According to the business community commodity market analysis system, the domestic PTA market after a brief decline, the recent show a slight upward trend, as of July 27, the average price of the spot market in East China was 5916 yuan/ton, up 0.33% from July 18.
Cost side support is still strong, Saudi Arabia and Russia to further promote production cuts, supply tightening expectations do not change, and the United States gasoline demand recovery, international crude oil prices continue to rise. As of July 26, the main contract of WTI crude oil futures in the United States settled at $78.78 / barrel, and the main contract of Brent crude oil futures settled at $82.56 / barrel.
PX oscillates strongly with crude oil, PX is in the accumulation cycle, and the domestic PX start-up load is low, but the landing of new PTA production capacity on the demand side leads to the release of new points, and the contradiction between supply and demand has not been highlighted. The domestic PTA market maintained a volatile upward trend after a slight correction, and the average price of the spot market in East China was 5950 yuan/ton as of July 27, up 1.14% from July 18.
Under the background of high raw materials, the downstream yarn factory is not motivated to stock up, and the price of polyester staple fiber is more inconsistent with the increase of holidays. Pure polyester yarn exports continue to be under pressure, domestic sales are also insufficient, and orders are few. Cotton mills continue to ship dominated, preferential negotiations, the overall price fell slightly. As of July 27, the average price of pure polyester yarn market in Shandong was 12,675 yuan/ton, down 125 yuan/ton from the beginning of the month, or 0.98%.
Business analysts believe that in the short term, crude oil and PX are still strong, but the restart of PTA equipment, more load and new capacity release, PTA supply and demand pressure gradually emerged. At the same time, under the influence of high temperature in the downstream cotton mill, the construction is still much lower, and the basic measures to reduce production and guarantee the price are taken, and the demand side is a drag. In the short term, under the continuous promotion of cost, the price of polyester staple fiber will still be strong.
Declaration: The content of this article is organized from the Internet, and the copyright belongs to the original author; If there is infringement, please inform in time and contact to delete.
