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January 16Th Market Morning Post: Polyester Filament Or Continuation Of The Stalemate Pattern Stable Offer

2019/1/16 10:33:00 12

QuotationsPolyester Filament Offers

Varieties

January 15th price

Ups and downs

Company

crude oil

WTI

Fifty-two point one one

+1.6

USD / barrel

Brent

Sixty point six four

+1.65

USD / barrel

raw material

PX

One thousand and seventy-four point four two

+3.42

US dollar / ton

PTA

Six thousand and three hundred

+35

Yuan / ton

MEG

Five thousand one hundred and sixty-five

+25

Yuan / ton

Polyester filament

POY15D/48F

Eight thousand one hundred and fifty

Zero

Yuan / ton

FDY15D/96F

Nine thousand and two hundred

Zero

Yuan / ton

DTY15D/48F

Ten thousand one hundred and fifty

Zero

Yuan / ton

Macro news

The US PPI fell 0.2% in December, less than expected, the largest decline in more than two years. Technology stocks led the US stock market, the S & P and the NASDAQ rose by over 1%, and the US oil rose by over 3%. After the pound fell, all the losses were recovered. China's new RMB loans in December, the financial sector and the financial sector both exceeded expectations, and the growth rate of the social and financial stocks continued to rise.

Forecast today

Yesterday (January 15, 2019) close polyester raw materials are rising, the cost of polymerization increases, but the current polyester filament market production and marketing fall, the downstream weaving enterprises just need to buy, resulting in the slow process of polyester enterprises to inventory, the future market is cautious.

If there are no other news guidelines today, polyester will continue to be in a stalemate. The offer will be stable and the negotiations will be loose.

Industry start up rate

industry

January 14th

January 15th

change

PTA

77.22%

72.93%

-4.29%

polyester

81.77%

81.64%

-0.13%

Jiangsu and Zhejiang looms

63%

63%

0%

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