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Review And Outlook Of PET Staple Market During National Day Holiday

2019/10/8 12:58:00 32

Before the national day, polyester staple fiber suppliers continue to give up promotions, and the inventory level of enterprises is at a low level. However, during the holiday season, the market was scarce, and the level of factory inventory increased after the holiday. However, due to the limited stockings in the lower reaches of the festival, the post holiday market is facing some rigid demand, and there is a big factory overhaul plan for PTA. The cash flow of short staple fibers has already lost money.

Price changes of upstream related varieties before and after National Day

Varieties	Company	Nine 30 June	Ten 1 June	Ten 2 June	Ten 3 June	Ten 4 June	Ten 7 June
WTI	USD / barrel	Fifty-four point zero seven	Fifty-three point six two	Fifty-two point six four	Fifty-two point four five	Fifty-two point eight one	Fifty-two point seven five
Brent	USD / barrel	Sixty point seven eight	Fifty-eight point eight nine	Fifty-seven point six nine	Fifty-seven point seven one	Fifty-eight point three seven	Fifty-eight point three five
PX	US dollar / ton	Seven hundred and ninety-four point one seven	Seven hundred and eighty-nine point three three	Seven hundred and eighty-nine point two five	Seven hundred and eighty point five	Seven hundred and eighty-nine point three three	Eight hundred and two point three three

As shown in the above table, the crude oil in the holiday period showed a general downward trend, but PX first suppressed and then raised, and the closing price in October 7th was slightly upward. And the first trading day after the PTA Festival is the news of overhaul of PTA factory, or the PTA price will form a short-term boost.

And before the beginning of the festival, cotton mills and other enterprises in the other fields have little stocking efforts.

On the whole, the production and marketing of the holiday market is generally dull. The stock level of polyester staple fiber enterprises has increased. Some of the stocks in the post holiday section are too large. Some enterprises may still sell some promotions. However, at present, most of the cash flow of the enterprises is losing money. In addition, the maintenance of the PTA factory or the short-term boost of its price, it is estimated that the price of polyester staple fiber has no obvious decline.