Polyester industry chain: Market shocks and weakens, production and sales of enterprises continue to be sluggish

I. the market trend chart of polyester industry chain

On June 12th, the market price index of ethylene glycol was 3961.75, down 25.37 from the previous working day.

 

On June 12th, China's PTA market price index was 5490, down 90% from the previous working day.

 

The market price index of polyester chips was 6725, down 25% from the previous working day. The market price index of polyester bottle chips was 6800, down 50% 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 weak and declining, so we will consult near 5490 yuan / ton. This week and next week, the main port delivery 09 litres of water 110-130 near the transaction and negotiations, the next June delivery of 09 litres of water 120 near the transaction and negotiations. International crude oil continues to fall, macro expectations weaken, maintenance equipment will resume, supply pressure will appear, while demand will continue to follow up insufficient, industry accumulation expected impact, spot basis decline, market trading is light. Short-term market volatility is expected to remain narrow.

Glycol

Today, the market price of ethylene glycol fell within a narrow range. Crude oil fell, with prices in East China around 3865 yuan / ton, down 35 yuan / ton from the previous working day. The quotation in South China is around 4050 yuan / ton. Overall supply increment, while terminal orders are poor, speculative demand is insufficient, the short-term market is expected to maintain a volatile pattern.

Polyester chip

Today, the center of gravity of the polyester chip market is weak and volatile. Polyester raw material PTA market fell, cost support weakened, increased bearish sentiment in the chip market, mainstream factory inventory tight support, market trading center of gravity generally maintained stable operation, local concessions expanded. Downstream gas purchase is not good, 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 continues to decline. Polyester raw material PTA prices fell, mainstream bottle chip manufacturers offer down 50 yuan / ton, dealer offer tends to be low; downstream cautious wait-and-see-based, light market trading. It is expected that the short-term lactone bottle chip market may be weak.

Polyester filament

Today, the market of polyester filament is adjusted in a narrow range. Raw material market is weak, polyester factory more stable quotation, individual downward adjustment, the range is 50-150 yuan / ton. Downstream to maintain a rigid demand for buying, firm transactions are rare. It is expected that filament market prices will maintain a volatile pattern in the short term.

Polyester staple fiber

The market of polyester staple fiber fell slightly today. The decline in the raw material market is a drag, the market mentality is weak, and the price of staple fiber falls in a narrow range. Downstream rigid demand replenishment to maintain, the overall market trading downturn. 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 12 PTA main 2309 contract opening price: 5500, lowest price: 5358, highest price: 5534, closing price: 5382, settlement price: 5430, down 76, position: 1618613.

 

Ethylene glycol: EG main contract 2309 opening price: 3962, lowest price: 3915, highest price: 3980, closing price: 3951, settlement price: 3945, down 19, position: 529874.

V. production and marketing data of polyester market

VI. Future forecast

The international crude oil market is weak, the macro expectation is weakened, the market supply of ester raw material PTA and ethylene glycol is expected to increase, but the load of downstream polyester enterprises is high, under the support of rigid demand, the market will tend to sort out, and the cost will promote the market. The market is mainly cautious wait-and-see, terminal weaving into the off-season, demand follow-up is not good, market production and marketing is depressed. It is expected that the short-term polyester market price may fluctuate narrowly with the cost. Pay close attention to the changes of raw material market and demand side in the later stage.