the end of the year, which can be used at the end of February or even early March.

So the demand for post holiday demand is not very optimistic, and there is no obvious change in estimating prices.

Polyester filament:

The polyester filament device repaired during the Spring Festival has been restarted recently, and the inventory level of enterprises before the festival is low.

From mid February to early March, there is still a wave device to be repaired, so the supply of polyester filament has increased slowly after the festival.

The downstream weaving started slowly, and the market supply did not change much at the beginning of the festival.

But.

Before the raw material pulled up slightly, is the polyester filament enterprise, has the desire to rise, but the market has no market price, so the filament's trading center has not improved significantly, if the raw materials continue to pull up later, later polyester filament may have a wave of longer market.