Polyester industry chain: The raw material end has been corrected and the polyester market continues to weaken

I. the market trend chart of polyester industry chain

The market price index of ethylene glycol was 4487.71, down 12.75 from the previous working day.

 

On April 9th, China's PTA market price index was 5970, down 20% from the previous working day.

 

On April 9, the market price index of polyester chips was 6950, down 25% from the previous working day, while the market price index of polyester bottle chips was 7100, down 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 weakening in a narrow range, with a reference of 5970 yuan / ton. This week and next week, the main port and warehouse receipt delivery 05 discount 10-15 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 continued to adjust. The quotation in East China revolved around 4440 yuan / ton, down 10 yuan / ton compared with the previous working day. The quotation in South China is around 4500 yuan / ton. The inventory of ethylene glycol port increases, but recently there are more centralized maintenance devices, the market supply shrinks, the downstream polyester load remains high, and the demand side supports the market. While the market lacks continuous drive, it is expected that the ethylene glycol market will remain weak and volatile in the short term.

Polyester chip

Today, the polyester chip market is weak and volatile. The polyester raw material market fell, the cost end to the market support was insufficient, the polyester chip market partial offer lowered, the market negotiation center of gravity fell slightly. Downstream demand weakens, market production and sales are light. 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 continued to weaken, the cost side has suppressed the market, some bottle chip manufacturers have lowered their offers, and the focus of market negotiations has declined 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

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 demand follow-up is not good, market production and marketing is depressed. 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 finishing. The weak cost end is insufficient to support the market. At present, the processing fee of enterprises is low, and the quotation of staple fiber market is adjusted 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 month 9 PTA main 2405 contract opening price: 5996, lowest price: 5954, highest price: 6026, closing price: 5962, settlement price: 5988, down 36, position: 680322.

 

Ethylene glycol: April 9 EG main contract 2405 opening price: 4452, lowest price: 4413, highest price: 4486, closing price: 4435, settlement price: 4446, down 11, position: 310231.

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.