Polyester chips really tough road to pick up
Last week Polyester Slice market rose in the range of 150 yuan / ton, to the weekend, half the mainstream light polyester chips market quotations in the 7000-7100 yuan / ton (cash or acceptance), the mainstream transaction price in the 6950-7000 yuan / ton (cash or acceptance) in the vicinity; bright polyester chips market mainstream offer in 7100-7200 yuan / ton (cash or acceptance), the mainstream transaction price 7100 yuan / ton (cash or acceptance) in the vicinity. Sales, higher prices in the polyester chips, while the downstream procurement and did not follow up, because we already have a number of pre-polyester chip reserves, and the recent operation rate has not increased downstream, so the downstream of the PET Prices are mostly in waiting to see.
Polyester chip market last week, mainly due to the rising strength of raw materials driven. The international oil market, the recent liquidation by the banks of bad assets the U.S. government plans, existing home sales data positive, the stock market higher, investors in the United States Economy Recovery optimistic sentiment on the dollar and other factors of stimulation, continued strength of international oil prices. Last Tuesday, once the international oil price crossed the 54 U.S. dollars a barrel in New York and London oil prices to new highs in nearly four months. On the New York market, oil prices once the touch 54.20 U.S. dollars. To close the New York Mercantile Exchange, light crude oil for delivery in May futures rose 18 cents to close at 53.98 U.S. dollars a barrel. London's International Petroleum Exchange, May Brent crude futures rose 3 cents to close at 53.50 U.S. dollars a barrel. By the upstream crude oil prices push its downstream follow-up related products have also increased, such as the PX prices continued to rise last week to the weekend CFR Taiwan / China spot price of 925 U.S. dollars / ton, FOB South Korea spot price of 905 U.S. dollars / ton about the previous week, prices of 40 U.S. dollars / ton. PTA market with the PX market last week, changes in the pattern of foreign powers within the stable, to the East China domestic market last weekend, the general cash offer and the transaction price from the put at 6500 yuan / ton and 6,400 yuan / ton, the price is still higher than the previous week Prices slightly higher 100, outside the general disc near ocean stock quotes and transaction prices at 770 U.S. dollars / tonne and 760 U.S. dollars / ton, but also about 10 U.S. dollars higher than a week ago. MEG prices of other raw materials of polyester stable, to the East last weekend, the general cash out of the market can offer and the transaction price at 3,800 yuan / ton and 3,700 yuan / ton, external disk near ocean stock quotes and transaction prices in general at 465 U.S. dollars / t and 450-460 U.S. dollars / ton, are basically unchanged from the previous week price.
However, we carefully analyze the PET chip market, is easy to see the lack of a main support, and that is the support of downstream demand, based on this factor, individuals do not have the polyester chips that continuity, and the prices hard to really pick up .
Polyester chip market last week, mainly due to the rising strength of raw materials driven. The international oil market, the recent liquidation by the banks of bad assets the U.S. government plans, existing home sales data positive, the stock market higher, investors in the United States Economy Recovery optimistic sentiment on the dollar and other factors of stimulation, continued strength of international oil prices. Last Tuesday, once the international oil price crossed the 54 U.S. dollars a barrel in New York and London oil prices to new highs in nearly four months. On the New York market, oil prices once the touch 54.20 U.S. dollars. To close the New York Mercantile Exchange, light crude oil for delivery in May futures rose 18 cents to close at 53.98 U.S. dollars a barrel. London's International Petroleum Exchange, May Brent crude futures rose 3 cents to close at 53.50 U.S. dollars a barrel. By the upstream crude oil prices push its downstream follow-up related products have also increased, such as the PX prices continued to rise last week to the weekend CFR Taiwan / China spot price of 925 U.S. dollars / ton, FOB South Korea spot price of 905 U.S. dollars / ton about the previous week, prices of 40 U.S. dollars / ton. PTA market with the PX market last week, changes in the pattern of foreign powers within the stable, to the East China domestic market last weekend, the general cash offer and the transaction price from the put at 6500 yuan / ton and 6,400 yuan / ton, the price is still higher than the previous week Prices slightly higher 100, outside the general disc near ocean stock quotes and transaction prices at 770 U.S. dollars / tonne and 760 U.S. dollars / ton, but also about 10 U.S. dollars higher than a week ago. MEG prices of other raw materials of polyester stable, to the East last weekend, the general cash out of the market can offer and the transaction price at 3,800 yuan / ton and 3,700 yuan / ton, external disk near ocean stock quotes and transaction prices in general at 465 U.S. dollars / t and 450-460 U.S. dollars / ton, are basically unchanged from the previous week price.
However, we carefully analyze the PET chip market, is easy to see the lack of a main support, and that is the support of downstream demand, based on this factor, individuals do not have the polyester chips that continuity, and the prices hard to really pick up .
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