Polyester industry chain: High fluctuations in raw materials, polyester market is deadlocked

I. the market trend chart of polyester industry chain

On January 31st, the market price index of ethylene glycol was 4688.46, up 15.82 from the previous working day.

 

On January 31, China's PTA market price index was 5975, down 25% from the previous working day.

 

On January 31, the market price index of polyester chips was 7000, unchanged from the previous working day. The market price index of polyester bottle chips was 7175, down 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, the spot market of East China PTA is narrow and weak, so we can negotiate around 6015 yuan / ton. This week and next week, the main port delivery 05 flat water-discount 30 near the transaction and negotiations. Market lack of continuous promotion, market supply and demand weakening, PTA futures market weakening, spot basis narrow callback, traders and polyester factories rigid demand buying-based, 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 narrow and strong. The supply and demand side is good, boosting the market mentality, the focus of ethylene glycol market negotiations slightly increased, East China quotation around 4740 yuan / ton, up 30 yuan / ton compared with the previous working day. The quotation in South China is around 4710 yuan / ton. Ethylene glycol port arrival decreased, port inventory dropped sharply, while downstream polyester load continued to fall, maintaining rigid demand for stock. The 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 factory offer is stable, the market transaction center of gravity fluctuates slightly. Downstream rigid demand follow-up, the production and marketing of some enterprises are OK. 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 weak. Polyester raw material PTA market is weak, the cost end of the market formation pressure, bottle chip manufacturers offer down 50 yuan / ton, market offer tends to low-end; downstream cautious follow-up, market trading atmosphere is light. It is expected that the short-term lactone bottle market may maintain finishing.

Polyester filament

Today, the market of polyester filament is strong. Under the pressure of high cost of polyester, the offer of some polyester manufacturers has been raised, and the center of gravity of the market has risen in a narrow range. Downstream demand weakens, the market production and marketing is deserted. It is expected that the market price of filament will tend to be sorted out in the short term.

Polyester staple fiber

The market of polyester staple fiber fluctuates in a narrow range today. The cost end is weak to support the market in general, and the mainstream quotation in the staple fiber market is adjusted slightly. There is not enough gas in the downstream, and the production and marketing of enterprises are 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 31 PTA main force 2405 contract opening price: 6030, lowest price: 5992, highest price: 6060, closing price: 6028, settlement price: 6032, down 20%, position: 1316407.

 

Ethylene glycol:   January 31st EG main contract 2405 opening price: 4672, lowest price: 4653, highest price: 4785, closing price: 4712, settlement price: 4716, down 30, position: 445592.

V. production and marketing data of polyester market

VI. Future forecast

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