OPEC+ Or Consider Extending The Production Reduction Agreement - Daily Chemical Fiber Market Bulletin (6.5)

　　 Raw material Market

On 1.6 June 4, New York crude oil futures rose 0.12 US dollars in July, tied 37.41 yuan / barrel, and Brent futures rose 0.20 US dollars in July, settling 39.99 yuan / barrel.

On 2.6 4, Japan's naphtha fell 4.25 US dollars to 339.5 US dollars per ton.

3.OPEC+ or consider extending the yield reduction agreement, ICE Brent crude futures in August fell 61 cents to 39.47 U.S. dollars / barrel, Asian PX followed a small drop of 50 cents to 505.83 U.S. dollars / ton CFR China Taiwan / Mainland China and 487.83 U.S. dollars / ton FOB South Korea ICE. PX- naphtha spreads increased by $3.75 to $166.33 / ton. The industry continues to pay attention to the factory's negative actions, so it can relieve the current saturated inventory and excess supply, thereby improving the current weak fundamentals. The global epidemic prevention measures are loose, although the recovery rate is not yet known, but the downstream buying is still rising. At the closing stage, the sales intention of cargo delivered in July has been increasing, and buying gas has been concentrated on goods in August.

4. afternoon PTA futures were strong and volatile, and the spot base remained stable. The main port's quotation was 09 yuan, and the contract was 95-100 yuan, with a discount of 105-110 yuan. Today, PX is slightly stronger. In July, the shipment was quoted at US $518 / ton. In August, the shipment was delivered to US $508 / ton, and the PTA external supplier's daily tour price was maintained at US $445 / ton.

5. afternoon MEG futures continued to be weak. Next week, the goods were reported to be around 3620 yuan / ton, the delivery rate was 3610 yuan / ton, and 6 yuan next month reported 3640 yuan / ton. The MEG market in the afternoon was quiet and the center of gravity weakened. In June, the shipping quote was near $430-435 / ton, and it was delivered at $425 / ton.

6. Yisheng Petrochemical Company's selling price of PTA US dollars was maintained at US $445 / ton in June 5th.

7. compared with yesterday, PTA's internal market rose 35 to 3605 yuan / ton, MEG's internal market fell 30 to 3627 yuan / ton, conversion polyester cost rose 20 to 4297 yuan / ton.

8. the Huaxi Village Mercantile Exchange glycol 2007 closed at 3680, down 36 points, traded 23838 hands, holding 6796 hands to 64630 hands.

Downstream dynamics

1. today, the PTA futures trend is sorted and sorted out. The quotations of polyester factories in Zhejiang market are mainly based on stability. Downstream textile enterprises to maintain just needed replenishment, continue to digest raw materials inventory, market cautious wait-and-see atmosphere is relatively strong. It is expected that the center of gravity of polyester filament will remain narrow in the two-day weekend. At present, the mainstream of POY 100D/36F quotation is between 5650-5750 yuan / ton, and the mainstream of FDY 75D/36F quotation is between 6600-6700 yuan / ton, and the mainstream of DTY 75D/36F quotation is between 8400-8600 yuan / ton.

2. today, Jiangsu and Zhejiang polyester trading atmosphere is light, some factories are better, some POY production and marketing in 30%, 30%, 50%, 20%, 50%; some FDY production and sales are 40%, 50%, 30%, 90%, 40%; part of DTY production and marketing for the 40%, 40%, 90%,

3. today, Jiangsu and Zhejiang semi light section market transactions generally, low price goods sales slightly better, heard the mainstream orders in 4800-4900 yuan / ton (cash) nearby.

4. yesterday when the production and marketing were weak, most of the staple fiber staple manufacturers in Jiangsu and Zhejiang provinces remained stable this morning. 1.4D's mainstream quotation was around 6000-6100 yuan / ton, and it was a single negotiation or about 5750-5900 yuan / ton.

5. the market prices of polyester staple fiber in Shandong and Hebei are relatively stable, the trading atmosphere is general, and the negotiation is mainly about shipping, and the semi 1.4D negotiation or the 5850-5950 yuan / ton is near.

6. the price of Fujian polyester staple fiber is stable. The trading atmosphere is general, and the shipping volume is negotiable. The 1.4D offer is 6100 yuan / ton short distance, solid negotiation or 5850-6000 yuan / ton.

7. recently, the low melting point polyester staple fiber prices are stable, and the goods are relatively stable. Some manufacturers offer 4080 yuan at 7800-8000 yuan / ton.

8. Shengze pure polyester yarn prices are relatively stable, T32S mainstream 9800-10000 yuan / ton, T50S mainstream in 11700-11900 yuan / ton.