Polyester industry chain: Strong wait-and-see attitude, market deadlock

I. the market trend chart of polyester industry chain

On June 28, the market price index of ethylene glycol was 3899.76, up 6.36 from the previous working day.

 

On June 28th, China's PTA market price index was 5550, down 10% from the previous working day.

 

On June 28th, the market price index of polyester chips was 6650, which was stable compared with the previous working day. The market price index of polyester bottle chips is 6800, which is stable compared with the previous working day.

 

II. Summary of market price of polyester industry chain

III. Brief introduction of Polyester Industry chain Market

PTA

Today, East China PTA spot market volatility is weak, negotiation reference 5550 yuan / ton near. This week and next week, the main port delivery 09 litres of water 65-70 near the transaction and negotiations, July delivery of 09 litres of water near 55-60 transactions and negotiations. Market prices remain volatile, downstream buying sentiment remains cautious, market trading is light. Supply is still incremental, downstream rigid demand is maintained, and the short-term market is expected to adjust narrowly.

Glycol

Today, the market price of ethylene glycol is arranged in a narrow range, the market basis is slightly weaker, and there is a stalemate between buying and selling. The quotation in East China revolves around 3815 yuan / ton, up 15 yuan / ton compared with the previous working day. The quotation in South China is around 4000 yuan / ton. The recent increase in port arrivals, market sentiment pessimistic, polyester production and marketing is difficult to sustain, coupled with more external instability factors, it is expected that the short-term ethylene glycol market will be a narrow range of consolidation.

Polyester chip

Today, the polyester chip market maintains finishing. The cost support is general, the offer of polyester chip factory remains stable, and the center of gravity of market transaction is generally stable. Local factory concessions are expanded, downstream bargain-seeking rigid demand procurement, production and marketing significantly improved. It is expected that the market price of polyester chips will be adjusted narrowly in the short term.

Polyester bottle chip

Today, the market of polyester bottle chips is arranged horizontally. Raw material PTA market arrangement, cost support is stable, mainstream bottle chip manufacturers offer stable, dealer offer low end; downstream rigid demand stock, market trading in general. It is expected that the short-term lactone bottle chip market will be low-level finishing.

Polyester filament

Today's polyester filament market narrow finishing. Polyester raw materials market finishing, lack of cost-end support, polyester manufacturers are cautious, more stable wait-and-see. Downstream demand is relatively light, enterprise production and marketing is mediocre. It is expected that the market price of filament will continue the stalemate in the short term.

Polyester staple fiber

Today, the market of polyester staple fiber remains stable. Under the support of the cost end, the market price is temporarily stable. The trading atmosphere in the market was light, and most of the production and sales of enterprises fell. 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 28 PTA main 2309 contract opening price: 5490, lowest price: 5460, highest price: 5514, closing price: 5482, settlement price: 5486, down 10, position: 1559636.

Ethylene glycol: June 28th EG main contract 2309 opening price: 3920, lowest price: 3883, highest price: 3920, closing price: 3910, settlement price: 3904, up 32, position: 537486.

V. production and marketing data of polyester market

VI. Future forecast

International crude oil performance is in the doldrums, polyester raw material PTA and ethylene glycol market supply increment, although downstream polyester load is high, and buying follow-up is not good, the short-term market will maintain consolidation, the cost end to the market support is general. Polyester market is mainly cautious wait-and-see, terminal demand weakens, market production and sales light. 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.