January 21St Morning Market Report: Weekend Crude Oil Rose PET Chip Price Rose 50-100 Yuan / Ton
Varieties | January 18th price | Ups and downs | Company | |
crude oil | WTI | Fifty-three point eight zero | +1.73 | USD / barrel |
Brent | Sixty-two point seven zero | +1.52 | USD / barrel | |
raw material | PX | One thousand and seventy | +11 | US dollar / ton |
PTA | Six thousand three hundred and twenty-five | +20 | Yuan / ton | |
MEG | Four thousand nine hundred and ninety-five | -85 | 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 | China Taxation Administration: exemption from VAT for some small scale taxpayers, and resource tax reduction within the 50% tax range. | |||
Forecast today | Weekend crude oil rose to enhance polyester cost surface, polyester products prices were rising, polyester chip quotes rose slightly at 50-100 yuan / ton, near the end of the year, the downstream market has been stocked up gradually, and this week downstream slicing spinning factory parking phenomenon increased further, it is expected that today polyester chip offer or narrow fluctuation. | |||
Industry start up rate | ||||
industry | January 17th | January 18th | change | |
PTA | 77.22% | 77.22% | 0% | |
polyester | 81.63% | 81.59% | -0.04% | |
Jiangsu and Zhejiang looms | 63% | 55% | -8% |
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