PTA Futures Have Seen A Long Wave Of Rising Prices.

After entering May, the initial maintenance or failure of the PTA device gradually restarted. At the same time, the constant force 2 million 200 thousand ton plant maintenance plan originally canceled this month, the market supply increase is expected to start heating up, the spot price is low, and the futures market has also dropped.

In May,

The operating rate has picked up, but due to the small capacity of the restart unit, the overall operating rate is not expected to exceed 68%.

The demand for polyester is acceptable, and the starting rate in May is at 84%.

According to the current operating rate, PTA in May is still in the inventory cycle, about 100 thousand tons.

Since there are so many stocks in the market, why is there still a shortage of goods in most of April? One of the reasons is that some of the goods are locked in the futures 1505 contracts.

But from mid April, it was converted to 1505 contract position.

It is less than the amount of registered warehouse receipts. That is to say, warehouse receipts can be entered into the market at any time. Especially by the beginning of May, the corresponding delivery volume of the 1505 contracts had been less than 400 thousand tons, and the corresponding amount of the warehouse receipts was more than 750 thousand tons at that time, and 350 thousand tons of stock could enter the circulation at any time.

Why is there still a shortage in the market?

In fact, the so-called "

What's missing is contract goods.

The contract goods need not be paid in full, while cash in the market needs to be paid in full. Therefore, polyester factories are unwilling to get goods from the market and appear to be out of stock.

Related links:

At present, downstream weaving enterprises are not optimistic about the future market. They adopt the strategy of "small batch and multiple batches" to take risks.

From the current market trend, upstream raw material cost support has weakened.

It is expected that the polyester market will also have a downward trend.

Trading in polyester market is still weak, and polyester price trend is still falling.

Judging from the trend of varieties, semi gloss FDY silk varieties are more flexible, but prices can not escape the downward trend. For example, the actual price of FDY63D market in the market has dropped by 200 yuan / ton recently, and the current price is between 9300-9400 yuan / ton.

FDY54D/24F there are sporadic demand for local warp knitting, and the current price is 9700-9800 yuan / ton.

Although there is still demand for polyester FDY75D, the price is low. At present, the price of silk has dropped to 9200 yuan / ton, and the production of five Satin printing grey fabrics can be slightly lower.

The price of DTY varieties has declined, for example, the central price of DTY75D/36F network silk is currently around 11500 yuan / ton, down 200 yuan / ton compared with last week.

The DTY75D/144F network has increased in volume this week, but the price is also slightly back.

In addition, market demand for 100D/144F and 150D/144F is still there.