The Impact Of The Middle East Situation On Polyester Market In The Near Future

First of all, the background of the conflict between the United States and Iraq is Two thousand and eighteen The United States imposed comprehensive sanctions against Iran in 2003. Two thousand and nineteen year Twelve month Twenty-seven The United States was attacked by a military base in Iraq. One A famous American businessman died. Four The US soldier was wounded and the United States directed against Iran and then assassinated Souleymane. Three On the morning of the morning, the US air strike led to the death of senior officials in Iran and the tense situation in the Middle East. One month Eight On the same day, Iran took retaliatory action to launch missiles to the US military bases stationed in Iraq. One month Nine On Wednesday, the president of the United States issued a statement which mainly transmitted four messages: the Iran attacks made minimal losses to the military bases, no casualties by the US troops, and Iran was not allowed to acquire nuclear weapons; the United States did not need oil in the Middle East; it did not want to use military force to deal with the relationship between the United States and Iraq.

Secondly, how does the polyester market keep pace with the development of the situation in the US and Iraq?

Source: lung Chung

Polyester filament factory self Twelve Since the month, production and sales have been flat, stock pressure has increased slowly, pet factories are not in good condition from ethylene glycol to Hong Kong. PTA The cost of raw materials is relatively high due to the impact of plant maintenance. All aspects of pressure, new year's Day polyester factory cut production price, urgent shipment! Before the new year's day, the Iraqi military base attacked and foreshadowed. After the new year's day, the situation in the Middle East suddenly became tense. Under the uncertainty of the situation, the international crude oil prices soared day by day, driving the cost of polyester to rise. Although the downstream weaving enterprises had gradually lowered their load, it was right at the Spring Festival stocking node, and the polyester factories continuously stocked up and concentrated their shipments.

Source: lung Chung

At present, the comprehensive starting rate of main weaving production bases in China 43% Ring comparison slipped last week. Twenty-five point five eight A percentage point. When workers return home, they will be delisted. Some of the big factories in Jiangsu and Zhejiang are on holiday. One month Ten day -15 On the day of the lunar calendar, there are still some orders that are expected to be done by the regulatory model companies. One month Twenty Stop working near Japan.

Relations between the US and Iraq have eased recently, there has been no substantial interruption in the supply of crude oil, the increase in US crude oil inventories, the fall in international crude oil prices, the return of market concerns to the fundamentals again, and the end of the Spring Festival stock preparation in the weaving factories, and the rapid drop in the market trading atmosphere. If there is no obvious market support before the Spring Festival, the new investment of raw materials will affect the market mentality. However, the market is deserted in the early part of the Spring Festival, and it is expected that the polyester market will remain stable before the Spring Festival.