Polyester industry chain: Falling costs drag down production and sales in the polyester market

I. the market trend chart of polyester industry chain

On August 14, the market price index of ethylene glycol was 4016.86, down 23.59 from the previous working day.

 

China's PTA market price index was 5850 on Aug. 14, down 65% from the previous working day.

 

On August 14, the market price index of polyester chips was 6825, down 25% from 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 PTA in East China has fluctuated and dropped, with a reference of 5850 yuan / ton. In August, the main port delivery 09 litres of water 10-20 near the transaction and negotiations. Market supply is loose, market mentality is still cautious, PTA futures disk weakness decline, suppliers forward sales, spot basis range arrangement, buying mentality is cautious, trading atmosphere is general. The short-term market is expected to maintain a narrow range of volatility.

Glycol

Today, the market price of ethylene glycol is weak. The spread of macro bearish sentiment led to a general decline in the commodity market, and the current market for ethylene glycol was weaker. The quotation in East China revolved around 3950 yuan / ton, down 50% from the previous working day. The quotation in South China is around 4100 yuan / ton. Inventory in the main port of East China has increased significantly, suppressing market sentiment, but polyester maintains high load, rigid demand is stable, and cost-end support is still there. It is expected that the ethylene glycol market will adjust narrowly in the short term.

Polyester chip

Today, the polyester chip market is weak. Polyester raw material market falls, cost end weakens, slicing factory inventory accumulation, market transaction center of gravity narrow downward, downstream rigid demand replenishment, market trading atmosphere is not good, production and sales decline. 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. Raw material PTA market fell, cost support weakened, mainstream bottle chip manufacturers offer temporarily stable, dealers low-end offer increased, market transaction center of gravity slightly 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's polyester filament market deadlock finishing. The cost end is weak, the overall trading atmosphere of the polyester market is light, the manufacturer's mentality is cautious, the factory quotation is more stable, individual adjustment, concrete negotiation. Downstream to kill the mood does not abate, buying to maintain rigid demand. 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 weakens slightly today. Cost-side decline dragged down, staple fiber prices fell in a narrow range. The downstream is more resistant to the high price, and the enthusiasm to continue to stock is low. 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 14 PTA main 2309 contract opening price: 5910, lowest price: 5794, highest price: 5920, closing price: 5814, settlement price: 5852, down 92, position: 489606.

 

Ethylene glycol: EG main contract 2309 opening price: 4038, lowest price: 3946, highest price: 4039, closing price: 3957, settlement price: 3982, down 75, position: 290777.

V. production and marketing data of polyester market

VI. Future forecast

The high level of international crude oil is strong, 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. Polyester market offer with the cost of a small adjustment, downstream rigid demand replenishment, market production and sales light. 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.