Polyester industry chain: Rising raw materials drive the polyester market to be narrow and strong

I. the market trend chart of polyester industry chain

On August 11th, the market price index of ethylene glycol was 4040.45, which was the same as that of the previous working day.

 

China's PTA market price index was 5915 on Aug. 11, up 60 percent from the previous working day.

 

On August 11, 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 7050, up 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 trend of PTA in East China is getting stronger, and we will consult around 5915 yuan / ton. In August, the main port delivery 09 litres of water 10-20 near the transaction and negotiations. Costs continue to rise to promote the formation of the market, PTA futures disk pull, spot basis is generally stable, spot supply is partial, suppliers forward sales, downstream buying to maintain rigid demand, the overall trading is light. The short-term market is expected to maintain a narrow range of volatility.

Glycol

Today, the market price of ethylene glycol is in a narrow range. The atmosphere of market negotiations is deadlocked, the spot market price of ethylene glycol fluctuates in a narrow range, and the quotation in East China is around 4000 yuan / ton, which is the same as that of the previous working day. The quotation in South China is around 4130 yuan / ton. East China main port pre-arrival port is still on the high side, high inventory is difficult to alleviate in the short term, but polyester maintains high load, rigid demand is stable, and there are many external unstable factors, it is expected that the ethylene glycol market will adjust narrowly in the short term.

Polyester chip

Today, the polyester chip market is strong. Polyester raw material market is higher, driving the chip market transaction atmosphere, the market transaction center of gravity is narrow and higher. However, the shipping sentiment of some factories is strong, the supply of goods at low prices is still there, the trading atmosphere in the market is not good, and production and marketing are 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 narrow and strong. The PTA market of raw materials is higher, the cost support is enhanced, the offers of mainstream bottle manufacturers are temporarily stable, the low-end offers of dealers are reduced, and the focus of market transactions is slightly higher; downstream demand is relatively weak, and the market is mainly cautious and 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. The cost end is strong, but the polyester market trading atmosphere is general, the factory quotation is more stable, individual adjustment. Downstream inquiry intention is low, 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

Polyester staple fiber market rose slightly today. The trend of the raw material market is stronger, the cost end promotes the market, the offer of staple fiber market rises, and the supply of goods at low prices decreases. There is a strong resistance to high prices downstream, and the overall trading atmosphere in the market is general. It is expected that the short-term market price of polyester staple fiber will be arranged slightly.

IV. Polyester Raw material Futures Market

PTA:  August 11 PTA main 2309 contract opening price: 5852, lowest price: 5852, highest price: 5942, closing price: 5900, settlement price: 5906, up 56, position: 610264.

 

Ethylene glycol: EG main contract 2309 opening price: 4020, lowest price: 4012, highest price: 4051, closing price: 4030, settlement price: 4032, down 12, position: 288237.

V. production and marketing data of polyester market

VI. Future forecast

The international crude oil fluctuates at a high level, the cost end support is stable, the supply and demand end of polyester raw material PTA and ethylene glycol market is weak, the short-term market will adjust narrowly, polyester raw materials promote the market. The polyester market offer is slightly adjusted with the cost, the terminal has a strong resistance to the high price, and the market production and marketing tends to dilute. 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.