What Is The Trend Of Polyester Chips At The End Of The Year? Focus On Three Elements

Last week, European and American crude oil continued to drive up the cost side of polyester, which was supported by PTA high volatility. However, the maintenance of polyester gradually increased, and the PTA supply and demand fundamentals or the market formed a certain upward resistance. For polyester chip market, last week PET chips were reported upward, but the floating space was limited.

Next, at the end of the year, what are the directions for attention in the late PET chip market?

1. Crude oil and feedstock trends

After entering the 2019, the international crude oil prices were warming up every day. During this period, there was a sharp rise in prices. However, it did not bring obvious benefits to the polyester raw material market, for two reasons.

First of all, although the price of international crude oil is getting warmer, the crude oil price of PTA and ethylene glycol market is still relatively low, and the cost support is still limited.

Secondly, near the end of the year, the polyester factory overhaul plan is frequent, although the cost end has certain support, the polyester factory stock is low, the production and marketing situation is relatively reasonable, but the downstream terminal market is facing the parking phenomenon, the holiday atmosphere mentality is more and more strong.

The polyester factory is still a stable price shipment, and the price increase intention is not strong. At present, due to the good effect of the recent production and marketing, the start-up of polyester is still in a higher position of 83.05%.

2, polyester factory maintenance plan

In fact, from the end of December, many pet manufacturers reported a maintenance plan. Last week, the weekly rate of pet week was 83.05%.

During the week, the parking lot of polyester factories were: Zhejiang Donghua 60 thousand tons, Shaoxing Jiabao 400 thousand tons, Shaoxing Jin Xin 200 thousand tons, Wujiang Xinmin 140 thousand tons, Jinxing 300 thousand tons and Yi Jin 200 thousand ton plant parking, but Yisheng Hainan 250 thousand ton device restarted, the industry start up rate continued to decline.

Next week, Taicang Changle 250 thousand tons, Wujiang Eagle Xiang 400 thousand tons of equipment maintenance plan exists, the industry will continue to decline in operating rate.

Specifically,

Polyester plant year-end maintenance plan

3. Downstream slicing and terminal operation

By the end of the year, the downstream manufacturers of polyester chips have begun to expect year-end inventory and the next year. Most of them are sliced spinning enterprises which are not large in size.

The downtime of sliced spinning enterprises is concentrated in the middle and late part of the twelfth month of the twelfth month, and the remaining half month trading time. Many manufacturers are currently working on inventory and sorting out the current ending work. The price adjustment is expected to be insufficient. For the raw material polyester chip procurement mentality is still mostly rigid demand, and stocking has already been carried out one after another, but it is still necessary to moderate procurement according to the market situation before the festival.

By the end of last Friday, the loom began to start at 63%.