According to the price monitoring of the business agency, the domestic PTA spot market continued to fall slightly today (October 13). The average market price was 5367 yuan / ton, down 1.57% from the previous day, with a year-on-year increase of 59.74%. In the futures market, the main force 2201 closed at 5392, down 110, or 2%. In terms of devices, Sichuan energy invested 1 million tons of PTA device, which was discharged on October 12. In the process of increasing the load, the current operating rate of PTA industry is more than 62%, and the spot supply has increased.

In the raw material market, at present, the U.S. crude oil inventory is low and the crude oil price fluctuates at a high level, which still has a certain support for PTA. On the demand side, the overall market atmosphere was general. The downstream polyester industry started 77.34%, slightly lower than the previous trading day, and the factory’s enthusiasm for PTA spot procurement decreased. In terms of price, there is a strong wait-and-see mood in the polyester Market in Jiangsu and Zhejiang today. Most mainstream polyester factories in Jiangsu and Zhejiang have temporarily stabilized their quotation, and some have increased by 50-100 yuan / ton.

Business analysts believe that next, during the restart of some large PTA devices, the superposition of downstream demand follow-up is limited, or the action force on price is limited. However, the upstream cost support is OK, and the falling space is also limited. It is expected that the short-term PTA will remain high and volatile.

According to the monitoring data of business agency, on October 12, the price of MTBE in Shandong was 6690 yuan / ton, an increase of 2.14% over the previous working day and 84.13% year-on-year. MTBE market is supported by raw material cost, and the price continues to rise. Crude oil continued to rise, giving favorable support to the market. Coupled with the high prices of various raw materials, MTBE market continued to rise, with an increase of about 50-150 yuan / ton.

During the National Day holiday, the global energy crisis continued to ferment, the international crude oil price rose, and the chemical industry sector operated strongly as a whole, driving the polyester industry chain. At the same time, affected by the dual control of energy consumption in Jiangsu and Zhejiang, the operating load of polyester weaving further fell to less than 80%, and the supply of goods was tight, mainly consumption inventory. The prices of polyester filament products rose sharply, ranging from 7-10% higher than before the national day, and the cash flow recovered to a certain extent.

Rise and fall of average market price of polyester filament, unit: yuan / ton

product 2021-10-1 2021-10-11 Rise and fall Year on year rise and fall

Polyester DTY (150D / 48F low elasticity) nine thousand two hundred and forty-one ten thousand two hundred and forty-seven 10.88% 53.20%

Polyester POY (150D / 48F) seven thousand six hundred and sixty-one eight thousand four hundred and twenty-two 9.93% 60.85%

Polyester FDY (150D / 96F) eight thousand one hundred and eleven eight thousand six hundred and ninety-eight 7.24% 55.42%

On the raw material side, crude oil rose sharply. On October 8, the settlement price of the main contract of WTI crude oil futures in the United States was US $79.35/barrel, up US $1.05 or 1.3%, and the settlement price of Brent crude oil futures was US $82.39/barrel, up US $0.44 or 0.5%. As winter approaches, fuel demand increases, superimposed supply tightening is difficult to ease, and oil prices are still strong and volatile. In PTA market, as of October 11, the average price of domestic PTA spot market was 5543 yuan / ton, up 9.35% from October 7 and 66.73% year-on-year. With the continuous maintenance of the plant, the industrial commencement dropped to around 60%, and the output at the supply end was compressed.

During the National Day holiday, some textile factories in Jiangsu and Zhejiang that were shut down due to power restriction in the early stage resumed operation one after another, and the comprehensive startup rate of Jiangsu and Zhejiang looms was raised to around 54%. Due to the continuous rise of raw materials for many consecutive days, the rise of shipping prices and labor costs are also rising. The superposition of “power limitation and shutdown” makes many textile bosses downstream miserable. Weaving factories gradually accepted the fact that the upstream price rose and raised the finished product price one after another. On October 9, the chamber of Commerce for home textiles of shading cloth around Taihu Lake (including 100 shading cloth enterprises) issued a notice of price increase:

How long will this wave of price rise last? Business analysts believe that the current high prices of natural gas and coal, strong market expectations for heating demand in winter, boost the rise of crude oil prices, and the cost side price will still be strong. Boosted by raw materials, downstream weaving enterprises are also singing loudly, so that they have to transfer costs downward. At present, under the background of dual control of energy consumption, the production restriction of the industrial chain will become a fact. It is expected that the price of polyester filament will maintain an upward trend in the short term.

On October 9, the trend of domestic potash fertilizer market was weak and stable, and the average price of 50 particles of potassium sulfate in the business community was 4133.33 yuan / ton. The market trend of upstream potassium chloride is high and stable, which can support the cost of domestic potassium sulfate. It is close to winter ploughing, but the demand for potassium sulfate is still slow. It is heard that the shipment of traders is not smooth and the market momentum is insufficient. The operating rate of processing potassium sulfate plant maintained the previous level, which was less than 60% as a whole. The domestic supply is sufficient and the market is in a stalemate. It is expected that the domestic potassium sulfate price may continue the weak consolidation operation in the near future.

According to the data monitored by the business society, the PP market rose after the festival on October 8, and the spot prices of various brands increased significantly. According to the price of business agency, the mainstream offer price of T30S (wire drawing) from domestic manufacturers and traders is about 10016.67 yuan / ton. Upstream, coal and other energy prices continued to strengthen, the supply of direct raw material propylene was compact, and the price rose. Superimposed on the current production restriction policies, more favorable conditions pushed up the spot price. After the market price rose, the downstream purchasing operation was cautious and the trading situation was general. There are many details about the merchant’s actual shipping list,