The Textile Industry Has A Worrying Future: &Nbsp; PTA Has Fallen Heavily.
Zhengzhou PTA futures opened lower on the 31 day, and the main 1201 contract closed 8410 yuan / ton, or 442 yuan.
Crude oil prices fell under pressure, upstream PX prices above $1500 / ton shocks, upstream cost support weakened.
Lower reaches of Jiangsu and Zhejiang
Polyester filament
The focus of the market is still down, which is more concentrated relative to POY and FDY.
But sales are still sluggish and the market is running poorly.
Technically speaking, the PTA in early trading has gone down sharply, with the trend of ending rebound.
It is suggested that investors can try a small amount of short selling.
New York electronic commerce Futures Exchange (NYMEX) crude oil futures declined on the 31 day, because the Japanese authorities launched the intervention of the foreign exchange market, buying the dollar to weaken the yen, pushing the US dollar to rebound sharply against other currencies and lowering the crude oil price in dollar terms.
As of 15:00 Beijing time, NYMEX's December light crude oil futures contract settlement price fell 72 cents to $92.6 a barrel, or 0.85%.
In October 28th, Asian PX prices rose 3 US dollars to 1526 US dollars / ton FOB Korea, and European PX prices stabilized at 1455 US dollars / ton FOB Rotterdam.
On the spot side, PTA dropped $10 to $1145, while PTA in the internal market fell 200 yuan to 8700 U.S. dollars / ton.
The market of PTA and MEG shows the trend of adjustment, and the price is slightly downward, and buyers' intentions are not good.
On the market side, Shengze chemical fiber raw material market, PTA price consolidation, MEG price adjustment, semi gloss PET chip, large light polyester chip price stability, CDP slice price consolidation.
polyester
Bottle price rises.
On the market, half light section cash mainstream is in the 11450 yuan / ton, the mainstream chips are in the 11350 yuan / ton, the CDP slice Market spot paction price in 12350 yuan / ton three months acceptance, the PET bottle piece market generally delivers the paction price at 12100 yuan / ton.
Downstream, polyester sales pressure, inventory conditions vary, the downstream business procurement is very cautious, lack of purchasing power to support polyester market is not optimistic, the market outlook.
Polyester filament
There will be a downward trend in prices.
Market trading volume is at a lower level, and the price of silk continues to fall. Shengze has been spinning large factories and the factory price of DTY has been reduced by 100-200 yuan / ton.
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