Polyester industry chain: Lower cost side dragged down the market to weaken within a narrow range

I. the market trend chart of polyester industry chain

On June 26th, the market price index of ethylene glycol was 3904.00, down 43.01 from the previous working day.

 

On June 26th, China's PTA market price index was 5570, down 80% from the previous working day.

 

On June 26, the market price index of polyester chips was 6675, down 25% from the previous working day. The market price index of polyester bottle chips was 6825, 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 fell weakly, and it was discussed around 5570 yuan / ton. This week and next week, the main port delivery 09 litres of water 70-80 near the transaction and negotiations, July delivery of 09 litres of water 90-100 near the main port transactions and negotiations. International crude oil and upstream PX prices fell, cost support weakened, and the futures market opened lower after the holiday. Spot base spreads continue to weaken, while polyester maintains rigid demand. It is expected that the short-term market will adjust narrowly.

Glycol

Today, the price of ethylene glycol market is weak, the market short sentiment is heavy, the focus of negotiations is moving down rapidly, and the basis is slightly stronger. The quotation in East China revolves around 3825 yuan / ton, down 75 yuan / ton compared with the previous working day. The quotation in South China is around 4000 yuan / ton. The recent increase in port arrivals, the periodic accumulation of the main port, and the stable performance of the demand side, it is expected that the ethylene glycol market will be sorted out in a narrow range in the short term.

Polyester chip

Today's polyester chip market is in a weak position. Polyester cost down, polyester chip factory offer is generally stable, transaction concessions slightly expanded, the market transaction center of gravity fell slightly. Downstream demand is weak, the market production and marketing is general. It is expected that the market price of polyester chips will be adjusted narrowly in the short term.

Polyester bottle chip

Today, the market for polyester bottle chips is adjusted narrowly. Raw material PTA market fell, cost support weakened, mainstream bottle chip manufacturers offer down 50-100 yuan / ton, dealer offer tends to low-end; downstream demand is light, market trading is low. It is expected that the short-term lactone bottle chip market will be low-level finishing.

Polyester filament

The market for polyester filament has declined narrowly today. Raw material market is weak, some polyester factories lower quotations or expand concessions, ranging from 50 to 100 yuan / ton, the actual specific negotiations. High-end negotiations in the market fell, downstream users moderately covered positions, overall production and sales warmed up, individual enterprises put in volume. It is expected that the market price of filament will maintain a narrow range in the short term.

Polyester staple fiber

Today, polyester staple fiber market maintains finishing. Under the pressure of the decline in the raw material market and weaker demand, the company made a pullback in its offer and spot prices also fell. The market is willing to prepare goods at a bargain, and enterprises have a preference for production and marketing. 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 26 PTA main 2309 contract opening price: 5544, lowest price: 5452, highest price: 5548, closing price: 5490, settlement price: 5490, down 78, position: 1556102.

Ethylene glycol: June 26th EG main contract 2309 opening price: 3960, lowest price: 3873, highest price: 3960, closing price: 3884, settlement price: 3905, down 135, position: 544565.

V. production and marketing data of polyester market

VI. Future forecast

Cost end decline, market uncertainties, polyester raw materials PTA and ethylene glycol market spot supply increment, while downstream polyester load high, market rigid demand support, short-term market will be narrow consolidation, high cost support. Polyester market is mainly cautious wait-and-see, terminal bargain replenishment, market production and sales improvement. 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.