Crude Oil 5 Continues To Rise, Polyester Market Is Boiling: PTA Breakthrough 3700 Points, Polyester POY Production And Marketing "Pull The Chips"!

Under the good stimulation of the crude oil production and the opening of the state economy and the new crown pneumonia vaccine, the US crude oil realized five consecutive gains, and the three day even hit two month high, and stood at 34 dollars in one fell swoop.

Under the stimulation of crude oil, the polyester market is boiling and the most vigorous activity is the PTA market and the polyester filament market.

　　 Polyester filament yarn, Prices have been rising in recent days, dropping the "historical low" label. On the 21 day, polyester price rose by 100-250 yuan, specifically: Tongxiang's mainstream factory polyester rose 100-250; Jiangsu Shengze mainstream factory polyester rose 100-200; Taicang Hua Ru polyester rose 200-250; Taicang Shen Jiu polyester POY rose 100-200; Xiaoshan factory polyester polyester rose 100.

　　 POY "raise the top", production and marketing over a hundred days!

The price of polyester has entered the rising channel, coupled with the stimulation of crude oil in the downstream weaving Market. In recent days, the production and marketing of polyester filament has broken through 5 of the cycle, and ushered in the "three Lian Yang" market. Among them, the performance of POY products is even more dazzling.

On the 14 day, the sales promotion of polyester filament POY plant in Jiangsu and Zhejiang provinces was hot, and some POY production and sales were 150%, 150%, 280%, 300% and 110%.

On the 15 day, some POY production and sales in Jiangsu and Zhejiang provinces were 280%, 100%, 120%, 300% and 250%.

On the 18 day, some POY production and sales in Jiangsu and Zhejiang provinces were 100%, 300%, 100%, 380% and 160%.

On the 20 day, the atmosphere of polyester trading in Jiangsu and Zhejiang was hot, and some POY production and marketing were 150%, 300%, 120% and 250%.

The main reason why POY products have won the top spot in recent years is the fact that the purchasing price of the raw materials has been increased by the Canadian companies, and the purchase of the raw materials and the use of POY raw materials for the autumn and winter fabrics have been carried out recently.

Of course, the production and sale of other polyester products can also be commendable under the stimulation of all parties. Therefore, the stock of polyester products has begun to decline slightly recently. According to the statistics of China's silk net, the overall stock market of polyester market is concentrated in 23-33 days. In terms of specific products, POY stocks are stored for 15-22 days, FDY stocks are close to 16-22 days, while DTY stocks are about 24-34 days. The overall inventory dropped 3 days earlier.

　　 The same as the polyester filament market is the upstream cost side PTA market.

　　 In terms of PTA, In recent days, the PTA market sentiment has revival, leading the price of other chemical products, ending the situation that has been falling all the time, and the spot price has also increased significantly. As of the closing date of 21, the price of PTA internal disk is around RMB / ton.

　　 Apart from crude oil giving the PTA market a shot in the arm, the overhaul of the device also boosted the PTA market. It is reported that a set of 2 million 200 thousand tons PTA plant in East China will be stopped for maintenance at about 21:00 pm on the 19 th. It is estimated that the repair will be maintained for about 15-20 days. In addition, a 400 thousand ton PTA plant in Shanghai has entered the parking plan in May 18th, and the plan is overhauled for about a month.

On the 20 day, the 2009 contract of the PTA futures market of Zheng Shang was closed at 3728 yuan / ton, up 108 yuan / ton compared with the previous trading day, or 2.98%.

　　 On the 21 day, the PTA futures market continued to maintain a 3700 high position despite its weakness.

Crude oil has boosted the PTA market, and device maintenance has also contributed to its trend. In addition, PTA's own inventory has declined and its demand for polyester has improved.

Under low load, PTA began to enter the library phase.

In addition to the maintenance of 2 million 200 thousand tons PTA plant in East China and the maintenance of the 400 thousand ton PTA plant in Shanghai, the 700 thousand tons of PTA in Ningbo, which was overhauled in April 30th, and the 700 thousand ton PTA installation of Hon Bang Petrochemical Company in May 10th have not been restarted. The maintenance of the large wave device results in a relatively low level of PTA load at present. As of 15 days, PTA load was around 81.2%, lower than last year's load level.

　　 Under low load, the contradiction between supply and demand of PTA has been alleviated slowly. At present, PTA has begun to enter the library stage. As of 15 days, PTA social inventory in the vicinity of 2 million 376 thousand tons, significantly lower than the previous period. PTA's high inventory was once one of the important factors that led to its low market price. Now inventory pressure has eased slightly, even though it is still high, but it also has certain support.

At present, under the good conditions of all parties, PTA price has broken through the pass of 3700 yuan / ton for a long time. Although inventory has declined, overall, PTA's inventory is still at a high level. At the same time, PTA's high processing fee has not been fundamentally resolved, and its sustained rise in prices is still under pressure. In the late PTA market, we still need to focus on the improvement of demand and the digestion of inventory.

The same is true for polyester filament. Although it has been rising for 4 days in the upstream PTA cost support and crude oil stimulation, the demand for terminal clothing market is still weak, and domestic and foreign trade is recovering slowly. At the same time, crude oil and PTA are both uncertain.