Iran Has Been Sanctioned, And International Oil Prices Have Soared. If The Price Of Oil Rises, Will Polyester Filament Grow?

The White House said on 22 th that the US government will no longer grant sanctions to some countries and regions to import Iran oil, so as to completely prohibit Iran's oil exports. Affected by this news, international oil prices rose sharply after opening day.

At the close of 22, the New York Mercantile Exchange's May light crude oil futures price rose 1.7 US dollars, closing at 65.7 US dollars per barrel, or 2.66%. Brent crude oil futures for June delivery rose 2.07 US dollars to close at $74.04 a barrel, or 2.88%.

(international oil prices rose day by day)

PTA shocks

On the last two days of last week, PTA futures began to plunge sharply, especially on last Thursday (April 18th), and the 1909 futures contract of PTA futures closed directly, with a single day drop of more than 300 points.

But beginning this week, PTA futures stopped its pace of decline and began to shake.

On Monday (April 22nd), PTA futures rose 52 points, or 0.87%.

On Tuesday (April 23rd), PTA futures rose 24 points, or 0.4%.

(PTA starts a little callback)

Here is a brief analysis of the reasons for the PTA callback.

First of all, the sharp decline of PTA last week was mainly affected by the rapid decline in PX prices. But the slow down of PX this week has played a supporting role in PTA.

Secondly, last week, there was a factor of fund speculation in the PTA diving. The actual PTA supply is still in a tight state. When the fundamentals return, the market will naturally have some callbacks.

Finally, the sharp rise in international oil prices is also an important factor for PTA.

Will the price of polyester rise?

Polyester filament fell PTA

The price of polyester filament began to fall as well as the price of polyester filament began to fall sharply last week from PTA. As of Tuesday (April 23rd), the average price of polyester filament has decreased slightly compared with the same period last week.

Indeed, the decline of polyester is greatly influenced by PTA, but on the other hand, the most difficult reason for polyester factories to cut prices is so fast.

Sad grief in the busy season

March and April is the peak season for the production and marketing of textile market. In general, most of the fabrics are shipped at this time, and after May, the order quantity of regular products will gradually decrease, and then enter the off-season of July and August.

But this year, whether the production capacity of the external loom looms or whether the market has been overdrawn or overdrawn over the past two years, even from a macro perspective, the textile market has entered a weakening cycle from the boom cycle. In any case, in short, from the first half of this year, the bad market has become a fact.

Affected by this, even if the cost has not dropped significantly, and even after printing, dyeing, finishing, business management, labor and other expenses continue to increase, but the price of conventional grey fabric products still slightly lower than before.

More weaving enterprises, forced by inventory and capital pressure, began to sell helplessly, not only to make themselves suffer a lot of losses, but also to further suppress the market prices of conventional products.

Will polyester filament rise?

From the point of view of production and marketing, the production and sale of polyester filament has been in a low position since entering the market in April.

Affected by polyester plant's low output, polyester stocks are slowly accumulating slowly.

From the profit point of view, although the price of polyester filament has begun to decline in recent years, the price of raw material PTA is also falling, so the profit of polyester is still profitable in the short term.

Therefore, considering the stock pressure of polyester factories and their profit situation, the possibility that polyester filament will rise sharply in the short term is not very large, but the price change of follow-up PTA depends on the price.