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    January 22Nd Market Morning Post: Polyester Chip Quotes Slightly Raised, But Not Enough To Catch Up With High Prices.

    2019/1/23 10:33:00 18

    Polyester Chip Quotation

    Varieties

    January 21st price

    Ups and downs

    Company

    crude oil

    WTI

    -

    -

    USD / barrel

    Brent

    Sixty-two point seven four

    +0.04

    USD / barrel

    raw material

    PX

    One thousand and ninety-two point five

    +22.5

    US dollar / ton

    PTA

    Six thousand five hundred and twenty

    +195

    Yuan / ton

    MEG

    Five thousand one hundred and five

    +110

    Yuan / ton

    PET chip

    Semi optical section

    Seven thousand and seven hundred

    +50

    Yuan / ton

    Bright section

    Seven thousand seven hundred and fifty

    +50

    Yuan / ton

    Macro news

    China's macro-economic data in December were slightly warmer, with above scale industrial added value and retail sales of consumer goods exceeding expectations.

    Forecast today

    Double raw materials rose continuously to boost the confidence of polyester market. Yesterday (January 21, 2019) PET chip quotations were slightly raised, but the margin was limited.

    Near the Spring Festival, downstream parking in succession, high prices are not enough motivation to catch up.

    And polyester manufacturers inventory is weak, it is expected that today's polyester chip offer continues to be stable.

    Industry start up rate

    industry

    January 18th

    January 21st

    change

    PTA

    77.22%

    81.60%

    +4.38%

    polyester

    81.59%

    80.83%

    -0.76%

    Jiangsu and Zhejiang looms

    55%

    55%

    0%

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    January 22Nd Market Morning Post: Glycol Spot Market Follows PTA Trend Rebound

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