Polyester industry chain: Lack of cost support, polyester market is weak and difficult to change

1. Market trend chart of polyester industry chain

On September 3rd, the market price index of ethylene glycol was 4704.13, down 12.68 from the previous working day.

China's PTA market price index was 5070 on Sept. 3, down 80% from the previous working day.

On September 3rd, the market price index of polyester chips was 6550, unchanged from the previous working day, while the market price index of polyester bottle chips was 6525, 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, East China PTA spot market continues to decline, negotiate reference near 5070 yuan / ton. This week and next week, the main port and warehouse receipt delivery 01 discount 80-120 near the transaction and negotiations, the spot basis weakened. The weak commodity atmosphere suppresses the market mentality, and the PTA futures market remains low. 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 trend of ethylene glycol is weak. The atmosphere of China's commodity market is weak, which suppresses the market mentality, and the focus of negotiations in the ethylene glycol market has dropped slightly. The quotation in East China revolves around 4730 yuan / ton, down 20 yuan / ton from the previous working day. The quotation in South China is around 4760 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 continued to decline, lack of cost-end support, polyester chip manufacturers offer temporarily stable, 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, the market for polyester bottle chips continues to weaken. Polyester raw material market fell, cost-end support weakened, some large bottle chip manufacturers continued to lower offers, bottle chip futures fell, 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 mainstream manufacturers offer more stable, some specifications quoted lower, the market transaction center of gravity 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's polyester staple market narrow finishing. The cost end is weak to support the market in general, the staple fiber market talks about a small adjustment of the focus. Downstream rigid demand buying, part of the market 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: 5144, lowest price: 5124, highest price: 5204, closing price: 5174, settlement price: 5166, down 74, position: 1382446.

Ethylene glycol:On September 3, the opening price of the EG main contract 2501 is 4734, the lowest price is 4678, the highest price is 4747, the closing price is 4697, the settlement price is 4713, down 52, and the position is 323099.

V. production and marketing data of polyester market

VI. Future forecast

The international crude oil market fluctuates at a high level, while the commodity atmosphere is weak, which 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 a narrow shock, polyester raw material end to promote, polyester market offer will mainly adjust slightly with the cost, downstream demand follow up insufficient, 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.