Polyester industry chain: The cost side drives the polyester market to strengthen within a narrow range

I. the market trend chart of polyester industry chain

On April 7th, the ethylene glycol market price index was 4531.26, up 14.28 from the previous working day.

 

On April 7th, China's PTA market price index was 6030, unchanged from the previous working day.

 

On April 7th, the market price index of polyester chips was 6975, up 25% from the previous working day; the market price index of polyester bottle chips was 7175, up 50% 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 10-15 near the transaction and negotiation. The rise in the international crude oil market has supported the market. Recently, the overhaul of PTA devices has increased, and the market supply has been 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 strong. The rise in the international crude oil market promoted the formation of the market, and the focus of negotiations in the ethylene glycol market increased slightly. The quotation in East China revolved around 4515 yuan / ton, up 20 yuan / ton from the previous working day. The quotation in South China is around 4550 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 international crude oil market is rising, the polyester raw material market is strong, the cost end to the market support is enhanced, the polyester chip market offer is up, and the focus of market negotiation is slightly higher. Downstream rigid demand for stock, market production and marketing are different. 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 strong. The international crude oil market rises, the polyester raw material market is high, the cost end promotes the market, some bottle chip manufacturers offer an increase of 50 yuan / ton, and the focus of market negotiations increases slightly; downstream is cautious and the market trading atmosphere is general. It is expected that the short-term lactone bottle market may maintain finishing.

Polyester filament

Polyester filament market rose narrowly today. The rise of the international crude oil market, the strength of the polyester raw material market has promoted the market, some polyester manufacturers' offers have been raised, the low-end offers have decreased, and the focus of market trading has increased slightly. Downstream rigid demand stock, market production and marketing in general. 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 is narrowly strengthened. The strength of the cost end promotes the market, and the quotation of the staple fiber market increases slightly. Downstream cautious wait-and-see, 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: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 strong, promoting the formation of the market, polyester raw materials PTA and ethylene glycol market supply and demand side promotion, it is expected that the short-term market will be high adjustment, polyester raw material end support, polyester market offer will mainly adjust slightly with the cost, downstream cautious follow-up, 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.