[168TEX News] “Oh my God, crude oil has actually pulled back again!!!”
“PTA futures fell sharply today!”
“Oh, polyester can’t bear it anymore, and prices have been adjusted in a big way.”
“The same goes for polyester chips and bottle chips, which have dropped by about 50 yuan per ton.”
On the 24th, there was a cry of decline in the polyester market. The plunge was coming. The “black series” stirred up a pool of “spring water” in the polyester market, which was in sharp contrast to the previous rise.
Crude oil futures, first weekly decline in 6 weeks
Although the number of active oil rigs in the United States has dropped sharply again, as the increase in U.S. crude oil inventories continues to exceed expectations and the rise in the U.S. dollar exchange rate and other factors have caused pressure, concerns caused by the surge in crude oil inventories have revived investor bearish sentiment, causing crude oil futures to The first weekly decline in 6 weeks; as of the 24th, U.S. WTI crude oil May futures closed at $39.46 per barrel, a sharp drop of nearly 3.84% this week, and a price drop of about 4.8% from the high price on the 22nd; Bren Special crude oil closed at $40.44/barrel in May, down about 1.8% this week, and fell sharply by 3.23% from the price on the 22nd.
Bulls left the market and PTA futures fell sharply
Yesterday, the PTA futures price of Zhengzhou Commercial Exchange fell sharply. Among them, the main 1605 contract closed at 4,522 yuan/ton. Compared with the closing price of the previous trading day, it dropped significantly by 142 yuan/ton, or about 3.04%. level; in addition, the 1609 contract was also under pressure and closed at 4,668 yuan/ton. Compared with the closing price of the previous trading day, it dropped significantly by 144 yuan/ton, and the decline was around 2.99%. This round of Zhengzhou Commodity Exchange’s PTA decline has come in a hurry. On the one hand, it is constrained by the weakening of cost support and the negative impact of the correction in crude oil trends; on the other hand, from a financial perspective, due to the obvious decline in positions, it shows that The funds that entered the market in the early stage showed signs of profit-making and leaving the market.
Polyester filament, price focus encounters “Waterloo”
In recent days, the mainstream polyester manufacturers have experienced a slight downward trend, especially on the 24th. The polyester market has frequent discounts, mostly focusing on shipments; for example, the quotation focus of Shengze Shenghong chemical fiber polyester has weakened, among which semi-gloss POY and glossy POY have been reduced by 50-100 yuan. The quotations of semi-glossy FDY 50D/24F are concentrated at 8,400 yuan/ton, and the quotations of semi-glossy FDY 75D/36F are around 7,900 yuan/ton. The quotations of Tongkun Group products have generally fallen by about 100 yuan. POY 75D/36F is quoted at 7,600 yuan/ton, POY 150D/144F is quoted at 7,100 yuan/ton, and POY 150D/288F is quoted at 7,200 yuan/ton. In addition, the quotations of some Xinmin products fell by 50-100 yuan/ton, the quotations of Xinfengming FDY and POY products generally dropped by 100 yuan/ton, and the quotations of Lianda Chemical Fiber generally fell by 100 yuan/ton; in addition, the quotations of Shaoxing Jiabao Chemical Fiber and Nanfang Chemical Fiber products The center of gravity fell by 50-100 yuan/ton.
While the price of polyester filament has encountered “Waterloo”, the production and sales of mainstream polyester and polyester manufacturers have also shown a weak trend in recent days. The purchasing actions of downstream weaving manufacturers have gradually slowed down and become more cautious. Most of them are waiting and watching. The production and sales of mainstream manufacturers in the market have mostly dropped to Around 50-70%. Under the influence of the recent decline in market production and sales, the inventories of mainstream manufacturers have increased slightly; in terms of specific products, the current overall polyester market inventory has slightly increased to around 11-13 days; among which, POY inventory is around 9-11 days, and FDY inventory has been raised to Around 10-12 days, while DTY stocks have risen to around 14-24 days.
Overall, although the overall polyester market is showing a correction trend, in the short term, with the operating rate of the downstream weaving market maintaining a good level, there are not many adverse changes in the terminal market, and market supply and demand are not too pessimistic. The space for a deep decline in the market may be limited. <br /
