Polyester industry chain: Falling raw materials suppress polyester market and weak finishing

I. the market trend chart of polyester industry chain

On February 2nd, the market price index of ethylene glycol was 4653.60, down 23.78 from the previous working day.

 

On February 2nd, China's PTA market price index was 5860, down 60 percent from the previous working day.

 

On February 2nd, the market price index of polyester chips was 6950, down 25 from the previous working day. The market price index of polyester bottle chips was 7050, down 75% 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 5860 yuan / ton. This week and next week, the main port delivery 05 flat water-discount 10 near the transaction and negotiations. International crude oil fell, suppressing market mentality, PTA futures market continued to fall, spot basis fluctuations in a narrow range, traders and polyester factories rigid demand to buy mainly, 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 narrow and weak. Commodity market atmosphere is weak, suppressing market mentality, ethylene glycol market negotiations focus on a slight correction, East China quotation around 4650 yuan / ton, down 70 yuan / ton compared with the previous working day. The quotation in South China is around 4670 yuan / ton. The arrival of ethylene glycol port decreased, the port inventory dropped sharply, while the downstream polyester load continued to fall, and market trading weakened. 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 is weak. Polyester raw material PTA market fell, the cost end support is insufficient, the polyester chip factory offer is stable, the market transaction center of gravity falls slightly. Downstream demand is relatively weak, enterprise 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 for polyester bottle chips continues to decline. Polyester raw material PTA market fell, the cost end of the market formation pressure, bottle chip manufacturers offer down 50-100 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's polyester filament market deadlock finishing. Polyester cost to support the market in general, the mainstream polyester manufacturers offer stability, the market focus of narrow fluctuations. 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

Polyester staple fiber market fell narrowly today. The cost side fell back to the market support weakened, staple fiber market mainstream quotation slightly reduced. 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:  February 2 PTA main force 2405 contract opening price: 5878, lowest price: 5824, highest price: 5902, closing price: 5846, settlement price: 5864, down 72, position: 1141297.

 

Ethylene glycol:   February 2nd EG main contract 2405 opening price: 4700, lowest price: 4602, highest price: 4713, closing price: 4607, settlement price: 4652, down 131, position: 405963.

V. production and marketing data of polyester market

VI. Future forecast

High fluctuations in the international crude oil market promote the formation of the market, polyester raw materials 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 is deserted, market production and marketing is light. 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.