Polyester industry chain: Rising raw materials drive production and sales in the polyester market to rebound

I. the market trend chart of polyester industry chain

On January 12th, the market price index of ethylene glycol was 4455.88, up 8.76 from the previous working day.

 

China's PTA market price index was 5735 on Jan. 12, up 55% from the previous working day.

 

On January 12, the market price index of polyester chips was 6750, up 25% from the previous working day. The market price index of polyester bottle chips was 6925, up 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 is narrow and strong, so we can negotiate around 5735 yuan / ton. This week and next week, the main port delivery 05 discount 35-45 near the transaction and negotiations. The rise in the international crude oil market boosted the market, and the PTA futures market rose 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 weak and volatile. Boosted by the rise in the international crude oil market, the focus of negotiations in the ethylene glycol market rose slightly. The quotation in East China revolved around 4450 yuan / ton, up 15 yuan / ton from the previous working day. The quotation in South China is around 4530 yuan / ton. Ethylene glycol port inventory decreased, 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 is narrow and strong. Polyester raw materials PTA market is strong, cost-driven, coupled with part of the supply is relatively tight, polyester chip market offer up, the market trading center of gravity rose 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

The market for polyester bottle chips rose slightly today. Polyester raw material PTA market is strong, cost end-to-market support is enhanced, bottle chip manufacturers offer up 50 yuan / ton, market offer rises; downstream cautious follow-up to maintain rigid demand replenishment. It is expected that the short-term lactone bottle market may maintain finishing.

Polyester filament

The market of polyester filament fell slightly today. The cost end is strong to support the market, manufacturers are more willing to ship, mainstream polyester manufacturers offer lower or preferential offer expansion, the market transaction center of gravity slightly pullback. Downstream active replenishment, the market production and marketing improved. 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 for polyester staple fiber is narrow and strong. Cost-side enhancement to promote the formation of the market, staple fiber market quotation slightly increased. Downstream rigid demand replenishment is the main, enterprise production and marketing is better. It is expected that the short-term market price of polyester staple fiber will be maintained.

IV. Polyester Raw material Futures Market

PTA:  January 12 PTA main 2405 contract opening price: 5756, lowest price: 5736, highest price: 5818, closing price: 5778, settlement price: 5774, up 50, position: 1149357.

 

Ethylene glycol:   January 12 EG main contract 2405 opening price: 4554, lowest price: 4510, highest price: 4569, closing price: 4548, settlement price: 4537, up 34, position: 415716.

V. production and marketing data of polyester market

VI. Future forecast

The international crude oil market trend is strong, promoting the formation of the market, polyester raw material PTA and ethylene glycol market supply and demand, 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 replenishment, market production and sales pick up. 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.