Polyester industry chain: Lack of cost support, polyester market trend is weakening

I. the market trend chart of polyester industry chain

On May 6th, the market price index of ethylene glycol was 4418.49, up 8.35 from the previous working day.

 

China's PTA market price index was 5840 on May 6th, down 75% from the previous working day.

 

On May 6th, 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 7025, 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 East China PTA fluctuates and falls, and it is negotiated to refer to around 5840 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract discount 5-rise water 5 near the transaction and negotiations, the spot basis is strong. The international crude oil market fell, suppressing the market mentality, and the PTA futures market fell. Traders and polyester factories are mainly low-level replenishment, the market trading atmosphere is OK. It is expected that the short-term market will maintain a narrow adjustment.

Glycol

Today, the market price of ethylene glycol is on the strong side. The decline in port inventory boosted the market mentality, and the focus of negotiations in the ethylene glycol market increased slightly. The quotation in East China was around 4370 yuan / ton, up 20% from the previous working day. The quotation in South China is around 4500 yuan / ton. Recently, ethylene glycol port shipments are good, port inventory has dropped sharply, 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 fell, cost end-to-market support weakened, polyester chip market supply tightened, market offer stable, market negotiation focus narrow adjustment. Downstream demand follow-up is general, market production and marketing is depressed. 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 offer down 50 yuan / ton, the focus of market negotiations tend to be low-end; downstream carefully wait and see to maintain rigid demand replenishment. It is expected that the short-term lactone bottle market may maintain finishing.

Polyester filament

Today's polyester filament market deadlock finishing. The polyester raw material market falls back to the market support is insufficient, the polyester mainstream manufacturer mainstream offer is stable, some quotes slightly pullback, the market transaction center of gravity is narrow 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

The market of polyester staple fiber is weak today. The lower cost end suppresses the market, and the price of staple fiber market pulls back slightly. Downstream demand rigid demand follow-up, some production and marketing is better. It is expected that the short-term market price of polyester staple fiber will be maintained.

IV. Polyester Raw material Futures Market

PTA:5 June 6 PTA main 2409 contract opening price: 5850, lowest price: 5820, highest price: 5860, closing price: 5854, settlement price: 5838, down 68, position: 963115.

 

Ethylene glycol: may 6th EG main contract 2409 opening price: 4441, lowest price: 4421, highest price: 4488, closing price: 4471, settlement price: 4460, up 18, position: 368419.

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.