Polyester industry chain: The cost end is weakening. The polyester market is deadlocked

1. Market trend chart of polyester industry chain

On August 2nd, the market price index of ethylene glycol was 4665.14, down 42.78 from the previous working day.

On August 2nd, the domestic PTA market price index was 5795, down 25% from the previous working day.

On August 2nd, the market price index of polyester chips was 7025, which was the same as that of the previous working day, while that of polyester bottle chips was 7075, which was the same as that of 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 East China PTA is narrow and weak, so we can negotiate around 5795 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract Shengshui 12-15 near the transaction and negotiations, the spot basis weakened. The international crude oil market fell, suppressing the market mentality, and the PTA futures market weakened. 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 weak. Under the pressure of the decline in the cost end, the focus of negotiations in the ethylene glycol market fell slightly, and the quotation in East China was around 4675 yuan / ton, down 70 yuan / ton from the previous working day. The quotation in South China is around 4720 yuan / ton. Ethylene glycol port inventory rose, the market support weakened. The downstream polyester load falls, and the demand side weakens. 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. Polyester raw material PTA market weakens, the cost end support is general, the polyester chip market offer is stable, the market negotiation center of gravity adjusts slightly. Downstream rigid demand followed up, market production and sales fell slightly. 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 fluctuates in a narrow range. Polyester raw material market is weak, cost end support weakens, mainstream bottle chip manufacturers offer down 50 yuan / ton, market negotiations focus on a small adjustment. Downstream cautious follow-up, market trading turned weak. It is expected that the short-term lactone bottle chip market may maintain finishing.

Polyester filament

Today's polyester filament market deadlock finishing. Polyester raw material market is weak to the lack of market support, polyester mainstream manufacturers offer stable, market negotiation focus to maintain finishing. The downstream demand is weak, and the market production and marketing is light. It is expected that the market price of filament will be arranged in a narrow range in the short term.

Polyester staple fiber

Today's polyester staple market horizontal finishing. The weakening of the cost end suppresses the formation of the market, and the staple fiber market talks about a small adjustment of the center of gravity. Downstream demand follow-up in general, market production and sales weakening. 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: 5808, lowest price: 5760, highest price: 5812, closing price: 5770, settlement price: 5784, down 28, position: 722023.

Ethylene glycol:EG main contract 2409 opening price: 4685, lowest price: 4639, highest price: 4696, closing price: 4662, settlement price: 4663, down 30, position: 237888.

V. production and marketing data of polyester market

VI. Future forecast

The international crude oil market weakens, suppresses the formation of the market, polyester raw material PTA and ethylene glycol market supply and demand end support, it is expected that the short-term market will be narrow shock, polyester raw material end-driven, polyester market offer will be mainly adjusted slightly with the cost, downstream rigid demand follow-up, market production and sales in general. 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.