Polyester industry chain: The raw material market is weakening. The polyester market tends to be cautious

I. the market trend chart of polyester industry chain

On August 1st, the market price index of ethylene glycol was 4073.27, down 10.59 from the previous working day.

 

China's PTA market price index was 6035 on Aug. 1, down 5% from the previous working day.

On August 1st, the market price index of polyester chips was 6875, down 25% from the previous working day. The market price index of polyester bottle chips was 7175, 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 weak and fluctuating, so we will consult near 6035 yuan / ton. From July to August, the main port will deliver 09 liters of water near 5-10 and negotiate. PTA futures reduced positions fell, adequate supply of goods in the market, spot basis to maintain stability, downstream buying to maintain rigid demand, overall light trading. The international crude oil market rises, the upstream PX price continues to rise, and the cost forms the support to the market. Short-term market volatility is expected to remain high.

Glycol

Today, the market price of ethylene glycol weakens slightly. The impact of the supply and demand structure is short, spot prices fluctuate and decline, and the quotation in East China revolves around 4095 yuan / ton, down 25 yuan / ton compared with the previous working day. The quotation in South China is around 4200 yuan / ton. International oil prices continue to strengthen, cost-end support is enhanced, but the port pre-arrival port is on the high side, inventory is still expected to accumulate, terminal orders are not good, downstream procurement mentality is cautious, but it is expected that the ethylene glycol market will fluctuate in a narrow range in the short term.

Polyester chip

Today, the polyester chip market is narrowly weak. The cost is narrowly lower, and the center of gravity of the slice market is slightly weaker. Downstream bargain-seeking rigid demand procurement-based, the overall market transaction atmosphere is general. 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 for polyester bottle chips is weak and volatile. Raw material PTA futures market weakens, cost support weakens, mainstream bottle chip manufacturers offer down 50 yuan / ton, dealers offer a slight pullback; downstream demand is weak, 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, polyester filament market maintains finishing. Cost-end support weakened, polyester enterprises under the pressure of losses at low prices, more stable market wait and see. Downstream resistance does not abate, the market trading is light. It is expected that the market price of filament will be arranged in a narrow range in the short term.

Polyester staple fiber

Today, polyester staple fiber market maintains finishing. The cost support is insufficient, and the price of staple fiber is adjusted slightly. Downstream demand negative feedback continues, and conflict with high-priced supply, the market wait-and-see atmosphere is strong, inquiry delivery is lack, market production and sales are weak. 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:  August 1st PTA main 2309 contract opening price: 6040, lowest price: 5996, highest price: 6060, closing price: 6026, settlement price: 6030, down 46, position: 1352195.

 

Ethylene glycol: EG main contract 2309 opening price: 4161, lowest price: 4120, highest price: 4173, closing price: 4150, settlement price: 4145, down 34, position: 372147.

V. production and marketing data of polyester market

VI. Future forecast

The international crude oil market is strong, the cost forms the support to the market, but the polyester raw material PTA and the ethylene glycol market supply and demand end is weak, the short-term market will maintain the range fluctuation, the cost forms the impetus to the polyester market. Polyester market offer with the small adjustment of the raw material market, downstream demand weakens, 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.