Polyester industry chain: Raw materials slightly corrected back, polyester market trend is under pressure

I. the market trend chart of polyester industry chain

On February 20th, the market price index of ethylene glycol was 4667.87, down 18.96 from the previous working day.

 

On February 20th, China's PTA market price index was 5940, down 60 percent from the previous working day.

 

On February 20th, the market price index of polyester chips was 7000, down 25% from the previous working day. The market price index of polyester bottle chips was 7100, 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 falls back and adjusts, and it is negotiated to refer to around 5940 yuan / ton. February main port and warehouse receipt delivery 05 flat water-discount 15 near the transaction and negotiation. The weakening atmosphere of the commodity market suppressed the market mentality, and the PTA market offer fluctuated and fell. 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 adjusted back within a narrow range. The weakening atmosphere of the commodity market suppressed the market mentality, and the focus of negotiations in the ethylene glycol market fell slightly. The quotation in East China revolved around 4670 yuan / ton, down 40 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 weak. Polyester raw materials market fell, cost-end support weakened, some polyester chip factories offer down, the focus of market negotiations tend to be low-end. Downstream demand weakens and the market production and marketing is deserted. 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 market fell, the cost end of the market formation pressure, bottle chip manufacturers offer down 50 yuan / ton, market offer slightly lower; downstream cautious wait-and-see, light market trading atmosphere. It is expected that the short-term lactone bottle market may maintain finishing.

Polyester filament

Today's polyester filament market deadlock finishing. The decline in the cost side suppressed the market, the offer of mainstream polyester manufacturers was stable, and the center of gravity of the market was slightly adjusted. 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

Today, the polyester staple market fell in a narrow range. Polyester costs fell on the market to form a crackdown, staple fiber market mainstream quotations a small pullback. Downstream demand follow-up is limited, 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 20 PTA main 2405 contract opening price: 5972, lowest price: 5890, highest price: 5982, closing price: 5914, settlement price: 5942, down 74, position: 1032782.

 

Ethylene glycol:   February 20 EG main contract 2405 opening price: 4696, lowest price: 4619, highest price: 4728, closing price: 4634, settlement price: 4678, down 68, position: 388901.

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 supply and demand side of the polyester raw material PTA and ethylene glycol market is promoted, it is expected that the short-term market will adjust narrowly, the polyester raw material end will support, the polyester market offer will be mainly adjusted slightly with the cost, the downstream demand is weak, the 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.