Polyester industry chain: The commodity atmosphere is weakening. The decline in the polyester market is accelerating

1. Market trend chart of polyester industry chain

On September 2nd, the market price index of ethylene glycol was 4697.24, down 24.60 from the previous working day.

China's PTA market price index was 5150 on Sept. 2, down 160 from the previous working day.

On September 2nd, the market price index of polyester chips was 6550, down 100 from the previous working day, while the market price index of polyester bottle chips was 6575, down 125 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 fallen back and sorted out, with a reference of 5150 yuan / ton. This week and next week, the main port and warehouse receipt delivery 01 discount 75-115 near the transaction and negotiations, the spot basis weakened. The decline in the international crude oil market, the weak commodity atmosphere, suppressed the market mentality, and the decline in the PTA futures market expanded. 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 weakens. The international crude oil market fell, suppressing the market mentality, and the focus of negotiations in the ethylene glycol market dropped slightly. The quotation in East China revolved around 4750 yuan / ton, down 35 yuan / ton compared with the previous working day. The quotation in South China is around 4780 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 market volatility of polyester chips is weaker. The market of polyester raw materials fell, the cost end support was insufficient, the offer of polyester chip manufacturers was lowered, and the focus of market negotiations fell. 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, the market of polyester bottle chips falls back and collates. Polyester raw material market fell, cost-end support weakened, mainstream bottle chip manufacturers offer down 100-150 yuan / ton, bottle chip futures continued to decline, the focus of market negotiations fell. 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, 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

Today, the market for polyester staple fiber is narrow and weak. The decline in the cost side has depressed the market, and the focus of negotiations in the staple fiber market has fallen slightly. 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 force 2501 contract opening price: 5388, lowest price: 5134, highest price: 5394, closing price: 5140, settlement price: 5248, down 274, position: 1413701.

Ethylene glycol:EG main contract 2501 opening price: 4782, lowest price: 4718, highest price: 4789, closing price: 4734, settlement price: 4749, down 41, position: 327358.

V. production and marketing data of polyester market

VI. Future forecast

The international crude oil market falls, the commodity atmosphere is weak, suppresses 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 weak shock, polyester raw material end to promote, 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.