industry news

Polyester industry chain:

PX Weekly Review: This week, the Asian PX market showed a rise first and then a fall. This week, the average weekly price of CFR China was US$938.6/ton, an increase of 1.80% from the previous month; the average weekly price of FOB Korea was US$918.6/ton, an increase of 1.84% from the previous month. In the early part of this week, concerns about geopolitical conflicts, driven by expectations of demand recovery, international oil prices broke through their highs since December 2014. Downstream PTA also increased significantly due to lower than expected new production capacity and recovery of polyester production and sales. Therefore, both the upstream and the downstream were boosted, and the buying atmosphere on the market was active. The PX talks in the first half of the week rose continuously and reached the $970 mark; however, in the latter part of the week, oil-producing countries had differences in grabbing market share and increasing production. The city was under heavy pressure, causing the PX cost end support to collapse. The main PTA futures prices once fell to the limit, and the spot prices fell concomitantly. In addition, the domestic PX operating load was high, and the pressure of high inventories still existed. Therefore, the positive momentum retreated, and the PX price plummeted late in the week, with a single-day drop of $35. PTA Weekly Review: PTA prices rose first and then fell this week. Crude oil hit a 6-year high this week, and the PTA spot once rose to the highest point since August 2019. However, differences in major oil-producing countries led to increased market concerns. Crude oil plummeted, and PTA followed the decline of crude oil. A set of 2.2 million tons of PTA equipment in East China was overhauled and only one-third of the new capacity was started. PTA was slightly destocked. PTA traders increased their reluctance to sell, and major suppliers continued to sell far futures sources. The downstream polyester has a high start-up load, and the demand for PTA is stable. As of this Thursday, PTA East China market traded 4,955-5,390 yuan/ton; the average price this week was 5,166 yuan/ton, an increase of 1.61% from the previous week. MEG Weekly Review: The ethylene glycol market rose and fell this week. At the beginning of the week, the ethylene glycol market was obviously strengthened by the upward impulse of crude oil prices. However, in the middle of the week, due to the progress of OPEC+ negotiations, the market's expectations for the crude oil price war heated up, and the crude oil highs quickly pulled back. In the ethylene glycol market, many single positions were closed and exited, which led to a substantial decline in the futures disk, and the spot market followed the callback. On July 8th, Zhangjiagang ethylene glycol spot premium 09 contract this week is 25-30 yuan/ton, the offer is 5,010 yuan/ton, and the offer is 5005 yuan/ton. As of July 8, the weekly average spot price of ethylene glycol in Zhangjiagang closed at 5,085.50 yuan/ton, an increase of 2.13% from last week.

Recycled polyester industry chain:

This week, the market prices of the four recycled polyester products monitored by Zhuochuang have gone up. This week, the recycled PET market has risen within a narrow range. The market transaction center has moved upward, with the weekly average price rising by 0.69% month-on-month; the mainstream market price of recycled general fiber is running warm, and the weekly average price has risen by 2.11% month-on-month; the mainstream market price of recycled hollow fiber is under pressure to go up. The weekly average price rose by 2.52% month-on-month; the market price of regrown silk rose, with the weekly average price being 3.00% month-on-month. The market for recycled PET is expected to be deadlocked next week; the market price of recycled ordinary fiber is narrow and weak; the market price of recycled hollow fiber is cautiously on the sidelines; the market price of recycled fiber is weak and fluctuating.

Nylon Industry Chain:

The caprolactam market price remained at a high stalemate this week. The caprolactam market's low-end source price was 14600-14800 yuan/ton, up 450 yuan/ton from last week's closing, and the high-end source price was 14700-14900 yuan/ton accepted short delivery, which was 400 yuan/ton higher than last week's closing. The actual transaction price of the market was narrowly and weakly affected by the styrene disk, and the market for superimposed auxiliary materials continued to rise with insufficient momentum, and the pressure of caprolactam loss fell slightly. This week, the domestic PA6 market tended to be strong. As of Thursday's close, the focus of mainstream shipments of conventional spinning bright slices at the polymerization plant is self-raising with reference to 14,900-15,500 yuan/ton in cash, which is 4.11% higher than the closing price of last Thursday. The average price of conventional spun bright chips this week is referenced to 15,060 yuan/ton, which is 4.73% higher than last week's average price. The cost of the polymerization plant is supported by the support. Therefore, the chip quotations continue to rise, and the low price is reluctant to sell. Traders' quotes are higher, but shipments are not satisfactory. Nylon market prices fluctuated up this week. Semi-gloss DTY70D/24F mainstream negotiation in East China refers to 20000-21,000 yuan/ton; Semi-gloss FDY70D/24F mainstream refers to 18500-19500 yuan/ton; Semi-gloss POY86D/24F mainstream refers to 17600-18200 yuan/ton, and the weekly average prices are respectively They are 1.80%, 2.45%, 3.18%. The price of upstream raw materials continued to rise during the week, and the pressure on cost support increased. Nylon filament manufacturers’ offers followed up. The on-site supply was stable. Although they were actively shipping, some downstream customers had limited acceptance of high prices. The on-site trading atmosphere was general and the overall market Continuing just need to get the goods mainly.

Acrylic fiber industry chain:

The acrylonitrile factory's mentality to keep up with prices continues, and the supply of the industry may shrink slightly due to the impact of factory maintenance. Both the supply and demand sides may stalemate and test, and the price is unlikely to fluctuate significantly. It is expected that the acrylonitrile market price will remain within the range. This week, the acrylic fiber market price range is sorted out. The raw material acrylonitrile price is at a high stalemate, and cost support still exists. The factory installation load of the industry remained relatively low, and the acrylic fiber supply support continued, which supported the factory's attitude of being pricey, and downstream users maintained the idea of just-needing procurement. To the close, the East China acrylic staple fiber 1.5D temporarily refers to 17800-18500 yuan/ton; 3D acrylic tow temporarily refers to 17600-18200 yuan/ton, and the price of 3D acrylic fiber tops temporarily refers to around 19100 yuan/ton. In the short-term, the price of raw material acrylonitrile is unlikely to change significantly, and the cost of acrylic fiber continues to support. Basically, the industry's installation load remains relatively low, downstream demand is temporarily stable, and the mentality of acrylic fiber factories to be very pricey still exists. It is expected that the price of acrylic fiber will be stabilized and the price trend of raw materials will be paid attention to.

Spandex industry chain:

Recently, the domestic PTMEG market in the spandex field is mainly price-keeping, and the cost-side BDO trend is relatively strong. Most of the PTMEG factories have started stable, and the quotations have not changed much. The downstream follow-up on demand, and the trading atmosphere is fair. The domestic pure MDI market rose sharply. Manufacturers supply reduced, the overall domestic market is tight, traders are reluctant to sell and increase, and downstream purchases on demand. Spandex market prices have risen this week. The mainstream negotiation of 20D spandex in Jiangsu and Zhejiang region refers to 93000-98000 yuan/ton; the mainstream negotiation of 30D spandex refers to 82000-85000 yuan/ton; the mainstream negotiation of 40D spandex refers to 70,000-75000 yuan/ton. The weekly average price is 2.04%, 2.48%, respectively. 1.98%. Spandex market prices continued to rise during the week, pure MDI in the upstream raw material market rose broadly, and cost support pressure increased. Spandex manufacturers remained tight, and low prices were hard to find. Orders continued to be delivered. Prices continued to rise. The terminal market just needed to buy. It is heard that some manufacturers do not accept orders for individual batch numbers temporarily, and talk about actual transactions.

Viscose industry chain:

The viscose staple fiber market rose slightly this week. As of Thursday's close, the medium and high-end market prices of viscose short textile fibers refer to RMB 12,900-13,200/ton (acceptance), an increase of 2.35% from the closing price of last Thursday. The average market price of viscose staple fiber this week was 12,950 yuan/ton (acceptance), an increase of 0.39% from the previous month. From the analysis of the reasons, the raw material dissolving pulp market has slightly loosened, the cost side performance is mediocre, the support still exists, and the pressure is slightly reduced. The downstream rayon yarn vortex spinning market demand has improved slightly, and the manufacturers of sticky short yarns are reluctant to sell at low prices, and the offer is raised. However, after the small increase, new transactions were average, and all parties were more cautious. The market price of high white fiber refers to 1,3000-13500 yuan/ton (cash). Compared with last Thursday's closing price rose 0.38%.

The viscose staple fiber market is tentatively rising this week. In the later stage, it is expected that the dissolving pulp may maintain a sideways arrangement in the short term, and there will be no change in the cost side. From the point of view of the supply of sticky short, the inventory of sticky short manufacturers is not under pressure, but new orders are generally accepted, and the start of the operation is still relatively cautious. It is expected that the starting load rate will be stable next week and the spot supply is abundant. In terms of demand, the rayon yarn ring spinning market is still weak, and there is no market for existing prices. All parties have insufficient confidence in the market outlook and continue to wait and see the follow-up of terminal demand. It is expected that the short-term sticky and short-term market consolidation and operation. It is expected that the market price of viscose staple fiber will remain firm next week, with limited fluctuation space, and the price range will be 13000-13300 yuan/ton (acceptance).