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    January 18Th Market Morning Post: Price Stabilization Of Polyester Chips

    2019/1/18 10:07:00 32

    Market PricesPET Chip Prices

    Varieties

    January 17th price

    Ups and downs

    Company

    crude oil

    WTI

    Fifty-two point zero seven

    -0.24

    USD / barrel

    Brent

    Sixty-one point one eight

    -0.14

    USD / barrel

    raw material

    PX

    One thousand and fifty-nine

    -11

    US dollar / ton

    PTA

    Six thousand three hundred and five

    -15

    Yuan / ton

    MEG

    Five thousand and eighty

    -95

    Yuan / ton

    PET chip

    Semi optical section

    Seven thousand six hundred and fifty

    Zero

    Yuan / ton

    Bright section

    Seven thousand and seven hundred

    Zero

    Yuan / ton

    Macro news

    U.S. stocks closed lower after opening up, the Dow index rose more than 200 points, oil prices fell more than 2%, but the closing decline narrowed sharply, the pound rose by 0.7%.

    Forecast today

    Crude oil shock trend, cost side support temporarily stable, polyester chip manufacturers stable shipment, some manufacturers mainly contract goods.

    Expect.

    Polyester chip manufacturers recently limited efforts to upgrade, and take into account the downstream stock mentality, prudent operation.

    The price of polyester chips is expected to be stabilized today.

    Industry start up rate

    industry

    January 16th

    January 17th

    change

    PTA

    77.22%

    77.22%

    0%

    polyester

    81.63%

    81.63%

    0%

    Jiangsu and Zhejiang looms

    63%

    63%

    0%

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