Lower Purchasing Enthusiasm Has Come Down - Daily Chemical Fiber Market Bulletin (5.21)

　　 Raw material Market

On 1.5 June 20, New York crude oil futures rose 1.53 US dollars in July, tied 33.49 yuan / barrel, and Brent futures rose 1.10 US dollars in July, settling 35.75 yuan / barrel.

On 2.5 20, Japan's naphtha increased by 2.25 US dollars to 290.38 US dollars per ton.

3. in the upstream and downstream market trend is inconsistent, in May 20th, Asia's p-xylene stabilized at 507.12 US dollars / ton CFR Taiwan / Mainland China and 489.17 US dollars / ton FOB Korea.

4. in the afternoon, PTA futures were volatile, and the main port of Hong Kong was quoted at the tender price of 09 yuan. The contract was 120-135 yuan, with a discount of 135 yuan, and the negotiation was estimated at 3570-3590 yuan / ton. PX continues to be strong this year. The 7 monthly report is 520vs500 USD / ton, and the PTA external supplier's one day tour price is up to US $450 / tonne.

5. afternoon MEG futures shake finishing, this week goods reported 3640 yuan / ton near, delivery 3630 yuan / ton nearby, 6 months next goods reported 3690 yuan / ton nearby. The MEG was strong in the afternoon. In June, the shipping offer was close to $430 / ton, and it was negotiated at $420-425 / ton for $428-430 / ton.

6. Yisheng Petrochemical's PTA US dollar selling price rose 10 US dollars to 450 US dollars / ton in May 21st.

7. northeast two sets of 900 thousand tons of MEG device to reduce the negative, plans to reduce production to 7-8 or so, part of the conversion to produce other olefin products. Recently, a 750 thousand ton MEG plant in Zhejiang has also been converted into production, and the load is now around 6.

6. compared with yesterday, PTA's internal market rose 20 to 3575 yuan / ton, MEG's internal market rose 40 to 3620 yuan / ton, and the conversion cost of polyester increased 30 to 4269 yuan / ton.

7. the Huaxi Village Mercantile Exchange glycol 2007 closed at 3750, rose 56 points, traded 35360 hands, and reduced 6250 positions to 72252 hands.

Downstream dynamics

1. today, the PTA futures trend is stronger, and the price of polyester factories in Zhejiang market is still rising. Downstream purchasing enthusiasm has dropped, the overall production and sales significantly reduced, individual low-cost factories slightly better. It is expected that the centre of gravity of polyester filament will be narrowed in a short time. At present, the mainstream of POY 100D/36F quotation is between 5700-5800 yuan / ton, and the mainstream of FDY 75D/36F quotation is between 6600-6700 yuan / ton, and the mainstream of DTY 75D/36F quotation is between 8400-8600 yuan / ton.

2. today, Jiangsu and Zhejiang polyester trading situation significantly lower than yesterday, the mainstream factory production and sales in 60-80%, better factories near 110%, individual can reach 200%.

3. today, the market of semi - light chips in Jiangsu and Zhejiang is not good. We heard that some small and medium-sized orders were in the vicinity of 4700-4800 yuan / ton (cash).

4. this morning, Jiangsu and Zhejiang polyester staple fiber manufacturers' quotations rose slightly, and the enterprises did not increase their prices to discuss concessions. 1.4D's mainstream offer was around 6000-6200 yuan / ton, or a single negotiation or around 5850-6000 yuan / ton.

5. the market price of polyester staple fiber in Shandong and Hebei has risen slightly, and the trading atmosphere is generally normal. The negotiations are only half 1.4D or 5900-6100 yuan / ton.

6. the price of Fujian polyester staple fiber market has risen a lot. The center of gravity of the price has gone up slightly. The 1.4D quoted price is 6200 yuan / ton short distance to deliver, solid negotiation or 5950-6050 yuan / ton.

7. recently, the price of low melting point polyester staple fiber is relatively stable. Some manufacturers offer 4D price of 7800 yuan / ton.

8. the price of pure polyester yarn in Shengze area is slightly higher today when the short and short polyester raw materials rise and the downstream orders appear slightly. The mainstream of T32S is about 9800-10000 yuan / ton, and the mainstream of T50S is about 11700-11900 yuan / ton.