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Views: 0 Author: Site Editor Publish Time: 2023-01-30 Origin: Site
Diethylene Glycol: Diethylene Glycol Market Morning Forecast Jan 30
| product | Brief Analysis of Polyester Industry Chain Market | price | Trend Forecast |
| PX | The Asian PX market was closed yesterday, and there is no closing price yet. | 1060-1080 | → |
| cost:From the perspective of cost, the core PCE in the United States slowed down while consumer spending fell, economic recession worries suppressed risk appetite, the European Union may postpone the decision on the price ceiling of refined products to Russia, international oil prices fell slightly compared with before the holiday, and the support for the chemical market was partial. weak. | |||
| supply and demand:Downstream PTA futures market was closed yesterday, and PTA spot prices were firm at a high level. In the short term, the restart of multiple sets of PTA devices will increase the demand for PX, but it will still take time for terminal demand to recover; PX supply is expected to increase, and the demand transmission in the market outlook remains to be seen | |||
| predict:It is expected that the PX market will fluctuate slightly today. It is necessary to pay attention to the trend of the upstream and downstream markets and the commissioning of new PX devices. | |||
| PTA | The PTA futures market was closed yesterday, and there is no actual offer reference for the time being. The market is in a state of rest, and the trading is light. | 5700-5800 | ↗ |
| cost:From the perspective of cost, the core PCE in the United States slowed down while consumer spending fell, economic recession worries suppressed risk appetite, the European Union may postpone the decision on the price ceiling of refined products to Russia, international oil prices fell slightly compared with before the holiday, and the support for the chemical market was partial. weak. The Asian price of PX, the raw material for holidays, continues to rise, which is still good for PTA. | |||
| supply and demand:From the perspective of PTA's own supply and demand, Honggang Petrochemical 2# 2.4 million tons plant and Yisheng 3.6 million tons plant restarted recently, Yisheng Ningbo 2# 2 million tons plant restarted during the Spring Festival holiday, Xinjiang Zhongtai Petrochemical 1.2 million tons plant The overhaul begins, and the overall PTA supply increases. The downstream polyester part has not yet returned to the market, and it will take time to recover terminal demand. The overall PTA supply and demand are average. | |||
| predict:It is expected that the PTA market may fluctuate at a high level after the festival. It is necessary to pay attention to the trend of international oil prices, the maintenance of PTA equipment and the improvement of downstream demand. | |||
| Ethylene glycol | Yesterday, the market lacked direction guidance and maintained a narrow range, with limited market fluctuations and a light atmosphere for negotiations. The closing price in the East China market was around 4340 yuan / ton. | 4330-4340 | ↗ |
| raw material:U.S. core PCE slowed down while consumer spending fell, recession fears suppressed risk appetite, the European Union may postpone the decision on the price cap of refined products to Russia, and the external market time on January 27, European and American oil prices returned to decline. March WTI: 79.68 down 1.33 or 1.68%; March Brent: 86.66 down 0.81 or 0.93%. | |||
| supply:The port inventory is high. With the gradual resumption of work of terminal factories, port shipments will return to normal levels, and the inventory is expected to fall. However, new devices will still be put into production in the later stage, and the supply side will still be under pressure. | |||
| need:At present, the terminal manufacturing plant has not yet fully resumed work, and the raw material inventory of the polyester plant is under great pressure. It is difficult to significantly increase the start of work under the situation of sluggish production and sales. | |||
| predict:On the whole, it is expected that the market will maintain a volatile and orderly operation in the short term, but with the recovery of the demand side in the later stage, there will be room for the market to go up, and we will continue to pay attention to the recovery of port inventory and downstream demand in the later stage. | |||
| diethylene glycol | The market maintained a narrow range yesterday, the negotiation atmosphere was not good, and the transaction was weak. The closing price in the East China market was around 5380 yuan/ton. | 5350-5380 | ↗ |
| raw material:U.S. core PCE slowed down while consumer spending fell, recession fears suppressed risk appetite, the European Union may postpone the decision on the price cap of refined products to Russia, and the external market time on January 27, European and American oil prices returned to decline. March WTI: 79.68 down 1.33 or 1.68%; March Brent: 86.66 down 0.81 or 0.93%. | |||
| supply:During the Spring Festival, the port shipments fell to a low level, but the inventory changes were limited, and the accumulation rate was average. There were domestic installations parked, and the supply side still supported the bottom of the market, and the industry was optimistic. | |||
| need:At present, downstream factories have not yet resumed work, and demand recovery is slow. When factories gradually resume normal production in the later stage, the demand-side drive will increase. | |||
| predict:On the whole, it is expected that there is room for upside in the diethylene glycol market, and we will continue to pay attention to changes in port inventory and downstream demand in the later period. | |||
| polyester filament | Most of the quotations of major polyester filament manufacturers remained stable yesterday, and some factories rose by 100% on the first day of opening. Compared with the previous day, production and sales increased by about 5%. | 7500-7800 | → |
| cost:European and American crude oil futures were closed yesterday, and the spot price of dual raw materials for polymerization was at a high level. The theoretical cost of polymerization was calculated at 6456 yuan/ton yesterday, and the theoretical polymerization cost rose by about 2 yuan/ton the day before yesterday. | |||
| supply and demand:It will take some time for the recovery of terminal demand. In the short term, some textile enterprises have not yet started work, and the overall impact is greatly affected by the arrival of workers | |||
| predict:It is expected that the market price of polyester yarn will be adjusted slightly today. It is necessary to pay attention to the changes in the upstream market and the recovery of the downstream. | |||
| Polyester staple fiber | Yesterday, the quotations of polyester staple fiber factories were basically stable, and the market price was mostly stable. The overall buying momentum was relatively general. | 7500-7700 | → |
| cost:European and American crude oil futures were closed yesterday, and the spot price of dual raw materials for polymerization was high. The theoretical cost of polymerization was calculated at 6456 yuan/ton yesterday, and the theoretical polymerization cost rose by about 2 yuan/ton the day before yesterday. | |||
| supply and demand:Polyester’s own supply is expected to return after the festival, but the short-term purchase sentiment of the terminal is not high, and the demand in the market outlook is still waiting to be seen | |||
| predict:It is expected that the polyester staple market will consolidate within a narrow range today. Need to pay attention to changes in cost and downstream demand |
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