Market East this week, polyester chips continue to rise

Polyester chips (fiber grade):

    This week, East polyester chips market conditions continued to rise. To Friday, half-light polyester chips offer up 100 to the mainstream market 8600-

8700 yuan / ton (cash or acceptance) of about 100 in 8500-8600 to discuss price rise yuan / ton (in cash or commitments in March
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Against), the market waiting for the introduction of the contract settlement price, trading atmosphere in general.

    Of raw materials: raw materials PTA, MEG East spot market first up, weekly market conditions late into the correction. Continuous rise in international

crude oil futures by the influence of ethylene in Asia also rebounded sharply, and the other polyester raw material PTA futures rose, and the next

Tour with a better production and marketing of polyester products, the market is bullish factors continue to dominate. Energy market to boost ethylene glycol

large single market players reluctant sellers, buying and downstream plants in contrast to the positive market, prices rose sharply, but this time there are

industry worried

The downstream end of the heart and lower stocking factory sales market will fall again after cooling.

    Downstream demand: the downstream polyester stable  market conditions to improve, the situation has to pick up volume and price performance of companies

to maintain a good sales rate, product inventory emerged also fell, downstream procurement was more positive market sentiment is good. Polyester staple fiber

Market began to improve, first a smooth adjustment to cover short positions as the needs of downstream business there, polyester staple fiber market

turnaround, corporate sales rate increased rapidly, the stock eased the pressure, the average stock within a week, the market prices also

Rise.

    Market trends: The current raw material market in the consolidation, although crude oil prices rose sharply, but demand has not improved, making loss of

upward momentum slices. However, after the introduction of polyester raw materials prices, driven by the balance sheet, polyester filament

Prices, market participants expect the market price of polyester chips will continue to remain strong, do not rule out the possibility of upward.