PTA Goes Down Due To Falling Cost Of Upstream Raw Materials

Overnight two Toluene Market The price of PX fell 8 US dollars / ton. Yesterday, the East China PTA spot sporadic offer was sent near 6600 yuan / ton, the delivery rate was maintained at 6550 yuan / ton, and the negotiation level was 6550 yuan from -6600 yuan / ton. In the morning, there was a large single transaction at 6550 yuan / ton from 6620 yuan / ton.

Dollar PTA The market performance is light. Taiwan shipping and Korean first line cargo are scarce. We heard that the firm delivery was near $880 / ton, and the negotiating level was $880-885 / ton.

PTA industry Operating rate About 60%, the downstream polyester industry is basically stable. The cost support factor of earlier rising is weakened, and PTA is down due to the falling cost of upstream raw materials. Technically, yesterday's PTA main contract 1501 closing price continued to stay away from the 60 average moving line. It is recommended that the existing empty list continue to hold, and the price rebound will break through the 5 day moving average.

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Fabric: for a week (17-23 September), sales of imitation memory fabrics are still rising, but the price trend is relatively stable, especially the old products "dyed woven fabric". The volume of Oxford silver fabric is obviously enlarged, and the downstream waterjet weaving production enterprises' enthusiasm is rising, and the smooth DTY200D network of upstream polyester is smooth.

Recently, the trading of all spring linen and peach peels has improved slightly. However, due to the large capacity of weaving in the early stage, the market is in a situation of oversupply. The jet weaving cotton brocade fabric has been active in the market. Among them, a monofilament and nylon fabric is favored by merchants. The warp and weft thread of this fabric adopts 20D*80S as raw material, and its composition and content are 55% nylon 45% cotton. The plain weave structure is selected and woven on air-jet loom, and has been processed through many processes, such as singeing, desizing, dyeing and finalizing.

Its style is fashionable, charming, comfortable, soft, light, breathable, easy to handle and well taken. Its width is 63 inches and its weight is 47-48 (g/m2). It is now on sale at the wholesale price of 5.60 yuan per meter. Its color is mainly beige, light grey, milk white, pink, sky blue, light coffee, purple and so on, especially by merchants. It can not only be used for children's clothing in spring, but also a fashionable fabric for women's fashion, skirt and casual wear.

However, the sales of "water fleece" fabrics are not good enough, and the downstream stocks are large. The market of nylon interlaced products is quite smooth. For example, the market demand for the products of the series is increasing, and the trading area is expanding. Judging from the overall price of the market, the vast majority of fabric prices remained stable, and warp knitted fabric sales increased periodically. Next week's National Day is expected to be difficult to enlarge the volume of fabric.