Polyester industry chain: High raw materials support stalemate in the polyester market

I. the market trend chart of polyester industry chain

On March 12, the market price index of ethylene glycol was 4608.91, up 11.85 from the previous working day.

 

On March 12th, China's PTA market price index was 5780, up 10% from the previous working day.

 

On March 12, the market price index of polyester chips was 6825, down 25 from the previous working day by 7025, which was the same as the previous working day.

 

II. Summary of market price of polyester industry chain

III. Brief introduction of Polyester Industry chain Market

PTA

Today, East China PTA spot market is arranged in a narrow range, with a reference of 5780 yuan / ton. This week and next week, the main port and warehouse receipt delivery 05 discount 25-28 near the transaction and negotiation. The international crude oil market is high, supporting the market mentality, and the PTA futures market fluctuates in a narrow range. 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 strong. High cost support, the focus of ethylene glycol market negotiations slightly increased, East China quotation around 4590 yuan / ton, up 25 yuan / ton compared with 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. Polyester raw materials market finishing, lack of cost end support, polyester chip market offer is on the low end, the focus of market negotiations slightly pullback. 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 of polyester bottle chips is maintained and arranged. Polyester raw material market finishing, cost end-to-market support is general, the mainstream bottle chip manufacturers offer stable, the market mainstream offer on the 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's polyester filament market narrow finishing. The cost end supports the market generally, the offer of polyester enterprises is stable temporarily, and the center of gravity of the market transaction is adjusted narrowly. Downstream demand weakens, market production and marketing is relatively weak. 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 of polyester is firmly supported by the market, and the quotation of staple fiber market is adjusted slightly. 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 12 PTA main 2405 contract opening price: 5788, lowest price: 5782, highest price: 5828, closing price: 5790, settlement price: 5804, down 2, position: 1071205.

 

Ethylene glycol: March 12 EG main contract 2405 opening price: 4616, lowest price: 4596, highest price: 4648, closing price: 4637, settlement price: 4620, up 37, position: 387605.

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 be slightly adjusted with the cost, downstream rigid demand stock, market production and sales 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.