Polyester chips: Price declines

[Market Valuation List March 20]

Products East China South China Caprolactam 22300-22500------

Domestic manufacturers: Baling Petrochemical capacity of 200,000 tons/year caprolactam plant is operating normally, with a daily production of about 600 tons, the recent sales can be acceptable, the factory inventory is normal, the company's caprolactam settlement price in February implementation of 24100 yuan / ton, caprolactam in March listing price Implementation of 23,500 yuan / ton (excellent products, solid-state self-lift).

Domestic market: Caprolactam *** spot market price is light, the voluntary offer is rare, and the sporadic offer is in the range of 22500-22700 yuan per ton of product in East China, South China is ups and downs, polyester is large, semi-extinction is 10150-10300-100/- 50 10250-10400-100/-50

Polyester Staple Fiber (1.4D*38mm)11300-11350-50/-50 11300-11350-50/-50

Product East China up/down DTY 150D/48F 12500-12600-300/-400

DTY 75D/72F 14700-14900-200/-200

FDY 150D/96F 11400-11600-500/-400

FDY 50D/24F 12900-13200-600/-500

POY 150D/48F 11100-11200-350/-350

POY 75D/72F 11900-12100-400/-300

Polyester chips:

On Tuesday (March 20), the market for semi-slicing chips continued to decline slightly. The mainstream offer price was RMB 10,350/tonne, which was RMB 50/100/ton lower than the previous trading day. Semi-light chipping negotiations were at 10150-10300 RMB 10250-10350. / Tons of cash, compared with the previous trading day fell 100/50 yuan / ton. The price of chips remained weak, and the atmosphere of market transactions was light. In southern China, half-light chips were negotiated at 10250-10400 yuan/ton cash, which was 100/50 yuan less than the previous trading day.

Market trend: At present, the upstream polyester raw material market continues to be weak. The mainstream price of PTA spot in East China is around 8,500 yuan/ton, and the mainstream price of MEG is around 7,300 yuan/ton. Polyester prices continued to decline, and the factory continued to ship under the pressure of inventory. The production and sales of polyester filaments have declined somewhat. Most factories are at 6-8 percent, and the higher ones can go flat, and the lower ones are about 4-5 percent. The market price of polyester chips continued to decline, and the atmosphere of market transactions was light. The supply and demand of downstream stocks maintained a wait-and-see mood. Market transaction prices were also confusing. Market participants expect that the domestic market for semi-slicing chips will continue to be weak.