According to the price monitoring of the business community, the domestic polyurethane fiber market fell back in November. As of November 21, the average price of the 40D specification market was 36750 yuan/ton, down 3.29% from the beginning of the month and 53.95% year on year.

Spandex manufacturers started to work at about 70%, or there is a downward trend, but the market spot supply is relatively sufficient. The cost side support was weakened, the downstream market transaction was weak, and all parties were bearish about the future market.

Current mainstream price statistics of polyurethane fiber market (unit: yuan/ton)

20D ./30D./ 40D

Zhejiang/. 38000-44000./36000-41000./33000-38000

Shandong./38000-44000/. 37000-41000./33500-36000

Fujian./39,000-47,000./. 38,000-41,000./35,000-39,000

Jiangsu./38000-44000./36000-41000./33000-38000

The raw material PTMEG industry started and remained stable at around 65%, the cost BDO continued to decline, the downstream lacked real order negotiations, and the market situation was weak. At present, the market price of PTMEG (1800 molecular weight) was 20,000-21,000 yuan/ton. The overall confidence of the pure MDI market is insufficient, traders are more active in shipping, downstream demand is low, and the focus of the market mainstream negotiation continues to move down. For reference, it is 18000-18500 yuan/ton telegraphic transfer barreled self lifting.

In the textile terminal industry, orders for “Double 11″ and “Double 12″ have been completed successively, with obvious off-season characteristics and weak demand. In terms of weaving, it is hard to hide the weak trend of decline in the operating rate. The operating rate of looms in Jiangsu and Zhejiang has decreased to below 56%.

Analysts from the business community believe that the supporting role of the cost side is weak and stable, the trading and investment in the downstream terminal market is weak, and the demand follow-up is insufficient. All parties are cautious about the future market, and it is expected that the spandex market will maintain a downward trend in the short term.

Spot price: This week (11.14-11.18), the spot price of domestic polyester staple fiber fell in shock. According to the price monitoring of the business community, the average price of domestic polyester staple fiber was about 7572 yuan/ton on November 18, down 1.69% from Monday and up 3.84% from the same period last year.

Futures market: the main force of short fiber futures ended lower in shock this week. On Friday, the main contract of short fiber PF futures closed at 6976, down 3.33% from the closing price last week. The settlement price is 6920 yuan. This week, the main domestic staple fiber upstream raw material PTA futures fell 0.52% to close at 5388, and the main ethylene glycol futures fell 1.50% to close at 3877.

Influenced by the pressure of global economic growth, the hawkish remarks made by the Federal Reserve and the OPEC announcement to reduce the global crude oil demand forecast in 2022, the international crude oil futures prices fell in a volatile manner this week. The main force of US oil futures fell 8.22% for the whole week and closed near US $81.55 per barrel (as of 16:36 on the 18th Beijing time). The fall in crude oil price has weakened the support for PTA cost. The high inventory of polyester plants in the downstream will not be changed. Large factories will carry out a new round of joint production reduction, which will significantly drag down the demand for PTA. The accumulation of PTA may increase significantly. With the expected production in the later period, PTA will have a weak trend this week. Recently, the new capacity of ethylene glycol has been released, the downstream demand remains sluggish, and the market trend of ethylene glycol is under pressure. In the near future, the supply of staple fiber has increased slowly, the factory has accumulated stock, and the demand of downstream yarn mills is weak. Buying is cautious. This week, staple fiber is shipped at a discount, and the price has fallen back. The trading of pure polyester yarn and polyester cotton yarn market did not improve significantly this week, the price continued to adjust in a weak trend, and the trading center continued to decline. The merchants negotiated to sell the goods, and the overall stock removal was slow.

In the future, the support of raw material cost has weakened recently, the supply of staple fiber has increased slowly, and the downstream demand is weak, so the short-term staple fiber price may show a weak oscillation trend. Pay attention to raw material price trend, plant dynamics and downstream orders.

According to the monitoring of the business community, the average price of the domestic PTA spot market on November 17 was 5713 yuan/ton, down 1.75% from the previous day.

At present, the commencement of PTA industry is stable at about 74%, of which a 2.4 million ton PTA plant in East China is planned to be overhauled for about 10 days in late November. The fall in crude oil price has weakened the support for PTA cost. The high inventory of polyester plants in the downstream will not be changed. Large plants will carry out a new round of joint production reduction. It is said that the industry starts to fall below 50%. In terms of terminals, the operating rate of looms in Jiangsu and Zhejiang provinces has dropped to around 57%. It is expected that after December, textile enterprises will have more annual holidays.

According to the analysts of the business community, the current downstream off-season characteristics are obvious, which has a significant drag on the demand for PTA. The accumulation of PTA may increase significantly. Superimposed on the production expectation in the fourth quarter, it is expected that the PTA market will continue to be weak.

According to the data of the business society, the chloroform market fell sharply this week (11.4-11.11). As of November 11, the price of chloroform bulk water in Shandong was 3275 yuan/ton, down 9.97% from 3673 yuan/ton last Friday. There was no significant increase in the new demand for chloroform, the supply side was loose, the factory price of enterprises was lowered, and the business offer was lower.

This week (11.4-11.11), the commencement of methane chloride increased slightly, and the pressure on the chloroform supply surface continued.

This week (11.4-11.11), the spot market of methanol fell slightly, and the cost of chloroform fell slightly. According to the business community, as of November 11, the spot price of methanol was 2759 yuan/ton, down 3.66% from 2864 yuan/ton last Friday. At present, the domestic methanol market is expected to rebound in a narrow range after falling.

At present, the downstream refrigerant market is at a low level; Under the epidemic situation, some enterprises started at a low level, and the demand for chloroform was weak.

Analysts from the methane chloride data of the business agency believe that the supply side is loose, the demand side is weak, and the cost side may rise after the recent decline. It is expected that the trichloromethane market will fluctuate in a narrow range in the later period.

The recent weakness of the domestic methanol market is mainly due to the low demand and general trading atmosphere. At the same time, the supply is relatively abundant, and the contradiction between supply and demand is still an important factor restricting the development of the methanol market. The short-term methanol market or the weak situation is dominated.

According to the monitoring data of the business community, the average price of East China ports in the domestic methanol market fell from 2824 yuan/ton to 2799 yuan/ton from November 8 to 15. During the cycle, the price fell 0.88%, 2.21% month on month and 7.92% year on year.

According to the monitoring data of the business community, the average price of domestic methanol production enterprises fell from 2900 yuan/ton to 2823 yuan/ton from November 8 to 15. During the cycle, the price fell by 2.64%, 4.27% month on month and 7.13% year on year.

As of the closing on November 15, methanol in Zhengzhou Commodity Exchange rose in shock. The main methanol futures contract 2301 opened at 2565 yuan/ton, the highest price was 2610 yuan/ton, the lowest price was 2551 yuan/ton, and the closing price was 2594 yuan/ton, up 32, or 1.25%, from the previous trading day. The trading volume was 1580449 hands, the position volume was 1012052 hands, and the daily increase was 29629 hands.

As of 11.15, the summary of methanol market prices in various regions:

Region, price

Shanxi, 2570-2600 yuan/ton

Liaoning, about 2700 yuan/ton

In the two lakes region, about 2850-2870 yuan/ton

Henan Province, 2820 yuan/ton

The price of products in the methanol industry chain rose and fell, the price of natural gas in the upstream of methanol was stable, the price of coal fell, and the cost of methanol was generally supported; In the downstream products, the price of methane chloride in Shandong Province dropped the most.

In terms of external market, as of the closing on November 14, the closing price of CFR Southeast Asia methanol market was USD 364.50-365.50/ton. US Gulf Methanol Market closed at 96.75-97.75 cents/gallon; FOB Rotterdam methanol market closed at 323.25-324.25 euros/ton, down 2.75 euros/ton.

Region, country, closing price, up and down

Asia, CFR Southeast Asia, 364.50-365.50 USD/ton, 0 USD/ton

Europe, America, Gulf of America, 96.75-97.75 cents/gallon, 0 cents/gallon

Europe, FOB Rotterdam, 323.25-324.25 euros/ton, -2.75 euros/ton

There is abundant supply and little change in demand. The transportation in some areas is not smooth. Methanol analysts of the business community predict that the domestic methanol market may be dominated by weak ones.