Market Dynamics

In the afternoon, the PTA market fluctuated, and the basis was still weak. This week, the supply quotation premium was 01 contract 20 yuan/ton, the delivery quotation premium was 20 yuan/ton at the end of September, and the bid premium was 10 yuan/ton. PX is still strong today. The offer for November shipment is 1165 vs 1130 dollars/ton, and the offer for December shipment is 1115 dollars/ton. The one-day tour of PTA external disk supplier is maintained at 820 dollars/ton.

In the afternoon, MEG futures fluctuated, and the basis discount 01 contract was 140-145 yuan/ton. This week, the supply offer was around 4275 yuan/ton, and the bid offer was around 4270 yuan/ton. In the afternoon, MEG's external price fluctuated slightly. Recently, the ship's cargo offer was around 495 dollars/ton, and the bid was up and down 490 dollars/ton. The negotiations were deadlocked.

The turnover of Jiangsu and Zhejiang polyester chips is generally average. It is said that there is a single negotiation of 7250-7350 yuan/ton of cash in half light, and some are slightly higher.

　　 Polyester market

The quotations of Jiangsu and Zhejiang polyester staple fiber manufacturers have basically remained stable, with individual high prices reduced by 50 yuan/ton, and 1.4D mainstream quotations of about 8050-8100 yuan/ton. The business base difference has been maintained at about - 140 yuan/ton to - 10 yuan/ton, which is currently about 7700-7900 yuan/ton. The actual order is negotiated. Fujian polyester staple fiber manufacturer's quotation is stable, 1.4D quotation is 8150 yuan/ton for short distance delivery, and the actual order negotiation center is about 7850-8000 yuan/ton. The price of polyester staple fiber in Shandong and Hebei is basically maintained. The 1.4D semi optical mainstream will be delivered at about 7800-7950 yuan/ton, and the actual order will be negotiated. Today, the production and sales of polyester staple fiber have slightly increased, and the mainstream of manufacturers is 30-90%.

Today, Jiangsu and Zhejiang polyester filament manufacturers are more stable, and some of them have been raised. In general, they are more wait-and-see, and production and sales are flat. It is expected that in the near future, the stability and wait-and-see will be dominated by consolidation and shocks.

　　 Downstream market

The price of pure polyester yarn is firm, and the mainstream price of T32S in Xiaoshao market is about 11900-12100 yuan/ton. The actual order is negotiated.

　　 Industry trends

On September 18, Yisheng Petrochemical's PTA USD selling price remained at 820 USD/ton.

A 900000 ton PTA plant in Southwest China was shut down last week, but has not been restarted yet.

A 1.2 million ton PTA unit in southwest China is planned to be shut down for maintenance the day after tomorrow, but the restart time is not determined yet.

A 2 million ton PTA plant in South China stopped briefly last week and has now returned to normal.

A 2.5 million ton PTA plant in East China was shut down for maintenance on September 11, and has now been restarted.