Polyester industry chain: Falling raw material end suppresses polyester market trend and weakens

I. the market trend chart of polyester industry chain

On December 13, the market price index of ethylene glycol was 4074.66, down 18.84 from the previous working day.

 

On Dec. 13, China's PTA market price index was 5640, down 90 percent from the previous working day.

 

On December 13, the market price index of polyester chips was 6600, down 25% from the previous working day. The market price index of polyester bottle chips was 6775, down 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 of PTA in East China has fluctuated and dropped, with a reference of 5640 yuan / ton. This week and next week, the main port delivery 01 liters of water 5-20 near the deal and negotiations. The international crude oil market fell and depressed, the atmosphere of China's commodity market weakened, and the PTA futures market fell. Spot basis fluctuation is small, traders and polyester factories rigid demand to buy mainly, the market mentality is cautious. The short-term market is expected to maintain a weak adjustment.

Glycol

Today, the market price of ethylene glycol is weakening. The decline in international crude oil has depressed the market, and the focus of negotiations in the ethylene glycol market has adjusted slightly. The quotation in East China revolves around 4070 yuan / ton, down 30 yuan / ton from the previous working day. The quotation in South China is around 4150 yuan / ton. Ethylene glycol port inventory remains high, downstream polyester load remains stable, and rigid demand is maintained. The market lacks continuous drive, and the ethylene glycol market is expected to remain volatile in the short term.

Polyester chip

Today, the polyester chip market is weak. Polyester raw materials PTA market fell, lack of cost-end support, polyester chip market low-cost supply increased, to maintain a slight decline in the focus of trading. Downstream demand is relatively weak, market production and sales decline. It is expected that the polyester chip market will maintain the finishing operation in the short term.

Polyester bottle chip

The market for polyester bottle chips is narrowly weak today. Polyester raw materials PTA market fell, cost-side pressure, bottle chip manufacturers offer down, market offer fell back; downstream demand is light, carefully wait and see the market trend. It is expected that the short-term lactone bottle market may maintain finishing.

Polyester filament

Today's polyester filament market deadlock finishing. The polyester cost end falls to the market support is insufficient, the mainstream polyester manufacturer offer maintains the stability, some factories quoted price narrow adjustment, the market transaction center of gravity adjusts slightly. Downstream rigid demand stock, the overall market production and marketing atmosphere is general. It is expected that the market price of filament will tend to be sorted out in the short term.

Polyester staple fiber

Today, the polyester staple market fell in a narrow range. The decline in the cost side suppresses the market, and the negotiation price in the staple fiber market is gradually lower. Downstream cautious follow-up, market production and sales light. It is expected that the short-term market price of polyester staple fiber will be maintained.

IV. Polyester Raw material Futures Market

PTA:  December 13 PTA main 2405 contract opening price: 5744, lowest price: 5584, highest price: 5748, closing price: 5590, settlement price: 5656, down 166, position: 1329089.

 

Ethylene glycol: December 13 EG main contract 2401 opening price: 4143, lowest price: 4076, highest price: 4145, closing price: 4099, settlement price: 4111, down 27, position: 225126.

V. production and marketing data of polyester market

VI. Future forecast

The international crude oil market falls, suppresses the market mentality, polyester raw material PTA and ethylene glycol market supply and demand end drive, it is expected that the short-term market will be weak adjustment, polyester raw material end support is insufficient, polyester market offer will be slightly adjusted, downstream rigid demand stock, market production and sales in general. 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.