Polyester industry chain: High costs support stalemate in the polyester market

I. the market trend chart of polyester industry chain

On April 28, the market price index of ethylene glycol was 4405.40, down 2.37 from the previous working day.

 

On April 28th, China's PTA market price index was 5925, up 20% from the previous working day.

 

On April 28th, the market price index of polyester chips was 6850, unchanged from the previous working day, while the market price index of polyester bottle chips was 7075, 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 remains at a high level, with a reference of 5925 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract discount near 0-10 nearby transactions and negotiations, the spot basis is strong. The high level of the international crude oil market supports the market. 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 market price of ethylene glycol remains volatile. The international crude oil market is high, supporting the market mentality, and the focus of ethylene glycol market negotiations has been adjusted slightly. The quotation in East China revolves around 4340 yuan / ton, down 5 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, the market supply pressure is high, the downstream polyester load remains high, and the demand side forms support to the market. While the market lacks continuous drive, it is expected that the ethylene glycol market will fluctuate within a narrow range in the short term.

Polyester chip

Today, the polyester chip market fluctuates in a narrow range. Polyester raw material market consolidation, cost end-to-market support is stable, polyester chip market offer is stable, low-end offer is reduced, market negotiation center of gravity is narrow pullback. Downstream demand follow-up in general, market production and sales weakening. 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 materials market finishing, the cost end of the market to form support, bottle chip manufacturers offer stability, the focus of market negotiations a small adjustment; downstream cautious wait-and-see, light market trading. It is expected that the short-term lactone bottle market may maintain finishing.

Polyester filament

Today's polyester filament market narrow finishing. Polyester raw materials market finishing to form a support for the market, polyester mainstream manufacturers offer stability, local offers narrowly reduced, the market focus of small adjustment. Downstream demand weakens, market production and sales decline. 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 end of the cost supports the market, the low-end offer of the staple fiber market decreases, and the market center of gravity rises narrowly. Downstream demand follow-up is general, 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 26 PTA main 2409 contract opening price: 5918, lowest price: 5880, highest price: 5948, closing price: 5936, settlement price: 5916, up 10%, position: 943510.

 

Ethylene glycol: April 26th EG main contract 2409 opening price: 4448, lowest price: 4415, highest price: 4460, closing price: 4454, settlement price: 4440, up 10%, position: 369584.

V. production and marketing data of polyester market

VI. Future forecast

The international crude oil market maintains a high level, cost end support, polyester raw material PTA and ethylene glycol market supply and demand side drive, it is expected that the short-term market will be narrow shock, polyester raw material end support, polyester market offer will be mainly adjusted slightly with the cost, downstream cautious wait-and-see, market production and sales decline. 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.