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    January 21St Morning Market Report: Weekend Crude Oil Rose PET Chip Price Rose 50-100 Yuan / Ton

    2019/1/21 11:27:00 34

    Polyester Chip Quotation

    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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    January 21St Market Morning Post: Short Ethylene Glycol Continued Weak Finishing Market

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