Polyester industry chain: Market push weakens polyester market deadlock

I. the market trend chart of polyester industry chain

On April 3rd, the market price index of ethylene glycol was 4516.98, down 2.37 from the previous working day.

 

On April 3rd, China's PTA market price index was 6030, up 20% from the previous working day.

 

On April 3, the market price index of polyester chips was 6950, up 25% from the previous working day; the market price index of polyester bottle chips was 7125, unchanged 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 PTA in East China is high and strong, with a reference of 6030 yuan / ton. This week and next week, the main port and warehouse receipt delivery 05 discount 15-20 near the transaction and negotiation. The rise of the international crude oil market has supported the market, and the trend of PTA futures market is on the strong side. Spot basis is stable, the recent increase in PTA equipment maintenance, market supply tightened to support market prices. Traders and polyester factories are cautious, and the market has a rigid demand for buying. It is expected that the short-term market will maintain a narrow adjustment.

Glycol

Today, the market price of ethylene glycol is in a narrow range. The cost end forms the support to the market, the spot basis is stable, the center of gravity of the ethylene glycol market negotiations is adjusted slightly, and the quotation in East China revolves around 4495 yuan / ton, down 5 yuan / ton compared with the previous working day. The quotation in South China is around 4520 yuan / ton. The reduction of ethylene glycol port inventory, coupled with the recent increase in centralized maintenance equipment, market supply is expected to reduce, downstream polyester load remains high, 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 narrow and strong. The polyester raw material market is strong, the cost end to the market support is strengthened, the polyester chip market offer is raised, and the market negotiation center of gravity increases slightly. Downstream rigid demand for stock, market production and sales decline. It is expected that the polyester chip market will maintain the finishing operation in the short term.

Polyester bottle chip

Today's polyester bottle chip market is arranged in a narrow range. The polyester raw material market is high, the cost end promotes the market, the mainstream bottle chip manufacturers offer is stable, the market negotiation center of gravity adjusts slightly; the downstream is cautious and the market trading atmosphere is light. It is expected that the short-term lactone bottle market may maintain finishing.

Polyester filament

Today, the market of polyester filament is strong. The strength of the polymer raw material market promoted the formation of the market, the price of some polyester manufacturers increased, the low-end offer decreased, and the center of gravity of the market increased slightly. Downstream demand is relatively weak, the market production and marketing is general. It is expected that the market price of filament will tend to be sorted out in the short term.

Polyester staple fiber

Today, polyester staple fiber market maintains finishing. The high cost of polyester supports the market, and the quotation of staple fiber market is adjusted slightly. Downstream cautious wait-and-see, the market production and sales light. It is expected that the short-term market price of polyester staple fiber will be maintained.

IV. Polyester Raw material Futures Market

PTA:4 March 3 PTA main 2405 contract opening price: 6050, lowest price: 6018, highest price: 6068, closing price: 6034, settlement price: 6040, up 10%, position: 773746.

 

Ethylene glycol: April 3 EG main contract 2405 opening price: 4480, lowest price: 4453, highest price: 4504, closing price: 4493, settlement price: 4480, down 10%, position: 302154.

V. production and marketing data of polyester market

VI. Future forecast

The international crude oil market remains high and strong, promoting 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 high adjustment, polyester raw material end support, polyester market offer will be mainly with the cost small adjustment, downstream cautious follow-up, market production and sales downturn. 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.