Polyester industry chain: raw material rebound, polyester market stalemate

1. Market trend chart of polyester industry chain

On August 21st, the market price index of ethylene glycol was 4638.34, up 23.76 from the previous working day.

China's PTA market price index was 5360 on Aug. 21, up 40% from the previous working day.

On August 21, the market price index of polyester chips was 6700, down 25% from the previous working day, while the market price index of polyester bottle chips was 6725, 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 trend of PTA in East China is getting stronger, and we will consult around 5360 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract discount 20-rise water 25 near the transaction and negotiations, the spot basis is on the strong side. The atmosphere of China's commodity market improved, boosting the market mentality, and the PTA futures market rebounded 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 on the strong side. The atmosphere of the commodity market has improved, and the market is OK to buy gas. The focus of negotiations in the ethylene glycol market has risen slightly. The quotation in East China revolves around 4645 yuan / ton, up 40 yuan / ton from the previous working day. The quotation in South China is around 4730 yuan / ton. The supply side tightened and ethylene glycol port inventory fell, supporting 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 is stronger, the cost end support is stable, polyester chip manufacturers are more willing to ship, some offers are down, and the focus of market negotiations continues to decline. Downstream inquiry atmosphere improved, market production and sales rebounded. 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 stronger, the cost end support is stable, the mainstream bottle chip manufacturers offer a small adjustment, the focus of market negotiations tend to be low-end. 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 material market is strong to support the market, the price of mainstream polyester manufacturers is stable, some quotations are reduced narrowly, and the focus of market transaction is adjusted slightly. 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 market of polyester staple fiber is strong. The strengthening of the cost end has adjusted the market, and the focus of market negotiations on staple fiber has risen 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 force 2501 contract opening price: 5396, lowest price: 5384, highest price: 5454, closing price: 5440, settlement price: 5422, up 58, position: 1197980.

Ethylene glycol:EG main contract 2409 opening price: 4657, lowest price: 4645, highest price: 4690, closing price: 4683, settlement price: 4665, up 51, position: 249607.

V. production and marketing data of polyester market

VI. Future forecast

The international crude oil market remains high, the atmosphere of Chinese commodities is improving, and the market is boosted by the supply and demand of polyester raw materials PTA and ethylene glycol. It is expected that the short-term market will fluctuate in a narrow range, polyester raw materials will be driven, polyester market offers will be mainly adjusted slightly with costs, downstream rigid demand will follow up, and market production and sales will be 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.