Polyester industry chain: The rise of raw materials drives the polyester market to strengthen

I. the market trend chart of polyester industry chain

On July 28, the market price index of ethylene glycol was 4089.70, up 8.47 from the previous working day.

 

China's PTA market price index was 5980 on July 28, up 50% from the previous working day.

On July 28, the market price index of polyester chips was 6850, up 25% from the previous working day. The market price index of polyester bottle chips was 7150, up 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 fluctuating and rising, with a reference of 5980 yuan / ton. From July to August, the main port delivery 09 litres of water 5-15 near the transaction and negotiations, September delivery 09 discount 10-15 transactions and negotiations. The international crude oil market rose, the upstream PX price continued to rise, the cost promoted the market, coupled with the typhoon affecting transportation, the daily futures market increased significantly, the supply of goods in the market was sufficient, the buying market maintained rigid demand, the spot basis remained stable, and the market trading was general. The short-term market is expected to remain high and strong.

Glycol

Today, the market price of ethylene glycol is strong. International oil prices continue to strengthen, cost-side support is strengthened, typhoons affect the closure of the main port, the supply side of ethylene glycol is reduced, market bulls are more emotional, spot prices are stronger, and prices in East China are priced around 4110 yuan / ton, up 55 yuan / ton from the previous working day. The quotation in South China is around 4200 yuan / ton. China's supply shrinks, port inventory continues to be eliminated, while downstream demand follow-up is poor, rigid demand procurement is dominant, but the short-term ethylene glycol market is expected to fluctuate at a high level.

Polyester chip

Today, the polyester chip market is strong. The cost end strengthens to boost, the slice market mainstream transaction pulls up slightly, the downstream chase rising power is not good, the market low price supply still exists. The market holds a wait-and-see attitude, slice production and sales rose within a narrow range. It is expected that the market price of polyester chips will maintain a narrow range in the short term.

Polyester bottle chip

Today, the market of polyester bottle chips is strong. Raw material PTA market rose, cost support enhanced, afternoon bottle chip manufacturers offer up 50-100 yuan / ton, dealers offer a small increase; downstream to maintain rigid demand replenishment, the market is mainly cautious wait and see. It is expected that the short-term lactone bottle market will be narrowly arranged.

Polyester filament

Today, the market of polyester filament is adjusted slightly. The polyester double raw material market rises, boosts the polyester silk market atmosphere, the manufacturer quotation is more stable, the individual model narrow range upward adjustment, the market consolidation operation. Downstream users moderately replenish their positions at every low price, and local production and sales are improved. 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 maintains a strong pattern. Driven by the rising cost, the price of staple fiber rose slightly. The market is more willing to buy, and most enterprises prefer production and marketing. It is expected that the short-term market price of polyester staple fiber will maintain the finishing trend.

IV. Polyester Raw material Futures Market

PTA:7 28 PTA main force 2309 contract opening price: 5924, lowest price: 5900, highest price: 6108, closing price: 6098, settlement price: 5984, up 178, position: 1637245.

 

Ethylene glycol: July 28th EG main contract 2309 opening price: 4175, lowest price: 4166, highest price: 4216, closing price: 4208, settlement price: 4188, up 40, position: 379179.

V. production and marketing data of polyester market

VI. Future forecast

The international crude oil market is strong, polyester raw material PTA and ethylene glycol market are driven by the cost end, the short-term market will remain high and strong, and the cost will promote the polyester market. Polyester market offer increases slightly with the raw material market, downstream rigid demand replenishment, the market mentality is cautious. Short-term polyester market prices are expected to maintain a narrow range of fluctuations. Pay close attention to the changes of raw material market and demand side in the later stage.