Polyester industry chain: Falling raw material end, polyester market is weak and difficult to change

1. Market trend chart of polyester industry chain

On August 23, the market price index of ethylene glycol was 4631.17, down 2.37 from the previous working day.

China's PTA market price index was 5290 on Aug. 23, down 55% from the previous working day.

On August 23, the market price index of polyester chips was 6650, unchanged from the previous working day, while the market price index of polyester bottle chips was 6675, 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 trend of the spot market of PTA in East China is weakening, and it is discussed to refer to 5290 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 weak. Falling costs and supply pressures depressed 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 maintained. The international crude oil market rose, the cost was high, and the focus of negotiations in the ethylene glycol market fluctuated slightly. The quotation in East China revolved around 4640 yuan / ton, down 5 yuan / ton compared with the previous working day. The quotation in South China is around 4700 yuan / ton. Ethylene glycol port inventory rose, the formation of pressure on 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 maintains finishing. The PTA market of polyester raw materials is weak, the cost end support is insufficient, the offer of polyester chip manufacturers is stable, and the focus of market negotiation is adjusted slightly. Downstream rigid demand follow-up, market production and marketing in general. 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, the cost end support is insufficient, some bottle chip manufacturers offer a small reduction, 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, the market of polyester filament is weak. The weakening of the polyester raw material market suppresses the formation of the market, the price of some polyester manufacturers is reduced narrowly, the market negotiation is loose, and the focus of market transaction falls slightly. Downstream demand follow-up is general, market production and marketing is depressed. 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 narrow pullback. The weakening of the cost end suppressed the market, and the focus of market negotiations on staple fiber fell slightly. Downstream rigid demand buying, market production and marketing is relatively weak. 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: 5360, lowest price: 5306, highest price: 5382, closing price: 5350, settlement price: 5348, down 52, position: 1271944.

Ethylene glycol:EG main contract 2501 opening price: 4663, lowest price: 4639, highest price: 4684, closing price: 4649, settlement price: 4661, down 26, position: 247988.

V. production and marketing data of polyester market

VI. Future forecast

The international crude oil market maintains a high level, while the Chinese commodity atmosphere is weak, suppressing the formation of the market, polyester raw material PTA and ethylene glycol market supply and demand end support, short-term market is expected to be narrow shock, polyester raw material end-driven, polyester market offer will mainly adjust 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.