Polyester industry chain: Raw materials remain strong. Polyester market continues to be strong

I. the market trend chart of polyester industry chain

On September 4th, the market price index of ethylene glycol was 4103.21, up 21.45 from the previous working day.

 

China's PTA market price index was 6160 on Sept. 4, down 40% from the previous working day.

On September 4th, the market price index of polyester chips was 7000, up 50% from the previous working day. The market price index of polyester bottle chips was 7100, 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, the spot market of PTA in East China is weakening in a narrow range, with a reference of 6160 yuan / ton. This week and next week, the main port delivery 01 litre water 55 near the transaction and negotiations. The impact of the commodity market atmosphere is weak, PTA futures disk narrow pullback. Spot supply in the market is loose, suppliers ship normally, downstream buying maintains rigid demand, and overall trading is light. The short-term market is expected to maintain a narrow range of volatility.

Glycol

Today, the market price of ethylene glycol continues to rise. The international crude oil market remained strong, driving market bullish sentiment, and the focus of negotiations in the ethylene glycol market rose slightly. The quotation in East China revolved around 4110 yuan / ton, up 30 yuan / ton from the previous working day. The quotation in South China is around 4250 yuan / ton. International crude oil prices are strong, macro sentiment is picking up, and cost support is strengthened. East China main port is expected to continue to accumulate, while the downstream polyester rigid demand is stable, the market is lack of sustainable support, it is expected that the short-term ethylene glycol market will maintain the finishing pattern.

Polyester chip

Today, the polyester chip market is strong. Polyester costs continue to rise to boost, slicing part of the factory offer raised 100 yuan / ton, the market transaction center of gravity moved up in a narrow range. The lower reaches took advantage of the opportunity to fill positions with bargains, and the production and sales of enterprises rebounded. It is expected that the market price of polyester chips will be narrowly arranged in the short term.

Polyester bottle chip

Today, the market for polyester bottle chips is narrow and strong. Raw material ethylene glycol market continues to strengthen, some bottle chip manufacturers offer continued to increase 50 yuan / ton, the low end of the market offer decreased; downstream cautious wait-and-see-based, light market trading. It is expected that the short-term lactone bottle market will maintain the finishing operation.

Polyester filament

Today, the polyester filament market is narrowly strengthened. Driven by higher costs, polyester factories raised quotations and reduced concessions, the overall range of 50-150 yuan / ton, the market trading center of gravity rose. Downstream rigid demand replenishment, enterprise production and marketing slightly improved. 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. The cost support is insufficient, and the downstream demand is weak, and the price of staple fiber is adjusted slightly. The mood of receiving goods downstream is not high, and the production and marketing of most enterprises are relatively weak. It is expected that the short-term market price of polyester staple fiber will be adjusted slightly.

IV. Polyester Raw material Futures Market

PTA:  September 4 PTA main 2401 contract opening price: 6196, lowest price: 6044, highest price: 6196, closing price: 6072, settlement price: 6118, down 76, position: 1905116.

 

Ethylene glycol: September 4th EG main contract 2401 opening price: 4233, lowest price: 4210, highest price: 4278, closing price: 4238, settlement price: 4240, up 48, position: 425692.

V. production and marketing data of polyester market

VI. Future forecast

The international crude oil market maintains firm, the cost forms the support to the market, the polyester raw material PTA and the ethylene glycol market supply and demand end is weak, the market lacks the continuous drive, the short-term market will adjust narrowly, the polyester raw material forms the promotion to the market, the polyester market offer is mainly along with the raw material small adjustment, the downstream rigid demand stock, the market production and marketing is general. 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.