Polyester industry chain: weak raw material support, weak polyester market

I. the market trend chart of polyester industry chain

On April 30th, the market price index of ethylene glycol was 4410.14, unchanged from the previous working day.

 

On April 30th, China's PTA market price index was 5915, down 15% from the previous working day.

On April 30th, 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 7050, 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 5915 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract discount near 0-5 nearby transactions and negotiations, the spot basis is stable. The international crude oil market fell, suppressing the market mentality, and the PTA futures market weakened 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 market price of ethylene glycol remains volatile. The international crude oil market is weak, the market mentality is cautious, the focus of negotiations in the ethylene glycol market is adjusted slightly, and the quotation in East China revolves around 4350 yuan / ton, which is the same as 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's polyester chip market is narrowly arranged. Polyester raw material market arrangement, cost end-to-market support is stable, polyester chip market offer is stable, market negotiation center of gravity is adjusted narrowly. Downstream rigid demand replenishment-based, market 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

The market for polyester bottle chips is narrowly weak today. Polyester raw material market is weak, the cost end to the market support is insufficient, bottle chip manufacturers part of the offer reduced by 30-50 yuan / ton, the focus of market negotiations tend to be low-end; 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 deadlock finishing. Polyester raw material market is weak to support the market in general, polyester mainstream manufacturers offer stable, market focus of small adjustment. The downstream demand remains weak, and the 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, polyester staple fiber market maintains finishing. Cost-side weakness on the market support in general, staple fiber market quotations remain stable, some quotations are lower, the focus of market negotiations narrow adjustment. 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 March 30 PTA main 2409 contract opening price: 5934, lowest price: 5902, highest price: 5950, closing price: 5908, settlement price: 5922, down 34, position: 903977.

 

Ethylene glycol: April 30th EG main contract 2409 opening price: 4455, lowest price: 4437, highest price: 4469, closing price: 4462, settlement price: 4453, up 11, position: 370136.

V. production and marketing data of polyester market

VI. Future forecast

The high fluctuation of the international crude oil market promotes the formation of the market, the supply and demand side of the polyester raw material PTA and ethylene glycol market is promoted, and the short-term market is expected to fluctuate in a narrow range, 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 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.