Polyester industry chain: The high level of raw materials supports the polyester market to follow up cautiously

I. the market trend chart of polyester industry chain

On February 19th, the market price index of ethylene glycol was 4686.83, up 14.22 from the previous working day.

 

On February 19th, China's PTA market price index was 6000, unchanged from the previous working day.

 

On February 19th, the market price index of polyester chips was 7025, up 25% from the previous working day. The market price index of polyester bottle chips was 7175, up 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 adjusted within a narrow range, and it will be discussed around 6000 yuan / ton. February main port and warehouse receipt delivery 05 litres of water near 5-10 transactions and negotiations. After the opening of the festival, the commodity market atmosphere strengthened, boosting the market mentality, the PTA market offer rose in a narrow range. Spot base spread weakens slightly, traders and polyester factories are cautious, and market trading is deserted. 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 improvement of the commodity market atmosphere has boosted the market mentality, and the focus of negotiations in the ethylene glycol market has risen slightly. The quotation in East China revolves around 4710 yuan / ton, up 30 yuan / ton from the previous working day. The quotation in South China is around 4700 yuan / ton. Ethylene glycol port inventory growth is limited, downstream polyester load began to pick up, supply and demand to support the market. 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 strong. The polyester raw material market is higher, the cost end support is enhanced, the offer of some polyester chip factories is up, and the center of gravity of the market negotiation is slightly higher. Downstream demand weakens, watch the market carefully. 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 strong. The polyester raw material market rises, the cost end forms the impetus to the market, the bottle chip factory offer continues to raise 50 yuan / ton, the market offer pulls up slightly; the downstream is cautious to wait and see, the 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. The rising cost side supports the market, while the demand is weak and suppressed, the mainstream polyester manufacturers offer stable, and the focus of market transaction is adjusted slightly. Downstream follow-up is limited, market trading 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 rising cost of polyester supports the market, and the mainstream quotation in the staple fiber market is temporarily stable. Downstream sporadic replenishment, the market production and marketing 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:  February 19 PTA main force 2405 contract opening price: 5970, lowest price: 5962, highest price: 6018, closing price: 5972, settlement price: 5988, up 54, position: 1000806.

 

Ethylene glycol:   February 19 EG main contract 2405 opening price: 4708, lowest price: 4661, highest price: 4736, closing price: 4684, settlement price: 4702, up 43, position: 356543.

V. production and marketing data of polyester market

VI. Future forecast

The high fluctuation of the international crude oil market forms the support to the market, the polyester raw material PTA and the ethylene glycol market supply and demand end drive, the short-term market will adjust narrowly, the polyester raw material end supports, the polyester market offer will mainly adjust slightly with the cost, the downstream has not returned to the market, the market production and sale 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.