Ethylene continues to be weak, fiber-grade PET market is stable and strong

This week the polyester industry chain rose and fell, the overall upward trend. Ethylene continued to weaken this week, remaining at the top of the decline as downstream and terminal demand remained weak. Other products were boosted by the continued rise in international crude oil, which
china
. The PX rose to the top, up 4.77 per cent from last week, while the PTA also gained 3.01 per cent. Due to the approaching Spring Festival, terminal procurement is limited, downstream factories are not enough power to rise, so this week's polyester products rose limited.
In terms of PX products, the Asian PX market turned weak this week, ushering in a retaliatory rebound, as of Thursday the Asian PX market was up $114/tonne from the previous weekend's estimate of $1023/tonne FOB South Korea and $1043/tonne CFR Taiwan/China, This week the international crude oil continued to rise, the environment rebounded, the upstream and downstream market rebounded overall, due to the high PTA start, PX procurement enthusiasm is good, PX offer continues to improve, in addition to Fujian United PX device due to upstream device problems unexpectedly stopped this week, domestic supply has not recovered, the confidence of traders increased, a strong situation to implement this week.
from the polyester raw materials market, the domestic PTA market rebounded sharply this week, the overall trading situation is slightly light. During the week, the crude oil market rose sharply, driving the PX price surge, the cost of the PTA market support is strong, prompting the PTA period spot market collective rebound, but downstream polyester plant starts to decline, weaving plant inventory is high, signs of stock is weak, the overall demand is still weak, to a certain extent to suppress the PTA market growth, as of At present, the current delivery of goods before next week 1905 plus 270-300 yuan / ton, late January delivery of 1905 plus 250-280 yuan / ton, talks around 6270-6320 yuan / ton self-mentioned.
from polyester product analysis, this week, fiber-grade PET market is stable and strong, the atmosphere of in-market exchanges in general. Early in the week, driven by the rise in international crude oil, raw materialS PTA continued to run strong, cost pressure, fiber-grade PET factory moderate push up 50-100 yuan / ton factory prices, but after all, the downstream plant start-up rate is low, demand follow-up is insufficient, the market push up resistance is greater. Subsequently, although the raw material PTA is still strong, cost support is good, but the market exchange atmosphere is flat, the market multi-dimensional stable operation, and bottles, this week, the domestic bottle-grade PET market began to bottom rebound. Since Last Friday, with the continued rise in international crude oil prices, pushing the polyester raw materialS PTA market continues to rise, the cost of good incentives, bottle manufacturers began to gradually increase the offer, intermediate dealers and downstream appropriate replenishment, the market exchange atmosphere has improved, the market transaction center of gravity gradually higher. However, at the end of the downstream demand gradually weakened expectations, and the industry's confidence in the after-market is insufficient, the week downstream large single follow-up is not much, many small single just need replenishment-oriented. As of Thursday, the mainstream negotiating price in the East China market was 7950-8150 yuan per ton, up 300 yuan per ton from the same period last week.
from the weaving products analysis, this week the domestic polyester short fiber market rebounded slightly. Due to the continuous rise of international crude oil, raw material PTA strong operation, strong cost support, polyester short fiber market negotiation center of gravity slightly rebounded. Recently production and marketing is still available, basically in the vicinity of doing flat. However, some downstream factories began to holiday, the follow-up demand is limited, coupled with the future trend is not clear, so the price increase is limited. As of Thursday, the transaction price in Jiangsu and Zhejiang was 8650-8800 yuan/tonne, up 125 yuan/tonne from last week. This week the domestic polyester filament market center of gravity is strong, on-site exchange atmosphere is good. Boosted by the international crude oil rally, raw materialS PTA continued to run strong, cost support is good, polyester filament factory prices actively raised, the range of 100 yuan / ton near, downstream before the holiday, the appropriate amount of procurement of raw materials, polyester filament market production and sales are better, but near the weekend, downstream continue to stock mentality is cautious, polyester filament market center of gravity gradually stabilized.
next week chemical fiber industry chain market outlook:
expected next week's domestic PTA market or weak volatility. The current high crude oil prices, led to a sharp increase in PX prices, cost support is strong, but the spot supply pattern has not changed much, while downstream polyester start-up decline, weak demand, with the downstream polyester before the Spring Festival maintenance plan, the market atmosphere is empty, while next week the terminal factory began to holiday, replenishment is difficult to sustain, in the short term or maintain a weak shock. And the recent polyester PET manufacturers started to maintain a high level, although some manufacturers began to reduce production, but the market supply is still relatively abundant, some manufacturers began to accumulate inventory, and the end of the downstream demand will continue to weaken, but some downstream storage pre-replenishment demand, but has gradually come to an end, the overall market supply and demand side has signs of weakening. As a result, the polyester PET market may maintain a narrow volatility trend next week, and market support momentum weakens.