Xin Lang Cai Jing·2026-01-15 01:42Group 1: Rubber Market - Domestic natural rubber price for full latex increased to 15,850 CNY/ton, up by 150 CNY/ton from the previous day [4] - Thai mixed rubber price reached 15,150 CNY/ton, up by 100 CNY/ton from the previous day [4] - As of January 11, 2026, China's natural rubber social inventory was 1.256 million tons, an increase of 24,000 tons, or 1.9% [4][21] - The total inventory of dark rubber in China was 835,000 tons, up by 2.5% [4][21] - The market is expected to see high volatility in RU, NR, and Sicom prices in the short term due to seasonal factors and inventory dynamics [5][22] Group 2: PX Market - PX industry load in China increased by 0.3 percentage points to 90.9%, while Asia's load also increased by 0.3 percentage points to 81.2% [6][23] - The demand for PX is expected to rise as downstream PTA facilities restart, leading to a narrowing of PX inventory accumulation in January [6][23] - Despite geopolitical tensions affecting oil prices, the polyester industry remains supported, although seasonal demand weakness is anticipated [6][23] Group 3: PTA Market - PTA industry load increased by 0.1 percentage points to 78.2%, remaining at a historically low level [7][24] - New order sentiment is weak, with a decline in operating rates in the Jiangsu and Zhejiang regions [7][24] - PTA inventory is expected to face accumulation pressure in January due to seasonal demand decline and maintenance schedules [7][24][25] Group 4: EG Market - Ethylene glycol industry load increased by 0.5 percentage points to 74.2%, with significant room for further improvement [10][27] - Despite rising shipping costs and potential import reductions, domestic supply remains ample, leading to significant supply pressure [10][27] - January is expected to see inventory accumulation, with February potentially being the peak period for inventory pressure in the first half of the year [10][27] Group 5: PF Market - The direct-spun polyester short fiber load remained stable at 99.1%, supported by low inventory levels [11][28] - Demand from downstream yarn enterprises is cautious as they prepare for the holiday season, leading to a decline in purchasing [11][28] - Short-term demand weakness is expected to continue to suppress prices, although cost support remains [11][28] Group 6: PR Market - The bottle-grade PET industry load increased by 0.8 percentage points to 74.8%, but remains at historically low levels [11][28] - Demand is limited due to the traditional off-season for beverage consumption, with limited production recovery expected in January [11][28] Group 7: Soda Ash Market - Soda ash futures saw a slight decline, with stable spot prices [12][29] - Recent production increased by 57,000 tons to 754,000 tons, leading to increased supply pressure [12][29] - Downstream demand has slightly decreased, with inventory levels showing mixed trends [12][29] Group 8: Glass Market - Glass futures experienced a slight decline, with stable spot prices [13][30] - Recent production decreased, while downstream purchasing activity has improved, leading to a reduction in inventory [13][30] - Seasonal demand weakness is anticipated, with short-term price fluctuations expected [13][30] Group 9: Caustic Soda Market - Caustic soda prices have seen slight declines, with high supply levels maintained [14][31] - Downstream demand remains weak, impacting market prices [14][31] Group 10: PVC Market - PVC futures declined by 10 CNY/ton to 4,878 CNY/ton, with ongoing supply pressure [15][32] - The supply side remains in an upward trend, while demand is expected to improve only slightly [15][32] - Short-term market dynamics are expected to remain volatile, with a focus on price fluctuations [15][32]