PTA futures have hit the limit!
Continuously breaking through 6000, 7000, 7500, 7800…
The horse is galloping, approaching the 8,000 mark!
“Another wave of price increases”, “a new high in more than 3 years”, “close to a 5-year high”… In recent days, this Similar words are flooded in the polyester industry chain, from top to bottom, rising continuously, and the market heat continues to heat up. The carnival of the polyester industry chain has continued since the middle of the year, and all major mainstream products are also rejoicing; today we will take stock of the price increases in the polyester industry chain.
PTA: “Price Increase Star”, approaching the highest point in five years!
Fighting index: ★★★★★
This wave of polyester industry In the collective carnival staged by the chain, the “price increase star” is naturally none other than PTA! From being unable to support Adou, he was directly promoted to become the center of attention.
PTA is like a wild horse that has escaped the reins. After breaking through multiple barriers, PTA gallops forward. Since late July, PTA has been a leader in the commodity market and has started a straight-line upward trend; especially in August, the rise has become more intense. In terms of futures, since it broke through 6,000 points, the hype has continued to rise, and then it has broken through 6,800, 7,000, 7,200, 7,500, 7,800… directly approaching the 8,000 point mark, setting a new high in the past four years. The strong rise in futures has led the spot market to rise all the way. The spot price of PTA has risen from 6040-6070 yuan/ton on July 19 to 7700-7750 yuan/ton so far, a significant increase of 1670 yuan/ton, an increase of 27.58 yuan. %, approaching a five-year high.
PX: “Gorgeous turnaround”, hitting a high in more than 3 years!
Combat Index: ★★★★☆
As an important organic chemical industry One of the basic raw materials, PX was once the aromatic hydrocarbon variety with the fastest growing output and was once the focus of market attention; even every market evolution may become a direct challenge to the processing costs of upstream and downstream enterprises at home and abroad. However, in recent years, its performance has become increasingly low-key, showing signs of overall fatigue. It has also been jokingly called a product troubled by “depression.”
Playing a role in this wave of polyester price increases, PX has advanced by leaps and bounds with astonishing momentum; the price center has strongly exceeded 1,000 US dollars/ton and 1,100 US dollars/ton, hitting a record high of nearly three times. After many years of high position, it has ushered in a “magnificent turn”. As of August 14, Asian PX prices rose to US$1,132.83/ton FOB South Korea and US$1,151.83/ton CFR China; European PX prices rose to US$1,060/ton FOB Rotterdam. Will PX be able to break through the 1200 mark in the market outlook and rise back to the price high of gold in August and September of 2014? let us wait and see.
Polyester filament: “Polyester Internet celebrity”, the price increase is happening every day!
Fighting index: ★★★★☆
In polyester price increase On the road, the “Internet celebrity” product of polyester filament cannot be missing no matter what. Polyester yarn can serve as a “polyester Internet celebrity” and it will definitely fulfill its mission; in the past two years, whenever there is any disturbance in the industry, whether it is groundless or true, it will always bring about a wave of price increases. With the continuous escalation of PTA’s rise, the polyester filament market has been booming recently, and prices have continued to jump to new highs.
Polyester filament, which has always been sensitive to the market, has been stimulated by favorable factors from all sides, and its price has continued to rise. The quotations of mainstream manufacturers have also continued to rise and rise every day. Price increase drama. As for production and sales, recently the mainstream production and sales in the polyester market have averaged over 100 daily averages, with outbursts occurring from time to time; there is no so-called inventory pressure at high operating rates. According to statistics from China Silk City Network, the mainstream inventory of the polyester market is currently at a low level during the year, and some products are in short supply, with demand exceeding supply.
Polyester chips: skyrocketing, up 23.23%!
Fighting index: ★★★★
Polyester market since July Since the opening of the upward channel, the price increase in the polyester market has never stopped. Polyester chips have also rebounded aggressively, and the market has skyrocketed. In the past month, the price focus of polyester chips has increased significantly, strongly breaking through the two major levels of 8,000 and 9,000. The current quotation has risen to 9,550-9,650 yuan/ton; it is already close to the high level in nearly four years. The current slice price has increased by nearly 1,800 yuan/ton compared with the price in early July, an increase of 23.23%.
However, behind this wave of price increases, there are Not every type of product leads to a happy life, there are also products that have no choice but to face rising prices and are secretly sad!
MEG: Unsustainable, overtaken by PTA!
Combat Index: ★★ ★
In this wave of polyester price rises, MEG responded slightly slowly; it was not until late July, driven by the market, that MEG accumulated momentum and formed a certain trend. Due to the upward momentum, the price rose to 7,800 yuan/ton by the end of July. Just when the market was speculating whether the MEG market could follow the footsteps of PTA and continue to move forward bravely and return to the high level in mid-April; in August, the MEG rise gradually loosened. , what is even more unexpected is that there has been a downward trend, and the price center of gravity has been retreating. After several surges, the price of PTA has already caught up with MEG, which has been at the forefront!
International Crude oil: The former weather vane, the leading style has drifted away!
Combat Index: ★★
As a benchmark for polyester, international crude oil once made a slight adjustment that affected the nerves of the entire polyester market. However, its performance during this period was unsatisfactory. In mid-July, affected by the resumption of production in Libyan oil fields, crude oil The tight supply situation has eased, and the Sino-US trade friction has triggered market concerns about suppressed demand for crude oil. Oil prices have fallen sharply, almost giving up the gains since the end of June. Especially in August, due to the strengthening of the U.S. dollar, inventory pressure, Due to the negative impact of poor demand prospects, oil prices tend to fluctuate downward. Nowadays, international crude oil not only fails to play a leading role in the polyester market, but is also severely left behind by the increase in polyester prices.
On the whole, the polyester industry chain can be said to have been full of surprises during this period. Can this wave of gains continue to spread in the market outlook, and the price center hit a multi-year high again? Let’s wait and see! </p
