Last Week, The Polyester Industry Chain All Declined, And The Overall Production And Sales Of Polyester Filament Market Were Light

Polyester industry Chain: The weekly average prices of polyester products and raw materials monitored last week all declined, with the specific decline range of PX (- 0.73%), PTA (- 2.06%), ethylene glycol (- 2.34%), PET bottle grade (- 0.81%), polyester staple (- 1.44%), polyester chip (- 1.73%) and polyester filament (- 3.09%). Polyester filament fell by 3.09% on a month on month basis. Raw material PTA was weak and volatile, and the cost driving effect was weakened. At the end of the month, the number of returning workers continued to increase, some texturing and printing and dyeing factories were closed for holidays, and the logistics and transportation gradually stopped, resulting in the overall light production and sales of polyester filament. With the weakening of demand and upward transmission, polyester factories entered the pre Festival promotion period, but the uncertainty factors of returning to work after the festival increased, and the stock volume before the year was less than that in previous years. Therefore, the production and sales of the factories with strong promotion strength were strong, and the market transaction center was obviously declined. Ethylene glycol fell 2.34% month on month. Recently, due to the end of ethylene glycol delivery, the spot market buying intention weakened and the market center of gravity shifted significantly.

PTA week review: PTA market weakness, futures weak shock, spot trading atmosphere is OK. Although Eason Ningbo 2 million tons PTA plant maintenance, but fuhaichuang PTA plant full load and Baihong 1.25 million tons of new PTA plant discharge, PTA supply surplus. With the Spring Festival approaching, the downstream polyester operating load decreased, and the demand for PTA decreased. At the end of January, PTA accumulated, and the supply and demand side was not favorable. Crude oil is still fluctuating near the high level in the past year, and the cost supports PTA. The mainstream fluctuation range of PTA processing fee is 358-401 yuan / T, and the low processing fee inhibits the decline of PTA. PTA futures warehouse receipt and effective forecast converted about 1.92 million tons of PTA inventory. Due to the strong spot basis and the limited capacity of futures delivery warehouse, the number of warehouse receipts and effective forecast is in a stagflation state. Finally, PTA spot average price closed at 3712 yuan / ton, down 2.06% from the previous week. US dollar shipping prices fell, with CFR China average closing at US $527 / T, down 0.19% from the previous week's price.