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    January 30Th Morning Market Report: Polyester Chip Market With Narrow Fluctuation

    2019/1/30 11:39:00 16

    PET Chip

    Varieties

    One

    month

    Twenty-nine

    Daily price

    Ups and downs

    Company

    crude oil

    WTI

    Fifty-three point three one

    +1.32

    dollar

    /

    bucket

    Brent

    Sixty-one point three two

    +1.39

    dollar

    /

    bucket

    raw material

    PX

    One thousand and fifty-nine point six seven

    +1.67

    dollar

    /

    ton

    PTA

    Six thousand four hundred and fifty-five

    -10

    element

    /

    ton

    MEG

    Five thousand and five

    -45

    element

    /

    ton

    PET chip

    Semi optical section

    Seven thousand and nine hundred

    Zero

    element

    /

    ton

    Bright section

    Seven thousand and nine hundred

    Zero

    element

    /

    ton

    Macro news

    US stocks were mixed, and technology stocks fell.

    0.7%

    The British Parliament vetoed the delaying of Europe, and the oil price rose.

    2%

    The US sanctions the Venezuelan state oil company; it is much closer to the historical highs.

    10%

    Forecast today

    At the end of the year, the main shock of polyester raw materials was limited, and the fluctuation range was limited. Downstream sliced spinning and traders stopped more maintenance, polyester chip manufacturers mainly contracted goods, and production and marketing were poor.

    There is only a small turnover of new products. It is estimated that the narrow fluctuation of polyester chip market today is the main factor.

    Industry start up rate

    industry

    One

    month

    Twenty-eight

    day

    One

    month

    Twenty-nine

    day

    change

    PTA

    80.18%

    80.18%

    0%

    polyester

    76.32%

    76.32%

    0%

    Jiangsu and Zhejiang looms

    33%

    29%

    -4%

    Remarks: after data correction, the PTA capacity base is 49 million 290 thousand tons, and the polyester production base is 55 million tons.

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