Polyester industry chain: lack of news guides the market to maintain a volatile pattern

I. the market trend chart of polyester industry chain

The market price index of ethylene glycol was 4022.79 on June 7, down 2.12 from the previous working day.

 

On June 7th, China's PTA market price index was 5650, down 5% from the previous working day.

 

On June 7th, the market price index of polyester chips was 6775, which was the same as that of the previous working day. The market price index of polyester bottle chips was 6925, down 25% from the previous working day.

 

II. Summary of market price of polyester industry chain

III. Brief introduction of Polyester Industry chain Market

PTA

Today, the spot market of PTA in East China is maintained and sorted out, and it is discussed for reference near 5650 yuan / ton. This week and next week, the main port delivery 09 litres of water 125-140 near the transaction and negotiations, the next June delivery of 09 litres of water 135 near the transaction and negotiations. Expected growth in supply is a drag on the market, with absolute prices weakening and spreads rising during the day, cautious buying downstream and light market trading atmosphere. Short-term market volatility is expected to remain narrow.

Glycol

Today, the market price of ethylene glycol fluctuates in a narrow range. Lack of cost support, East China quotation around 3970 yuan / ton, down 5 yuan / ton compared with the previous working day. The quotation in South China is around 4200 yuan / ton. Port inventory accumulation, poor terminal orders, but polyester load increased, and antifreeze is in the peak season of production and marketing, demand-side performance is good, the short-term market is expected to maintain a volatile trend.

Polyester chip

Today, the center of gravity of polyester chip market is low and fluctuating. Polyester raw materials PTA market finishing, cost support in general, chip factory offer a small adjustment, market mainstream prices to maintain stability. The downstream demand is weak, and the market production and marketing is light. It is expected that the market price of polyester chips will fluctuate in a narrow range in the short term.

Polyester bottle chip

Today, the market center of gravity of polyester bottle chips is adjusted narrowly. Polyester raw material PTA price finishing, mainstream bottle chip manufacturers offer temporarily stable, dealer offer tends to low-end; downstream cautious wait-and-see-based, buying to maintain rigid demand. It is expected that the short-term lactone bottle chip market will be low-level finishing.

Polyester filament

Today's polyester filament market fluctuates in a narrow range. Polyester raw materials market shocks, polyester manufacturers more stable shipments, individual small adjustments, the market trading atmosphere is light. Downstream enthusiasm to enter the market is not high, procurement to maintain rigid demand. It is expected that filament market prices will maintain a volatile pattern in the short term.

Polyester staple fiber

Today, the market of polyester staple fiber remains stable. The cost support is general, and the market price of staple fiber is stable temporarily. The downstream wait-and-see atmosphere is strong, only rigid demand replenishment is maintained, and the overall market trading is light. It is expected that the market price of short-term polyester staple fiber will fluctuate in a narrow range.

IV. Polyester Raw material Futures Market

PTA:6 March 7 PTA main 2309 contract opening price: 5474, lowest price: 5460, highest price: 5554, closing price: 5514, settlement price: 5518, down 20%, position: 1649793.

 

Ethylene glycol: EG main contract 2309 opening price: 4052, lowest price: 4035, highest price: 4085, closing price: 4060, settlement price: 4058, up 13, position: 464326.

V. production and marketing data of polyester market

VI. Future forecast

The international crude oil market remains volatile and the cost support is general. Although the supply pressure of polyester raw material PTA and ethylene glycol market increases, but the downstream polyester load increases, under the support of rigid demand, the market will tend to tidy up, and the cost will promote the market. The market is mainly cautious wait-and-see, terminal weaving off-season, enterprise production and marketing to maintain a light situation. It is expected that short-term polyester market prices may fluctuate narrowly with costs. Pay close attention to the changes of raw material market and demand side in the later stage.