In September, polyester raw materials were basically down, and gold, nine, and silver were just legends.

The polyester raw material end, because the continuous increase of PTA in June-August has seriously exceeded the marginal profit of the polyester industry chain, so the high price of PTA raw materials has been reduced by the downstream polyester production. Currently, we look at staple fiber in early September. Filament and bottle tablets have different levels of production reduction and accumulation in various industries, which reflects the change in supply and demand in the fundamentals.

Last week's market review

PX: On September 14, Sinopec Huazhong Sales Company temporarily stabilized the price of p-xylene. The PX plant with a capacity of 225,000 tons of Luoyang Petrochemical was fully loaded. The daily output was about 600 tons. The current implementation price is 10,500 yuan/ton, which is normal.

PTA: PTA futures market volatility adjustment, spot prices are still high, the market is still mainly based on PTA repo. Polyester filament production and sales are low, only around 40%, some filament factories began to carry out preferential promotions, the upstream PX continued to maintain a high position, the PX factory will have maintenance expectations, inventory is still low,

MEG: On the dips, good buying momentum supported the rebound in trading, but the downstream demand was not good, and the mentality of chasing was cautious. The rebound in the ethylene glycol market was limited on Thursday, and the spot transaction in East China was around 7,605 yuan/ton. Although the late polyester reduction is a high probability event, it has obvious effect on the market mentality.

Market forecast this week

PTA: This week, due to the continued pressure on the polyester plant to put pressure on PTA demand, Zhuhai BP plant plans to repair or short-term profit more than market supply this week. Considering that the short-selling sentiment still exists, it is expected that the spot price of PTA will fall downward this week. The spot price may be affected by the repurchase of suppliers and the PX strength, and the PTA spot may be at 9000-9200 yuan/ton. Weak shocks.

Ethylene glycol: The volume of cargo arriving in Hong Kong this week is small, and the spot replenishment during the delivery period in September has a certain boost to the market mentality. However, the downstream production reduction of the demand side has increased, the decline in polyester start-up and the accumulation of the cumulative effect, and the demand for ethylene glycol is expected to continue to weaken. While looking at the decline in supply as a whole, the decline in demand has also followed suit. It is expected that there will be a weak rebound in the market, with a forecast price range of RMB 7,500-7,700/ton.

Yancheng Ruize Masterbatch Co., Ltd. mainly produces and operates: Non-woven masterbatch, Non-woven antibacterial masterbatch,antistatic masterbatch, polypropylene filament masterbatch, Polypropylene filament masterbatch, Non-woven masterbatch,  polypropylene spunbond non-woven masterbatch, Polypropylene fiber masterbatch, chemical masterbatch, Non-woven masterbatch, polypropylene masterbatch, Soft hydrophilic masterbatch.