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August 16Th Market Morning Post: Short Term Polyester Filament Or Showing Concussion Finishing Trend

2019/8/16 19:12:00 2

International oil prices continue to decline, polyester main raw material PTA is also weak finishing, the cost side has no obvious good; and downstream after the early concentration of the warehouse, there is a certain stock of raw materials, high prices of goods source chasing cautiously, the trading atmosphere return to dull. However, supported by the current low overall inventory, it is expected that polyester filament will present a trend of concussion finishing in the near future.

Varieties		Eight Price 15 / month	Ups and downs	Company
crude oil	WTI	Fifty-four point four seven	-0.76	USD / barrel
crude oil	Brent	Fifty-eight point two three	-1.25	USD / barrel
raw material	PX	Seven hundred and ninety-six	-7.67	US dollar / ton
	PTA	Five thousand and three hundred	-50	Yuan / ton
	MEG	Four thousand four hundred and fifty-five	+20	Yuan / ton
Polyester filament	POY15D/48F	Seven thousand and seven hundred	+25	Yuan / ton
	FDY15D/96F	Seven thousand and eight hundred	+50	Yuan / ton
	DTY15D/48F	Nine thousand and fifty	+50	Yuan / ton
Macro news	(1) U.S. stocks have mixed ups and downs. The 10 year US bond yield has fallen below 1.5% for the first time in three years, and gold has been refreshing for over six years. II. Speech by the responsible person of the Customs Tariff Commission of the State Council 3. Hongkong lowered its annual economic growth forecast to 0% to 1%, pushing 7 rescue measures. 4. China Ping An half year net profit increased by 68% over expected, but foreign investment has been reduced for half a month. 5. The European Central Bank suggested that September's easing efforts far exceeded market expectations. 6. Ali's first quarter revenue of 114 billion 900 million yuan, more than the most optimistic expectations of the market, the stock price rose 3% ⑦ Madoff Ponzi scam aimed at the new target general electric, GM once fell 15% A kind of China's US debt holdings increased by US $2 billion 300 million to US $1 trillion and 110 billion in June and Japan's US debt increased to US $1 trillion and 120 billion.
production and marketing	Polyester production and sales fell sharply yesterday. By the end of 15:45, the direct spinning polyester filament was mainly produced and sold near 4 percent, and some high-end production and sales were 150%. The specific production and sales data were as follows (%): 150, 30, 50, 40, 30, 0, 0, 0, 35, 35, 35, 35, 0, 0, 12, 2, 2, 2, 2, 2, 2, 2, 2, 2, 2, 2, 1, 2, 2, 2, 2, 2, 1, 2, 1, 2, 2, 1, 2, 1, 2, 2, and 1 respectively.
Industry start up rate
industry	Eight 14 June	Eight 15 June	change
PTA	83.06%	83.06%	0%
polyester	86.97%	86.97%	+0.08%
Direct spinning filament	90.38%	90.38%	0%
loom	50.9%	54%	+3.1%

Remarks: the four phase of Hang Bang has been put into operation, and the production capacity of polyester has been revised to 56 million 990 thousand tons.