Polyester industry chain: High costs support stalemate in the polyester market

1. Market trend chart of polyester industry chain

On August 30th, the market price index of ethylene glycol was 4721.84, up 8.71 from the previous working day.

On August 30th, China's PTA market price index was 5310, unchanged from the previous working day.

On August 30th, the market price index of polyester chips was 6650, which was the same as that of the previous working day, while that of polyester bottle chips was 6700, which was the same as that of 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 is maintained and sorted out, and it is discussed for reference near 5310 yuan / ton. This week and next week, the main port and warehouse receipt delivery 01 discount 88-130 near the transaction and negotiations, the spot basis weakened. The rise of the international crude oil market supports the market mentality, and the PTA futures market adjusts narrowly. 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 rise in the international crude oil market boosted the market mentality, and the focus of negotiations in the ethylene glycol market rose slightly. The quotation in East China revolved around 47825 yuan / ton, up 15 yuan / ton from the previous working day. The quotation in South China is around 4830 yuan / ton. Ethylene glycol port inventory decline, 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 maintains finishing. Polyester raw materials market finishing, cost end support is stable, polyester chip manufacturers offer stability, market negotiations focus on a small adjustment. Downstream cautious wait-and-see, 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's polyester bottle chip market is arranged in a narrow range. Polyester raw materials market finishing, the cost end support is stable, the mainstream bottle chip manufacturers offer stability, bottle chip futures market substantially low opening, the focus of market negotiations to adjust 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 finishing to support the market, polyester manufacturers offer more stable, the focus of market transactions fluctuated slightly. Downstream follow-up slowdown, market production and sales downturn. It is expected that the market price of filament will be arranged in a narrow range in the short term.

Polyester staple fiber

The market of polyester staple fiber fluctuates in a narrow range today. The high cost end supports the market, and the staple fiber market talks about a small adjustment of the focus. Downstream rigid demand buying, market production and marketing weakening. 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: 5408, lowest price: 5386, highest price: 5446, closing price: 5398, settlement price: 5414, up 6, position: 1239236.

Ethylene glycol:EG main contract 2501 opening price: 4770, lowest price: 4758, highest price: 4796, closing price: 4790, settlement price: 4775, up 20%, position: 332189.

V. production and marketing data of polyester market

VI. Future forecast

The international crude oil market is stronger, forming a boost to 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 demand weakening, 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.