Polyester industry chain: The cost side drives the polyester market to rise sharply

1. Market trend chart of polyester industry chain

On October 8th, the market price index of ethylene glycol was 4752.09, up 85.26 from the previous working day.

China's PTA market price index was 5340 on Oct. 8, up 280 from the previous working day.

On October 8th, the market price index of polyester chips was 6650, up 350 from the previous working day, and the market price index of polyester bottle chips was 6675, up 275% 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 continues to rise, with a reference of 5380 yuan / ton. This week and next week, the main port and warehouse receipt delivery 01 discount 43-55 near the transaction and negotiations, the spot basis is strong. The international crude oil market is high, China's policy is favorable to stimulate, the commodity market is collectively higher, boosting the market mentality, and the PTA futures market fluctuates after opening high. 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 may be strongly adjusted.

Glycol

Today, the ethylene glycol market volatility strengthened. The rise of international crude oil has been boosted, the market has actively pursued the rise, and the focus of negotiations in the ethylene glycol market has risen. The quotation in East China revolves around 4830 yuan / ton, up 130 yuan / ton from the previous working day. The quotation in South China is around 4930 yuan / ton. Ethylene glycol port inventory decline, supporting the market. The downstream polyester load is high, 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

The polyester chip market fluctuated higher today. The polyester raw material market rises, the cost end promotes, the polyester chip factory offer rises sharply, the market negotiation center of gravity rises. Downstream rigid demand for stock-based, market production and sales decline. 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 strengthen. Polyester raw material market rose sharply, cost-end support enhanced, bottle chip manufacturers offered a substantial increase, bottle chip futures market upward, the focus of market negotiations increased. Downstream cautious follow-up, light market trading. It is expected that the short-term lactone bottle chip market may maintain finishing.

Polyester filament

The market trend of polyester filament is getting stronger today. Polyester raw materials market rise to promote the formation of the market, polyester mainstream manufacturers offer has been raised, the focus of market transactions have moved up. Downstream demand weakens, market production and sales decline. It is expected that the market price of filament will be arranged in a narrow range in the short term.

Polyester staple fiber

Polyester staple fiber market rose narrowly today. The rising cost side supports the market, and the focus of negotiations in the staple fiber market follows the upward trend. Downstream rigid demand follow-up, market production and marketing in general. 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: 5500, lowest price: 5298, highest price: 5500, closing price: 5310, settlement price: 5388, up 192,192, position: 988499.

Ethylene glycol:EG main contract 2501 opening price: 4820, lowest price: 4742, highest price: 4820, closing price: 4793, settlement price: 4778, up 167, position: 267278.

V. production and marketing data of polyester market

VI. Future forecast

China's policy side is good to boost, support the market, polyester raw materials PTA and ethylene glycol market supply and demand support, it is expected that the short-term market will be strong shock, polyester raw materials end-driven, polyester market offer will be mainly adjusted slightly with the cost, downstream rigid demand follow-up, market production and sales weakening. Short-term polyester market prices are expected to fluctuate in 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.