Polyester industry chain: The raw material end fell and the polyester market weakened within a narrow range

I. the market trend chart of polyester industry chain

On April 8th, the market price index of ethylene glycol was 4500.46, down 30.80 from the previous working day.

 

On April 8th, China's PTA market price index was 5990, down 40% from the previous working day.

 

On April 8th, the market price index of polyester chips was 6975, unchanged from the previous working day; the market price index of polyester bottle chips was 7150, down 25 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 weakening in a narrow range, with a reference of 5990 yuan / ton. This week and next week, the main port and warehouse receipt delivery 05 discount 5-15 near the transaction and negotiation. The decline in the international crude oil market has depressed 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 weak. The international crude oil market fell, the market atmosphere turned empty, and the focus of negotiations in the ethylene glycol market adjusted slightly. The quotation in East China revolved around 4450 yuan / ton, down 65 yuan / ton compared with the previous working day. The quotation in South China is around 4550 yuan / ton. The inventory of ethylene glycol port increases, but recently there are more centralized maintenance equipment, the market supply is expected to decrease, the downstream polyester load remains high, and the supply and demand side forms support to 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 and volatile. The international crude oil market fell, the polyester raw material market fell, the cost end-to-market support was insufficient, part of the polyester chip market offer was lowered, and the focus of market negotiations fell slightly. Downstream rigid demand stock, local 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. The international crude oil market has fallen, the polyester raw material market has weakened, and the cost side has suppressed the market. Some bottle chip manufacturers have lowered their offers by 50 yuan / ton, and the focus of market negotiations has declined slightly. Downstream, the market trading atmosphere is general. It is expected that the short-term lactone bottle market may maintain finishing.

Polyester filament

Today's polyester filament market deadlock finishing. Polyester raw materials market weakening market support in general, polyester some manufacturers offer stability, market focus of small adjustment. 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 weak. The weakening of the cost end suppresses the formation of the market, and the price of the staple fiber market pulls back 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 8 PTA main 2405 contract opening price: 6000, lowest price: 5968, highest price: 6028, closing price: 5996, settlement price: 5998, down 44, position: 745385.

 

Ethylene glycol: April 8th EG main contract 2405 opening price: 4488, lowest price: 4424, highest price: 4489, closing price: 4438, settlement price: 4446, down 42, position: 322790.

V. production and marketing data of polyester market

VI. Future forecast

The international crude oil market weakens, suppresses the formation of the market, polyester raw material PTA and ethylene glycol market supply and demand end to promote, it is expected that the short-term market will shock 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.