Polyester industry chain: The cost side is rising, and the polyester market is becoming stronger

I. the market trend chart of polyester industry chain

On August 21st, the market price index of ethylene glycol was 4024.30, up 20.96 from the previous working day.

 

China's PTA market price index was 5985 on Aug. 21, up 100 from the previous working day.

On August 21, the market price index of polyester chips was 6850, up 50% from the previous working day. The market price index of polyester bottle chips was 7025, up 50% 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 rose sharply, with a reference of 5985 yuan / ton. In August, the main port delivery 09 litres of water 10-15 near the transaction and negotiations. International crude oil rise boost, later equipment maintenance increased, market supply is expected to reduce, and downstream polyester rigid demand support, PTA futures disk rose. Spot basis to maintain finishing, traders and suppliers mainly shipments, downstream to maintain rigid demand buying, light market trading. The short-term market is expected to maintain a narrow range of volatility.

Glycol

Today, the market price of ethylene glycol rebounded slightly. The rise in international crude oil pushed the bullish sentiment in the market, and the focus of negotiations in the ethylene glycol market shifted upward. The quotation in East China was around 4000 yuan / ton, up 40% from the previous working day. The quotation in South China is around 4150 yuan / ton. Port high inventory is difficult to alleviate in the short term, downstream mood is pessimistic, multi-rigid demand procurement is the main, there are many external unstable factors, the market is lack of continuous drive, it is expected that the short-term ethylene glycol market will fluctuate in a narrow range.

Polyester chip

Today, the polyester chip market pulled up slightly. Polyester raw material PTA prices rose sharply, cost-side boost, chip market center of gravity rose narrowly. Downstream replenishment situation is general, maintain rigid demand procurement, low-price source shipping preference. It is expected that the market price of polyester chips will be narrowly arranged in the short term.

Polyester bottle chip

Today, the market of polyester bottle chips is strong. Raw material PTA market rose sharply, cost support enhanced, mainstream bottle chip manufacturers offer up 50-100 yuan / ton, the market transaction center of gravity rose slightly; downstream rigid demand buying, 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 material market is strong, boost the market atmosphere, polyester manufacturers cautious mentality, more stable market wait and see. Driven by buying and rising sentiment downstream, focus on replenishing positions, local production and sales volume. 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 polyester staple fiber market maintains a strong finishing. The polyester raw material market rises, the cost support strengthens, the staple fiber price follows the rise, the market low price goods source decreases. Downstream with the rising willingness to reduce, the majority of futures traders to buy. It is expected that the short-term market price of polyester staple fiber will be adjusted slightly.

IV. Polyester Raw material Futures Market

PTA:  August 21 PTA main 2401 contract opening price: 5828, lowest price: 5828, highest price: 6010, closing price: 5986, settlement price: 5926, up 180, position: 1445526.

 

Ethylene glycol: August 21 EG main contract 2401 opening price: 4072, lowest price: 4072, highest price: 4150, closing price: 4138, settlement price: 4118, up 57, position: 332752.

V. production and marketing data of polyester market

VI. Future forecast

International crude oil is high and strong, cost promotes the market, polyester raw material PTA and ethylene glycol market supply pressure is greater, short-term market will be adjusted narrowly, polyester raw material forms support to the market, polyester market offer adjusts slightly with cost, downstream rigid demand replenishes. 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.