Polyester industry chain: The commodity atmosphere is getting stronger. The decline in the polyester market is slowing down

1. Market trend chart of polyester industry chain

On September 11th, the market price index of ethylene glycol was 4482.44, down 43.85 from the previous working day.

China's PTA market price index was 4640 on Sept. 11, down 120 from the previous working day.

On September 11, the market price index of polyester chips was 6125, down 125 from the previous working day; the market price index of polyester bottle chips was 6100, down 75 from the previous working day.

II. Summary of market price of polyester industry chain

1. Brief introduction of Polyester Industry chain Market

PTA

Today, East China PTA spot market continues to decline, negotiate reference near 4640 yuan / ton. This week and next week, the main port and warehouse receipt delivery 01 discount 88-95 near the transaction and negotiations, the spot basis is stable. The international crude oil market fell, suppressing the market mentality. The PTA futures market accelerated its decline in the morning. In the afternoon, as the commodity atmosphere strengthened, the futures market recovered some of the decline. The rigid demand of traders and polyester factories follow up, and the market trading atmosphere is general. It is expected that the short-term PTA market may maintain a weak adjustment.

Glycol

Today, the market price trend of ethylene glycol is weak. The international crude oil market fell, suppressing the market mentality, and the focus of negotiations in the ethylene glycol market continued to fall. The quotation in East China revolved around 4380 yuan / ton, down 80 yuan / ton compared with the previous working day. The quotation in South China is around 4500 yuan / ton. Ethylene glycol port inventory decline, supporting the market. The downstream polyester load is low, and the demand end support is general. Lack of continuous drive in the market, the short-term ethylene glycol market is expected to fluctuate within a narrow range.

Polyester chip

Today, the polyester chip market is weak. Polyester raw materials market continued to decline, lack of cost-end support, polyester chip manufacturers continued to lower quotations, the focus of market negotiations continued to decline. Downstream demand rebounded, local market production and sales slightly improved. It is expected that the polyester chip market will maintain the finishing operation in the short term.

Polyester bottle chip

Today, the market for polyester bottle chips continues to decline. Polyester raw material market fell, cost-end support weakened, bottle chip mainstream manufacturers offer down, in the afternoon with the rebound of futures, some large companies offer upward, bottle chip futures market decline slowed, the focus of market negotiations fell slightly. Downstream cautious follow-up, light market trading. It is expected that the short-term lactone bottle chip market may maintain finishing.

Polyester filament

Today, the market of polyester filament falls back and finishes. Polyester raw materials market decline to suppress the formation of the market, polyester mainstream manufacturers offer down more than 100-350 yuan / ton, the market transaction center of gravity is lower. Downstream rigid demand for stock, the market production and marketing level is different. It is expected that the market price of filament will be arranged in a narrow range in the short term.

Polyester staple fiber

Today, the polyester staple fiber market continues to decline. The cost end falls to the market support is insufficient, the staple fiber market negotiation center of gravity continues to fall. Downstream rigid demand follow-up, market production and sales slightly improved. It is expected that the short-term market price of polyester staple fiber will be maintained.

IV. Polyester Raw material Futures Market

PTA:PTA main 2501 contract opening price: 4740, lowest price: 4636, highest price: 4836, closing price: 4832, settlement price: 4728, down 20%, position: 1369700.

Ethylene glycol:EG main contract 2501 opening price: 4394, lowest price: 4292, highest price: 4432, closing price: 4429, settlement price: 4352, down 20%, position: 295531.

V. production and marketing data of polyester market

VI. Future forecast

The international crude oil market is low, China's commodity atmosphere has become stronger, promoting the formation of the market, polyester raw material PTA and ethylene glycol market supply and demand end support, it is expected that the short-term market will be low shock, polyester raw material end to promote, polyester market offer will be mainly adjusted with the cost, downstream rigid demand follow-up, market production and sales have improved. Short-term polyester market prices are expected to fluctuate within a narrow range. In the later stage, we should pay close attention to the changes of the raw material market and the supply and demand of polyester itself.