Polyester: Falling raw materials dragged down the entire market correction
108,001 
May 15, 2023, 4:18 PM 1. Market trend chart of polyester products
On May 15, the polyester chip market price index was 6800, down 75 from yesterday and 1.09% month-on-month.
On May 15, the market price index of polyester bottles and chips was 7075, down 100 from yesterday and 1.39% month-on-month.
2. Summary of market prices of polyester products
|
products |
specifications |
market |
2023.5.15 |
2023.5.12 |
rise and fall |
remarks |
|
polyester chip |
semi-optical sectioning |
East China |
6800 |
6875 |
-75 |
Ex-factory tax included, RMB/ton |
|
light slicing |
6800 |
6850 |
-50 |
Ex-factory tax included, RMB/ton |
||
|
products |
specifications |
market |
2023.5.15 |
2023.5.12 |
rise and fall |
remarks |
|
polyester bottle flakes |
Water Bottle (IV.= 0.8） |
East China |
7075 |
7175 |
-100 |
Ex-factory tax included, RMB/ton |
|
Oil bottle grade |
7075 |
7175 |
-100 |
Ex-factory tax included, RMB/ton |
||
|
hot canned grade |
7075 |
7175 |
-100 |
Ex-factory tax included, RMB/ton |
||
|
carbonic acid grade |
7175 |
7275 |
-100 |
Ex-factory tax included, RMB/ton |
||
|
Water Bottle (IV.= 0.8） |
South China |
7075 |
7175 |
-100 |
Ex-factory tax included, RMB/ton |
|
|
Oil bottle grade |
7075 |
7175 |
-100 |
Ex-factory tax included, RMB/ton |
||
|
hot canned grade |
7075 |
7175 |
-100 |
Ex-factory tax included, RMB/ton |
||
|
carbonic acid grade |
7175 |
7275 |
-100 |
Ex-factory tax included, RMB/ton |
||
|
Water Bottle (IV.= 0.8） |
North China |
7175 |
7275 |
-100 |
Ex-factory tax included, RMB/ton |
|
|
Oil bottle grade |
7175 |
7275 |
-100 |
Ex-factory tax included, RMB/ton |
||
|
hot canned grade |
7175 |
7275 |
-100 |
Ex-factory tax included, RMB/ton |
||
|
carbonic acid grade |
7275 |
7375 |
-100 |
Ex-factory tax included, RMB/ton |
||
|
products |
specifications |
market |
2023.5.15 |
2023.5.12 |
rise and fall |
remarks |
|
polyester filament |
Jiangsu and Zhejiang markets DTY 150D/48F |
East China |
8650 |
8700 |
-50 |
Ex-factory tax included, RMB/ton |
|
Jiangsu and Zhejiang markets FDY 150D/96F |
8050 |
8100 |
-50 |
Ex-factory tax included, RMB/ton |
||
|
Jiangsu and Zhejiang market POY 150D/48F |
7325 |
7450 |
-125 |
Ex-factory tax included, RMB/ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7650 |
7650 |
0 |
Ex-factory tax included, RMB/ton |
||
|
Fujian market POY75D/72F |
7900 |
8000 |
-100 |
Ex-factory tax included, RMB/ton |
||
|
products |
specifications |
market |
2023.5.15 |
2023.5.12 |
rise and fall |
remarks |
|
polyester staple yarn |
Semi-optical original white 1.56*38 |
Jiangsu |
7200 |
7275 |
-75 |
Ex-factory tax included, RMB/ton |
|
Semi-optical original white 1.56*38 |
Fujian |
7300 |
7400 |
-100 |
Ex-factory tax included, RMB/ton |
|
|
Semi-optical original white 1.56*38 |
Shandong |
7250 |
7350 |
-100 |
Ex-factory tax included, RMB/ton |
|
|
Semi-optical original white 1.56*38 |
Zhejiang |
7225 |
7300 |
-75 |
Ex-factory tax included, RMB/ton |
|
|
Semi-optical original white 1.56*38 |
Hebei |
7275 |
7350 |
-75 |
Ex-factory tax included, RMB/ton |
3. Brief introduction to the polyester product market
polyester chip
The polyester chip market fell slightly today. The PTA market for polyester raw materials continued to decline, cost support weakened, and the focus of transactions in the slice market dropped slightly. The market is mainly cautious and wait-and-see, and the transaction atmosphere is light. It is expected that the market price of polyester chips will maintain the finishing pattern in the short term.
polyester bottle flakes
Today, the market focus of the polyester bottle sheet market continues to adjust. The decline in the raw material PTA market was suppressed, and the offers of mainstream bottle and chip manufacturers were significantly lowered by 100-150 yuan/ton, and the offers of dealers fell accordingly. Due to the increase in market supply expectations in the later period, the market has a strong bearish atmosphere, and market buying has followed suit. It is expected that the polyester bottle sheet market may adjust within a narrow range in the short term.
polyester filament
Today, the polyester filament market is weak and volatile. Cost support weakened, and filament factory quotations were lowered or expanded to a range of around 50-200 yuan/ton. Downstream just needs to buy goods, and market production and sales are average. It is expected that the filament market price may maintain a consolidation trend in the short term.
polyester staple fiber
The polyester staple fiber market adjusted slightly today. Driven by the decline in raw material PTA prices, staple fiber prices continued to fall. Downstream willingness to stock up on bargain hunting has increased, and some companies have better production and sales. It is expected that the short-term polyester staple fiber market price may fluctuate within a narrow range.
4. Polyester market production and sales data
|
products |
2023.5.15 |
2023.5.12 |
rise and fall |
units |
|
polyester chip |
45% |
60% |
-15% |
% |
|
polyester filament |
40% |
40% |
0% |
% |
|
polyester staple fiber |
90% |
65% |
+25% |
% |
|
textile city |
856 |
1126 |
-270 |
ten thousand meters |
5. Polyester raw material market
|
products |
2023/5/15 |
2023/5/12 |
rise and fall |
units |
|
PTA East China spot closes |
5480 |
5615 |
-135 |
Yuan/ton |
|
PTA main contract settlement |
5216 |
5342 |
-126 |
Yuan/ton |
|
Ethylene glycol spot closes in East China |
4275 |
4252 |
+23 |
Yuan/ton |
|
Ethylene glycol main contract settlement |
4366 |
4343 |
+23 |
Yuan/ton |
6. Future outlook forecast
The PTA market for polyester raw materials continued to decline, suppressing market mentality. Downstream demand remains weak and the market trading atmosphere is weak. It is expected that the short-term polyester market price may maintain a narrow adjustment. Later, we will focus on changes in the raw material market and demand side.