Polyester industry chain: Costs continue to fall, polyester market remains weak

1. Market trend chart of polyester industry chain

On August 20th, the market price index of ethylene glycol was 4614.58, up 11.91 from the previous working day.

On August 20th, the domestic PTA market price index was 5320, down 80% from the previous working day.

On August 20, the market price index of polyester chips was 6725, down 25% from the previous working day; the market price index of polyester bottle chips was 6775, down 50% 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 continues to decline, with a reference of 5320 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract discount 20-rise 15 near the transaction and negotiations, the spot basis is on the strong side. The international crude oil market fell, suppressing the market mentality, and the PTA futures market continued to fall. 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 to buy gas is OK, the focus of ethylene glycol market negotiations rose slightly, East China quotation around 4605 yuan / ton, up 15 yuan / ton compared with the previous working day. The quotation in South China is around 4700 yuan / ton. The negative operation of domestic units and the decline of ethylene glycol port inventory support the market. The downstream polyester load is low, and the demand end 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 manufacturers offer down, the focus of market negotiations continued to decline. Downstream demand follow-up is insufficient, the market production and marketing is light. 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 50 yuan / ton, the focus of market negotiations continued to fall. 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, some production and sales improved. 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 2501 contract opening price: 5374, lowest price: 5336, highest price: 5428, closing price: 5390, settlement price: 5382, down 68, position: 1202041.

Ethylene glycol:EG main contract 2409 opening price: 4594, lowest price: 4591, highest price: 4670, closing price: 4663, settlement price: 4632, up 70%, position: 242604.

V. production and marketing data of polyester market

VI. Future forecast

The volatility of the international crude oil market has intensified, promoting the formation of the market, polyester raw materials PTA and ethylene glycol market supply and demand end support, it is expected that the short-term market will be a narrow range of shocks, polyester raw materials 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.