Polyester industry chain: raw material rebound, polyester market follows up cautiously

1. Market trend chart of polyester industry chain

On August 13, the market price index of ethylene glycol was 4601.90, up 5.57 from the previous working day.

On Aug. 13, the domestic PTA market price index was 5590, up 65% from the previous working day.

On August 13, the market price index of polyester chips was 6825, down 25 from the previous working day; the market price index of polyester bottle chips was 6900, unchanged from the previous working day.

II. Summary of market price of polyester industry chain

1. Brief introduction of Polyester Industry chain Market

PTA

Today, East China PTA spot market shock is strong, negotiate reference 5590 yuan / ton near. This week and next week, the main port and warehouse receipt delivery 09 contract discount 0-8 near the transaction and negotiation, the spot basis is stable. The rise of the international crude oil market has boosted the market mentality, coupled with the good support of the supply and demand side of PTA itself, the PTA futures market rose. 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 maintained. Cost-end support, ethylene glycol market negotiations focus on a small adjustment, East China quotation around 4585 yuan / ton, up 5 yuan / ton compared to the previous working day. The quotation in South China is around 4680 yuan / ton. Ethylene glycol port inventory rose, the market support weakened. The downstream polyester load picks up, and the demand side forms support. 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 weak. The PTA market of polyester raw materials is stronger, the cost end support is stable, the shipping sentiment of polyester chip manufacturers is improved, and the focus of market negotiations continues to decline. Downstream active follow-up, market production and marketing improved. It is expected that the polyester chip market will maintain the finishing operation in the short term.

Polyester bottle chip

Today's polyester bottle chip market is arranged in a narrow range. Polyester raw material market is strong, the cost end support is stable, some bottle chip manufacturers offer upward, the market negotiation center of gravity is adjusted slightly. Downstream cautious follow-up, light market trading. It is expected that the short-term lactone bottle chip market may maintain finishing.

Polyester filament

Today's polyester filament market narrow finishing. Polyester raw material market is strong to support the market, the price of mainstream polyester manufacturers is stable, and the local trading center of the market moves slightly downward. Downstream rigid demand procurement, the low end of the market transaction is 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 is strong. The strong cost end promotes the market, and the focus of negotiations in the staple fiber market increases slightly. Downstream rigid demand buying, 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: 5582, lowest price: 5564, highest price: 5624, closing price: 5600, settlement price: 5594, up 62, position: 590649.

Ethylene glycol:EG main contract 2409 opening price: 4547, lowest price: 4530, highest price: 4569, closing price: 4537, settlement price: 4548, up 1, position: 182179.

V. production and marketing data of polyester market

VI. Future forecast

The international crude oil market is high and strong, forming support for 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 a narrow shock, polyester raw material end to promote, polyester market offer will be mainly adjusted slightly with the cost, downstream rigid demand to follow up, market production and marketing is OK. 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.