Polyester continued to rise, the downstream weaving business has a negative intention to cut production, the market gradually return to rational
Column:Industry News Time:2017-07-18
WTI crude oil futures fell 1.1 percent to $ 46.02 a barrel in August; Brent's September crude oil futures closed down 1 percent at $ 48.42 a barrel.

WTI crude oil futures fell 1.1 percent to $ 46.02 a barrel in August; Brent's September crude oil futures closed down 1 percent at $ 48.42 a barrel.
Today's macro

crude
WTI crude oil futures fell 1.1 percent to $ 46.02 a barrel in August; Brent's September crude oil futures closed down 1 percent at $ 48.42 a barrel.
Raw materials, production and marketing overview
Since July, PTA prices have risen continuously. Business data show that on July 14, PTA (East) reference price of 5373.64 yuan / ton, compared with July 1 (4828.18), up 11.3%. Zheng Shang PTA main contract since July rose simultaneously, the cumulative increase of 11.13%, July 11 is the daily limit to close.
It is understood that PTA industry supply and demand has been effectively improved. Business analysts believe that the 2076 PTA operating rate in April to June at a low level, to inventory effect is obvious, while downstream polyester demand, resulting in PTA futures spot sharply higher. PTA current situation on the current situation, PTA short supply situation is difficult to change, to a certain extent, support PTA prices. Into the July constant force petrochemical, Yangzi petrochemical plant delayed restart, Peng Wei petrochemical equipment failure to stop, is expected in July PTA to inventory situation diminished. According to some traders in East China reflect, PTA prices rose sharply, spot selling, inventory bottomed out, there are replenishment needs, but also increase the supply of PTA tight situation.
Production and sales, the recent decline, the overall production and sales to maintain the general, polyester filament continued to rise, has let the downstream weaving customers in a dilemma, part of the business is more light who have reduced intention.
According to the downstream weaving customer feedback, the recent differentiation of the market situation is serious. Wujiang water is currently popular in the early popular products are still popular, then Xiao Shaoyuan machines and other markets seem to be lackluster, polyester filament under the rush, the factory said helpless.
 
After a long period of rally after the market, from the recent production and marketing situation and market feedback point of view, the market has gradually returned to rational, the mainstream of the mainstream to stabilize the main factory.