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    Difficult To Counter Trend, Polyester Staple Market Return To The Weak Market

    2019/10/17 10:42:00 2

    Polyester Staple Market

    After the end of the National Day holiday, there was no obvious change in other pet market, or even continued preferential sales promotion. The direct spinning polyester staple market began to increase the quotation slightly because of the low cash flow, but this kind of adverse situation did not last. The market was gradually weakened by the weakness of the upstream and downstream and gradually returned to the weak market.

    After the end of the National Day holiday, the majority of cash flow in direct spun polyester staple enterprises is in deficit. 100-200 element / The market price is also lower than the low level in recent years, no matter whether it is a manufacturer or a middleman and a downstream customer. But at the same time, MEG However, the market has fallen continuously under the pressure of increasing supply in the post market. Four hundred and sixty Yuan; PTA The market has not seen any obvious improvement, although the market decline is relatively small under the device maintenance, but the terminal performance is poor. 11-12 There are still new installations planned for the month, and the market is showing a weak trend. Meanwhile, stock prices of other major polyester varieties such as filament and flask are obviously accumulating, and the market price is slightly weaker. Against this background, the slight increase of polyester staple fiber is slightly lonely, and the lack of other kinds of synchronized pull-up coordination, this round of rising prices will soon end.

    According to past practice of price adjustment, the market price is close to each time. Seven thousand element / When the tonne is in line, there will be a wave of concentrated replenishment in the market, which is also regarded as the bottom market. After the outbreak of each production and marketing concentration, the market price will also see a slight rise. However, this round of small and high inflation is a very hot replenishment market. Due to the shortage of terminal orders, the downstream has maintained the rhythm of just needed replenishment. Before and after the National Day holidays, the market is in the form of mass distribution.


    The main reason for this phenomenon is that the downstream enterprises are short of the market outlook. Actually, the whole fourth quarter. PTA The overhaul is relatively concentrated. Details are shown in the table below. And 11-12 And Jiaxing, Ningbo, Hainan and Jiangyin accumulated in August. Six hundred and ninety There are maintenance expectations for 10000 tons of equipment.

    Recent domestic PTA Enterprise maintenance and restart plan

    Enterprise name

    Capacity (10000 tons)

    repair time

    Restart time

    Jialong Petrochemical Company

    Sixty

    Eight 2 June

    Eleven Month

    Hengli petrochemical 1#

    Two hundred and twenty

    Ten 8 June

    Ten 20 June

    Honggang petrochemical

    One hundred and fifty

    Ten 14 June

    Overhaul for about 15 days.

    Hengli petrochemical 2#

    Two hundred and twenty

    Ten 20 June

    Overhaul for about 15 days.

    Jiangyin Han Bang

    Two hundred and twenty

    Ten 25 June

    Overhaul for about 15 days.

    Ya Dong petrochemical

    Seventy-five

    Eleven Mid month

    Overhaul for about 15 days.

    However, due to the large stock base in the society, the whole stock base is very large. Ten The intensity of monthly inventory is relatively small. And PTA The processing fee is still in progress. Eight hundred element / Near tonnes, it is not possible to exclude some enterprises from postponing maintenance. In particular, the performance of the terminal market is poor, and the downstream spinning and weaving enterprises may have a big vacation ahead of time. And in the four quarter, there are plans for new installations to be put into operation (see table below). PTA The future supply pattern of the industry is more worrying.


    Recent domestic
    PTA New plant commissioning expectations

    Corporate name

    Capacity (10000 tons)

    Remarks

    New Feng Ming

    Two hundred

    Two thousand and nineteen Mid 11

    Xinjiang Zhongtai Kun Yu

    One hundred and twenty

    Two thousand and nineteen By the end of the year or early 2020

    Hengli Petrochemical four

    Two hundred and fifty

    Two thousand and nineteen December 2013

    Total

    Five hundred and seventy

    and MEG The market will also face greater supply pressure in the future. The recovery of domestic upstart equipment and the commissioning of new devices in the future will bring more pressure to the market, and the demand for polyester is gradually weakening, and the future market is also lack of positive signals.

    Therefore, under the background of unstable trading environment, the polyester staple fiber market is facing multiple pressures, especially at present, the stock of industry has begun to accumulate gradually. If there is no obvious benefit, then the supplier will restart the preferential sales promotion mode to avoid the risk of backlog of inventory in the future market. But it is worth noting that the short term PTA Under the background of a small warehouse, the drop will not be too great. Seven thousand element / Tonne line is still relatively strong support. but Eleven After mid - month, the market must reassess the cost of polymerization after the commissioning of the new plant.

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