January 11Th Morning Market Report: Polyester Chip Price Shocks
| Varieties | January 10th price | Ups and downs | Company | |
| crude oil | WTI | Fifty-two point five nine | +0.23 | USD / barrel |
| Brent | Sixty-one point six eight | +0.24 | USD / barrel | |
| raw material | PX | One thousand and fifty-eight | +16.83 | US dollar / ton |
| PTA | Six thousand and three hundred | +20 | Yuan / ton | |
| MEG | Five thousand one hundred and thirty-five | -50 | Yuan / ton | |
| PET chip | Semi optical section | Seven thousand six hundred and fifty | +50 | Yuan / ton |
| Bright section | Seven thousand and seven hundred | +50 | Yuan / ton | |
| Macro news | European stocks rose four days, the S & P Dow rose five days, crude oil rose nine days, a five week high, the 6.87 rise in the offshore RMB market, nearly 400 points in the day, and a $3600 fall in the bitcoin market. | |||
| Forecast today | Overnight crude oil continued to rise, forming a strong support for the cost side of polyester, and rising oil prices boosted confidence in the polyester market. Polyester chips sliced up yesterday, the profit of polyester chips is relatively wide, but polyester chip manufacturers are low in stock. The stocking atmosphere of downstream stockings has not yet appeared, and the price of polyester chips is expected to be the main shock. | |||
| Industry start up rate | ||||
| industry | January 9th | January 10th | change | |
| PTA | 74.88% | 77.22% | +2.34% | |
| polyester | 83.61% | 82.14% | -1.47% | |
| Jiangsu and Zhejiang looms | 65% | 63% | -2% | |
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