Polyester industry chain: raw materials rush high and fall back. Polyester market is deadlocked

I. the market trend chart of polyester industry chain

On August 23rd, the market price index of ethylene glycol was 4056.43, up 36.37 from the previous working day.

 

China's PTA market price index was 6085 on Aug. 23, up 40% from the previous working day.

 

On Aug. 23, the market price index of polyester chips was 6900, up 25% from the previous working day. The market price index of polyester bottle chips was 7075, 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, East China PTA spot market trend is strong, discuss reference 6085 yuan / ton near. In August, the main port delivery 09 litres of water 10-15 near the transaction and negotiations. Driven by the commodity atmosphere, PTA futures rose higher and fell back. Cost-side support is still in place, the late PTA supply side is expected to reduce, while downstream demand is expected to weaken, the market mentality is cautious. Downstream buying maintained rigid demand and overall trading was light. The short-term market is expected to maintain a narrow range of volatility.

Glycol

Today, the market price of ethylene glycol is strong. Macro sentiment warmed up, the commodity market strengthened, which promoted the formation of the market. The focus of negotiations in the ethylene glycol market rose narrowly. The quotation in East China revolved around 4045 yuan / ton, up 50% from the previous working day. The quotation in South China is around 4150 yuan / ton. The support of cost to the market weakens. There is a decrease in the number of pre-arrival ports this week, and the port is expected to remove storage to a certain extent, and the support of rigid demand downstream still exists. While there are many external instability factors, the market is lack of continuous drive, it is expected that the short-term ethylene glycol market will be deadlocked.

Polyester chip

Today, the market trend of polyester chips is strong. The price of polyester raw material PTA is strong, the cost side helps, the supply of low-cost goods in the chip market is reduced, and the market transaction focus is narrow and higher. Downstream chase up mood is not good, the market transaction atmosphere is general. 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 remains strong, high cost support, mainstream bottle chip manufacturers offer temporarily stable, low-end market offer reduced; 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's polyester filament market deadlock finishing. High cost support is solid, polyester filament manufacturers are cautious, more stable market wait and see, downstream demand weakens, inquiry willingness is not strong, market production and marketing is depressed. 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. Polyester raw materials market remains strong, high costs drive staple spot prices up, but downstream resistance is growing, new market orders are limited, market trading atmosphere is low, it is expected that short-term polyester staple market prices may be slightly adjusted.

IV. Polyester Raw material Futures Market

PTA:  August 23rd PTA main 2401 contract opening price: 6024, lowest price: 5982, highest price: 6094, closing price: 5982, settlement price: 6048, down 10, position: 1561263.

 

Ethylene glycol: August 23rd EG main contract 2401 opening price: 4100, lowest price: 4100, highest price: 4195, closing price: 4177, settlement price: 4164, up 65, position: 354003.

V. production and marketing data of polyester market

VI. Future forecast

The international crude oil market is loose, the cost end support is weakened, the supply and demand end of polyester raw material PTA and ethylene glycol market is weak, the short-term market will be adjusted in a narrow range, polyester raw materials promote the formation of the market, polyester market offer is mainly adjusted slightly, the downstream is cautious and wait-and-see, and the buying enthusiasm is low. 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.