The hottest polyester enterprises have stopped pro

Polyester enterprises have stopped production one after another, and the demand for ethylene glycol on the eve of the Spring Festival is not optimistic.

polyester enterprises have stopped production one after another, and the demand for ethylene glycol on the eve of the Spring Festival is not optimistic.

January 15, 2019

recently, affected by the reduction of the operating load of coal based ethylene glycol to 54.67%, the operating load of domestic MEG integrated units has decreased to 72.57%; The production and sales rate of various downstream varieties has declined, but it is still at a high level in recent days. In mid January, downstream polyester enterprises began to stop production one after another. According to the plan, 740000 tons of production capacity was shut down yesterday, and nearly 3million tons of production capacity will be shut down in the later period. The demand for ethylene glycol before the Spring Festival is not optimistic. Ethylene prices in Asia remained stable, and the cost side support temporarily stabilized. The results of the China US trade consultation meeting have not been released yet. The market recognizes that the Sino US trade friction may last for a long time, and the previous optimism has weakened. It is expected that glycol will operate weakly in the near future

upstream crude oil may rise nearly 8% for two consecutive weeks

on January 11, the international crude oil price is expected to ensure a steady increase for the second consecutive week

previously, the financial market was boosted because China and the United States are expected to resolve trade disputes soon, and the crude oil production reduction measures of the organization of Petroleum Exporting Countries (OPEC) * began to reduce supply. Ice Brent crude oil and NYMEX crude oil rose by nearly 8.8% and more than 7% respectively in the previous week, and the increase this week is expected to be roughly the same as that of the previous week

on Friday (January 11), the international crude oil price is expected to ensure a steady increase for the second consecutive week. Previously, the financial market was boosted because China and the United States are expected to resolve trade disputes soon, and the crude oil production reduction measures of the organization of Petroleum Exporting Countries (OPEC) * began to reduce supply

as the Spring Festival approaches, the demand is not optimistic

polyester has also been increased by the raw material end recently, and the production and sales remain at a high level. However, as the Spring Festival approaches, polyester manufacturers still focus on the requirements of C. fixture structure: to go to the warehouse, the price increase intention is not strong, and with the arrival of the polyester production reduction stage, the demand decreases and the market is bad. At present, the production and sales of the downstream polyester industry have slowly rebounded. Recently, polyester factories have reduced prices and promoted, with poy150d at about 8150 yuan/ton The price of fdy150d is around 9100 yuan/ton, and the price of dty150d is around 10150 yuan/ton

the market price of polyester staple fiber in all parts of the country runs smoothly, and the downstream mentality is cautious, and most purchases are rigid replenishment. In MEG downstream polyester bottle chip and polyester chip market, negotiators are about yuan/ton and yuan/ton respectively, and the price is stable in the short term

in the short term, it shows a low volatility trend

the ethylene glycol port inventory in the main port area of East China is about 834000 tons, increasing month on month; It is estimated that in the short term, about 188000 tons of cargo will arrive at East China port, of which 102000 tons are expected to arrive at Zhangjiagang port; At present, the operating rate of domestic ethylene glycol plant is 81%, and that of coal glycol plant is 61%; The domestic ethylene glycol supply is stable, the port inventory has rebounded, the maintenance of downstream polyester factories is gradually carried out, and the supply and demand is still weak. Can you briefly introduce the demand? 1. The construction of China's standard system for non-metallic materials is expected to weaken, which is expected to suppress the market, and the spot price of ethylene glycol presents a narrow consolidation

technically, the eg1906 contract fell slightly, and the futures price was sorted out around the front line of 50100 yuan/ton. Under the regional pressure of 5200 yuan/ton above, the short-term showed a low-level fluctuation trend

in the medium term, the cold winter or the waves are still

in the first quarter of 2019, driven by the possible rise in oil prices and the easing of the trade war, the price of ethylene glycol is expected to be supported and even boosted. However, due to the limited rise in oil prices, the conduction effect is not very smooth at this stage, so the possible room for the price of ethylene glycol to increase is also small, which can only bring short-term long-term opportunities. In the second half of the year, the downward pressure on oil prices is great, and domestic ethylene glycol projects are put into centralized production, and the supply side may increase significantly

and with the launch of domestic PX capacity, the prices of varieties in the whole industrial chain, including ethylene glycol, may be suppressed. Even if the trade war easing laboratory is really the rebound in demand caused by rocks, it is difficult to hedge the decline in ethylene glycol prices, which is expected to show a volatile downward market