Analysis Of Polyester Chips' Upstream And Downstream Quotations In Mid February

< p > the price of PTA market in Asia is down 5 US dollars / ton to 950 US dollars / ton, the price range is 950-955 US dollars / ton CFR China, CFR Southeast Asia PTA price drops 5 US dollars / ton to 955 US dollars / ton, and CFR India price falls 5 US dollars / ton to 980 US dollars / ton.

PTA futures also showed a downward trend, and spot prices also moved down. The general offer price was delivered at 6600 yuan / ton, and the buyer's counter-offer price was 6500 yuan / ton, and some shipping prices were about 945-950 dollars / ton, and the buyer's counter-offer price was between 940-945 US dollars / ton.

< /p >

< p > MEG now the futures offer price has risen to around 6950 yuan / ton, the buyer's counter-offer price is 6900 yuan / ton, some sellers are selling at a low price, and the market atmosphere of MEG has risen slightly. The price of shipping quoted price is at the level of 950-955 US dollars / ton, and the negotiation price has been raised to 945-950 US dollars / ton left and right, which is also slightly sold by the seller at a low price.

< /p >

< p > < strong > upstream raw material industry dynamics: < /strong > < /p >

< p > January, the import volume of PX in China was 955 thousand tons, a significant increase of 172 thousand tons compared with December, and the import of PTA (including QTA) decreased by 20 thousand tons to 170 thousand tons compared with December.

In January, the total import volume of MEG in China was 936 thousand tons, which was 293 thousand tons higher than that of MEG in December.

< /p >

< p > < strong > polyester chip quotes < /strong > < /p >

< p > part of the semi gloss slice Market in East China is stable, the trading atmosphere is general, and the market price has not changed for the time being. Some products trade price is 8700-8800 yuan / ton cash level, and some second line brands offer slightly lower price, some of which are relatively high price is 9100 yuan / ton (cash), some of the lower actual paction price is 8550-8600 yuan / ton (cash).

In the eastern part of China, large light chips are half light. The general market quotation is 8700-8800 yuan / ton (cash), the real paction price is about 8650-8700 yuan / ton (cash), and a small number of buyers and sellers paction price is slightly higher. At this stage, the market supply is quite adequate.

In addition, the market of cationic slicing in East China still showed a weak trend. The quotation remained at 9650-9700 yuan / ton (cash), and the actual paction price was 50-100 yuan / ton lower than the quoted price. The actual price of the cationic slicing market in East China was around 9600 yuan / ton (cash).

< /p >

< p > Xiaoshan Zhejiang Rongsheng polyester chip quotation was lowered, its semifinished chip was reported to be 8800 yuan / ton (accepted in March) and glossy slice was reported at 8800 yuan / ton (acceptance in March).

< /p >

< p > < strong > contract goods < /strong > /p >

< p > Sinopec adjusts the quotation of polyester chip contract in February 2014, and now its semi gloss, glossy and industrial yarn chips are 9200-9300 yuan / ton.

In February 2014, polyester chips were quoted as follows: semi dull polyester chip contract price of 9450 yuan / ton; the price of polyester polyester chip was 9450 yuan / ton, and the February 2014 polyester chip joint price was not released for the time being. The price of semi polyester sliced polyester chip in February 2014 was 9350 yuan / ton, the price of glossy slicing was 9350 yuan / ton, and the price of glossy slicing was 9350 yuan / ton. The price of half price slit was 9350 yuan / ton, and the price of glossy slicing was 3500 yuan / ton. Southern China polyester enterprises (Foshan plastics, Foshan Yizheng, Guangdong Taifu, Zhuhai fuytung

< /p >

"P" industry trends: 2013 of the annual new production capacity of 4 million 130 thousand tons, of which a href= "http://www.91se91.com/news/index_c.asp" > polyester filament < /a > 2 million 380 thousand tons, polyester staple 250 thousand, polyester bottle 800 thousand, polyester film 700 thousand and so on.

< /p >

< p > < strong > post market forecast < /strong > < /p >

During the period of < p > mid February, some MX and PX prices of the "a href=" http://www.91se91.com/news/index_c.asp "international market < /a" continued to be volatile. The MX prices of some markets in Asia and other regions declined to varying degrees, and the spot prices of PX will continue to fluctuate. Especially in recent days, some of the Asian spot prices were strong, but due to the expected market divergence, the spot market atmosphere fluctuated.

A small number of PX manufacturers and bullish supporters support the spot price, but the latter is weak and the price is weakening.

The market believes that the price of PX will be consolidated at 1300 US dollars per ton CFR Taiwan / China's main port in addition to the sharp fall in the price of upstream naphtha.

Nevertheless, some people believe that the supply of PX is adequate, coupled with weak downstream demand and price pressures.

The PTA market in Southeast Asia and the polyester market show generally, resulting in a further increase in the supply of PX in the Chinese market.

< /p >

< p > domestic polyester plant starts at the end of February, is expected to rise from 80% to 61-62%, PTA demand or increase, thus supporting PX to buy gas.

However, the PTA plant started to run low, and the PX market is expected to rise strongly.

In the first half of February, the price of PTA products in India market was 66 rupees / kg, while the MEG price was 68.9 rupees / kg.

The supply of PTA in India is basically balanced and demand stable.

The average operation of India polymerization plant is 70%.

Some market participants are optimistic about the market outlook and believe that demand will improve after the arrival of the peak season in March.

But the specific improvement will depend on the market situation in China.

Therefore, it is expected that the market of MX, PX and PTA will meet the arrival of real spring in a small change.

< /p >

< p > because since the middle of February, upstream a href= "http://www.91se91.com/news/index_c.asp" > raw material < /a > ethylene price has been decreasing in price, resulting in the reduction of some MEG processing costs. Because of the low demand for ethylene glycol in some international markets, there is still no turning point after the fifteen month of the Spring Festival. The market price of ethylene glycol is relatively low in the middle of February, and there is a slight downward trend in some manufacturers with relatively high inventory prices. For example, the price of the February contract of the US MEG will go down in the US glycol market because of the price cut by many manufacturers.

The benchmark price of MEG of North America in February was heard at 54 cents / pound, down 2 cents / pound compared with January MEGlobal.

Indorama priced its US regional MEG in February at 59 cents / pound, down 2 cents / ton.

< /p >

< p > therefore, it is expected that the market price of ethylene glycol will show a slight fluctuation trend, and the risk of the future market will still exist.

At the same time, in view of the frequent fluctuations in the raw material market, most market participants are still cautious about the market outlook. It is expected that the market opportunities and risks of PET chips will be the same in the international market. The domestic slice Market is also the case. Only when the number of downstream enterprises needs to increase, will the products really change. Otherwise, the price of products will be slightly weakened and the market will be inevitable.

< /p >