Warm And Cold Polyester Chips Turn Weak And Vulnerable

March has come to an end. Polyester production and marketing are still warm and high.

The shock trend of raw materials always affects the times of the polyester market, and there is still a week to go from the end of the month. Polyester chips have been roughly positioned this month. For the spring April, polyester chips are showing warm expectations.

Fig. 1 price trend of semifinished PET chips in East China

Source: lung Chung

Polyester chip market was mixed in March.

In March, the polyester market started to recover faster, and the polyester load increased to 88.59%.

At the beginning of the month, the downstream market has not yet fully recovered, the market continues the downturn in February, and the downstream markets are stocked and stocked to digest early inventory.

The market is showing weakness.

But in mid March, polyester chip manufacturers began to restart again, PTA and ethylene glycol raw materials to promote, as well as the impact of tax reduction policy, the market increased buying atmosphere, polyester chip market continues to rise.

In March, Hengli PTA plant maintenance plan reported that further favorable pet market, the venue trading atmosphere is more active.

Many businessmen have optimistic expectations for the future market.

Up to now, Jiangsu and Zhejiang region half light section discussion mainstream around 7800 yuan / ton, glossy slice consultation reference 7850 yuan / ton.

Fig. 2 production and inventory of semifinished PET chips in East China

Source: lung Chung

At the beginning of March, the spot price of PTA and ethylene glycol rose sharply.

Some enterprises gradually replenishment, polyester chip production and marketing has improved, and enterprise inventories have declined significantly.

However, with the narrow fall of raw materials and the impact of tax reduction policy, PET chip production and marketing has been lingering low, followed by the constant force PTA maintenance plan, the PET chip production and marketing instantly pulled, the overall impact is not big, but the polyester market took the opportunity to pull up, the preferential treatment was abolished, and the trading atmosphere of the market moved up obviously.

At present, PTA is more abundant in processing fees, and the market is intertwined.

On the whole, the polyester chip market in March showed mixed performance.

But the profit of polyester chips is considerable.

3, April, always pay attention to the implementation of the PTA overhaul plan, and the support strength of raw materials remains. And from the downstream demand side, there is not a large number of procurement climax in the downstream market in the past few weeks, just need to get the goods.

The price of PET chips has dropped to a relative low of 7800 yuan / ton, and the downstream purchasing cycle is also approaching.

Theoretically, there must be certain purchasing intentions.

At present, the main points are focused on the downstream purchasing mentality.