Polyester industry chain: The cost side is weak, polyester market follows up cautiously

1. Polyester industry chain market trend chart

On November 12, the ethylene glycol market price index was 4,621.23, down 12.68 from the previous working day.

On November 12, China's PTA market price index was 4805, down 20 percent from the previous working day.

On November 12, the polyester chip market price index was 6140, unchanged from the previous working day; the polyester bottle chip market price index was 6175, unchanged from the previous working day.

2. Summary of market prices in the polyester industry chain

1. Brief introduction of polyester industry chain market

PTA

Today, the PTA spot market in East China is weak, and discussions refer to around 4805 yuan/ton. Transactions and negotiations around the main port and warehouse receipt delivery 01 discount 70-75 this week and next week, and the spot basis is stable. The decline in the international crude oil market suppressed market mentality and the PTA futures market corrected within a narrow range. Traders and polyester factories just needed to follow up, and the market trading atmosphere was general. It is expected that the short-term PTA market may adjust within a narrow range.

glycol

Today, the ethylene glycol market weakened within a narrow range. Under the pressure of falling costs, the focus of negotiations in the ethylene glycol market dropped slightly. Quotes in East China ranged around 4610 yuan/ton, down 20 yuan/ton from the previous working day. The price in South China is around 4690 yuan/ton. Ethylene glycol port stocks fell, providing support for the market. The downstream polyester load is high, and the demand side support is solid. The market lacks sustained drive and the ethylene glycol market is expected to fluctuate within a narrow range in the short term.

polyester chip

Today, the polyester chip market remains organized. The polyester raw material market is weak, the cost support is moderate, the polyester chip market offers are stable, and the focus of market negotiations has been slightly adjusted. Downstream just needed to follow up, and some production and sales improved. It is expected that the polyester chip market may maintain finishing operation in the short term.

polyester bottle flakes

Today, the polyester bottle chip market fluctuated within a narrow range. The polyester raw material market is weak, and the cost support is moderate. Some bottle and chip manufacturers have lowered their offers, the bottle and chip futures market has slightly corrected, and the focus of market negotiations has been adjusted within a narrow range. Downstream followed up cautiously, and market transactions were light. It is expected that the polyester bottle sheet market will remain consolidated in the short term.

polyester filament

Today's polyester filament market is deadlocked. The weak polyester raw material market provides general support for the market. The mainstream quotations of polyester companies remain stable, with individual quotations slightly adjusted, and the focus of market transactions is stable. Downstream demand is weak, and market production and sales are sluggish. It is expected that the filament market price may be narrowed in the short term.

polyester staple fiber

Today's polyester staple fiber market is being narrowed. The weak cost side provided insufficient support for the market, and the focus of negotiations on the staple fiber market was slightly adjusted. Downstream demand is weak, and market production and sales are average. It is expected that the short-term market price of polyester staple fiber may remain consolidated.

4. Polyester raw materials futures market

PTA：On November 12, the opening price of the PTA main 2501 contract: 4888, the lowest price: 4860, the highest price: 4912, the closing price: 4868, the settlement price: 4882, down 30, and the open position: 1254012.

Ethylene glycol:On November 12, the opening price of the EG main contract 2501 of the DSE was 4581, the lowest price was 4562, the highest price was 4602, the closing price was 4567, the settlement price was 4579, down 44, and the open position was 230021.

5. Polyester market production and sales data

6. Future outlook forecast

The weak international crude oil market has put pressure on the market. The supply and demand sides of the polyester raw materials PTA and ethylene glycol markets support it. It is expected that the short-term market will fluctuate within a narrow range. The polyester raw material side will push forward. The polyester market offers will be slightly adjusted mainly based on costs. The downstream just need to follow up, and the market production and sales are sluggish. Short-term polyester market prices are expected to fluctuate within a narrow range. In the later period, we will pay close attention to changes in the raw material market and the supply and demand side of polyester itself.