Polyester industry chain: Cost support weakens polyester market stalemate

I. the market trend chart of polyester industry chain

On January 8th, the market price index of ethylene glycol was 4472.10, up 47.87 from the previous working day.

 

China's PTA market price index was 5805 on Jan. 8, down 40% from the previous working day.

 

On January 8th, the market price index of polyester chips was 6750, unchanged from the previous working day. The market price index of polyester bottle chips was 6925, 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 is weak and volatile, so we will consult near 5805 yuan / ton. This week and next week, the main port delivery 05 discount 40-45 near the transaction and negotiations. Commodity markets weakened and depressed, and PTA futures market fell 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 price of ethylene glycol market fluctuates higher. The rise in the international crude oil market boosted the market mentality, and the focus of negotiations in the ethylene glycol market rose slightly. The quotation in East China revolved around 4540 yuan / ton, up 40 yuan / ton from the previous working day. The quotation in South China is around 4580 yuan / ton. Ethylene glycol port inventory continues to decline, while downstream polyester load is relatively maintained, maintaining rigid demand for stock. Lack of continuous drive in the market, the short-term ethylene glycol market is expected to maintain a volatile trend.

Polyester chip

Today, the polyester chip market maintains finishing. Polyester raw material PTA market is weak, the cost end support is insufficient, the polyester chip market offer is stable, the market transaction center of gravity is adjusted slightly. Downstream follow-up cautious, market production and marketing is relatively weak. 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 is weak, the cost end to the market support is insufficient, some bottle chip manufacturers offer a small adjustment, market offer small fluctuations; 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's polyester filament market deadlock finishing. The cost end to the market support is general, the mainstream polyester manufacturer offer remains stable, the market transaction center of gravity adjusts slightly. Downstream demand is relatively weak, the market production and marketing is depressed. 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 weak cost end suppresses the market, and the quotation of staple fiber market fluctuates slightly. Downstream rigid demand replenishment-based, the overall production and marketing of enterprises is relatively light. It is expected that the short-term market price of polyester staple fiber will be maintained.

IV. Polyester Raw material Futures Market

PTA:  January 8 PTA main force 2405 contract opening price: 5890, lowest price: 5766, highest price: 5952, closing price: 5776, settlement price: 5850, down 112, position: 1397770.

 

Ethylene glycol:   January 8th EG main contract 2405 opening price: 4685, lowest price: 4626, highest price: 4775, closing price: 4661, settlement price: 4697, up 40, position: 509071.

V. production and marketing data of polyester market

VI. Future forecast

International crude oil market consolidation, market formation promotion, polyester raw material PTA and ethylene glycol market supply and demand end promotion, it is expected that the short-term market will be narrow adjustment, polyester raw material end support, polyester market offer will be mainly with the cost small adjustment, downstream cautious follow-up, market production and sales light. Short-term polyester market prices are expected to fluctuate within a narrow range. In the later stage, pay close attention to the changes of the raw material market and the supply and demand of polyester itself.