Today’s chemical fiber market
PTA spot market: transaction price is around 3800-3860
Market transaction dynamics: Crude oil prices continue to rise, Polyester production and sales have improved, coupled with the maintenance of individual equipment, the supply and demand of PTA has improved, and the trading atmosphere of PTA during the day is acceptable. Some factories are replenishing goods, and the basis difference has strengthened slightly. The mainstream supply of goods in January is around 190 in May, and some are around 185-187. There was a transaction, the transaction price was around 3800-3860, and the low-end night transaction was completed. In February, the transaction was around 170 discount on 05. Today, the mainstream spot basis in the main port is around 190 discount on 05.
Internal market: PTA futures rose slightly in early trading, and the market negotiation atmosphere was general, with mainly discussions among traders. The spot offer is around 05 discount of 175, the supply offer at the end of January is around 05 discount of 185, the offer is at 05 discount of 190, and the negotiated price range is 3800-3860 yuan/ton. 2. The supply quotation is at 05 with a discount of 165, and the offer is at 05 with a discount of 170. It is reported that the supply transaction at the end of early trading was around 190 discount on 05.
PTA futures performed strongly in the afternoon, with the basis slightly strengthening. The January supply was negotiated around the discount of 185-190 in 05.
U.S. dollar market: The U.S. dollar PTA market price remains at a high level, the domestic bidding atmosphere is light, and there is little news about negotiations. With foreign demand maintained, the price of PX has slightly corrected, but the offer price remains high, with some offers above 540, and no transactions have been heard yet. Downstream production and sales: Today, the production and sales of direct-spun polyester staple goods have rebounded, with an average of around 90%. The production and sales of some factories are: 5%, 30%, 260%, 150%, 200%, 0%, 50%, 100%, 20%.
The overall production and sales of polyester yarn in Jiangsu and Zhejiang have rebounded today, with an average estimate of 120-130% around 3 p.m. The production and sales of several factories in Jiangsu and Zhejiang are at 200%, 100%, 200%, 0%, 200%, 40 %, 265%, 65%, 170%, 150%, 80%, 90%, 1000%, 100%, 40%, 150%, 120%, 120%, 60%, 200%, 300%, 50%, 60%, 40%, 200%, 35%, 90%, 0%. Brief analysis of the market outlook: From the fundamentals of the market outlook, Fuhua and Baihong are expected to restart and put into production in the second half of the year, with supply gradually increasing. In addition, the recent outbreak of the epidemic has encouraged employees to celebrate the New Year in place, which may provide support for polyester loads. The accumulation range has been slightly reduced, and there may be support at the bottom of PTA. Pay attention to changes in the cost side. Under long-term high inventory, the processing difference of PTA still shows compression pressure.
Jiangsu and Zhejiang polyester filament yarn: short-term expected silk prices are strong
Cixi chip spinning price increased by 100, POY75/36 (150) white silk 6000 -6050, black silk 6700-6800; Zhuji sliced spinning price increased by 100, POY75/36 (152) white silk was around 6300, black silk was around 6800, and the arrears price was 200 higher.
Today, the polyester POY part of Jiangsu and Zhejiang rose by 50-100. For example, Tongkun and Xinfengming in the Tongxiang direction increased by 50-100, Hengyi, Rongsheng, and Southeast in the Xiaoshan direction were stable, Lianda’s discount was cancelled, Senkai increased by 100, and Dawo, Quandi, Huaxing, etc. in the Ningbo direction In the Taicang direction, Shenjiu and Huaru rose by 50-100, while Shenghong, Haixin and Sanfangxiang rose by 50.
Today, Jiangsu and Zhejiang polyester FDY rose 50-100, some 200-250. Except for Jiabao and Shenghong, stocks such as Hengyi rose by 50-100, Hengli rose by 100-200, Tongkun rose by 50-100, Rongsheng rose by 50-250, Tianshengduo rose by 50-100, and Xinfengming rose by 50-100. It rose by 50-100, Huaya part rose by 50-200, Huaxiang rose by 100 individually, Sanfangxiang rose by 50-100, Xinxin rose by 50-150, etc.
Today, DTY of major factories in Jiangsu and Zhejiang rose by 50-100 in some cases, and 150 in some cases. In addition to Shenghong, Rongsheng, Huaxiang and Huaqing, stocks such as Hengyi rose partially by 50-150, Tongkun rose by 50-100, Kaishi rose by 50, Xinghui rose by 50, Senkai rose by 100, etc. The DTY of small and medium-sized companies increased by 50, and the market transaction atmosphere was acceptable.
CCF today’s polyester raw material price reference: PTA internal price: 3835 (+90), MEG internal price: 4600 (+97), polyester cost: 4820 (+109); CCF’s average price in the last ten working days Price reference: PTA average internal price: 3728, MEG internal average price: 4403, polyester average cost: 4662. (Unit: yuan/ton. Applicable to conventional polyester equipment, cash, excluding freight)
Today’s summary and outlook: Today, Jiangsu and Zhejiang polyester yarn prices were raised partially by 50-100 yuan, and individually by 150-250 yuan. Overall production and sales pick up. The trend of crude oil is strong during the day, and polyester raw materials have risen sharply. Driven by this, terminals continue to restock. The market atmosphere is good, and the overall silk price is expected to be strong in the short term.
Polyester chips: Prices move up following costs Market performance: Due to the sharp rise in crude oil, polyester raw materials surged again during the day. Today’s polyester chip factory quotations are stable and trading The atmosphere has picked up, with semi-gloss mainstream factory quotations reaching 5,150-5,250 yuan/ton, and glossy mainstream factory quotations reaching 5,300-5,380 yuan/ton, which are slightly higher and slightly lower in some parts, and the focus of transactions has increased moderately. In terms of quotation: Rongsheng Petrochemical’s polyester semi-glossy slices are quoted at 5,250-5,350 yuan/ton in cash, and glossy slices are quoted at 5,350-5,450 yuan/ton in cash. Hengyi Petrochemical PolyesterThe cash price for glossy slices is 5,255 yuan/ton, and the cash price for glossy slices is 5,385 yuan/ton. Zhejiang Juxing polyester semi-gloss chips are quoted at 5,250 yuan/ton in cash. Zhejiang Wankai polyester glossy chips are quoted at 5,650 yuan/ton in cash. In terms of transactions: polyester chips were traded in moderate amounts, with a slight increase in the center of gravity. The mainstream semi-gloss price was 5,150-5,200 yuan/ton in cash, slightly higher around 5,250 yuan/ton, and some were slightly lower than 5,130 yuan/ton in cash. Xiao Shao Several mid-order orders in the market were sold at 5150, 5180, and 5200 yuan/ton in cash. The mainstream price of some light products was 5300-5380 yuan/ton in cash. Some of them were slightly within the range, and the transactions were mainly within the price range. In terms of production and sales: the overall production and sales of polyester yarn in Jiangsu and Zhejiang have rebounded today, with an average estimate of 120-130% by around 3 pm. The production and sales of several factories in Jiangsu and Zhejiang are at 200%, 100%, 200%, 0%, 200 %, 40%, 265%, 65%, 170%, 150%, 80%, 90%, 1000%, 100%, 40%, 150%, 120%, 120%, 60%, 200%, 300%, 50%, 60%, 40%, 200%, 35%, 90%, 0%. In terms of chip spinning: Cixi chip spinning price increased by 100, POY75/36 (150) white silk 6000-6050, black silk 6700-6800; Zhuji chip spinning price increased by 100, POY75/36 (152) White silk is about 6,300, black silk is about 6,800, and the outstanding price is two hundred higher. A brief analysis of the market outlook: Crude oil fluctuates at high levels, and short-term polyester cost-end support is still strong. Prices follow costs and move up due to slice cash flow losses, but terminals face weakness in the later period, and market follow-up is limited. It is expected that the short-term polyester chips market will mainly fluctuate in a range, and attention will be paid to the macroscopic aspect, polyester raw material prices and terminal demand. <br
