Cost strength polyester bottle chip market trend is warm
This week polyester bottle chip market trend is warm, polyester double raw materials continue to be strong, the cost support is strong, of which PTA price is 6078 yuan/ton, compared with 5645 yuan/ton last weekend up 433 yuan/ton, an increase of 7.67%, ethylene glycol price is 5280 yuan/ton, From 4990 yuan/ton at the end of last week rose 290 yuan/ton, an increase of 5.81%.
At the beginning of the week raw materials weak adjustment, polyester bottle sheet part of the supply is tight, holding the shipper shipment mentality is more cautious, polyester market operating rate change little, polyester enterprise quotation generally down, the market focus stalemate finishing. Polyester bottle sheet part of the supply of tight circulation, the market center of gravity slightly on the probe. The factory's foreign trade shipments are normal, there is no obvious inventory pressure for the time being, and the downstream supplier's mentality is supportive. In the middle of the week, crude oil skyrocketed, polyester double raw materials followed, the cost was strongly promoted, and the price of polyester bottle chips went up. The market center of gravity rose, the price of bottle chips rose less than the raw material end, the processing interval continued to compress, the downstream market wait-and-see sentiment was difficult to disperse, the low-cost resources were reduced, and the inquiry increased, the late week, the escalation of the situation in Russia and Ukraine, international oil prices continued to rise sharply, which boosted the mentality of chemical commodities. The cost is strongly promoted, the factory raises the quotation twice within most days, and the price of polyester bottle chips rises accordingly. However, the downstream recovery is slow, and the real single follow-up is insufficient. Just need sporadic low bid, drag down the rise. Traders chasing up enthusiasm is not good, cautious operation. The wait-and-see atmosphere on the floor is strong, and trading is light. As of this weekend, the price of polyester bottle chips in East China was 8350 tons, up 300 yuan/ton from 8050 at the end of last week, an increase of 3.73%.
After the market, the cost is strong, and the price of polyester bottle chips is passive upward. The downstream buying has resistance to high price sentiment, flat trading, and the terminal demand has resistance to the high price of goods. Factory foreign trade orders are delivered normally, and some supplies continue to tighten. Market trading is mainly based on just-needed replenishment. Polyester bottle chip market is expected to fall slightly in the short term. Consider some spot circulation tension, the decline or limited.
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