Polyester industry chain: lack of cost support, polyester market is weak

I. the market trend chart of polyester industry chain

The market price index of ethylene glycol was 4393.12, down 10.13 from the previous working day.

 

On May 10th, China's PTA market price index was 5780, down 40% from the previous working day.

 

On May 10th, 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 6975, 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, East China PTA spot market volatility is weak, negotiation reference 5780 yuan / ton near. This week and next week, the main port and warehouse receipt delivery 09 contract discount 5-15 nearby transactions and negotiations, the spot basis weakened. The weak atmosphere of the commodity market suppressed the market mentality, and the PTA futures market fell slightly. The rigid demand of traders and polyester factories follow up, and the market trading atmosphere is general. It is expected that the short-term market will maintain a narrow adjustment.

Glycol

Today, the market price of ethylene glycol is weak and volatile. Commodity market atmosphere is weak, suppressing market mentality, ethylene glycol market negotiations focus on a slight correction, East China quotation around 4330 yuan / ton, down 15 yuan / ton compared with the previous working day. The quotation in South China is around 4460 yuan / ton. Ethylene glycol port inventory rebounded slightly, while the downstream polyester load decreased slightly, the supply and demand side of the market support is insufficient. Lack of continuous drive in the market, the short-term ethylene glycol market is expected to fluctuate within a narrow range.

Polyester chip

Today's polyester chip market is narrowly arranged. The polyester raw material market is weak, the cost end-to-market support is general, the polyester chip market supply is tight, the market offer is stable, and the market negotiation center of gravity is adjusted narrowly. Downstream demand weakens, the 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

Today, the market for polyester bottle chips is weak. Polyester raw material market is weak, the cost end to the market support is insufficient, bottle chip manufacturers offer down 30-50 yuan / ton, the market negotiation center of gravity narrow callback; downstream cautious wait-and-see, market trading downturn. 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 is weak to the market support is insufficient, the polyester mainstream manufacturer mainstream offer is stable, some negotiations are loose, the market transaction center of gravity is narrow adjustment. Downstream demand increased, market production and sales rebounded. 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 fell in a narrow range. The weak cost end weakens the support of the market, and the price of staple fiber market falls slightly. Downstream rigid demand replenishment, part of the production and marketing is OK. It is expected that the short-term market price of polyester staple fiber will be maintained.

IV. Polyester Raw material Futures Market

PTA:5 10 PTA main 2409 contract opening price: 5824, lowest price: 5734, highest price: 5832, closing price: 5816, settlement price: 5786, down 2, position: 1134127.

 

Ethylene glycol: may 10th EG main contract 2409 opening price: 4407, lowest price: 4356, highest price: 4407, closing price: 4383, settlement price: 4380, down 38, position: 442403.

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 of 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 rigid demand follow up, market production and sales vary. 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.