Brief description

In May, the polyester industry chain market showed an upward trend afterwards. The main reason was that the price of crude oil continued to rise at the beginning of the month and boosted the industrial chain. At the same time, the overall fundamentals of the polyester industry chain were optimistic. At the beginning of the month, the overall market continued to rise. Potential. However, with the continued decline of international crude oil, the formation of market pressure, while the trend of commodity prices is weak, and the downstream polyester and terminal demand weakened, the overall poor production and sales, the market followed by a sharp decline.

In May, PX (CFR Taiwan) rose 5.09% qoq, PTA rose 4.02%, MEG fell 10.79%, polyester chips fell 0.37%, polyester bottles rose 10.70%, polyester filament rose 1.11%, polyester Staple fiber rose by 0.69%.

In May, the rise and fall of chemical fiber products and upstream raw materials and their trend analysis

In May, the monthly average price of chemical fiber products increased five times or two, with the largest increase being polyester bottle pieces, which rose 10.70%, followed by PX, which rose 5.09%, while ethylene glycol and polyester chips fell mainly, falling 10.79%. %, 0.37%.

In terms of statistics on the rise and fall of chemical fiber industry products in May, as shown in Figure 2, the chemical fiber industry chain has been operating within a certain period of a month, showing a different degree of increase compared to the same period of last year. It can be seen from the year-on-year data that the polyester bottle tablets are the same The largest increase was at 49.41%, followed by ethylene glycol and PX, with an increase of 24.43%.

Forecast and Outlook

In June, the polyester industrial chain market may maintain its weak consolidation pattern. The current industry chain itself has weaker fundamentals. At the same time, the external economy and the crude oil market have insufficient support. In the short term, the industrial chain may continue to fluctuate in a weaker pattern.