Last Friday, the price of polyester raw materials rose. Under the support of cost, some of the quotations of polyester bottle companies moved up. The mainstream focus was narrower and stronger. The downstream enquiry atmosphere was obviously warmer and the trading atmosphere improved. However, the trading volume did not increase significantly. However, at the beginning of this week, the market worried that the Fed would raise interest rates, US stocks fell, international oil prices fell, and the commodity market trend was not good. Under this influence, the price of polyester double raw materials fell, the cost of polyester bottle flakes lost support, and the market mainstream focus fell in a narrow range; In the near future, the new singles have a large resistance, and at the same time, there are big manufacturers bidding. Under the mentality of taking orders, polyester bottle companies and middlemen make appropriate profits.

As of this Thursday, the focus of polyester bottle water bottles in East China is 8200-8350 yuan / ton. The spot center of gravity fell 125 yuan/ton from the previous Thursday's closing price, a decrease of 1.49%. The average price of this week fell by 115 yuan/ton from the previous period (1207-1213), a decrease of 1.36%. Market buying is not very enthusiasm, and the trading atmosphere is flat.

Insufficient support, the upstream raw materials are weak and shock

In terms of upstream PTA, this week's PTA futures prices fluctuated weakly, spot prices fell slightly, and the price was negotiated at 6530-6560 yuan/ton. At present, the PTA social inventory is low, the spot is in a tight pattern, and the PTA market is positive in a short time. Downstream polyester production and sales were weak. Later, with the implementation of the polyester plant production reduction plan, the demand for PTA decreased and the PTA market was weak. It is expected that the PTA market will fluctuate and fall in the short term.

In terms of upstream ethylene glycol, due to the downside of crude oil, market participants lack operational confidence, and the ethylene glycol market is still dominated by short-selling. Recently, the ethylene glycol start-up load has decreased, the market supply has decreased; the downstream polyester production has been reduced significantly, and the demand for the upstream raw materials is still weak, and the profit compression space is limited. It is expected that the ethylene glycol market will dominate the range next week.

Near the end of the year, downstream consumption is gradually closing

At present, it is already in late December, and the downstream production activities in 2018 will basically end. In mid-January, the terminal factory workers will be on vacation. At the beginning of December, when the crude oil stabilized, the downstream weaving factory once had a bottom-selling raw material, and it seemed that it was fully stocked. Raw materials for downstream weaving mills can basically be used for workers' holiday. This week, PET factory sales have slowed down noticeably, and polyester plants will once again accumulate.

At present, the inventory of polyester plants is mostly at the level of 10-15 days, which is slightly higher than that of the same period of last year. However, after 2018, the polyester production capacity has increased substantially. The same inventory days, the company's capital pressure will be greater than last year. Near the end of the year, under the lack of cost support, and downstream demand is still weak. Polyester PET plants are subject to quotation or moderation under shipping pressure.

Under pressure, what is PET going?

On Friday, the spot price of PTA fell 117 yuan to 6445 yuan / ton, ethylene glycol fell 165 yuan to 5580 yuan / ton, equivalent to the polymerization cost of 7380 yuan / ton; polyester raw material prices fell sharply, the cost end lost support, polyester Bottle-and-roll companies are flexible in terms of firm trading, while downstream buying is not very enthusiasm. According to the author, PET prices are already at a low level at this stage. It is expected that the PET market will be weakly stagnant next week, and the space is not large.

Yantai Liangcai Plastic Chemical Fiber Factory specializes in production: functional masterbatch, plastic masterbatch, standard monochromatic masterbatch, complex masterbatch, functional masterbatch, complex masterbatch, non-woven tester, meltblown non-woven Cloth machine, hydrophilic masterbatch, functional masterbatch, etc.