Polyester industry chain: The cost side supports the stalemate in the polyester market

1. Market trend chart of polyester industry chain

On September 14, the market price index of ethylene glycol was 4516.32, down 3.14 from the previous working day.

China's PTA market price index was 4800 on Sept. 14, unchanged from the previous working day.

On September 14, the market price index of polyester chips was 6150, which was the same as that of the previous working day, while that of polyester bottle chips was 6200, which was the same as that of 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 is maintained and sorted out, and it is discussed for reference near 4800 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 stable. The PTA futures market is closed. 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 arranged horizontally. Near the holidays, market negotiations turned weak, the focus of ethylene glycol market negotiations fluctuated slightly, East China quotation around 4450 yuan / ton, down 10 yuan / ton compared with the previous working day. The quotation in South China is around 4600 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. The polyester raw material market stabilizes, the cost end support is stable, the polyester chip manufacturer offers stable, the market negotiation center of gravity adjusts 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 of polyester bottles tends to be sorted out. Polyester raw material market finishing, cost-end support, bottle chip mainstream manufacturers offer stable, bottle chip futures closed, the focus of market negotiations fluctuated 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 material market stability to support the market, polyester mainstream manufacturers offer stability, the focus of market transactions 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 slightly today. The stability of the cost side supports the market, and the staple fiber market talks about a narrow adjustment of the center of gravity. 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: 4858, lowest price: 4846, highest price: 4944, closing price: 4882, settlement price: 4888, up 70%, position: 1277685.

Ethylene glycol:EG main contract 2501 opening price: 4425, lowest price: 4419, highest price: 4473, closing price: 4428, settlement price: 4441, up 20%, position: 294850.

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 a narrow range of shocks, 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 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.