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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

Polyester Filament

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

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%

  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.
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