Polyester industry chain: The cost side supports the polyester market and tends to be consolidated

I. the market trend chart of polyester industry chain

On November 24th, the market price index of ethylene glycol was 4065.08, down 6.93 from the previous working day.

 

On Nov. 24, China's PTA market price index was 5790, down 5% from the previous working day.

 

On November 24th, the market price index of polyester chips was 6700, unchanged from the previous working day. The market price index of polyester bottle chips was 6825 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, East China PTA spot market is arranged in a narrow range, with a reference of 5790 yuan / ton. This week and next week, the main port delivery 01 litres of water 25-30 near the deal and negotiations. Market lack of sustained drive, PTA futures market after a sharp correction to maintain a weak consolidation. Spot basis fluctuates slightly, traders and polyester factories buy mainly in rigid demand, and the market mentality is cautious. The short-term market is expected to maintain a weak adjustment.

Glycol

Today, the market price of ethylene glycol fluctuates in a narrow range. The market lacks substantive support, the market mentality is cautious, and the focus of ethylene glycol market negotiations continues to fluctuate slightly. The quotation in East China revolves around 4040 yuan / ton, up 5 yuan / ton compared with the previous working day. The quotation in South China is around 4150 yuan / ton. Ethylene glycol port inventory decreased slightly, downstream polyester load remained stable, maintaining rigid demand for stock. The market is lack of continuous drive, and the ethylene glycol market is expected to fluctuate weakly in the short term.

Polyester chip

Today, the polyester chip market maintains finishing. Polyester raw material PTA market narrow adjustment, cost end support, polyester chip market offer stability, market transaction center of gravity small adjustment. Downstream rigid demand for stock-based, market production and marketing in general. It is expected that the polyester chip market will maintain the finishing operation in the short term.

Polyester bottle chip

Today's polyester bottle chip market is arranged in a narrow range. Polyester raw material PTA market tends to be sorted out, under the support of the cost end, bottle chip manufacturers offer remains stable, market offer fluctuates slightly; downstream cautious follow-up, market trading is light. It is expected that the short-term lactone bottle market may maintain finishing.

Polyester filament

Today's polyester filament market narrow finishing. Polyester costs form a support to the market, polyester filament factory quotations remain stable, boosted by the pick-up of terminal load, some quotations pull up slightly, the market is cautious to wait and see. Downstream rigid demand replenishment, local production and marketing improved. It is expected that the market price of filament will tend to be sorted out in the short term.

Polyester staple fiber

Today, the market of polyester staple fiber is adjusted in a narrow range. The stability of the cost end forms a support to the market, and the staple fiber market mainly talks about a small price adjustment. Downstream rigid demand replenishment, market production and marketing is relatively weak. It is expected that the short-term market price of polyester staple fiber will be maintained.

IV. Polyester Raw material Futures Market

PTA:  November 24th PTA main 2401 contract opening price: 5774, lowest price: 5740, highest price: 5794, closing price: 5764, settlement price: 5766, down 4, position: 1151465.

 

Ethylene glycol: November 24th EG main contract 2401 opening price: 4092, lowest price: 4072, highest price: 4095, closing price: 4089, settlement price: 4084, up 16, position: 408050.

V. production and marketing data of polyester market

VI. Future forecast

International crude oil finishing, cost support is general, market mentality is cautious, polyester raw material PTA and ethylene glycol market supply and demand changes are limited, it is expected that the short-term market will be a narrow adjustment, polyester raw material end to promote, polyester market offer will be slightly adjusted with the cost, downstream rigid demand for stock, some production and sales improved. 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.