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February 22Nd Market Morning Post: Polyester Staple Production And Marketing Continued To Slack Prices Or Downward Space

2019/2/22 9:57:00 29

Polyester Staple Price

The production and sale of PET staple fiber market continued to be weak. PTA and MEG also had difficulty in continuing to rise under the background of their own higher inventory.

But considering the near downstream replenishment cycle, the market downward space is expected to be limited.

Varieties

Two

Price 21 / month

Ups and downs

Company

crude oil

WTI

Fifty-six point nine six

-0.20

USD / barrel

Brent

Sixty-seven point zero seven

-0.01

USD / barrel

raw material

PX

One thousand one hundred and twenty-two point three three

+11

US dollar / ton

PTA

Six thousand four hundred and seventy-five

+45

Yuan / ton

MEG

Four thousand nine hundred and fifty

+25

Yuan / ton

Psf

Jiangsu and Zhejiang market

Eight thousand seven hundred and seventy-five

-25

Yuan / ton

Fujian Market

Eight thousand nine hundred and twenty-five

Zero

Yuan / ton

Shandong and Hebei markets

Eight thousand nine hundred and twenty-five

-25

Yuan / ton

downstream

T32S

Thirteen thousand and six hundred

-50

Yuan / ton

T40S/2

Eighteen thousand

Zero

Yuan / ton

Focus News

One

Europe and the United States economic data is not good, the NASDAQ stopped rising eight times, vip.com fell nearly 14%, the US dollar rose, the US debt fell.

Two

In February, the euro zone's manufacturing PMI fell below the ups and downs line, hitting a 68 month low; the ECB's January summary: considering the provision of a new round of cheap long-term loans for banks, trade conflicts are increasingly affecting economic growth.

Three

The ECB's January summary: consider providing banks with a new round of cheap long-term loans, and trade conflicts are increasingly affecting economic growth.

Four

China Central Bank's fourth quarter monetary policy implementation report: guiding the central interest rate of money market interest rate downward, monetary policy steady but no longer mention "neutral", first mention six big lines

Five

On Thursday, the Central Bank of China issued PSL 71 billion 900 million yuan, and no repurchase on that day.

Industry start up rate

industry

Two

20 June

Two

21 June

change

PTA

86.91%

86.41%

-0.5%

polyester

84.16%

84.43%

+0.27%

Psf

79.32%

82%

+2.68%

Jiangsu and Zhejiang looms

54%

58%

+4%

Remarks: the PTA utilization rate is calculated with 49 million 290 thousand tons of effective production capacity, the base of polyester production is adjusted to 55 million 350 thousand tons (100 thousand tons of new fiber is added in February 15th), and the production base of polyester staple fiber is adjusted to 7 million 471 thousand tons.

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