PTA Futures Rose And Polyester Manufacturers Watched More

Although crude oil fell overnight, but yesterday PX rose 20 U.S. dollars / ton, early PTA futures rose better, polyester and short manufacturers more flat watch, Jiangsu and Zhejiang 1.4D direct spinning Polyester and short Market The mainstream newspaper is 7300-7400 yuan / ton factory, the transaction still talks, the downstream wait-and-see is mainly, the pre holiday replenishment will is not strong.

Fujian Polyester continues to lead the market. offer The average price of 1.4D direct spinning polyester and short market has dropped to 7200 yuan / ton, and the market mentality is weak. The bearish sentiment is still dominant, so it is difficult for manufacturers to produce and sell products.

The market atmosphere of Shandong and Hebei is light, short and weak, 1.4 direct spinning, short mainstream newspaper 7500-7600 yuan / ton, downstream market will be low, just need procurement.

Shandong Changyi market yarn sales are weak, offer confusion. Pure polyester yarn price is weak, 32S mainstream newspaper 12000-12100 yuan / ton, negotiated more. New year's holiday is coming, and there is a certain demand for stocking downstream. At present, polyester and short are at a low price in history. If there is a major positive stimulus, there may be a possibility of dropping volume. Otherwise, prices will continue to bottom.

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Cotton spot prices narrowed narrowing, and now signs of stabilization and bottoming. However, the downward trend of the substitute fiber polyester staple continues and the downward pressure on prices continues.

Up to now, the cotton price trend has narrowed down in December. In the last ten trading days, the spot price of cotton has been consolidated in a single digit, and now signs of stabilization.

Yang Shibin, assistant president of China Textile Industry Federation, said that the price of cotton is now close to the real value of cotton. It is estimated that the market will be bottomed at -14000 yuan per ton of 13000 yuan per ton, and the spot price of cotton is below 13000 yuan per ton.

Stabilizing cotton prices is conducive to upgrading the volume of upstream and downstream markets of cotton. Earlier, the "cliff style" fell, causing cotton traders to dare not buy cotton, while downstream textile enterprises did not agree.

There are differences between cotton and cotton prices. The market price of cotton main alternative fiber polyester staple is fluctuating. Up to now, the price of polyester staple fiber has dropped sharply in December, with a total decline of 11.1%.

Market participants believe that the decline of polyester staple fiber was mainly affected by the sharp fall in cotton prices and the decline in crude oil prices.

The sharp drop in cotton prices in the second half of the year has narrowed the price difference between cotton and polyester staple to the lowest level in recent years. Thus, the substitution advantage of polyester staple is narrowed, and the market pressure is prominent.

At present, polyester staple fiber prices lower than domestic cotton 6000 yuan per ton, compared to the beginning of 2014 yuan 10000 yuan per ton price difference still narrowed substantially.

Some market participants believe that although the polyester industry is affected by overcapacity, the intensity of production reduction is greater at this stage, but the market pressure of low price cotton will be greater.