Polyester industry chain: lack of cost support, production and sales in the polyester market have weakened

I. the market trend chart of polyester industry chain

On April 22, the market price index of ethylene glycol was 4486.26, down 2.37 from the previous working day.

 

On April 22nd, China's PTA market price index was 5930, down 25% from the previous working day.

 

On April 22nd, the market price index of polyester chips was 6900, unchanged from the previous working day, while the market price index of polyester bottle chips was 7100, down 25 from the previous working day.

 

II. Summary of market price of polyester industry chain

III. Brief introduction of Polyester Industry chain Market

PTA

Today, the spot market of PTA in East China is weak, and we will consult around 5930 yuan / ton. This week and next week, the main port and warehouse receipt delivery 05 flat water-discount 10 near the transaction and negotiation. The international crude oil market fell, the atmosphere of China's commodity market weakened, and the PTA futures market fell slightly. Traders and polyester factories are cautious and trading in the market is light. It is expected that the short-term market will maintain a narrow adjustment.

Glycol

Today, the market price of ethylene glycol fluctuates in a narrow range. The international crude oil market is high, supporting the market mentality, and the focus of ethylene glycol market negotiations has been adjusted slightly. The quotation in East China revolves around 4440 yuan / ton, down 5 yuan / ton compared with the previous working day. The quotation in South China is around 4550 yuan / ton. The inventory of ethylene glycol port increases, the market supply pressure increases, the downstream polyester load remains high, and the demand side forms support to the market. The lack of continuous drive in the market, the short-term ethylene glycol market is expected to maintain a narrow range of volatility.

Polyester chip

Today, the polyester chip market fluctuates in a narrow range. The polyester raw material market is weak, the cost end to the market support is general, the polyester chip market offer is stable, the market negotiation center of gravity is narrow adjustment. Downstream demand is weak, the market production and marketing is 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 is weak. Polyester raw material market is weak, cost end-to-market support is general, mainstream bottle chip manufacturers offer stable, market negotiation focus tends to low-end; downstream cautious wait-and-see, market trading atmosphere is general. It is expected that the short-term lactone bottle market may maintain finishing.

Polyester filament

Today's polyester filament market deadlock finishing. Polyester raw material market is weak to the lack of market support, polyester mainstream manufacturers offer stable, market focus of small adjustment. Downstream demand weakens, market production and marketing is depressed. It is expected that the market price of filament will tend to be sorted out in the short term.

Polyester staple fiber

Today, the market for polyester staple fiber is narrow and strong. The high cost end forms the support to the market, the pressure of low processing fee is greater, the spot of some staple fiber brands is tight, and part of the short fiber market quotation is narrowly higher. Downstream follow-up is not good, the market production and marketing is light. It is expected that the short-term market price of polyester staple fiber will be maintained.

IV. Polyester Raw material Futures Market

PTA:4 22 PTA main 2409 contract opening price: 5960, lowest price: 5952, highest price: 5992, closing price: 5970, settlement price: 5974, down 28, position: 970997.

 

Ethylene glycol: April 22nd EG main contract 2409 opening price: 4528, lowest price: 4523, highest price: 4573, closing price: 4554, settlement price: 4551, up 2, position: 279816.

V. production and marketing data of polyester market

VI. Future forecast

The weakening of the international crude oil market, the formation of a crackdown on the market mentality, polyester raw material PTA and ethylene glycol market supply and demand, it is expected that the short-term market will be weak shock, polyester raw material end support, polyester market offer will be mainly adjusted slightly with the cost, downstream demand weakens, market production and sales decline. 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.