Polyester industry chain: The decline in raw materials drags down the polyester market to weaken

1. Market trend chart of polyester industry chain

On September 18th, the market price index of ethylene glycol was 4500.43, down 15.89 from the previous working day.

China's PTA market price index was 4720 on Sept. 18, down 80% from the previous working day.

On September 18, the market price index of polyester chips was 6125, down 25% from the previous working day; the market price index of polyester bottle chips was 6175, down 25% 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 4720 yuan / ton. This week and next week, the main port and warehouse receipt delivery 01 discount 80-90 near the transaction and negotiations, the spot basis is strong. International crude oil futures open low, the atmosphere of Chinese commodities is weak, depress the market mentality, PTA futures market is lower. 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 ethylene glycol market is weak. The weakening of the commodity atmosphere has suppressed the market mentality, and the focus of negotiations in the ethylene glycol market has dropped slightly. The quotation in East China revolves around 4430 yuan / ton, down 20 yuan / ton from the previous working day. The quotation in South China is around 4560 yuan / ton. Ethylene glycol port is expected to continue to go to the warehouse, forming support for the market. The downstream polyester load is stable 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 is weak. The polyester raw material market fell, the cost end suppressed the market, the polyester chip market offer was loose, and the focus of market negotiations fell slightly. Downstream demand weakens, market production and sales are light. It is expected that the polyester chip market will maintain the finishing operation in the short term.

Polyester bottle chip

Today, the market trend of polyester bottle chips is weak. Polyester raw material market fell, cost-end support weakened, bottle chip mainstream manufacturers offer down, bottle chip futures market fell, the focus of market negotiations fell 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 decline in the lack of market support, polyester mainstream manufacturers offer stable, market focus to maintain finishing. Downstream demand slows, market production and sales are not good. 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 cost end falls to the market support weakens, the staple fiber supply tightens the support, the market negotiates the center of gravity narrow adjustment. Downstream rigid demand follow-up, 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: 4940, lowest price: 4748, highest price: 4940, closing price: 4766, settlement price: 4806, down 122, position: 1344710.

Ethylene glycol:EG main contract 2501 opening price: 4450, lowest price: 4369, highest price: 4450, closing price: 4391, settlement price: 4403, down 50, position: 301355.

V. production and marketing data of polyester market

VI. Future forecast

Low fluctuations in the international crude oil market promote the formation of the market, polyester raw materials PTA and ethylene glycol market supply and demand end support, it is expected that the short-term market will be weak 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 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.