Today POY, a major mainstream manufacturer in Shengze, rose by 100-150 yuan/ton;
FDY, a mainstream manufacturer in Wujiang, rose by 100 yuan/ton;
The POY of a major mainstream manufacturer in Tongxiang rose by 100-150 yuan/ton;
The POY of another factory in Tongxiang increased by 100-150 yuan/ton;
A major mainstream factory in Xiaoshan has limited sales of FDY, and some factories have raised their POY by 100-150 yuan/ton!
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Today’s textile workers, probably the first thing they do when they wake up is check their mobile phones to see if the price of raw materials has really increased?
Under the red market, some people are happy and some are sad! Those who have stocked up yesterday are secretly enjoying themselves. I might as well take a look at whether I stocked up too little! Those who didn’t stock up on goods quickly called the salesmen to purchase while they were crying.
Of course, this is the consistent “routine” of raw material manufacturers! On the 15th, the polyester market experienced “three bombs” – crude oil surged, ethylene glycol hit its daily limit, and PTA rebounded! The circles of friends of chemical fiber salesmen have exposed signs that the price of polyester filament is about to increase, and from time to time they broadcast the shipment situation and the intention to close the stock; encouraging and stimulating downstream weaving manufacturers or traders to “buy, buy, buy” The rhythm!
Is the price increase of polyester filament really about to happen? Although they were dubious, both chemical fiber traders and downstream weaving manufacturers couldn’t help but take action under this stimulation. On the 15th, the average production and sales of mainstream polyester filament manufacturers reached 230%, and some even reached 250%, 300%, and 350%.
In recent months, polyester filament has a tendency to rise at any time, and it can be said that it will “attack” from time to time! However, the strong rise in polyester filament this time is not only boosted by market production and sales, but also inseparable from the strong “take-off” of the upstream raw material market!
1. The production reduction agreement may be extended, and crude oil has risen sharply, approaching the US$50 mark!
It is reported that Saudi Arabia and Russia have stated that they will extend the OPEC production reduction agreement until the first quarter of 2018. This heavy news immediately caused crude oil to rise sharply, reaching an intraday high of US$49.66 per barrel, nearly the integer mark of US$50. Continuous declines have created demand for a rebound in the market. Last week, oil prices rose 3.57% in a single week, the largest weekly increase in five weeks. As of the close on the 15th, WTI crude oil futures closed at US$48.85 per barrel, a new closing high since April 28, and the price of Brent crude oil futures in London closed at US$51.82 per barrel.
2. PTA futures rose strongly, and the spot price followed suit!
Based on yesterday’s strong rebound, PTA futures rose further today. The main 1709 contract of Zhengzhou Commercial Exchange PTA futures closed at 4922 yuan/ton, which was an increase of 66 yuan/ton compared with the settlement price on the previous trading day. , an increase of 1.36%. Under this boost, PTA spot prices subsequently rose, with quotations in the domestic market rising to around 4,800-4,850 yuan/ton, and market transaction discussions rising to around 4,750-4,780 yuan/ton.
3. Ethylene glycol “cheated” and moved forward, rising from the daily limit to closed twice!
In the past two days, ethylene glycol has been moving forward like a “cheating”. After the main contract of ethylene glycol 1707 on the Huaxi Village Commodity Exchange was closed at the daily limit on the 15th, it fluctuated and rose after the opening of the early trading on the 16th, rising to 5970 at 10:32. It has basically been at the daily limit since then, and has been at the daily limit since the midday opening until the close; as of the close, the main ethylene glycol contract 1707 has risen sharply by 230 yuan/ton, an increase of 4.01%. On the spot side, ethylene glycol also performed strongly, with the spot transaction price rising sharply to around 6,100 yuan/ton.
It is reported that under the favorable fundamentals of the polyester filament market, the overall production and sales of the polyester filament market are once again positive today, and the market transaction atmosphere is hot. As of 4 p.m., the average market production and sales have reached 200%, and some higher levels have reached 220%. Around 250%, 320%.
But in the long run, can the polyester filament market continue to improve? Will the market experience a “rooster” market? Or is it a “hen” market? It still needs to be verified by the market!
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