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January 22Nd Market Morning Post: Polyester Staple Fiber Prices Or Follow Strong Raw Material Operation

2019/1/23 10:33:00 20

Polyester Staple Price

Varieties

January 21st price

Ups and downs

Company

crude oil

WTI

-

-

USD / barrel

Brent

Sixty-two point seven four

+0.04

USD / barrel

raw material

PX

One thousand and ninety-two point five

+22.5

US dollar / ton

PTA

Six thousand five hundred and twenty

+195

Yuan / ton

MEG

Five thousand one hundred and five

+110

Yuan / ton

Psf

Jiangsu and Zhejiang market

Eight thousand and eight hundred

+125

Yuan / ton

Fujian Market

Eight thousand eight hundred and fifty

+150

Yuan / ton

Shandong and Hebei markets

Eight thousand eight hundred and fifty

+25

Yuan / ton

downstream

T32S

13200-13400

+50

Yuan / ton

T40S/2

17900-18000

+100

Yuan / ton

Macro news

China's macro-economic data in December were slightly warmer, with above scale industrial added value and retail sales of consumer goods exceeding expectations.

China's GDP growth rate was 6.6% in 2018, achieving the expected development target. The fourth quarter GDP growth rate reached a low of nearly ten years.

China's demographic dividend weakened: the birth rate was the lowest in 2018, and the labour force fell for the first time.

Forecast today

The PTA futures market continued to rise, while the short term tight situation of polyester staple enterprises is still difficult to alleviate, and prices or raw materials are running strong. However, the downstream market has gradually entered the closing market, and the enthusiasm for high price short and short chase is limited.

Industry start up rate

industry

January 18th

January 21st

change

PTA

77.22%

81.60%

+4.38%

polyester

81.59%

80.83%

-0.76%

Psf

80.49%

78.70%

-1.79%

Jiangsu and Zhejiang looms

55%

55%

0%

Note: PTA capacity base is 51 million 290 thousand tons statistics, polyester capacity base of 54 million 860 thousand tons statistics, polyester staple capacity base of 7 million 371 thousand tons statistics.

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January 22Nd Market Morning Post: Polyester Chip Quotes Slightly Raised, But Not Enough To Catch Up With High Prices.

Double raw materials rose continuously to boost the confidence of polyester market. Yesterday (January 21, 2019) PET chip quotations were slightly raised, but the margin was limited. near