The market is booming again. Polyester factories are enjoying the last "dividend period" before the

Recently, the polyester industry chain has been on the rise!



On the crude oil side, the 21-day multi-bullish detonation of the oil market, affected by the expected decline in Sino-US trade and crude oil production, oil prices in Europe and the United States rose straight after the market turmoil. As of January 18, WTI was up 1.73 to 53.8, while Brent was up 1.52 to 62.7. SC main 1903 contract rose 2.7 to 424.8 yuan per barrel, while night trading closed up 12.2 to 437 yuan per barrel.



PTA: Driven by the rise of crude oil, PTA has shown the trend of & ldquo; Sanlian Yang & rdquo in the past two days. After the opening of January 21, PTA futures started a surge.



As of January 21, the PTA Futures 1905 contract finally closed at 6426 points, up 306 points from the previous trading day, an increase of 5%.



Ethylene glycol: Ethylene glycol has also started to rise sharply in recent years due to the impact of rising crude oil and high production and marketing of downstream polyester.



On January 21, the Ethylene Glycol Futures 1906 PTA contract finally closed at 5273 points, up 122 points from the previous trading day, an increase of 2.37%.



As for polyester filament, since last weekend, the production and sales of polyester manufacturers have changed from the previous declining trend, and the production and sales have continued to be high for many days.



In the context of high production and marketing of polyester, the price of polyester filament is also rising steadily, rising by 100-200 yuan per day. On the 21st, the quotation of polyester filament in Jiangsu and Zhejiang polyester factories was in full swing.



Tongxiang direction: polyester filament rose 100% in Tongxiang, another factory in Tongxiang; < br /> polyester filament rose 100% in Tongxiang.


Jiangsu Direction: Polyester filament of Jiangsu No.1 Factory has increased by 100-200 since the weekend; FDY of Huzhou No.1 Factory has stabilized and DTY has increased by 100 individually; FDY of Wujiang No.1 Factory has increased by 100 today; polyester filament POY of Taicang No.1 Factory has risen by 200 since Saturday; FDY of Wuxi No.1 Factory has risen by 50 today; polyester filament POY of Taicang No.1 Factory has risen by 200 since Saturday;



Shaoxing Direction: FDY of one factory in Shaoxing rose 50-150; FDY of another factory in Shaoxing rose 50 today;



Xiaoshan Direction: Polyester POY, FDY and DTY of one factory rose 100; POY of one factory in Zhejiang rose 50-100; polyester of another factory in Zhejiang rose 100; silk price of one factory in Zhejiang rose 100-150 today; DTY of one factory in Zhejiang rose 100-150 so far over the weekend; DTY of another factory in Zhejiang rose 50-100, negotiating;



To analyze the reasons why the market is going well, there are only the following points:



1. Crude oil is good to drive the collective performance of polyester raw materials and products booming market! uuuuuuuuuuu On the 21st, the multi-profitable detonating oil market also contributed to the rise of polyester raw materials!



First of all, new information emerged from the U.S. -China trade negotiations that China intends to increase imports of U.S. goods substantially in the next six years, until the U.S. trade surplus is reduced to zero. This will fundamentally change the trade structure of the two countries. As soon as the news came out, U.S. stocks rose rapidly, which supported risky assets such as crude oil.



Secondly, data released by American oil service company Baker Hughes in the morning showed that the number of active oil drilling wells in the United States had dropped sharply from 21 to 852 by the week of January 18, falling for three consecutive weeks and the largest weekly decline since February 2016, which boosted the oil market.



Finally, a telephone conference between Saudi Arabia and Russia's energy ministers on Friday encouraged bulls'confidence. The results of the talks show that the two sides are actively cooperating in reducing production. Russian Energy Minister Nowak pointed out that he will hold talks with Saudi Energy Minister Falkh at the Davos Economic Forum from January 22 to 25 to jointly strengthen cooperation in reducing production.



2. Large-scale overhaul of polyester plant was opened, and the market supply decreased sharply < br />.


In the near future, some polyester plants will enter the stage of shutdown maintenance before the Spring Festival on a large scale. According to statistics, as of last Friday, the amount of polymerization has been repaired at about 5.12 million tons, and the starting rate of converted polyester has decreased by 9.4%. The sharp decrease of market supply and the low profit of polyester products at present make it natural for the market to boost the price of products.



3. Buy-up, no-buy-down incentives, the last stock-up date of the Spring Festival is due, and textile enterprises have a large stock < br />.


Generally speaking, by the end of each year, weaving relief is due to the fact that the hollow period of stagnation of traditional production during the Spring Festival will be 1-2 months ahead of schedule. According to market interviews, the stock-up habit has not changed before this year, and most weaving enterprises will have the need to buy raw materials this month.



This week, most weaving enterprises will have a centralized holiday, and the previous stock volume deviates from expectations, and the weaving market generally has a buy-up and no-buy-down effect. Therefore, with the rising raw materials, weaving enterprises'last few days of stock sentiment is driven.



Generally speaking, with crude oil, PTA and other polyester raw materials soaring, polyester and polyester prices are rising this week in anticipation of backup in downstream weaving factories.