Polyester industry chain: Rising raw materials drive production and sales in the polyester market to rebound

I. the market trend chart of polyester industry chain

On August 18th, the market price index of ethylene glycol was 4003.34, down 3.44 from the previous working day.

China's PTA market price index was 5885 on Aug. 18, up 70% from the previous working day.

 

On August 18, the market price index of polyester chips was 6800, up 25% from the previous working day. The market price index of polyester bottle chips was 6975, which was the same as that of 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 fluctuates higher, with a reference of 5885 yuan / ton. In August, the main port delivery 09 litres of water 7-10 near the transaction and negotiations. Boosted by the rise in international crude oil, the overall atmosphere of Chinese commodities is good, the PTA futures market is rising, the market supply is adequate, suppliers are mainly shipping, the spot basis is maintained and sorted out, the lower reaches maintain rigid demand buying, and the market is light. The short-term market is expected to maintain a narrow range of volatility.

Glycol

Today, the market price of ethylene glycol is strong. The international crude oil market is rising, the macro atmosphere is warm, and the ethylene glycol market is high. The quotation in East China is around 3960 yuan / ton, up 30% from the previous working day. The quotation in South China is around 4100 yuan / ton. High inventory is difficult to alleviate in the short term, the situation of terminal orders is poor, and the performance on the demand side is low. However, supported by high costs, the short-term ethylene glycol market is expected to fluctuate in a narrow range.

Polyester chip

The polyester chip market fluctuates slightly today. Polyester raw material PTA prices rose, slicing manufacturers shipping sentiment is obvious, the market transaction center of gravity is generally stable, local low-price supply shrinks. Downstream took advantage of the opportunity to prepare goods, and the production and marketing of enterprises improved. 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 maintained and arranged. Raw material PTA market rose, cost support enhanced, individual bottle chip manufacturers offer up 50 yuan / ton, market transaction center of gravity slightly adjusted; downstream rigid demand to buy, 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 polyester filament market maintains a stalemate. Polyester raw materials shock higher, polyester manufacturers offer more stable, concessions narrowed. Downstream users rigid demand replenishment, light market trading, local transactions are OK. 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 market of polyester staple fiber is strong. The polyester raw material market rises, the cost support strengthens, the staple fiber price follows the rise. The downstream actively prepares goods, and the overall production and marketing of enterprises are better. 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 18 PTA main 2401 contract opening price: 5740, lowest price: 5736, highest price: 5862, closing price: 5846, settlement price: 5806, up 136, position: 1352914.

 

Ethylene glycol: August 18 EG main contract 2309 opening price: 3948, lowest price: 3947, highest price: 3998, closing price: 3974, settlement price: 3971, up 33, position: 151621.

V. production and marketing data of polyester market

VI. Future forecast

International crude oil high strong, high cost support, polyester raw materials PTA and ethylene glycol market supply pressure, short-term market will be narrow adjustment, polyester raw materials to promote the formation of the market. Polyester market offer with the cost of a small adjustment, downstream cautious wait-and-see, to maintain rigid demand replenishment. 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.