Polyester staple fiber prices leapt ahead of the 20,000 yuan mark

At the end of last week, the domestic market for polyester staple fiber was changed, the market was surging, and the price continued to soar. The daily increase was more than 1,000 yuan. After entering this week, the market's gains did not change, and the quotation kept changing to history. The quotation was at 20,000. Yuan Guankou jumped past and did not encounter the slightest resistance. On Wednesday, the market's gains began to slow down, the market sentiment has cooled, and volume has declined. However, due to the inertia of the market, the market price still rose slightly, but the market risk accumulated and the transaction resistance increased. This round of upswings is affected by both the polyester raw materials and the ups and downs of the cotton market. At present, the market supply has increased, but the company's inventory has dropped to a new low, basically a negative inventory. This week, the price of international crude oil prices rose slightly, the price was above US$86, and it is expected that the price of crude oil will still rise. The PX market continues to perform well, with market prices continuing to rise and rising above $100.

The PTA market can be described as a strong market. After a three-day daily limit, the market stopped for a day. Shortly after the market opened on Wednesday, it stopped again. In the spot market, prices have also risen by a corresponding increase. At present, the increase is close to 3,000. The quotation in the market is at 11,600 yuan/ton, and the price in the outer disk is about 1,450 US dollars/ton. The transaction atmosphere in the MEG market declined, the price appeared weak, the price of the mainstream negotiation in the inner disk was RMB 9100/ton, and the external price was USD 1180/ton. Sinopec Group's November price adjustment for polyester slicing was adjusted to 13,500 yuan/ton for half-light chips, 13,500 yuan/ton for light chips and industrial silk grades, and 14,300 yuan/ton for full-extinction chips, up 2300 yuan/ton. Ton. The market of polyester chips is relatively stable, and the market inquiry is normal. The mainstream market price is above 15,000.

Sinopec Group's forecast price for polyester staple fiber in November was adjusted to 1.4D half-light 18100 yuan/ton, 1.2D half-light 18150 yuan/ton, and 1.2D light 19100-19150 yuan/ton (sent). Its market real-time quotes are: 1.4D half light 18800 yuan/ton, 1.2D half light 18850 yuan/ton, 1.2D light 19800-19850 yuan/ton (sent). At present, the domestic mainstream market 1.4D polyester staple fiber to the transaction price range of 20000-20500 yuan / ton (cash or acceptance), this offer rose by 7,000 yuan / ton compared with last week.

Recently, the market for polyester staple fiber in East China has exploded, and its market atmosphere has been extremely active. The market price has risen sharply. The volume of transactions has risen in volume and the trading volume has improved significantly. Polyester staple fiber market under the influence of higher downstream procurement enthusiasm and upstream polyester raw material prices rose, the price upside, while the market also benefited from the improvement of the cotton market continues to heat up, the current market mentality is more complex, wait-and-see mood increased. The production and sales rate of polyester staple fiber companies has risen. The company’s stocks are basically negative stocks. Enterprises are basically produced according to orders, and the dates are scheduled for the end of this month. At present, the local 1.4D polyester staple fiber mainstream cash to the transaction price of 20000-20500 yuan / ton, compared with last week, the market price rose 7,000 yuan, the market outlook is expected to local polyester staple fiber market will still be up.