Polyester industry chain: rising costs boost polyester market trend stronger

I. the market trend chart of polyester industry chain

On October 16th, the market price index of ethylene glycol was 4042.72, up 5.84 from the previous working day.

 

On Oct. 16, China's PTA market price index was 5870, up 50% from the previous working day.

 

On October 16th, the market price of polyester chips was 6875, up 50% from the previous working day. The market price index of polyester bottle chips is 6900, 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 trend of PTA in East China is getting stronger, and we will consult around 5870 yuan / ton. This week and next week, the main port delivery 01 litre water 40-50 near the transaction and negotiations. The rise of the international crude oil market boosted the market, and the PTA futures market rose accordingly. The overall market basis is stable, traders and polyester factories have a rigid demand for replenishment, and market trading is OK. It is expected that the short-term market will maintain a narrow adjustment.

Glycol

Today, the market price of ethylene glycol is strong. The rise in the international crude oil market boosted the bulls' sentiment in the market, and the focus of negotiations in the ethylene glycol market rose slightly. The quotation in East China revolved around 4020 yuan / ton, up 10 yuan / ton from the previous working day. The quotation in South China is around 4120 yuan / ton. East China port high inventory continues, although the downstream polyester load rebounded, but the market mentality is cautious, the enthusiasm to buy is not high. It is expected that the ethylene glycol market will adjust narrowly in the short term.

Polyester chip

Today, the polyester chip market is strong. Driven by the rise of international crude oil, the PTA market of polyester raw materials is higher, the cost end support is enhanced, the preferential space of the slicing factory is reduced, and the market trading center of gravity is narrow and higher. Downstream rigid demand for stock, the market transaction atmosphere is OK. It is expected that the polyester chip market will be weak in the short term.

Polyester bottle chip

Today, the market for polyester bottle chips is narrow and strong. Polyester raw material PTA market rise, cost end pull up, mainstream bottle chip manufacturers offer up 50-100 yuan / ton, market offer slightly pull up; downstream rigid demand stock, market trading atmosphere is general. It is expected that the short-term lactone bottle market may maintain finishing.

Polyester filament

Today, polyester filament market maintains finishing. Last weekend polyester local production and sales rebounded, early Zhou Cheng local support enhanced, most polyester manufacturers wait and see, individual enterprise quotations raised, the market stalemate operation. Downstream demand is relatively weak, some enterprises make up orders in a small amount. 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 international crude oil price rises, the polyester raw material market strengthens, the cost end promotes, the staple fiber factory quotation rises, the market is cautious and wait-and-see. Most of the downstream weekends have been replenished in advance, and the production and marketing of enterprises are general. It is expected that the short-term market price of polyester staple fiber will be adjusted slightly.

IV. Polyester Raw material Futures Market

PTA:  October 16 PTA main 2401 contract opening price: 5830, lowest price: 5780, highest price: 5866, closing price: 5832, settlement price: 5826, up 50, position: 1423749.

 

Ethylene glycol: October 16 EG main contract 2401 opening price: 4126, lowest price: 4090, highest price: 4127, closing price: 4115, settlement price: 4111, up 13, position: 521165.

V. production and marketing data of polyester market

VI. Future forecast

The rise in the international crude oil market has boosted the bullish mentality of the market, polyester raw material PTA and ethylene glycol market supply and demand for improvement, it is expected that the short-term market will be narrow adjustment, polyester raw material end-driven, polyester market offer will be adjusted with cost, downstream rigid demand for stock, market production and marketing differentiation. Short-term polyester market prices are expected to fluctuate within a narrow range. In the later stage, we should pay close attention to the changes of the raw material market and the supply and demand of polyester itself.