Polyester industry chain: The raw material end begins to weaken. The polyester market follows up cautiously

I. the market trend chart of polyester industry chain

On December 25th, the market price index of ethylene glycol was 4324.12, down 29.15 from the previous working day.

 

On December 25th, China's PTA market price index was 5860, down 15% from the previous working day.

 

On December 25th, the market price index of polyester chips was 6750, unchanged from the previous working day. The market price index of polyester bottle chips was 6875, which was 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 volatility is weak, negotiation reference 5860 yuan / ton near. This week and next week, the main port delivery 01 litres of water 10-20 near the deal and negotiations. The decline of the international crude oil market suppressed the formation of the market, and the PTA futures market turned weaker. Spot base margin is adjusted slightly, traders and polyester factories are mainly buying rigid demand, and the market mentality is cautious. It is expected that the short-term market will maintain a narrow adjustment.

Glycol

Today, ethylene glycol market price shock correction. The international crude oil market fell, suppressing the market mentality, and the focus of negotiations in the ethylene glycol market began to weaken. The quotation in East China revolved around 4365 yuan / ton, down 65 yuan / ton compared with the previous working day. The quotation in South China is around 4430 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 maintains finishing. Polyester raw material PTA market weakens, the cost end support is general, the polyester chip market transaction center of gravity maintains stable. Downstream demand is relatively weak, maintaining a rigid demand for stock. 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 fluctuates in a narrow range. Polyester raw material PTA market is weak, the cost end to the market support is weak, bottle chip manufacturers offer to maintain stability, market offer a small adjustment; 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. The high cost of polyester promotes the market, some polyester manufacturers offer a narrow increase or low prices, the center of gravity of the market slightly increased, some manufacturers will continue to increase prices tomorrow. Downstream buying sentiment led to a rebound in market production and sales. 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 remains volatile. Cost-end finishing supports the market, and the staple fiber market negotiates that prices remain stable. Downstream rigid demand for stock, the overall production and marketing of the enterprise 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:  December 25th PTA main 2405 contract opening price: 5936, lowest price: 5864, highest price: 5942, closing price: 5904, settlement price: 5902, down 16, position: 1394034.

 

Ethylene glycol: December 25th EG main contract 2405 opening price: 4555, lowest price: 4480, highest price: 4590, closing price: 4536, settlement price: 4532, down 34, position: 428462.

V. production and marketing data of polyester market

VI. Future forecast

The international crude oil market falls, the market mentality tends to be cautious, 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 stock, market production and marketing is OK. 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.