Polyester industry chain: Costs remain high, polyester market production and sales fall

I. the market trend chart of polyester industry chain

On December 26th, the market price index of ethylene glycol was 4340.81, up 16.69 from the previous working day.

 

On December 26th, China's PTA market price index was 5870, up 10% from the previous working day.

 

On December 26, the market price index of polyester chips was 6730, down 20% 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, the spot market of PTA in East China fluctuates in a narrow range, with a reference of 5870 yuan / ton. This week and next week, the main port delivery 01 liters of water near 10-15 transactions and negotiations. The high cost supports the market, and the PTA futures market adjusts slightly. Spot basis fluctuates slightly, traders and polyester factories buy mainly in rigid demand, and the market mentality is cautious. It is expected that the short-term market will maintain a narrow adjustment.

Glycol

Today, the market price of ethylene glycol is maintained. International crude oil market consolidation, supporting the market mentality, ethylene glycol market negotiations focus on little fluctuation, East China quotation around 4370 yuan / ton, up 5 yuan / ton compared with 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's polyester chip market is narrowly arranged. The polyester raw material PTA market fluctuates slightly, the cost end support is general, the polyester chip market offer is stable, the market transaction center of gravity tends to the low end. Downstream demand is relatively weak, the market production and marketing is depressed. It is expected that the polyester chip market will maintain the finishing operation in the short term.

Polyester bottle chip

Today, the market of polyester bottle chips is maintained and arranged. Polyester raw materials PTA market finishing, cost end-to-market support is general, bottle chip manufacturers offer to maintain stability, market offer a small adjustment; downstream demand is light, carefully wait and see the market trend. It is expected that the market for lactone bottles will be sorted out slightly in the short term.

Polyester filament

The market trend of polyester filament is on the strong side today. The high cost of polyester promoted the market, some polyester manufacturers offered a narrow increase or low prices, and the focus of some specifications market increased slightly. Downstream demand weakens, market production and sales decline. 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-end finishing to support the market, staple fiber market quotations remain stable, some low-end prices reduced. Downstream cautious follow-up, 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 26th PTA main 2405 contract opening price: 5900, lowest price: 5876, highest price: 5932, closing price: 5894, settlement price: 5906, down 8, position: 1383562.

 

Ethylene glycol: December 26th EG main contract 2405 opening price: 4550, lowest price: 4504, highest price: 4552, closing price: 4518, settlement price: 4527, down 14, position: 424457.

V. production and marketing data of polyester market

VI. Future forecast

The international crude oil market maintains a high level, 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 mainly adjust slightly with the cost, downstream demand weakens, market production and sales decline. 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.