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January 21St Morning Market Report: Weekend Crude Oil Rose PET Chip Price Rose 50-100 Yuan / Ton

2019/1/21 11:27:00 34

Polyester Chip Quotation

Varieties

January 18th price

Ups and downs

Company

crude oil

WTI

Fifty-three point eight zero

+1.73

USD / barrel

Brent

Sixty-two point seven zero

+1.52

USD / barrel

raw material

PX

One thousand and seventy

+11

US dollar / ton

PTA

Six thousand three hundred and twenty-five

+20

Yuan / ton

MEG

Four thousand nine hundred and ninety-five

-85

Yuan / ton

PET chip

Semi optical section

Seven thousand six hundred and fifty

Zero

Yuan / ton

Bright section

Seven thousand and seven hundred

Zero

Yuan / ton

Macro news

China Taxation Administration: exemption from VAT for some small scale taxpayers, and resource tax reduction within the 50% tax range.

Forecast today

Weekend crude oil rose to enhance polyester cost surface, polyester products prices were rising, polyester chip quotes rose slightly at 50-100 yuan / ton, near the end of the year, the downstream market has been stocked up gradually, and this week downstream slicing spinning factory parking phenomenon increased further, it is expected that today polyester chip offer or narrow fluctuation.

Industry start up rate

industry

January 17th

January 18th

change

PTA

77.22%

77.22%

0%

polyester

81.63%

81.59%

-0.04%

Jiangsu and Zhejiang looms

63%

55%

-8%

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