Viscose staple market quotation stable

Viscose staple fiber weak market, manufacturers offer more stable surface. The viscose staple fiber market continued to be weak. The manufacturers’ quotation was more stable. The mid-end offer was at 11,600 yuan, and the high-end was at 11,800 yuan. The actual transaction turnover in the market had fallen. The mid-end transaction price was 11,600 yuan, and the transaction price was 1,1,500 yuan. Increase, part of the beginning of a low price of 11,400 yuan. The high-end talks in the mainstream of 11,700 yuan, part of the 11,600 yuan position.

Shaoxing market Siro spinning people's cotton yarn prices were generally stable and shipped smoothly. Siro spinning 30s in 17000-17400 yuan, tight competition 30s in 17600-17800 yuan. The viscose market continued its bearish atmosphere. In mid-to-late mid-January, there was a concentrated replenishment market. At present, the performance of the upstream and downstream trading companies has stagnated. It is expected that prices will continue to be slightly weaker this week.

At the beginning of 2015, crude oil continued its bottoming tour and continued to fall sharply on Monday, dropping below $50/barrel. Naphtha fell below US$450/ton, and px dropped to US$830/ton, which translates into a reduction in the cost of pta processing to around 4,800 yuan/ton. The continuous decline in the price of raw materials has played a significant role in suppressing the polyester industry chain from top to bottom.

At the end of 2014, under the condition of acceptable profits, pta companies have a high level of enthusiasm for production, which lays hidden dangers for the market. In late December last year, with the rise in the operating rate of the pta plant, the spot price was significantly under pressure. Yisheng Petrochemicals quoted a price of RMB 4,480/tonne on January 6th, down 180 yuan/ton from the previous day, and the pta processing loss expanded. . At present, the loss of processing that pta currently sells now is more than RMB 300/ton, which is close to the limit of tolerance of the factory. Some installations may consider overhaul.

According to relevant information, Hong Kong Petrochemical 1.5 million tons of equipment failure to run negative, Xianglu Petrochemical 1.65 million tons of equipment on January 4 parking, domestic pta operating rate dropped to 72%. In the afternoon, if there is an increase in parking facilities, there may be a phased reduction in pta oversupply pressure and resistance to pta falls may increase.

At present, on the one hand crude oil and other raw materials prices continue to decline, on the other hand, seasonal consumption has shrunk. As a result, the operating rate of downstream texturing machines and weaving machines has continued to decline, and the weaving market has been relatively cautious. Polyester sales were sluggish. Last week, filament stocks increased by 1.5 to 2 days. Polyester product prices also fell due to weaker sales and lower costs.

At present, the profits from polyester processing remain at a relatively high level, and the enthusiasm of enterprises still exists. The demand for pta remains stable. However, the end of consumer contraction pressure will gradually emerge as the Spring Festival approaches.

On the whole, the continuous decline in crude oil is the main bearishness in the current pta market. On the one hand, pta prices are dragged down from the cost, and on the other hand, the market mentality of the polyester industrial chain is suppressed, resulting in more cautious purchases in the downstream. The loss of pta production has been extended to the limit of the endurance of enterprises, and the power for production reduction of enterprises has been strengthened. This has become a potential bullish support. In addition, the pressure of shrinking terminal consumption has little impact on the pta market in the short term.

Therefore, it is expected that pta will follow the fall of crude oil, but the fall resistance will gradually increase.