Polyester chip is expected to meet gold, silver and ten

wallpapers Industry 2020-12-09
In the first half of this year, polyester chip prices rose mildly in the shock, but the upward trend is still in. Shang Min, an analyst at jinyindao, said in an interview with the international business daily that polyester chips are expected to rise in the second half of the year, and will take advantage of the "gold nine silver ten" again. In the first quarter of this year, the price of

rose first and then decreased.

in the first quarter of this year, the focus of polyester chips showed the characteristics of first increase and then decrease. After new year's day, the crude oil price fell sharply and broke through the "50" dollar / barrel integer level. The panic spread of the collapse of the on-site cost, and the downstream demand was weak. The manufacturers were not optimistic about the future market. The price of polyester chips accelerated to decline, with an average daily drop of about 100 yuan / ton. Shang Min said that due to the low inventory of manufacturers, which supported the price, and the subsequent opening of the wide range consolidation mode of crude oil, the emergence of market bottom reading intention, and the shock sorting of raw materials, the already low inventory was "worse", and the manufacturer's quotation began to rise, but the downstream follow-up was limited, so the rise was limited.

and

entered February, crude oil began to rise sharply, PTA raw materials rose in line with the trend. Supported by a series of favorable factors, the center of gravity of polyester chips went up. As of February 27, the focus of chip negotiation was 6400-6500 yuan / ton cash, which was 325 yuan / ton or 5.31% higher than that at the beginning of the month. In March, polyester chips returned to the downward trend. Crude oil was running in a weak position under high storage pressure. Raw material PTA start-up load was high. Combined with weak upstream and downstream demand and multiple negative factors, the chip market was weak and trading volume was warm. It was difficult to have large volume. As of December 31, the cut-off negotiation in Jiangsu and Zhejiang provinces reached 6225 yuan / ton, down 275 yuan / ton or 4.23% from the beginning of the month. The market of

and

in the second quarter is "watershed",

and

. Shang Min said that two device accidents in April "triggered" the hot market of polyester chips. In April, the international crude oil was all the way red, and in the two accidents of the device, the price of polyester chips all the way up to the highest point in the year. First of all, on April 6, the PX unit of Gulei, Zhangzhou, Fujian Province, had an oil leakage and fire accident, which led to a sharp rise in the spot center of PTA raw material of polyester, and then led to the expansion of the whole polyester industry chain; Secondly, in the early morning of April 21, an explosion occurred in the MEG unit of Yangzi Petrochemical Company. The raw material MEG rose rapidly, and the limit was raised at the beginning of the trading. Under the influence of the market's worry about the shortage of raw materials, the PTA market went up sharply, while the chip market soared all the way under the support of high cost, and some factories were reluctant to sell. As of April 29, the slice negotiation in Jiangsu and Zhejiang provinces was 7525 yuan / ton, up 1300 yuan / ton or 20.88% compared with the beginning of April.

and

compared with the hot market in April, may to June, the traditional demand off-season, polyester chip pressure is obvious. After

and

entered may, the price of polyester chips dropped rapidly, the collapse of cost was the main reason, and the poor demand side was the indirect factor. In May, crude oil broke through the $60 / barrel barrier for the first time, but then, due to the strengthening of the US dollar and the market's concern that the recent rebound in oil prices might stimulate oil production activities in the United States, the crude oil price dropped significantly, dragging down the commodity market, and several pre maintenance or faulty units of PX and PTA were restarted, As a result, the market supply increased and the market bearish mentality gradually rose, leading to the PTA spot center of gravity falling, and the downstream chip spinning operating load was not high, so the chips were purchased carefully, and the market transaction was warm, so it was difficult to have large-scale. In June, the price of raw materials was relatively strong, which made the chip cost pressure obvious. Moreover, June was the traditional off-season of polyester demand. The collapse of downstream demand hindered the polyester chip from turning over. During the month, the chip factories controlled the inventory growth with low-cost volume.

and

Shang Min believe that polyester chip prices rose moderately in the first half of this year as a whole, but the impact is weak, and it is expected that there is still room for further upward growth in the second half of this year.


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