The second round of the European Central Bank's LTRO scale of 529.5 billion euros exceeded expectations. PX continues to go higher under the influence of crude oil. The polyester and silk in Jiangsu and Zhejiang are generally stable, and a small amount of specifications are adjusted as appropriate. The cost of the polyester market is still high, and the cost support cannot be ignored. The demand for downstream chemical fiber terminals has been slow to recover, and the polyester market still lacks a substantial growth momentum. Therefore, it is inappropriate to expect excessive growth in the latter part of the period. Overnight crude oil prices rose, it is expected Zheng Zheng PTA outlook difficult.
New York Mercantile Exchange (NYMEX) crude oil prices closed higher on Thursday and gained upside in the last hour of on-floor trading, mainly because traders are optimistic about manufacturing reports from China and the United States to a large extent. . In addition, the rise in the stock market and the slight decline in the U.S. dollar exchange rate also support this market. The price of light crude oil for delivery in April rose 1.65 dollars to close at 108.84 US dollars per barrel, an increase of 1.7%.
In the domestic market, the downstream weaving operation rate is gradually returning to a normal state, and downstream weaving and stretched polyester filaments are not large, but due to the poor condition of the downstream fabrics, there is no volume list, and the downstream weaving and elasticizing enterprises wait and see atmosphere. Dependent on the purchase of caution, however, polyester spinning manufacturers in order to strive to ship, promotional concessions to continue to use the price action, from the pressure of polyester filament inventory considerations, the short-term trend of weak adjustment of polyester filament market may continue.
On the upstream side, the US PX market's offer price dropped slightly by US$15/ton to US$1,585/1,595/tonne FOB US Gulf. The US PX market demand was sluggish and no actual transactions were heard. The market price of Western North Europe PX fell slightly by US$15/ton to US$1545-1547/tonne FOB Rotterdam. The PX market demand in Europe was light and the market was scarce. The Asian PX market price fell slightly by US$15/tonne to US$1,658-1,659/tonne CFR China Taiwan/Mainland China, and US$1633-1634 USD/ton FOB Korea.
In the spot market, the PTA market in North China is dull. The market offer price is around RMB 9050-9100/ton, the downstream manufacturers' bid price is around RMB 8950-9000/ton, and the actual negotiation price is around RMB 9000-9050/ton. The atmosphere of market trading was dull and there were not many actual discussions. PTA East China domestic market is dull. The price of the seller’s offer is around 9,000-9050 yuan/ton, and the downstream bid price is around 8950 yuan/ton. The actual negotiation price is around 8950-9000 yuan/ton. The atmosphere of market transactions is flat and there are not many actual discussions.
New York Mercantile Exchange (NYMEX) crude oil prices closed higher on Thursday and gained upside in the last hour of on-floor trading, mainly because traders are optimistic about manufacturing reports from China and the United States to a large extent. . In addition, the rise in the stock market and the slight decline in the U.S. dollar exchange rate also support this market. The price of light crude oil for delivery in April rose 1.65 dollars to close at 108.84 US dollars per barrel, an increase of 1.7%.
In the domestic market, the downstream weaving operation rate is gradually returning to a normal state, and downstream weaving and stretched polyester filaments are not large, but due to the poor condition of the downstream fabrics, there is no volume list, and the downstream weaving and elasticizing enterprises wait and see atmosphere. Dependent on the purchase of caution, however, polyester spinning manufacturers in order to strive to ship, promotional concessions to continue to use the price action, from the pressure of polyester filament inventory considerations, the short-term trend of weak adjustment of polyester filament market may continue.
On the upstream side, the US PX market's offer price dropped slightly by US$15/ton to US$1,585/1,595/tonne FOB US Gulf. The US PX market demand was sluggish and no actual transactions were heard. The market price of Western North Europe PX fell slightly by US$15/ton to US$1545-1547/tonne FOB Rotterdam. The PX market demand in Europe was light and the market was scarce. The Asian PX market price fell slightly by US$15/tonne to US$1,658-1,659/tonne CFR China Taiwan/Mainland China, and US$1633-1634 USD/ton FOB Korea.
In the spot market, the PTA market in North China is dull. The market offer price is around RMB 9050-9100/ton, the downstream manufacturers' bid price is around RMB 8950-9000/ton, and the actual negotiation price is around RMB 9000-9050/ton. The atmosphere of market trading was dull and there were not many actual discussions. PTA East China domestic market is dull. The price of the seller’s offer is around 9,000-9050 yuan/ton, and the downstream bid price is around 8950 yuan/ton. The actual negotiation price is around 8950-9000 yuan/ton. The atmosphere of market transactions is flat and there are not many actual discussions.
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