PTA Is Currently Cautious In The Long And Short Direction.

PTA remains high and volatile, short term PTA market trend is the main trend. Downstream PTA prices show high volatility, Asian PX price shocks are strong.

　　 PET chip Aspect: the domestic PET chip market is weak in this week, and the market price is flat compared with last week. This week, the PTA of raw materials was retraced narrowly, while the other raw materials ethylene glycol slightly increased, and the cost of polyester chips changed little. Downstream users worry that the market will pull up and make up.

Us WTI crude futures in August fell $2.47, or 4.93%, to 47.64 U.S. dollars / barrel, down 2.04% this week. Brent crude futures in August fell $2.50, or 4.91%, to 48.41 U.S. dollars / barrel, down 1.69% this week. Britain's retreat from Europe has strongly depressed market sentiment and high demand for hedge funds and a strong US dollar.

At present, the domestic polyester chip market is stalemate, textile enterprises. Purchasing power Degree weakened, the market trading atmosphere is light, part of the manufacturers inventory pressure increased slowly, to boost the lack of favorable support. Short term domestic polyester chip market is expected to remain weak.

Polyester staple fiber: this week's PTA and spot markets have risen sharply, although the staple fiber staple has been stable, but production and sales have improved slightly compared with the previous few days, and the market price of PET staple is flat. Polyester staple fiber Stalemate collation is the main concern, and the downstream is more cautious. Short term polyester fiber market or sustained weak shock is expected.

Polyester filament: this week, crude oil prices rose obviously, the whole polyester market atmosphere is acceptable, ethylene glycol market has risen sharply, the price has been heating up, the polyester filament market price increased by 50 compared with last week, but buying gas in the field is still cautious, sales performance is relatively positive, polyester fiber production and sales fell slightly this week. In addition, polyester factory production and sales data showed that it was temperate, downstream users lack of enthusiasm for purchasing, manufacturers' inventory increased, and the atmosphere on the market was strong. It is expected that the pace of market rise or slowdown, but short term prices are easy to rise or fall, the domestic polyester filament market or weak adjustment operation.