Polyester industry chain: Rising raw materials drive the polyester market to continue to strengthen

I. the market trend chart of polyester industry chain

On December 22nd, the market price index of ethylene glycol was 4353.27, up 58.8% from the previous working day.

 

China's PTA market price index was 5875 on Dec. 22, up 50% from the previous working day.

 

On December 22nd, the market price index of polyester chips was 6750, up 50% from the previous working day. The market price index of polyester bottle chips was 6875, 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, East China PTA spot market shock is strong, discuss reference 5875 yuan / ton near. This week and next week, the main port delivery 01 Pingshui-Shengshui 10 near the transaction and negotiations. The rise of the international crude oil market boosted the market, and the PTA futures market continued to rise. Spot basis difference fell slightly, traders and polyester factories rigid demand to buy mainly, the market mentality is cautious. It is expected that the short-term market will maintain a narrow adjustment.

Glycol

Today, the price of ethylene glycol market fluctuated and rose. The rise in the international crude oil market has boosted the market mentality, and the focus of negotiations in the ethylene glycol market has continued to rise. The price quoted in East China revolves around 4430 yuan / ton, up 80 yuan / ton from the previous working day. The quotation in South China is around 4450 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 remain volatile in the short term.

Polyester chip

Today, the polyester chip market is strong. Polyester raw material PTA market continues to rise, driven by the cost end, polyester chip market trading center of gravity rose slightly. Downstream rigid demand for stock, local production and marketing improved. It is expected that the polyester chip market will maintain the finishing operation in the short term.

Polyester bottle chip

Today, the market for polyester bottle chips is narrow and strong. Polyester raw material PTA market continues to rise, the cost end to the market to boost, bottle chip manufacturers offer up 50-100 yuan / ton, market offer slightly increased; downstream demand is weak, carefully wait and see the market trend. It is expected that the short-term lactone bottle market may maintain finishing.

Polyester filament

Today, the market of polyester filament increases slightly. Polyester cost end is strong to promote the formation of the market, most polyester manufacturers offer a narrow range or concessions narrowed, the market transaction center of gravity slightly increased. Downstream cautious wait-and-see, the market production and sales light. 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 strong and volatile. Cost-side pull to promote the formation of the market, staple fiber market to negotiate a small increase in prices. Downstream demand weakens, market production and sales decline. It is expected that the short-term market price of polyester staple fiber will be maintained.

IV. Polyester Raw material Futures Market

PTA:  December 22nd PTA main 2405 contract opening price: 5896, lowest price: 5870, highest price: 5960, closing price: 5926, settlement price: 5920, up 58, position: 1380600.

 

Ethylene glycol: December 22nd EG main contract 2405 opening price: 4514, lowest price: 4489, highest price: 4680, closing price: 4551, settlement price: 4570, up 37, position: 432960.

V. production and marketing data of polyester market

VI. Future forecast

The international crude oil market rises, supporting the market mentality, polyester raw material PTA and ethylene glycol market supply and demand drive, it is expected that the short-term market will be a narrow adjustment, polyester raw material end support, polyester market offer will be slightly adjusted with the cost, downstream rigid demand for stock, market production and sales weakening. 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.