Polyester industry chain: lack of cost support, polyester market is weak

I. the market trend chart of polyester industry chain

The market price index of ethylene glycol was 4597.06 on March 11, up 10.31 from the previous working day.

 

On March 11th, China's PTA market price index was 5770, down 15% from the previous working day.

 

On March 11, the market price index of polyester chips was 6850, down 25 from the previous working day. The market price index for polyester bottle chips was 7025, and 25% lower than 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 weak, and we will consult around 5770 yuan / ton. This week and next week, the main port and warehouse receipt delivery 05 discount 23-25 near the transaction and negotiation. International crude oil market fell, suppressing market mentality, PTA futures market narrow correction. Spot base difference is stable, 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 maintained. High cost support, ethylene glycol market negotiations focus on a small adjustment, East China quotation around 4565 yuan / ton, up 15 yuan / ton compared to the previous working day. The quotation in South China is around 4650 yuan / ton. The inventory of ethylene glycol port increases, the downstream polyester load gradually picks up, and the supply and demand side does not 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 narrowly weak. The polyester raw material market is weak, the cost end support is insufficient, the polyester chip market offer is on the low end, and the market negotiation center of gravity pulls back slightly. Downstream rigid demand for stock-based, enterprise production and marketing is 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 weak and volatile. Polyester raw material market is weak, the cost end to the market support is insufficient, the mainstream bottle chip manufacturers offer down 50 yuan / ton, the market offer tends to be low-end; 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, the market of polyester filament falls back and finishes. Cost end to market support in general, polyester enterprises concentrated price reduction shipments, the market transaction center of gravity fell narrowly. Downstream rigid demand for stock, some production and sales rebounded. It is expected that the market price of filament will tend to be sorted out in the short term.

Polyester staple fiber

Today's polyester staple market narrow pullback. The cost of polyester is insufficient to support the market, the price of staple fiber market falls slightly, and the supply of goods based on the market is strong. Downstream demand follow-up is general, enterprise production and marketing is light. It is expected that the short-term market price of polyester staple fiber will be maintained.

IV. Polyester Raw material Futures Market

PTA:3 11 PTA main 2405 contract opening price: 5802, lowest price: 5762, highest price: 5832, closing price: 5788, settlement price: 5792, down 20%, position: 1089194.

 

Ethylene glycol: March 11 EG main contract 2405 opening price: 4595, lowest price: 4567, highest price: 4625, closing price: 4615, settlement price: 4600, up 32, position: 376466.

V. production and marketing data of polyester market

VI. Future forecast

The high fluctuation of the international crude oil market promotes 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 stock, market production and sales are different. 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.