Polyester industry chain: Raw materials remain strong. Polyester market waits and sees cautiously

I. the market trend chart of polyester industry chain

On August 25th, the market price index of ethylene glycol was 4056.43, up 10.6% from the previous working day.

 

China's PTA market price index was 6070 on Aug. 25, up 40% from the previous working day.

 

On August 25th, the market price index of polyester chips was 6900, which was the same as that of the previous working day. The market price index of polyester bottle chips was 7075, 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 maintains a strong trend, with a reference of 6070 yuan / ton. In August, the main port delivery 09 litres of water 15 or 01 litres of water 45-50 near the deal and negotiations. Driven by the commodity atmosphere, the PTA futures market continues to rise. Recently, the PTA supply side is still abundant, downstream polyester demand rigid demand still exists, the market mentality is cautious. Downstream to maintain a rigid demand for replenishment, the 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 strong. The international crude oil market was strong, which promoted the market. The focus of negotiations in the ethylene glycol market rose narrowly. The quotation in East China revolved around 4045 yuan / ton, up 25% from the previous working day. The quotation in South China is around 4150 yuan / ton. Cost support to the market is still there. China's supply remains high, the port pre-arrival port increases, the main port inventory is still expected, but the downstream polyester rigid demand is stable, it is expected that the ethylene glycol market will be deadlocked in the short term.

Polyester chip

Today, the polyester chip market maintains finishing. Polyester raw material PTA price is strong, cost end support, chip market low-cost supply moderate contraction, transaction center of gravity small adjustment. Downstream pursuit of rising mood is not good, multi-rigid demand for stock-based. 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 arranged horizontally. Raw material PTA market remains strong, high cost support, mainstream bottle chip manufacturers offer temporarily stable, market offer fluctuation is small; 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, the market of polyester filament is slightly higher. Cost support enhanced, some polyester factories raised quotations or reduced concessions, ranging from 50 to 100 yuan / ton, the market trading center of gravity rose. 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

Today, the market for polyester staple fiber is narrow and strong. The polyester raw material market remains strong, and the high cost drives the spot price of staple fiber up slightly. Downstream yarn mills rigid demand replenishment, market willingness to enter the market, enterprise production and marketing preference, it is expected that the short-term polyester staple market price may be slightly adjusted.

IV. Polyester Raw material Futures Market

PTA:  August 25th PTA main 2401 contract opening price: 5978, lowest price: 5968, highest price: 6078, closing price: 6064, settlement price: 6022, up 70%, position: 1632881.

 

Ethylene glycol: August 25th EG main contract 2401 opening price: 4148, lowest price: 4147, highest price: 4201, closing price: 4177, settlement price: 4172, up 18, position: 383244.

V. production and marketing data of polyester market

VI. Future forecast

The high position of the international crude oil market is strong, the cost support is still there, 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 will promote the market, polyester market offer will be mainly adjusted slightly, downstream cautious wait-and-see, buying to maintain rigid demand. 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.