Polyester industry chain: The raw material end fell and the polyester market trend weakened

1. Market trend chart of polyester industry chain

On August 19th, the market price index of ethylene glycol was 4602.67, up 4.74 from the previous working day.

On August 19th, the domestic PTA market price index was 5400, down 120 from the previous working day.

On August 19th, the market price index of polyester chips was 6750, down 25% from the previous working day, while the market price index of polyester bottle chips was 6825, down 25% 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 has fluctuated and dropped, with a reference of 5400 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract discount 22-rise water 5 near the transaction and negotiations, the spot basis is stable. The international crude oil market fell, suppressing the market mentality, and the PTA futures market fell. 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 on the strong side. Supply tightened support, the market mentality became stronger, the focus of ethylene glycol market negotiations rose slightly, East China quotation around 4590 yuan / ton, up 10 yuan / ton compared with the previous working day. The quotation in South China is around 4670 yuan / ton. The negative operation of domestic units and the decline of ethylene glycol port inventory support the market. The downstream polyester load drops, and the demand-side support is general. 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. Polyester raw material PTA market fell, cost-end support weakened, polyester chip market offer down, market negotiation center of gravity slightly lower. Downstream demand follow-up is insufficient, market production and marketing weakens. 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 fell, lack of cost-end support, mainstream bottle chip manufacturers offer down 40-60 yuan / ton, the focus of market negotiations fell 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 deadlock finishing. Polyester raw materials market decline in the lack of market support, the mainstream polyester manufacturers offer stable, market focus of small adjustment. Downstream rigid demand procurement, market production and marketing downturn. 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 polyester staple market falls back and finishes. The decline in the cost side depressed the market, and the focus of negotiations in the staple fiber market fell slightly. Downstream rigid demand buying, the market production and marketing is light. 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 2501 contract opening price: 5510, lowest price: 5372, highest price: 5530, closing price: 5378, settlement price: 5458, down 192, position: 1194570.

Ethylene glycol:EG main contract 2409 opening price: 4568, lowest price: 4547, highest price: 4636, closing price: 4599, settlement price: 4593, up 13, position: 215615.

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, 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 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.