Asian PX Continues To Consolidate PTA Costs Have Some Support

Asian PX continued to consolidate, and the price rose by 4 US dollars (0.42%) to 947 US dollars / ton.

Crude oil is running slightly, naphtha is weak, domestic PX load is low, and it has some support for PTA cost.

PTA spot price rose 35 yuan (0.72%) to 4920 yuan / ton.

Due to the successful restart of Ningbo Taiwan and Yisheng Hainan plant, even though the 600 thousand ton plant in Fujian has stopped, the PTA load is close to 7, while the polyester load has dropped to 78% below, corresponding to the PTA load should be about 65%.

on

The current inventory and loss levels may still be negative in the latter stage.

On the other hand, due to the high PTA load, PX profits began to pick up and PTA loss increased.

On the whole,

Supply is rising and stocks are adequate, and downstream consumption continues to weaken. It is expected that prices will remain weak in the late stage.

Jiangsu and Zhejiang

Generally speaking, market pactions are mainly based on contracts, and spot pactions are mediocre, mostly for rigid demand.

In addition to some regular small pactions, there are about 200-300 tons of medium and odd replenishment, with a focus of 6800-6850 yuan / ton cash.

As of June 26th, the domestic PTA plant operating rate dropped to 68.1% (2.7% less than last week), and the downstream polyester operation rate was 77.8% (0.02% lower than last week), and the load of Jiangsu and Zhejiang looms dropped to 70% (down 5% from last week).

PTA factory stock for 3-5 days, polyester factory stock for 3-6 days.

Polyester yarn prices continue to follow the reduction of raw materials, of which pure polyester yarn has a larger reduction rate, at 100-200 yuan / ton; polyester cotton yarn prices of individual varieties have been slightly reduced.

Shengze market pure polyester yarn overall trading volume is still less, 32S mainstream offer 12000 yuan / ton up and down (-100), 45S sales slightly better, mainstream quotation 13200 yuan / ton near (-100).

Shandong Changyi market yarn prices are mainly weak stability, the market is generally flat.

Pure polyester yarn scattered bulk bulk pactions, 32S mainstream newspaper 12100 yuan / ton near (-200).

The price of polyester cotton yarn is weak, and it is mostly produced according to single production. The price of T65/C3521S imported cotton machine needles used in a factory in Shandong is 17600 yuan / ton, and the price of T65/C3540S high matching machine is 17400 yuan / ton.

In June 26th, the average price of pure polyester yarn 32S market decreased by 215 yuan to 11835 yuan / ton, and the average price of T65/C3545S market decreased by 30 yuan to 18510 yuan / ton.