Us Postponed Tariff Increase: Polyester Rose 100-200 Yuan / Ton Polyester Production And Marketing Up 390%

In August 13th, the Sino US trade dispute broke out. According to Xinhua Financial News, the office of the United States trade representative said that the Trump administration would postpone the introduction of a 10% tariff on certain Chinese products including notebook computers and mobile phones starting next month.

The US trade representative's office said in a statement that tariffs on other products will be postponed to December 15th, including "computers, video game consoles, certain toys, computer monitors, and certain footwear and clothing products".

One stone stirs up thousands of waves. When people lose confidence in trade disputes, the good news suddenly comes to stimulate the global capital market. The three major U.S. stock indexes rose rapidly and European stock markets expanded.

Under the bullish encouragement of the market, the international oil price, which was originally in a state of depression, was singing all the way, and its strength was skyrocketing. Among them, WTI September crude oil futures rose 2.17 U.S. dollars, or 3.95%, at 57.10 dollars / barrel; Brent October crude oil futures rose 2.73 U.S. dollars, or 4.66%, at 61.30 U.S. dollars / barrel.

The Sino US trade talks have greatly changed the mood of risk, coupled with the fact that the United States has postponed part of the tariff plus clothing products.

First, the market is hot, and PTA is rising rapidly.

Under normal circumstances, the market is the most rapid reaction to the futures market. This wave of good news is undoubtedly a new vitality for the PTA market, which has been silent for a long time, and PTA futures have been reappearing.

13 day and night, PTA futures rose linearly, the main 1909 contract finally closed at 5412 yuan / ton, up 188 yuan, or up to 3.60%; glycol futures face also rose, the main 2001 contract closed at 4511 yuan / ton, up 46 yuan, or 1.03%.

Of course, no surprise. On the 14 day, the futures market continued to rise, and the PTA futures market continued to steadily increase. At the end of 15 p.m., the main 1909 contract closed at 5368 points, up 144 points, or 2.76%.

Two, polyester filament quotation price rise 100-200 yuan / ton

Now that the international oil price is soaring and the upstream PTA is rising, the polyester industry chain is moving from upstream to downstream, and the polyester filament market can not be "left behind" naturally. On the morning of the 14 day, the mainstream manufacturers of polyester increased their quotations and abolished the initial offer. The mainstream products quoted prices in the market rose by 100-200 yuan / ton.

Concretely speaking

Tongxiang direction: the price of POY products of a factory in Tongxiang has risen by 100-150 yuan / ton, and the price of another mainstream factory in Tongxiang has increased by 100 yuan / ton.

Jiangsu direction: FDY price of a factory in Wujiang rose 100 yuan / ton; POY of a big factory in Jiangsu rose 150 yuan / ton, DTY rose 100 yuan / ton; Taicang factory POY rose 50 yuan / ton, and the discount was cancelled.

Shaoxing direction: FDY of a factory in Shaoxing rose 100-200 yuan / ton, and FDY of another factory rose 50-100 yuan / ton.

Xiaoshan direction: DTY of a factory in Xiaoshan increased by 100-150 yuan / ton, and DTY of another factory rose 100-150 yuan / ton.

Three, polyester production and marketing detonated rapidly to 390%

The polyester industry chain is filled with exultation, and the market sentiment is enhanced. For polyester manufacturers, the most direct embodiment is that production and marketing are again "detonated".

On the 14 day, the mainstream production and marketing of polyester quickly pulled up. As of 11 p.m., the average production and sales of the market had reached 200%-250%, and some of them even rose to 400% and 500%. In the afternoon, the atmosphere of the transaction increased further. As of 15 p.m., the average production and sale of polyester went up to 380%-390% again, and the manufacturers even reached 600% or 800% levels.

Of course, there are many reasons for the popularity of polyester production and marketing, and in the final analysis, the downstream market purchasing enthusiasm has been boosted. On the one hand, the upstream raw material prices are rising, and the downstream weaving manufacturers or traders are buying up or buying down. On the other hand, with the gradual increase of loom start up rate, market orders seem to be showing signs of warming. For the downstream market, there is an inevitable demand for purchasing power.

Although at the present level, Trump's changing personality is too frequent to be determined at the last minute, and the market is ultimately difficult to identify. In addition, the termination and implementation of terminal orders still need a process.

In any case, the gradual easing of the trade situation really raised the hope of the textile market, hoping that the "fire" from the upstream to the downstream could be kept for a little longer, and should not be extinguished easily by "a basin of water".