Polyester And Short Cost Slightly Strengthened, Demand Side Did Not Rise Significantly.

Today, polyester and staple market consolidation and wait-and-see are the main products. The quotations of manufacturers are basically stable. The mainstream of 1.4D direct spinning polyester and short market in Jiangsu and Zhejiang is reported to be 6850-6950 yuan / ton, and the actual deal can be discussed.

Today, Fujian polyester short quotation is stable, 1.4D direct spinning, polyester and short market mainstream report 6800-6900 yuan / ton short delivery, volume, turnover, discount, morning.

After the opening of the futures market, the shocks will be upward.

There is no obvious rebound in demand side. This week, we need to focus on oil prices, PTA futures and upstream operation.

Shandong,

The market is short and short quotation is stable. 1.4 direct spinning polyester short mainstream newspaper is sent to 6950-7050 yuan / ton, the actual paction can be negotiated, the market wait-and-see atmosphere is thicker, inquiry purchase is light.

Shengze market pure polyester yarn price stability is weak, 32S mainstream offer 11100 yuan / ton up and down, 45s sales slightly better, mainstream quotation 12100 yuan / ton nearby.

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Recently, Sinopec's acquisition of Tenglong aromatics up to 80% stake in the news spread in the industry.

Judging from the information from all sides, Tenglong aromatics is more likely to be accepted by SINOPEC. Taking into account more specific negotiations and the more complicated game between buyers and sellers, Tenglong aromatics and the 4 million 500 thousand ton PTA equipment of Xiang Lu Petrochemical Company are less likely to be put into operation during the year.

Against this background, Yisheng Petrochemical Company as a leading enterprise will continue to adopt the overhaul plan to boost the spot market.

Among them, Yisheng Dalian 3 million 300 thousand tons PTA plant plans to overhaul the weekend, and the November contract cargo reduced by 10%.

In short, Yisheng Petrochemical constantly receives goods in the spot market to tighten the supply side, and PTA spot prices rise.

However, as of last Friday, PTA's cash flow reached its highest level this year, 700 yuan / ton.

In addition to the PX security check of the port and the PTA facility's parking service at the end of the month, some 600 thousand tons of small and medium PTA factories are in the restart state. The 3 million 300 thousand ton PTA installation in Yisheng Dalian will also be re opened in mid November.

Therefore, the supply of PTA will gradually increase after mid November.

In the first three quarters of this year, polyester production increased by more than 8% over the same period last year, higher than the same period last year, but China's textile and garment exports declined for the 10 consecutive month.

At present, the downstream textile orders are scarce. Before the end of the year, the market is pessimistic about the terminal demand. It is expected that polyester production will gradually decline after October, and then the demand for PTA will be negative.

In addition, after November, the Yisheng PTA device is restarted and terminal demand weakened, which will lead to PTA's re entry into the inventory cycle.

Therefore, although PTA has tightened up with the supply side in recent years, we believe that the weakening of crude oil prices and the tight supply and demand of PTA will drag PTA futures further upward.