This week, the focus of polyester yarns rose, 32S mainstream price of 12300-12400 yuan / ton, sales are still acceptable.
Industry News
1. In 2017, the production capacity of polyester staple fiber was 6.79 million tons. Among them, the devices that are calculated in the production capacity but are not currently driving include Xiangsheng 200,000 tons, Far East 200,000 tons, Shanghai Hengyi 120,000 tons, and the remaining un-driving devices are not included in the production capacity.
2, Fujian Xianglu will be on August 29th for its two sets of polymerization equipment for parking maintenance, which involves 200,000 staple fibers and 180,000 filaments (currently not fully operational), is tentatively scheduled or restarted in mid-September.
3. This week, Sinopec direct-spun polyester staple fiber guide price: 1.4D semi-light 8750 yuan / ton, 1.2D light 9500 yuan / ton.
4. On July 14, the US International Trade Commission issued an announcement to make a preliminary preliminary ruling on anti-dumping industry damage for fine-denier polyester staple fibers imported from mainland China, India, South Korea and Taiwan, as well as products imported from China and India. Affirmative preliminary ruling on countervailing industry damage. The US Department of Commerce is expected to make a preliminary anti-subsidy ruling on August 24 this year and a preliminary anti-dumping ruling on November 7.
5. This week, the raw materials fluctuated downwards. The polyester staple fiber was mainly on the sidelines, and there were not many trades. The downstream manufacturers replenished the goods compared with the previous period, and basically needed replenishment. Recently, the inventory of polyester staple fiber manufacturers has increased slightly, and the mainstream manufacturers' products have been in stock for 7-13 days, with some slight heights.
Outlook
In terms of raw materials, the recent fluctuations in crude oil are adjusted, and the supply and demand side is expected to be balanced. Although the PTA has recently restarted or restarted, the supply side is still tight, and the processing fee is above 1,000 yuan. Jin; MEG has recently been ranked high. The real-time operating rate of PTA at the end of the week was 67.3% (current production base was 48.84 million tons), and the average operating load of polyester was around 85.4%.
On the demand side, the polyester staple fiber has returned to a stable state in the near future, and the downstream orders have dropped significantly from the previous period, and the downstream or just need to replenish the goods.
On the supply side, the recent decline in raw materials has affected the sentiment of polyester staple fiber. The factory orders are sluggish and the normal shipments are maintained in the short term. As the inventory is still in the middle and low position, the possibility of low-cost shipments by manufacturers is low.
On the whole, the recent adjustment of raw materials, cautious downstream replenishment, the low inventory of polyester staple fiber manufacturers will still have a certain resistance in the short term, but the terminal orders are still weak. If the raw materials continue to weaken, the polyester staple fiber may have a small degree later. Callback possibility. In the later stage, it is necessary to pay attention to changes in oil prices, subsequent PX price trends, and orders from downstream yarn manufacturers.
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