Obvious Wait-And-See Attitude In The Downstream -- Daily Chemical Fiber Market Express (7.7)

　　 Raw material Market

1. On July 6, New York crude oil August futures fell 0.02 dollars to 40.63 yuan / barrel; Brent September futures rose 0.30 dollars to settle 43.1 yuan / barrel.

Japanese naphtha rose $16.62 to $406.5/t on July 6.

3. On July 6, the Asian p-xylene market continued its upward trend, with market valuations at US $548 / T CFR Taiwan / Mainland China and US $530 / T FOB Korea respectively, up US $7 compared with July 3, consistent with the price trend of relevant markets.

The price of spot futures was still weak at RMB 354-35a. Today, PX is weak and volatile. In August, the ship offered us $550 / T, September offered 567vs 533 USD / T, PTA external supplier's one-day tour quotation maintained at 455 USD / T, and the shipping negotiation reached 420-430 USD / T.

5. In the afternoon, MEG futures continued to be weak, with spot discount of 09 contracts around 100-120 yuan. This week's goods offer is about 3445 yuan / ton, the bid is about 3440 yuan / ton, and the next week is about 3470 yuan / ton. In the afternoon, the overall market of MEG was light, and the sellers were reluctant to sell at a low price. The bid was at $410 / T or slightly above the level. There was still a lack of substantive negotiation.

6. The selling price of PTA on July 7 was maintained at 455 USD / T.

7. A 400000 ton MEG plant for syngas production in Inner Mongolia has been restarted recently, and it was briefly shut down on June 30.

8. It is reported that a 400000 ton PX plant in South Korea, which was shut down for maintenance on June 27, was restarted on July 3, and the current load has been increased to 80%.

9. Compared with yesterday, PTA fell 10 to 3565 yuan / ton, MEG fell 32 to 3475 yuan / ton, and polyester cost decreased by 19 to 4212 yuan / ton.

10. Ethylene glycol of Huaxi Village commodity exchange closed at 3510, down 56 points, trading 23682 lots, and the position decreased by 420 hands to 51924 hands.

Downstream dynamics

1. Today PTA Futures Volatility weakened, Zhejiang market polyester factory quotation stability, local negative phenomenon. The enthusiasm of downstream textile enterprises to take goods is not high, mainly to digest inventory, wait-and-see mentality is obvious, market trading enthusiasm is low. It is expected that the center of gravity of polyester will maintain narrow finishing in the short term. At present, the mainstream quotation of POY 100D / 36F is 5400-5500 yuan / ton, that of fdy75d / 36F is 5900-6000 yuan / ton, and that of DTY 75D / 36F is between 7950-8200 yuan / ton.

2. The transaction of polyester in Jiangsu and Zhejiang is light today, with some POY production and sales at 35%, 80%, 40%, 50%, 50%, 50%; some FDY production and sales are 50%, 50%, 15%, 60%, 60%, 60%; and some DTY are 80%, 110%, 60%, 70% and 50%.

3. There are few transactions in the market of semi optical chips in Jiangsu and Zhejiang Province. It is heard that some small and medium-sized small and medium-sized small and medium-sized enterprises in Jiangsu and Zhejiang provinces are negotiating around 4550-4650 yuan / ton (cash).

4. The price of Ningbo Quandi polyester staple fiber remained stable, with 5500 yuan / t tax included for 1.4d semi light, 6000 yuan for imitation down and 6400 silicon for 3D hollow.

5. Affected by the improvement of production and sales yesterday, the quotation of a manufacturer in Jiangyin was increased by 50 yuan / ton, and the 1.4d semi light report was delivered in cash of 5550 yuan / ton.

6. This morning, the prices of Jiangsu and Zhejiang polyester staple fiber manufacturers remained stable, mainly discussing shipment, and the mainstream negotiation of 1.4d was about 5450-5550 yuan / ton.

7. Fujian polyester staple fiber market price remained stable, the trading atmosphere was light, the negotiation of shipment, 1.4d offer of 5700 yuan / ton, short distance delivery, actual order negotiation or 5500-5650 yuan / ton.

8. The market price of polyester staple fiber in Shandong and Hebei has been adjusted, mainly through preferential negotiation, and the trading atmosphere is not good. The semi gloss 1.4d negotiation or 5500-5650 yuan / ton is near.

At present, the price of cotton in the lower reaches of Shandong is about 12400-3100 yuan.