Market Demand Continues To Slack And Fiber Index Continues To Fall.

In July 16, 2019, the Ministry of Commerce of China Shengze silk chemical fiber index went down slightly, of which chemical fiber index total chemical fiber price index closed at 104.2 points, compared with the previous trading day, down 0.07 points; chemical fiber fabric price index closed at 100.69 points, compared with the previous trading day, rose 0.04 points; chemical fiber fell slightly, closing at 108.98 points, compared with the previous trading day, fell 0.07 points.

First, from the perspective of fabric Market

Chemical fiber fabric price index closed at 100.69 points, compared with the previous trading day, an increase of 0.04 points. At present, the price of raw materials market is down, and the enthusiasm of manufacturers is not high. Now the rate of water injection and jet start is about 8. In inventory, influenced by the weakening of internal and external demand, grey cloth has risen slightly, and now there are about 41-42 days in Shengze area.

Two, judging from the market of raw materials.

Chemical fiber fell slightly, closing at 108.98 points, compared with the previous trading day, down 0.07 points. On Monday (July 15th), international oil prices were down, and WTI crude oil futures in August fell 0.63 US dollars to 59.28 US dollars / barrel. Brent 9 month crude oil futures fell 0.24 US dollars, at 66.48 U.S. dollars / barrel. Affected by the adjustment of futures shocks, today's upstream PTA market of polyester raw materials is running weak. At present, the raw material cost of polyester filament market is loosened. Under the price reduction, the production and marketing of polyester market has picked up slightly today. POY has partial volume but overall performance is general. The polyester filament market is expected to continue or fluctuate slightly in the near future.