January 28Th Market Morning Post: Polyester Chip Short Line Showed A Narrow Trend Of Weak Shocks.

Polyester chip (1.21-1.25): polyester chips after this week rise and finish.

Monday was boosted by the rise in crude oil, the PTA futures contract closed up during the day, raw materials rose to boost the downstream mentality of the chips, the trading atmosphere in the field was warmer, the slicing factories moved better, and the center of gravity shifted continuously, but then the raw material gains narrowed and gradually weakened, the cost surface support collapsed, and the downstream factories were more appropriately filled, and the trading atmosphere in the field dropped.

Forecast: next week, polyester maintenance will increase, terminal will enter the vacation stage as a whole, and the restart of PTA is expected. The port of ethylene glycol is also stable. Therefore, next week is expected to reduce the PTA and ethylene glycol. The slicing cost surface is not obviously good. And the last week of the festival, the slicing demand is gradually weakening, and the supply and demand side has no obvious advantage.

To sum up, there is no obvious advantage in the slicing field next week, so the slicing and slicing will show a narrow and weak trend.