Polyester industry chain: The cost side is weak, the polyester market is deadlocked

I. the market trend chart of polyester industry chain

On April 23rd, the market price index of ethylene glycol was 4476.71, down 12.75 from the previous working day.

 

On April 23, China's PTA market price index was 5935, up 5% from the previous working day.

 

On April 23, the market price index of polyester chips was 6900, unchanged from the previous working day; the market price index of polyester bottle chips was 7100, 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 maintained and sorted out, and it is discussed for reference near 5935 yuan / ton. This week and next week, the main port and warehouse receipt delivery 05 litres of water 5-discount 13 nearby transactions and negotiations. The international crude oil market fell, suppressing the market atmosphere, and the PTA futures market adjusted slightly. Traders and polyester factories are cautious and trading in the market is light. It is expected that the short-term market will maintain a narrow adjustment.

Glycol

Today, the price of ethylene glycol market is weak and volatile. The international crude oil market fell, suppressing the market mentality, and the focus of negotiations in the ethylene glycol market decreased slightly. The quotation in East China revolved around 4430 yuan / ton, down 10 yuan / ton compared with the previous working day. The quotation in South China is around 4520 yuan / ton. The inventory of ethylene glycol port increases, the market supply pressure increases, the downstream polyester load remains high, and the 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 narrow range of volatility.

Polyester chip

Today, the polyester chip market fluctuates in a narrow range. Polyester raw material market arrangement, cost end-to-market support is general, polyester chip market offer is stable, market negotiation center of gravity is narrow adjustment. Downstream demand is weak, the market production and marketing is general. 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, mainstream bottle chip manufacturers offer stable, market negotiation center of gravity is low; downstream cautious wait-and-see, 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 material market is weak to the lack of market support, polyester mainstream manufacturers offer stable, individual models down, the market transaction center of gravity slightly adjusted. Downstream demand weakens, 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, the polyester staple market is narrowly weak. The weak cost end suppresses the market, and some quotations in the staple fiber market are adjusted back in a narrow range. Downstream follow-up is not good, the market 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:4 23 PTA main 2409 contract opening price: 5968, lowest price: 5952, highest price: 5996, closing price: 5960, settlement price: 5972, down 14, position: 957892.

 

Ethylene glycol: April 23rd EG main contract 2409 opening price: 4550, lowest price: 4505, highest price: 4563, closing price: 4506, settlement price: 4540, down 45, position: 280573.

V. production and marketing data of polyester market

VI. Future forecast

The weakening of the international crude oil market, the formation of a crackdown on the market mentality, polyester raw material PTA and ethylene glycol market supply and demand, it is expected that the short-term market will be weak shock, polyester raw material end support, polyester market offer will be mainly adjusted slightly with the cost, downstream demand is weak, market production and marketing 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.