Polyester industry chain: Cost drives weakening polyester market production and sales are weakening

I. the market trend chart of polyester industry chain

On September 5th, the market price index of ethylene glycol was 4109.74, up 6.53 from the previous working day.

China's PTA market price index was 6125 on Sept. 5, down 35% from the previous working day.

 

On September 5th, the market price index of polyester chips was 7000, which was the same as that of the previous working day. The market price index of polyester bottle chips was 7075, down 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 continues to be weak, with a reference of 6125 yuan / ton. This week and next week, the main port delivery 01 litre water 52-55 near the transaction and negotiations. Commodity market atmosphere is weak, PTA futures continued to pullback. Suppliers shipped normally, traders' market offers increased, 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 in a narrow range. International crude oil market high support, support bullish confidence, ethylene glycol market negotiations focus on a small adjustment, East China quotation around 4115 yuan / ton, up 5 yuan / ton compared with the previous working day. The quotation in South China is around 4230 yuan / ton. International crude oil prices are strong and cost support is still there. The recent decrease in the arrival of ethylene glycol to Hong Kong, the main port inventory is expected to decline, but downstream polyester enterprises procurement mentality is cautious, the market is lack of sustainable support, it is expected that the short-term ethylene glycol market will maintain the consolidation pattern.

Polyester chip

Today, the polyester chip market maintains finishing. The trend of polyester cost weakens, the offer of slicing factory is stable, and the focus of market transaction is adjusted narrowly. Downstream demand follow-up is insufficient, enterprise production and marketing is not good. 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 weak. Raw material PTA market continues to weaken, lack of cost support, some bottle chip manufacturers offer down 50-100 yuan / ton, market offer began to loose; 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's polyester filament market narrow finishing. Cost-end support is weak, polyester manufacturers have a strong price-raising mentality, and the center of gravity of the market fluctuates slightly. Downstream multi-rigid demand for stock, enterprise production and sales decline. 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 end is weak, the market is lack of support, the supply of goods in circulation in the staple fiber market is reduced, and the enterprise offer remains stable. 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.

Polyester raw material futures market

PTA:  September 5th PTA main 2401 contract opening price: 6070, lowest price: 6032, highest price: 6096, closing price: 6056, settlement price: 6068, down 62, position: 1631214.

 

Ethylene glycol: EG main contract 2401 opening price: 4242, lowest price: 4235, highest price: 4288, closing price: 4243, settlement price: 4259, up 3, position: 428167.

V. production and marketing data of polyester market

VI. Future forecast

The international crude oil market remains strong, the cost forms the support to the market, the supply and demand end of the polyester raw material PTA and ethylene glycol market is weak, the short-term market will adjust narrowly, the polyester raw material forms the impetus to the market, the polyester market offer adjusts slightly, the downstream demand weakens, the market production and marketing is light. 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.