According to the Commodity Market Analysis System of Business Society, the domestic PTMEG price has slightly decreased this week. As of March 19th, the PTMEG price was 20600 yuan/ton, and on March 12th, the PTMEG price was 20933 yuan/ton, a decrease of 333 yuan/ton, a month on month decrease of 1.59%.
In terms of equipment
At present, the overall operating rate of the domestic industry is stable at around 86.2%, an increase of 9.8% year-on-year.
Upstream aspect
From the perspective of the upstream raw material market of PTMEG, the BDO market fluctuated this week, with a current price of 9428 yuan/ton. Recently, some devices have undergone maintenance and restarted, leading to an increase in industry load and an increase in market supply.
In terms of demand
The main downstream spandex price is 30625 yuan/ton, a decrease of 1.33% from last week and 1.57% from the beginning of the month. Terminal manufacturing factories generally indicate that customer inquiries are positive, but it is difficult to complete orders, with small batch orders being the main focus of new foreign trade orders. The overall wait-and-see attitude is obvious. The PU and TPU industries in the polyurethane field have seen a rise in market trends, but the purchasing willingness is not strong.
Future Market Forecast
The operating rate has increased, with significant support from the supply side. However, there is currently no positive expectation for downstream demand at the terminal, and the supply-demand contradiction continues. The overall market situation is stagnant and consolidating. It is expected that the PTMEG market will experience a narrow consolidation.
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