The market volume of polyester chips shrank, and the market price did not stop falling. Semi-extinction large polyester chip market price in the 10100 ~ 10200 yuan (ton price, the same below), small polyester chips in 10050 ~ 10100 yuan, respectively, compared with mid-January fell 200 yuan. The main characteristics of the current market: First, the situation of supply exceeding demand in the polyester chip market has not changed, and it is still constantly looking for the bottom of the market price. Second, the sharp fall in the price of pure benzene and the weak price trend of terephthalic acid affect the trend of prices of polyester chips to a certain extent. Third, the price of polyester fiber continued to fall, triggering a crackdown by polyester chip makers and distributors.
The market volume of ethylene glycol shrank, and the market price trend was not good. The market reference price is between 8150 and 8200 yuan, which is 100 yuan less than that in the middle of January. The main characteristics of the current market: First, the ethylene glycol market price after the previous consolidation, the price showed a trend of continued decline. Second, the price of polyester chips continues to bottom, leading to a decrease in the demand for ethylene glycol, which has contributed to the decline in the price of ethylene glycol. Third, the international ethylene glycol price dropped slightly. The price on January 26 was slightly fluctuating around 845 US dollars, down by 10 US dollars compared with the middle of January.
The volume of terephthalic acid in the market shrank, and the price trend was not good. The market reference price is between 8100 and 8300 yuan, which is 100 yuan less than the middle of January. The main characteristics of the current market: First, the volume of terephthalic acid has shrunk. In the case of a slight reduction in the selling pressure, the price decline has become smaller. The second is that the price of terephthalic acid futures stopped falling and rebounded, which to some extent inhibited the sharp drop in the price of terephthalic acid in East China. Third, the price of terephthalic acid in Southeast Asia fell slightly. The price on January 26 was around US$845, which was a drop of US$35 from the middle of January.
In the acrylonitrile market, the transaction volume shrank, and the prices were slightly sorted out. The market reference price is between 15700 and 15800 yuan, which is basically the same as mid-January. The main characteristics of the current market: First, after the price of acrylonitrile has been sorted out in the earlier period, the price fluctuations have become significantly smaller and the market has become quite stable. Second, due to the impact of the partial overhaul of the acrylonitrile production plant, some manufacturers began to buy acrylonitrile gradually to make up their positions. Third, the price of acrylonitrile in Southeast Asia fluctuates slightly. The price on January 26 was around US$1,590, up by US$5 from the middle of January.
The market volume of PVA is enlarged and the price is running high. The market price of PVA 1799 is about 15600 to 15700 yuan, which is basically the same as in mid-January. The main characteristics of the current market: First, the market volume of polyvinyl alcohol continues to expand, prices continue to operate at high levels, but social inventory is not high. The second reason is that the continuous increase in the price of polyvinyl alcohol is relatively large. Under the pressure of partial reversal, there are technical requirements for consolidation. Third, PVA producers have made huge profits at current prices, but they continue to control the market's level of tolerance by balancing the rhythm of shipments. They have strong control capabilities.
The volume of polypropylene market has shrunk and prices have remained relatively calm. T300 market reference price 11800 ~ 11900 yuan, and mid-January is flat; Y2600 fiber material price is 12000 ~ 12200 yuan, compared with mid-January fell 200 yuan. The main characteristics of the current market: First, the price of polypropylene T300 fell after the previous period, the cumulative decline in the larger, the decline has become significantly smaller. The second is the large supply of polypropylene fiber material market, market pressure continues to increase, leading to continued decline in prices. Third, the price of polypropylene in Southeast Asia fell slightly. The price on January 26 was US$1315, which was a decrease of US$15 compared to the middle of January.
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