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