Bifurcation downstream market stalled serious handbags PTA

Time :2008 -07-18 09:49:37
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Tuesday and Wednesday there bags is no significant improvement in PTA market, crude oil rose fell a dramatic change in the Tuesday and Wednesday did not bring much improvement to the PTA market, while several major vendors PX-handed quoted in 1770 U.S. dollars / ton did not make PTA market revival, due to lower product prices basically hopeless, polyester production losses, loads continue to drop, while the stock supply and demand seems to be disproportionate compared to, nowhere to get out of a large number of bonded goods, and buyers can PTA is willing to purchase bonded or very little, the price for a major disk vendor's low-cost treatment PTA constantly sinking spot, on the whole, PTA seems to have entered the market conditions were powerless.

Repeatedly to re-clear the pulse of the market, analyzes the future direction of PTA market, cost and supply and demand analysis is fundamental. The cost analysis did seem relatively easy, doing the analysis of demand and supply is difficult, after all, it is the dynamic, due to load, due to the mentality of funds, due to efficiency and so on and change. Only from the cost point of bags view, PX efficiency of production exist, but the PX supply and demand remains tight among the state, especially in the current PTA production losses, the situation was under load down, PX is still up in force, not only because of its inherent only crude oil and naphtha, and high prices led to MX, and PX supply the reason. Since today is only the first half of Japan's energy production of a new PX device, and its operation at the same time is quite long, the old line of cut, a new PTA plant over the same period, including bags Wholesale bags of the intervention, BP and other sets of devices, PX tension For this reason, PX August contract offer is still very strong, and its voluntary oath and God had to admire than high. PX spot price is currently still in the vicinity of $ 1,650, and it seems not much downside, if you only take this as far as, PX Results August contract price may not be lower than July's $ 1,625 / ton. Then placed in front of PTA plant is, Purses how to pass the high cost of PX, how to avoid the same as July, the illusion that you can have quite high end of the machine while the PX PTA prices pushed downstream forced to bags bear, but in the end it seems Leather handbags To successfully fulfill the contract in July is not an easy thing.

Load down the polyester is quite obvious, part Designer handbags of the polyester plant down load a small amount of cash for purchases after coming to early August, for a valuable supplier to compete with the PTA in July the contract time, but placed in front of the same polyester plant is that if the PX price in August to end the high end the contract, PTA contract in August to continue Backpacks to report high, PTA suppliers continue to increase efforts to cut strong push contract goods, then how to spend the painful period of August? The procurement of goods contracts at high prices, or make up the cash now is the cut-off cut, or a strong push Shoulder bag downstream crash and burn. If you can barely through July, then August, September

The current macroeconomic situation, Wedding dresses 2011 polyester consumption has had a high growth phase to a contraction period, from the bags consumption point of view, the consumption of polyester shrinking trend seems to have negative growth for the PTA market and the PX markets the impact is fatal. Although there may be too early to make such judgments, but it is undeniable Prom dresses 2011 that the middle and low value-added fabrics and garments market has been shrinking, while the polyester fabric and clothing is the raw material for middle and low, if the judge holds to be changed ideas to analyze the future market trend.

From the downstream data can be discerned. Not long ago have been released by the first half of the export data is not optimistic. According to Guangzhou Customs statistics, in May, exports of clothing and accessories Guangdong 2.48 billion, sharply down compared with last year 30.6%, 1-May Quinceanera Dresses Guangdong garment exports of $ 8,620,000,000 total, down 21.8%, except for 1 month and 3 monthly increase, the remaining 3 months showed a decline of more than 20%. Clearly, the Chinese textile industry has entered the most difficult decade "of life and death." And forced many textile enterprises to embark on the road to ruin is precisely the proliferation of production costs, appreciation of labor, raw material prices, RMB appreciation, export tax rebate cancellation plus loan interest rates, for low-cost, low price and low profit of the bags textile industry to survive, round after round is kill order. Everywhere in the transfer even if the export tax rebate rate will be raised to a certain extent, many of the industry does not seem to hold much hope, they believe the current appreciation of the RMB rate, too fast to fully offset the tax rebate to bring the appreciation of good, simple speaking, might not save the export tax rebate business, can not stand in the case of the exchange rate, tax only in the overhead.

In any case, the market has its own running track, over-reliance on excessive cost of judgments and the development of downstream value does not seem to mind, and because the upstream and downstream of the struggle continued, long and short of the competition is still intense among no significant advantage in both of the circumstances, the operation of short-term wet storage bags operation should be the mainstream market trader