Polyester industry chain: Downstream bargain buying polyester market production and sales rebounded

I. the market trend chart of polyester industry chain

On August 8th, the market price index of ethylene glycol was 4038.05, up 4.24 from the previous working day.

 

China's PTA market price index was 5800 on Aug. 8, down 20% from the previous working day.

On August 8th, the market price index of polyester chips was 6825, which was the same as that of the previous working day. The market price index of polyester bottle chips was 7025, 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 East China PTA is in a weak position, and we will consult around 5800 yuan / ton. In August, the main port delivery 09 litres of water 10-18 near the transaction and negotiations. PTA futures market shock operation, spot basis is generally stable, sellers are still more shipments, downstream buying to maintain rigid demand, the overall light trading. The short-term market is expected to maintain a narrow range of volatility.

Glycol

Today, the market price of ethylene glycol is adjusted slightly. Shipping data continued to improve, commodity strength and other factors, ethylene glycol buying atmosphere rebounded, spot market prices fluctuated higher, East China quotation around 4000 yuan / ton, up 10 yuan / ton compared with the previous working day. The quotation in South China is around 4100 yuan / ton. The port inventory is eliminated, but the pre-arrival port is still on the high side, the high inventory situation is difficult to alleviate, and the external driver is slightly insufficient. It is expected that the short-term ethylene glycol market will fluctuate in a narrow range.

Polyester chip

Today, the polyester chip market maintains finishing. The cost side continues to be weak, the mainstream factory offer is temporarily stable, and the focus of the mainstream transaction in the market is generally deadlocked. The downstream gas purchase is insufficient, and the production and marketing of enterprises are not good. 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 market remains weak, lack of cost support, mainstream bottle chip manufacturers offer down 50-100 yuan / ton, dealers offer low-end; downstream demand is light, 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 weak. The polyester raw material market remains weak, the cost end support is insufficient, the polyester manufacturer quotation is more stable, the local negotiation is loose, the market high-end transaction is narrow down. Downstream bargain buying, local production and sales pick up. 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 end to the market support is insufficient, the staple fiber market is temporarily stable. Downstream buying enthusiasm is enhanced, the overall production and marketing of the enterprise is better. It is expected that the short-term market price of polyester staple fiber will be maintained.

IV. Polyester Raw material Futures Market

PTA:  August 8th PTA main 2309 contract opening price: 5784, lowest price: 5732, highest price: 5824, closing price: 5802, settlement price: 5778, down 4, position: 858941.

 

Ethylene glycol: EG main contract 2309 opening price: 4018, lowest price: 4008, highest price: 4048, closing price: 4032, settlement price: 4026, up 14, position: 329448.

V. production and marketing data of polyester market

VI. Future forecast

The international crude oil fluctuates at a high level, the cost promotes the formation of the market, the supply and demand of polyester raw material PTA and ethylene glycol market is weak, the short-term market will sort out the interval, and polyester raw materials promote the formation of the market. Polyester market offer with the cost of a small adjustment, downstream bargain buying, local production and sales pick up. Short-term polyester market prices are expected to fluctuate within a narrow range. Pay close attention to the changes of raw material market and demand side in the later stage.