PTA, Ethylene Glycol Rebound! By "Dongfeng", Polyester Production And Marketing Will Usher In A Good Start In June.

On the first day of June, the production and marketing of polyester market has a good start.

The mainstream factories in Jiangsu and Zhejiang provinces have broken hundreds of polyester production and sales, and the manufacturers' low price shipment stimulates the purchasing enthusiasm of the weaving Market. Among them, some POY production and sales are 100%, 200% and 100%; some FDY production and marketing are 260%, 250% and 120%; and some DTY production and marketing are 75%, 100%, 80%.

　　 Recently, apart from the preferential promotion of POY factory, the production and marketing of POY has been welcomed by a "little spring", and the rest of the time has been maintained at around 3-5. And the 1 day production and marketing is broken. In addition to the factory's preferential sales promotion factory, the low price goods are also related to other factors.

01

Polyester raw materials market strong assist

In the past two months, international oil prices have experienced two very different historical ups and downs. In April, the US WTI crude oil prices fell into negative territory for the first time in history. In May, due to the OPEC + production reduction plan, the US oil drilling platform decreased for eleven consecutive weeks, OPEC crude oil output dropped to the lowest level in 20 years, international oil prices rose sharply, WTI rose by nearly 90%, the biggest increase in history, and Brent crude oil futures rose the largest since 1999.

1, on the occasion of the upcoming meeting of OPEC+ to discuss the next step in the production reduction operation, Russian President Putin and President Trent talked about the OPEC+ agreement.

Moscow Kremlin announced on Monday that Putin and Trump said on the phone that the two sides' active support for multilateral agreements has brought about gradual recovery of oil demand and price stabilization. On the same day, international oil prices varied. The whole day showed a V trend. Brent touched nearly $38.68 a barrel in the original oil pan for nearly three months.

Crude oil rose strongly, polyester products rebounded, 1 days, PTA and ethylene glycol futures prices stood on 3700 points again.

　　 PTA aspect The 2009 main contract of PTA futures of Zheng Shang is closed at 3706 yuan / ton, up 74 yuan / ton compared with the previous trading day, or 2.04%.

　 　 Glycol side The 2009 contract of the futures market for ethylene glycol futures of the big business office closed at 3793 yuan / ton, up 69 yuan / ton compared with the previous trading day, or 1.85%.

　　 As the most direct raw material of polyester filament, the rebound of PTA and ethylene glycol market has always brought some stimulation to polyester production and marketing, especially in PTA. Once it is booming, the production and sale of polyester will inevitably be "one hundred calls." On the two day, although PTA futures rose by 2.04%, it has been a rare market for the PTA market, which has been sluggish lately. Upstream polyester raw materials market strong performance, but also for polyester production and marketing a shot of "strong heart"!

02

Regular replenishment nodes at the beginning of the month

For a long time, the beginning of the month and the end of this month have been important nodes for raw material procurement of weaving factories. Although this year, the downstream weaving factories, due to the overall market bias and other factors, most factories have implemented the operation of lowering the starting line. The overall opening rate of the weaving market has remained at around 75%, compared with the same period in previous years, which has reduced by nearly 15%. Orders are also missing, and production and marketing are hard to maintain. But after the May 1 holiday, the start-up rate of factories is higher than that in April.

The price of raw materials has been in the form of a sharp rise and fall in recent years, resulting in a lot of weaving factories gradually becoming cautious about raw material procurement. Even if the price of raw materials is low, the fluctuation is too large, which has hit the enthusiasm of manufacturers and is not easy to make.

The price of raw materials is more stable in recent years, especially on the 1 day. After a week's decline, the price of polyester filament products has risen slightly. On the 2 day, polyester prices continue to rise. The price of manufacturers' quotations is about 40 yuan / ton. Up to now, the price of polyester filament FDY products is about 6270 yuan / ton, POY products quoted price is about 5420 yuan / ton, and DTY products quoted price is around 7100 yuan / ton.

　　 This year, manufacturers take a much more wait-and-see attitude towards raw materials. There is not much stockpiling in the early stage. In order to ensure normal production demand, there is also a need for raw material procurement, and the price of raw materials is stable, which has boosted confidence for weaving factories to buy raw materials.

afterword

With these "Dongfeng", polyester production and marketing 1 days ushered in "a good start." However, Xiaobian believes that polyester production and sales are still under pressure for a short time.

Looking at the current market situation, although domestic trade has improved, but the cake is too small a lot of people; foreign trade demand is worrying, in recent days, the black American protests and intensified activities, but also caused global market concerns about the economy, the economic downturn led to a chaotic parade, the more chaotic, the more difficult economic recovery, into a vicious circle. Conduction to the textile market, demand is sluggish, natural production and marketing is difficult to continue.

On the 2 day, the production and sale of polyester products dropped significantly, and the production and sales of mainstream factories reached 6 percent. Sure enough, polyester production and marketing still can not be separated from the "one day tour" market.