Quotes: Spandex and Chemical Fiber Market Weekly Summary (10.4-10.10)

WeChat public number: spandex dry goods

Overview of the main chemical fiber market conditions:

Crude oil: Crude oil showed a sharp upward trend this week, WTI once broke through the $80 mark, the US debt ceiling negotiations made progress, and the worry of the European energy crisis eased, the number of first jobless claims in the United States last week fell more than expected, the market waited for non-farm oil prices to rise, the global energy crisis boosted demand, OPEC+ still maintained a tight supply, while the US Department of Energy said that there is no immediate action to lower oil prices, such as the release of the strategic petroleum reserve, which further supports the oil market In the face of improved fuel demand, the energy market has tightened, many people are worried that the cold winter may make gas supply even tighter, the rise in oil prices has been stimulated by the surge in natural gas prices in Europe, and the global gas shortage is already boosting oil demand for power generation and heating, and finally the price of the WTI main contract rose by $3.47 / barrel to $79.35 / barrel this week, and the price of the Brent main contract rose by $3.11 / barrel to $82.39 / barrel.

Polyester polyester: the global energy crisis continued to ferment during the National Day holiday, international crude oil prices continued to rise, driving the raw material PX price to rise sharply, supply side, PTA overall operation is relatively stable, only Fuhai 4.5 million tons of device load recovery stability, the rest of the device did not see significant fluctuations, but after the holiday PTA parking device or face recovery, of which Honggang Petrochemical, Fujian Baihong, Yangzi Petrochemical are facing restart after the National Day holiday, and Hengli Petrochemical's maintenance landing has become the main focus.

Domestic ethylene glycol production base increase and start to improve in parallel, considering that foreign natural gas continues to soar, MEG follow-up imports are expected to continue to decrease, supply-side storage continues to reduce expectations; polyester end exceeds the expected performance, the eleventh holiday in Jiangsu and Zhejiang part of the early due to power rationing and suspension of spinning mills have resumed work, so that the holiday polyester product price increase is obvious, filament price increase near 50-200 yuan / ton, staple fiber price increase in 100-200 yuan / ton, accompanied by price increases, production and sales have also improved.

Short fiber rally is prominent, because the pre-holiday market has not overdrafted, and the long-term low level of operation has also made the industry continue to go to the warehouse, in the context of the low level of inventory in the middle and lower reaches, the post-holiday market rose higher than other polyester products, but considering that there is still a re-production limit after the holiday, the industry is still cautious.

Nylon: the industry is supported by the cost of good, to maintain the upward trend, of which nylon FDY rose the most obvious, the monthly increase of 8.25%, ranking first in the list, followed by nylon POY, nylon DTY rose by 3.97% and 3.90% respectively, raw material caprolactam device maintenance increased, the market supply is in short supply, the current market price has broken through 16000 yuan / ton, the monthly increase of more than 10%, another raw material cyclohexanone supply is also tight, the market situation continues to soar to 12880 yuan / ton, an increase of nearly 20% from the beginning of the month It is expected that in the short term, the nylon market will be stimulated by the traditional peak season signal and continue to drive the cost side, and the price is still expected to rise.

Viscose fiber: the market atmosphere of viscose staple fiber after the holiday has not improved greatly, most manufacturers are still sealed, and the quotations of individual manufacturers have risen tentatively, up to 15,000 yuan / ton, but there is no high-priced transaction.

Recent raw material dissolving pulp price changes are limited, the current on-demand production, the price of auxiliary material liquid alkali is rising, the impact of the restricted electricity policy in many places, the overall operating level of liquid alkali is not high, the price is soaring, the cost of viscose staple fiber continues to rise; staple fiber manufacturers in the last round of procurement nodes choose to let profits sign orders, superimposed production costs steadily climbing strong support, manufacturers have serious losses, so most manufacturers devices down, most manufacturers start less than 50%, as of now the viscose staple fiber industry operating rate of 57.01% On the demand side, the downstream Jiangsu and Zhejiang areas of the human cotton yarn production enterprises limited by the continuous impact of the electric dual control policy, the industry started to decline, the supply tightening made the yarn price continue to rise, the viscose staple fiber market formed a certain support, but due to insufficient load of the device, the consumption rate of the yarn mill on the viscose staple fiber orders held by the yarn mill is also relatively slow.

On the whole, the price of liquid alkali soared all the way, the pressure on the production of viscose staple fiber is increasing day by day, the loss of manufacturers is serious, the bullish atmosphere of viscose staple fiber is getting stronger and stronger, and the specific price increase space is waiting for the pricing situation of the mainstream factories in the industry and the market trend of human cotton yarn, the current viscose staple fiber cost end support is strong, the downstream human cotton yarn price is also showing an upward posture, and the price of viscose staple fiber is imperative.

Acrylic fiber: this week the price of acrylic fiber is rising, the cost remains high, the acrylic fiber factory limits the production price, the demand performance is stable, and the future market acrylic fiber price is expected to continue to be supported by raw material costs.

This week's list of some chemical fiber products:

Spandex Market Weekly Observation:

This week's spandex market to maintain stable operation, as of Friday, the average price of 40D spandex 80600 yuan / ton, compared with last Friday's flat; raw material end of pure MDI digestion of the increase, PTMEG to maintain a high level of operation; the overall operating rate of the industry is about 8.4%, inventory is low, the weaving end of the previous period due to power rationing and suspension of production has resumed work, the operating rate of terminal textiles in various fields has risen significantly this week, circular machine, lace, weaving, wrapping yarn, warp knitting, cotton bale enterprise operating rate is mostly 4-60%.

Specific cost end, raw material PTMEG price temporarily stable operation, upstream BDO to maintain the rally, support still exists, downstream spandex demand follow-up stability, no inventory pressure in the factory, support the high level of the offer, the device, Sinopec Great Wall Energy Chemical 92,000 tons of device maintenance, Xinjiang Guotai 60,000 tons of device rotation maintenance, the industry started 80%, the current spandex field of domestic 1800 molecular weight bulk water offer concentrated in 47000-49000 yuan / ton, the actual negotiation reference 46000-48000 yuan / ton.

Pure MDI shock finishing, digestion of the increase, but by the supply side of the offer price higher and the impact of the control, the spot cost increased, plus the supply of goods is less, the supply side of the boost capacity is still in place, and the Shanghai source control disk phenomenon is still more prominent, but the downstream market demand deviation, after the pre-holiday warehouse preparation, the recent concentrated into the digestion period, the field supply and demand game is still fierce, continue to follow up the market transaction order situation, as the raw material prices have gone up, the terminal offer price is still partly followed up, but it still takes time to continue to conduct downwards, Considering that the downstream market gradually digests the increase, the sustainability of the price increase still exists, but the overall demand side of the operating load is low, which may inhibit the increase, and the current domestic mainstream negotiation price is about 22500 yuan / ton, which is slightly lower than last week.

Overall, the spandex market runs smoothly, the market supply is stable, the cost end support is acceptable, the downstream demand follow-up has improved, but after the holiday or there is still a re-production limit expectation, the market wait-and-see atmosphere is strong, it is expected that after the end of the double control limit, with the winter orders successively issued, the double eleven, Christmas season is coming, the demand pressure is expected to be alleviated, the container shortage problem is alleviated, but foreign trade orders are expected to be difficult to improve in the short term, comprehensively, the spandex market will still maintain platform finishing, and the later stage will improve with the demand side, The market may recover.

As of Friday, the breakdown of the start of the spandex industry chain:

PTEMG: 80%.

Pure MDI: 7.2 percent

Spandex: 8.4 percent

Weaving: 5.2 percent

As of Friday, the latest quotation of 40D specifications of some domestic spandex manufacturers:

Fujian Hengshen: 40D, 81000 yuan / ton

Jiangsu Shuangliang: 40D, 79,000 yuan / ton

Egret spandex: 40D, 80,000 yuan / ton

Hyosung spandex: 40D, 81,000 yuan / ton

Huahai spandex: 40D, 78,000 yuan / ton

Millennium spandex: 40D, 79,000 yuan / ton

Thai light chemical fiber: 40D, 83000 yuan / ton

Hangzhou Shuerzi: 40D, 78,000 yuan / ton

Xiamen Lilong: 40D, 81,000 yuan / ton

As of Friday, an overview of the main domestic market conditions:

Fuguang area: the spandex market is flat, the spot supply of manufacturers remains stable, although active shipments, but the downstream market is low and the demand follow-up is slightly insufficient.

Price: 20D mainstream price reference 100000-104000 yuan / ton; 30D mainstream price reference 90000-93000 yuan / ton; 40D mainstream price reference 79000-81000 yuan / ton.

Jiangsu region: the spandex market just needs to be purchased, the supply of manufacturers is stable, the intention of the downstream terminal market to take goods is not high, and the actual transaction can be discussed in detail.

Price: 20D mainstream price reference 100000-105000 yuan / ton; 30D mainstream price reference 88000-91000 yuan / ton; 40D mainstream price reference 78000-81000 yuan / ton.

Shandong region: the spandex market is stable, the spot supply remains stable, the intention of receiving orders in the downstream terminal market is not high, the overall demand follow-up is weak, and the market viewing atmosphere is strong.

Price: 20D mainstream price reference 103000-107000 yuan / ton; 30D mainstream price reference 90000-92000 yuan / ton; 40D mainstream price reference 78000-81000 yuan / ton.

Zhejiang region: the spandex market is stable, the spot supply is stable, the downstream terminal market demand is followed up cautiously, and the actual transaction is discussed in detail.

Price: 20D mainstream price reference 100000-105000 yuan / ton, 30D mainstream price reference 88000-90000 yuan / ton, 40D mainstream price reference 77000-80000 yuan / ton.

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