Polyester Raw Materials Market Weekly Review Low Turnover Atmosphere

In the fourth week of June 2015, the price of PET staple continued to decline, and the focus was less than 100 yuan last week.

Although the upstream raw material market has dropped slightly this week, the price of yarn and cloth is slack in the off-season, and the price of dragging polyester staple is difficult to stop.

The overall atmosphere of the polyester staple market is low, and the purchasing attitude of traders and downstream mills is negative.

The mainstream of 1.4D direct spinning polyester staple market in Jiangsu and Zhejiang is reported to be 7450-7550 yuan / ton, and the actual turnover is much more negotiable. The mainstream quotation of Fujian 1.4D direct spinning polyester staple market is 7250-7350 yuan / ton short delivery; the mainstream of Shandong and Hebei 1.4 direct spinning polyester staple is reported to be 7450-7550 yuan / ton.

The cash flow of polyester staple is in a state of loss for a long time, and in July, it is expected that the main intention of shipments is to reduce shipments.

Late or continued downward slide.

Attention should still be paid to crude oil, PTA futures and polyester and downstream cotton mill maintenance.

June 26th statistics, 1.4D direct spinning

The cumulative price dropped slightly from 95 yuan to 7475 yuan / ton, or 1.25%, still running below 8000 yuan / ton, which is 5816 yuan / ton lower than the domestic 3128B cotton spot price index in the same period. The price difference increased 51 yuan / ton compared with last week. The cash flow loss of polyester staple fiber was near 300 yuan / ton; the opening load was 66.4% (-0.01%), and the mainstream factory inventory was 16-21 days (+1), partly lower.

New York crude oil futures continued to consolidate; Asian PX,

And MEG internal market spot rebounded slightly rebounded; polyester chip prices continued to drop slightly.

New York crude oil futures continued to consolidate.

On the 23 day, the market expected the decline in US crude oil supply and the prospect of deteriorating relations between the US and Russia, pushing oil prices to nearly two weeks high, with the main contract closed at $61.01 per barrel in August.

However, the 24 day report showed that crude oil output continued to increase last week, while the gasoline stocks in the same period showed an unexpected trend of growth, while oil prices were under pressure and the main contract was down at $60.27 a barrel.

On the 25-26 day, investors watched the development of the Greek debt crisis. Meanwhile, the negotiations on the Iran nuclear development project were approaching the deadline. Once the trade sanctions were lifted through the agreement, more crude oil would enter the global market. The worry of over demand led to oil prices falling below $60 a barrel, and the main contract in August fell to $59.63 a barrel.

Oil prices rose 2 cents in the week based on the main contract offer.