Mindset Research: Impact Of Saudi Attack Market On Pure Polyester Yarn Market

I. background description of events

According to foreign media reports, around 8 a.m. Beijing time in September 14th, Saudi Arabia's Saudi Aramco, located in Abqaiq's largest global crude oil processing center and the second largest oil field in the world, was attacked by a group of 10 UAVs, resulting in multiple fires and the fire has been under control at the time of Saudi. Yemen's Hu se army has claimed responsibility for the attack. For security reasons, Saudi Arabia temporarily closed down 5 million barrels / day of crude oil production capacity. Saudi Arabia claims that the affected capacity will resume in September 16th, but the news shows that the full recovery of its capacity may take longer. In response to this incident, the United States said it was ready to use strategic reserves at any time to prevent the supply gap in Saudi Arabia from giving a shock to the global oil market. Saudi Arabia also said it would use its crude oil stock to ensure that crude oil exports were not affected this week.

Two. Impact of events on this variety

In September 16th, the mainstream price of pure polyester yarn increased by 200, driven by the price increase of PET staple fiber. At present, the Fujian area T32S tax short delivery price is reported to be 12000; the Jiangsu and Zhejiang region's ring spinning T21S contains 11500 of the factory tax report, and the eddy spinning quotation is not up for the time being; in Hebei, the pure polyester yarn price is stable, and T32S does not contain the tax offer 11000.

Three. Market mentality survey


In the market research of pure polyester yarn, most of the business owners hold a short-term view. The bullish view is that the crude oil price increase has been strongly supported by the cost side of the polyester, and the enthusiasm of the weaving enterprises has been boosted by buying up sentiment. In addition, at the time of the traditional demand season, the price of pure polyester yarn has increased. A few practitioners hold a steady state of mind, looking at a steady point of view: the overall demand for downstream weaving is less than expected, 3-4 down from the same period in previous years, 2-3 days in the Mid Autumn Festival, which is generally lower, although there is a strong rise in the raw material end, but the downstream demand support is limited. Individual operators believe that the intensity and duration of raw materials increase is not clear, and the downstream market is cautious.



In the coming week, most people think that pure polyester yarn will show a slight upward trend. The main point is that the rise of polyester staple fiber will enhance the market atmosphere, and the pure polyester yarn will be shipped. The inventory of finished products will be relieved. However, according to past experience, the demand for National Day approaching downstream will gradually decline, and at present, the overall start-up rate of weaving enterprises is not high, limiting the increase of pure polyester yarn, so it is expected that the pure polyester yarn will show a slight upward trend in the coming week.



At present, most market participants believe that the rally will last only within a week. The main reason is that the watershed of the time node is coming, the demand side is gradually declining, and with the good raw materials, the market will recover after rationalism, and there will be a certain drop in production and sales. In the short term, most of the goods will be delivered to orders, and the market will show a narrow trend of increase.

Four. Market psychology survey sample

The sample description of the crude oil market psychology survey: a total of 26 sample enterprises, including 18 pure polyester yarn manufacturers, 6 traders, and 2 weaving enterprises.