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 Chemical fiber Market: in the "winter"

Weaving and taking in the field of demand remains in the doldrums, spandex, nylon decline still further, acrylonitrile capacity growth is too fast, excess situation intensified, the industry chain by last year's top of the table directly down to 2015 list tail, especially like PTA industry chain price multi in 5000 yuan / tons of the following shakeouts operation, April two explosion accident a short-term boost to the market, but it is only "a flash in the pan", prices continue to refresh the record low. Up to now, China's PTA production capacity of about 15 million tons, in this context after the drop out of production capacity, new capacity put in slow, the industry to maintain a low operating rate phenomenon highlights. Upstream international crude oil prices fell, the U.S. crude oil futures contract fell to 34.53 U.S. dollars / barrel, exacerbated the plight of the PTA industry. Downstream polyester affected by the low cost of conduction, excess supply, demand continued to slump, such as the impact of lower prices overall.

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