Polyester Fiber News

This week, the weekly average prices of polyester products and raw material products monitored by Polyester Fiber Information mostly fell and a few rose. The specific products that fell were: polyester chips (-0.37%), PTA (-1.23%), and polyester filaments (-0.37%). 1.55%), PET bottle grade (-1.59%), polyester staple fiber (-2.22%), ethylene glycol (-2.24%); the only rising product is: PX (0.71%). Ethylene glycol was the first decliner, which fell by 2.24% from the previous month. This week, due to the rebound in crude oil prices and the slight delay in the commissioning of new devices, the spot price rebounded to a certain extent, but the overall operation remained weak. The spot basis The premium slightly strengthened and then narrowed again. The second drop was polyester staple fiber, which fell by 2.22% from the previous month. From last Friday to this Tuesday, crude oil fluctuated within a narrow range, PTA and ethylene glycol fluctuated, and polyester staple fiber cost support was insufficient, and new orders from downstream spinning mills were lacking. , The purchase of raw materials is mostly based on rigid demand, the shipment of staple fiber is not smooth, the quotations of staple fiber factories have been lowered one after another, and the focus of market transactions has fallen. PTA Weekly Summary: PTA market fluctuated within a narrow range this week. PTA destocking is good and it is difficult to conceal the negative expectations of new production capacity. The market mentality is cautious. Crude oil surged during the week, which strengthened PTA cost support. This week, the PTA operating load dropped. Although the production capacity was restarted at 1.5 million tons, the new maintenance capacity was 2.09 million tons, and the production reduction lost 2.325 million tons. The downstream polyester operating load remained above 90%, and PTA continued to destock. At the beginning of this week, the downstream polyester filament factory promoted sales. The production and sales of polyester filament were once hot, but the high production and sales lacked sustainability. At present, under the low processing fee of PTA, the whole industry is theoretically losing money. The increase in crude oil has strengthened the support of PTA costs, and the increase in oil prices will quickly be transmitted to PTA. On April 14, the PTA warehouse receipts and effective forecast conversion stocks amounted to about 1.42 million tons, which fell by about 140,000 tons in a single week. The warehouse receipts continued to flow out, which was negative for PTA prices. In the end, the average spot price of PTA closed at 4379 yuan/ton during the week, down 1.23% from the previous week. This week, the average CFR China price of cargo in US dollars closed at US$632/ton, down 2.02% from the previous week.