Polyester staple fiber factory inventory is low Polyester yarn center rises
Polyester staple fiber finishing this week. In the first half of the week, the raw materials were high, polyester staple fiber increased slightly, but the turnover was flat. The sales volume of manufacturers decreased slightly from the previous period. The mainstream offer of Jiangsu and Zhejiang 1.4D direct-spun polyester staple fiber was 8350-8500 yuan per ton, and the transaction was 8250-8400. Yuan/ton factory. In the second half of the week, the price of oil rose slightly, but the raw material fell weakly. Polyester staple fiber had a strong wait-and-see attitude, with a slight decline in transaction focus, and the downstream trading was still light. As of Friday, the relative mainstream transaction price of 1.4D direct spinning polyester staple fiber in Jiangsu and Zhejiang was around 8250-8350 yuan per ton, and there was still 8400-8500 yuan per ton factory shipment.
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This week, polyester yarn center of gravity increased, 32S mainstream offer 12300-12400 yuan / ton, sales are acceptable.
Industry News
1. The annual production capacity of polyester staple fiber in 2017 was 6.79 million tons. Among the devices that are calculated but not currently driven in the production capacity are 200,000 tons of Xiangsheng, 200,000 tons of Far East, and 120,000 tons of Shanghai Hengyi, and the remaining unlaunched devices are not included in the capacity.
2. Fujian Xianglu will stop and repair its two polymerization units starting from August 29, which involves 200,000 short fibers and 180,000 filaments (currently not fully operational). It is tentatively scheduled or restarted in mid-September.
3, this week, Sinopec direct spinning polyester staple fiber guide offer: 1.4D light 8750 yuan / ton, 1.2D light 9500 yuan / ton.
4. On July 14, the U.S. International Trade Commission issued an announcement to make an affirmative preliminary ruling on the anti-dumping industry damages of fine denier polyester staple fibres imported from China, India, Korea, and Taiwan, and also on products imported from China and India. To make a definitive preliminary ruling on anti-subsidy industry damage. The U.S. Department of Commerce is expected to make a countervailing preliminary ruling on August 24 this year and make an initial anti-dumping decision on November 7.
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5, raw materials shocks this week down, polyester staple fiber wait and see, trading is not much, downstream manufacturers replenishment from the previous drop, the basic just need to replenishment. Recent polyester staple fiber manufacturers have slightly increased their product inventory, and mainstream manufacturers have inventories for 7-13 days, some of which are slightly higher or lower.
Outlook
In respect of raw materials, crude oil is subject to recent fluctuations, and the supply and demand side is expected to be in balance. Although the recent installation of the PTA has been restarted or is being restarted, the supply side is still tight, and the processing fee is above RMB 1,000. It is still subject to the price of polyester products. Into; MEG recent high-end consolidation. Weekend PTA real-time operating rate of 67.3% (current production capacity of 48.84 million tons), polyester starter load average of around 85.4%.
In terms of demand, the recent return of polyester staple fiber has been stable. Downstream orders have fallen significantly from the previous period, and downstream downstream or just need replenishment.
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On the supply side, the recent decline in raw materials affected the sentiment of polyester staple fiber, the manufacturers' orders were slack, and normal shipments were maintained in the short-term, as inventory was still at a lower middle position, and manufacturers were less likely to ship at low prices.
Overall, the recent adjustment of raw materials, cautious downstream replenishment, low inventory of polyester staple fiber manufacturers still has a certain degree of defensiveness in the short term, but the terminal order is still biased, if the raw materials continue to weaken, polyester staple fiber in the late or slightly Callback possibility. In the later period, it is necessary to pay attention to changes in the price of oil, the trend of PX prices, and orders for downstream yarn manufacturers.
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