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January 18Th Market Morning Post: Price Stabilization Of Polyester Chips

2019/1/18 10:07:00 32

Market PricesPET Chip Prices

Varieties

January 17th price

Ups and downs

Company

crude oil

WTI

Fifty-two point zero seven

-0.24

USD / barrel

Brent

Sixty-one point one eight

-0.14

USD / barrel

raw material

PX

One thousand and fifty-nine

-11

US dollar / ton

PTA

Six thousand three hundred and five

-15

Yuan / ton

MEG

Five thousand and eighty

-95

Yuan / ton

PET chip

Semi optical section

Seven thousand six hundred and fifty

Zero

Yuan / ton

Bright section

Seven thousand and seven hundred

Zero

Yuan / ton

Macro news

U.S. stocks closed lower after opening up, the Dow index rose more than 200 points, oil prices fell more than 2%, but the closing decline narrowed sharply, the pound rose by 0.7%.

Forecast today

Crude oil shock trend, cost side support temporarily stable, polyester chip manufacturers stable shipment, some manufacturers mainly contract goods.

Expect.

Polyester chip manufacturers recently limited efforts to upgrade, and take into account the downstream stock mentality, prudent operation.

The price of polyester chips is expected to be stabilized today.

Industry start up rate

industry

January 16th

January 17th

change

PTA

77.22%

77.22%

0%

polyester

81.63%

81.63%

0%

Jiangsu and Zhejiang looms

63%

63%

0%

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