July PX ACP Negotiations Offer A Large Gap Between Quotations Daily Chemical Fiber Market Bulletin (6.30)

　　 Raw material Market

On 1.6 June 29, New York crude oil futures in August fell 1.21 dollars, tied 39.70 yuan / barrel; Brent futures rose 0.69 US dollars in August, clearing 41.71 yuan / barrel.

On 2.6 29, Japan's naphtha fell 22.38 US dollars to 356.75 US dollars per ton.

Opening on 3.6 February 29, the Asian parylene market was weaker, and the price fell from 21.33 US dollars to 531 US dollars / ton CFR in June 26th. Taiwan / Mainland China and 513 US dollars / ton FOB Korea were in line with the downward trend of upstream crude oil comprehensive quotation and other aromatics products prices. 4. PTA futures continued to narrow in the afternoon. The spot offer was based on the 09 contract of 75 yuan, with a discount of 80-85 yuan and a turnover of 3568 yuan / ton in the afternoon and 3572 yuan / ton (self mention). The PX offer is relatively high today. In August, the shipment was quoted at 543 US dollars / ton; 9 monthly offer $568 / ton; the PTA external supplier's one day tour price was maintained at 455 US dollars / ton, and the shipping negotiable estimate of US $420-425 / ton.

5. afternoon MEG futures were weak and volatile, and the spot discount 09 contract was 110-130 yuan, and the spot price was 3490 yuan / ton, the delivery rate was 3485 yuan / ton, and 3535 yuan / ton in the 7 month. In the afternoon, the MEG external market was deadlocked. In July, the shipping quote was $420 / ton or slightly higher, and it was estimated to be around us $415 / ton, and the estimated $415 / tonne was slightly higher. 7. Yisheng Petrochemical sold 5 US dollars to 455 dollars / ton in June 29th PTA US dollar. A mainstream supplier in July issued a MEG contract pre payment of 3800 yuan / ton (Cheng Dui).

6. Yisheng Petrochemical Company's selling price of PTA US dollars was maintained at US $455 / ton in June 30th.

7. a new PTA device, which was put into operation in the Northeast in June 28th, was successfully launched at one time, and qualified products were successfully produced yesterday afternoon.

The progress of PX ACP negotiations in 8.7 months: at present, the buyer's delivery is at US $430-450 / ton, and the seller's offer is maintained at US $660-690 / tonne (CFR Asia).

9. a 600 thousand ton PTA plant in East China was planned to be overhauled at the end of June. It is now postponed. Another 1 million 400 thousand ton PTA plant in East China was scheduled to be overhauled for 2 weeks in late July, and is now postponed to August.

10. compared with yesterday, PTA's internal market was stable at 3565 yuan / ton, MEG's internal disk was stable at 3497 yuan / ton, and the conversion cost of polyester was stable at 4220 yuan / ton.

11. the Huaxi Village Mercantile Exchange glycol 2008 closed at 3558, trading 30382 hands, holding down 2066 to 69642 hands.

Downstream dynamics

1. today, the trend of PTA futures is sorted out. The partial preferential treatment of polyester factories in Zhejiang market has been enlarged, and the focus of the transaction has continued to decline. Downstream procurement is still more cautious, in addition to individual factories shipped slightly better, polyester market overall trading atmosphere is still thin. It is expected that the centre of gravity of polyester filament will remain weak in the short term. At present, the mainstream of POY 100D/36F quotation is between 5550-5700 yuan / ton, and the mainstream of FDY 75D/36F quotation is between 6250-6350 yuan / ton, and the mainstream of DTY 75D/36F quotation is between 8150-8300 yuan / ton.

2. today, the turnover of polyester and silk in Jiangsu and Zhejiang provinces is still light. Some factories are better. Some POY production and marketing are 40%, 20%, 30%, 130% and 60%; some FDY production and sales are 20%, 30%, 180%, 90% and 60%; some DTY production and marketing are 60%, 60%, 90%, and 60%.

3. today, Jiangsu and Zhejiang semi light chip market is still trading light, heard some small and medium-sized negotiations only part of the 4600-4700 yuan / ton (cash) nearby.

4. this morning, Jiangsu and Zhejiang polyester staple fiber manufacturers offer stable prices, wait-and-see mentality is strong, talk about shipping, 1.4D mainstream offer at 5600-6000 yuan / ton, solid negotiation or around 5500-5700 yuan / ton, a single talk.

5. Ningbo Qudi polyester staple fiber price maintenance, preferential increase, 1.4D half light report 5600 yuan / ton factory, a car discount 50, three car discount 100, imitation feather and silicon price 6000 yuan / ton tax included factory.

6. the market prices of polyester staple fiber in Shandong and Hebei continue to be weak, and the talks are mainly about shipments. There is only a small talk between half 1.4D or 5600-5800 yuan / ton. The price of Fujian polyester staple fiber market has been maintained, the trading atmosphere is light, negotiation is being made, and 1.4D offers 5900 yuan / ton short distance to deliver, solid negotiation or 5700-5800 yuan / ton.

7. Ningbo Dafa low melting point polyester staple fiber price reduction, 4D low melting point price in 7500 yuan / ton.

8. the price of pure polyester yarn in Shengze area showed a downward trend, the mainstream of T32S was 9700-9800 yuan / ton, and the mainstream of T50S was around 11600-11700 yuan / ton.