Polyester industry chain: Polyester companies with high cost ends are actively bidding for shipments

1. Market trend chart of polyester industry chain

On June 24, the market price index of ethylene glycol was 4516.96, up 3.97 from the previous working day.

On June 24, the domestic PTA market price index was 5910, down 40% from the previous working day.

On June 24, the market price index of polyester chips was 7000, up 25% from the previous working day; the market price index of polyester bottle chips was 6950, down 35% from the previous working day.

II. Summary of market price of polyester industry chain

1. 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 5910 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract discount 20-Shengshui 20 near the transaction and negotiations, the spot basis is stable. International crude oil market fell, lack of support to the market, 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 PTA market will maintain a narrow adjustment.

Glycol

Today, the market price of ethylene glycol is in a narrow range. Supply-side support, the focus of ethylene glycol market negotiations rose slightly, East China quotation around 4510 yuan / ton, up 5 yuan / ton compared with the previous working day. The quotation in South China is around 4560 yuan / ton. Ethylene glycol port inventory fell sharply, supporting the market. The downstream polyester load remains high and the market rigid demand is stable. Lack of continuous drive in the market, the short-term ethylene glycol market is expected to fluctuate within a narrow range.

Polyester chip

Today, the polyester chip market is narrow and strong. High-end cost support, last weekend, polyester chip manufacturers made shipments, prices stabilized today, the focus of market negotiations increased. Downstream demand follow-up is general, market production and marketing is relatively weak. 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, cost end-to-market support weakens, some bottle chip manufacturers offer down 40-50 yuan / ton, the focus of market negotiations slightly pullback; downstream cautious wait-and-see, light market trading. It is expected that the short-term lactone bottle chip market may maintain finishing.

Polyester filament

Today, the market of polyester filament is strong. The high level of the polyester raw material market supports the market, the offer of mainstream polyester manufacturers is raised, and the focus of market negotiations increases slightly. Individual factories promote shipments, but the market production and marketing are OK. It is expected that the market price of filament will be arranged in a narrow range in the short term.

Polyester staple fiber

Today, the market of polyester staple fiber has risen sharply. The high end of the cost pressure on the market, staple fiber manufacturers began to actively push the price of shipments, processing fees and basis significantly strengthened, the focus of market negotiations increased. Downstream cautious wait-and-see, market production and marketing in general. It is expected that the short-term market price of polyester staple fiber will be maintained.

IV. Polyester Raw material Futures Market

PTA:PTA main force 2409 contract opening price: 5912, lowest price: 5898, highest price: 5950, closing price: 5942, settlement price: 5920, down 2, position: 783982.

Ethylene glycol:June 24th EG main contract 2409 opening price: 4520, lowest price: 4501, highest price: 4564, closing price: 4551, settlement price: 4530, up 28, position: 316395.

V. production and marketing data of polyester market

VI. Future forecast

The international crude oil market is high, the cost end forms the impetus to the market, the polyester raw material PTA and the ethylene glycol market supply and demand end support, the short-term market will be narrow shock, the polyester raw material end support, the polyester market offer will be mainly adjusted slightly with the cost, the downstream demand is weak, the 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.