Polyester Chips: More Than Half Of The Demand For Polyester Chips In March Will Be Able To Run Smoothly?

This week's pet chip market is mainly stable, basically after last week's market rise, this week's downstream market is mainly pre digestion stock. And the general replenishment mostly focused on last week, whether the PET chip market could continue to move forward last week, traders and downstream companies expressed their views. Can Jin San Silver Four reproduce the glory of last year?

Price trend of polyester chip in East China



Source: lung Chung

This week, PET chip market prices are mainly stable. At the beginning of March, the price of PTA and ethylene glycol rose sharply. Last week, traders and downstream markets took the opportunity to replenish their products, and polyester chip production and marketing increased from 30% to 150%. PET chips rose 100-200 yuan / ton last week, and the price rose from 7900 yuan / ton to 8050 yuan / ton, an increase of 1.90% over the same period. This week polyester sliced production and marketing smooth spanition, many downstream manufacturers restocking focused on last week, this week weak support for dual raw materials, and the downstream market this week to digest pre stocking stock, mainly short-term memory wait and see trend, while the downstream market for high price slices of psychological conflict, polyester market overall production and marketing low this week.

Market view:

Polyester chip manufacturers: the recent polyester chip market has no market, basically stable. The overall production and marketing trend is definitely not comparable with that of last week. The downstream stock is almost the same. We are mainly looking at the downstream mentality. At present, the PTA rally has not yet stopped. If the raw materials continue to rise and cost push, we will continue to keep up with the polyester chips, but the purchase of the downstream products will be postponed. Although there are still optimistic trends in the near future, the overall downstream is now at odds with high prices. Last week, downstream sliced spinning was gradually stocked up. A small number of polyester chip manufacturers sell their products at a preferential price. Next, the market or a smooth spanition.

Traders: this week, PTA and ethylene glycol market callback, polyester chip manufacturers shipped weak, polyester chip market production and sales fell rapidly to 0-30%, the average production and sales fell nearly 7 yesterday. Polyester chip market is currently at a high price, and downstream sliced spinning is not very strong in the context of a certain stock of raw materials. And the previous week is more abundant. And the general downstream is just need a small amount of replenishment, Fujian manufacturers said that the recent sliced source of goods is tight overall, especially the export market is better than the domestic market, the price is higher than half light chips, the domestic shipment intention is not good. As for the downstream polyester chip market, we need to see the concrete performance of PTA.

Downstream sliced spinning: now we are in general demand and are not particularly good, just like in previous years. The new orders for the market in March are acceptable. Basically, they are now being sold. Larger orders have been placed in the middle of April. At present, digestion is mainly inventory. Exports are slightly better. Gold, three silver four is also the peak season, and the overall trend is acceptable.

Conclusion: in the middle of March, the demand side support is relatively stable, and it is expected that the polyester chip market will be stable or better in the near future.