Viscose Staple Fiber New Single Weak Polyester Short Market Overnight Oil Prices Rose

Viscose staple fiber market mentality has divergent, the new signing rate of the industry has been lower, downstream of the late market there are some concerns, wait-and-see mentality has gradually gained the upper hand.

There is always a shrinkage.

In terms of market prices, mainstream manufacturers are supported by previous orders, their mentality is relatively stable, and price execution is maintained.

High end mainstream trading center of gravity at 14800 yuan, some slightly lower at 14700 yuan / ton.

The price gap between the central and the mainland is relatively large, and the mainstream paction is at 14600 yuan. Some of the higher prices still insist on 14800 yuan, and some of them are on the low side, with a turnover of 14400 yuan / ton.

The price of Fujian cotton yarn is generally stable.

40S cash quotation maintained at 20500 yuan / ton, orders slightly slower than before, cotton mill homeopathic delivery.

Viscose staple fiber overall industry fundamentals continue to continue a good trend, the industry's confidence in the latter market is weakening, making the new signboard sales rate lower.

Prices are expected to remain stable in the short term.

The price of oil has risen sharply overnight.

Basically stable, Jiangsu and Zhejiang 1.4D direct spinning polyester and short market mainstream reported 6850-6950 yuan / ton factory, the deal can be discussed.

Today, Fujian polyester short market quotation is stable, 1.4D direct spinning polyester and short market mainstream newspaper 6700-6900 yuan / ton short delivery, the actual deal can be negotiated, early PTA futures opened slightly stronger shock.

Shandong and Hebei markets are stable and short quotation, 1.4 direct spinning polyester short mainstream newspaper 6950-7050 yuan / ton to deliver, the actual deal can be negotiated, the market mentality is cautious, wait and see, goods are the main ones.

The market price of Shandong Changyi yarn is weak and stable, and the volume of trading remains at the early stage.

Pure polyester yarn price change little, 32S mainstream newspaper near 10900 yuan / ton.

Later, we need to pay attention to oil price and upstream PTA operation.

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In late October, large domestic manufacturers such as Yanda Shanda and other enterprises stopped production and overhaul, and bought a lot of stock in the market, so that the supply side tightened, PTA spot prices rose significantly, and led futures contracts rose in recent months.

At the same time, PTA inventory is at a low level, the current PTA plant and polyester factory PTA inventory is in the range of 3 to 5 days, the warehouse receipt is only about 37 thousand tons.

In addition, the recent market rumors that Sinopec took over Tenglong aromatics project is also conducive to the spot market speculation.

On the whole, the PTA market is still oversupply, and the tight supply in the spot market is only a short-term phenomenon.

In October 25th, the Yanda Shanda second-line 3 million 750 thousand ton plant began to repair the vehicle ahead of schedule this week, and extended the annual overhaul to January 2016, and planned for about 15 days.

It is estimated that the overall load of PTA industry will increase significantly in November, which will exceed 70%.

With the gradual rise of PTA supply, inventory will also be in a cumulative process.