Polyester industry chain: Cost pressure, weak market shocks
118,035 
June 9, 2023, 4:42 PM I. the market trend chart of polyester industry chain
The market price index of ethylene glycol was 3987.12, down 16.72 from the previous working day.
China's PTA market price index was 5580 on June 9, down 30% from the previous working day.
The market price index of polyester chips was 6750, down 25% from the previous working day. The market price index of polyester bottle chips was 6850, down 50% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.6.9 |
2023.6.8 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5580 |
5610 |
-30 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.6.9 |
2023.6.8 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
3900 |
3930 |
-30 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4100 |
4150 |
-50 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.6.9 |
2023.6.8 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6750 |
6775 |
-25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6725 |
6750 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.6.9 |
2023.6.8 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6850 |
6900 |
-50 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6850 |
6900 |
-50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6850 |
6900 |
-50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6950 |
7000 |
-50 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6850 |
6900 |
-50 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6850 |
6900 |
-50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6850 |
6900 |
-50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6950 |
7000 |
-50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.6.9 |
2023.6.8 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7400 |
7450 |
-50 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8100 |
8100 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
8900 |
8900 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7800 |
7800 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.6.9 |
2023.6.8 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7200 |
7250 |
-50 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7225 |
7275 |
-50 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China is weak, and we will consult around 5580 yuan / ton. This week and next week, the main port delivery 09 litres of water 120-130 near the transaction and negotiations, the next June delivery of 09 litres of water 115-125 near the transaction and negotiations. As the maintenance equipment will be restarted one after another, the supply pressure will increase, and the demand will continue to follow up insufficient. Short-term market volatility is expected to remain narrow.
Glycol
Today, the market price of ethylene glycol is narrow and weak. Lack of cost support, East China quotation around 3900 yuan / ton, down 30 yuan / ton compared with the previous working day. The quotation in South China is around 4100 yuan / ton. The port goes to the warehouse slightly, the demand is improving as a whole, and there are many external unstable factors, and the short-term market is expected to maintain a volatile trend.
Polyester chip
Today, the center of gravity of polyester chip market is low and fluctuating. Polyester raw material PTA market is weak, lack of cost support, increasing the bearish mood of the chip market, most factory offers are temporarily stable, local factories promote shipments, transactions as a whole continue to be loose, downstream rigid demand for stock. It is expected that the market price of polyester chips will fluctuate in a narrow range in the short term.
Polyester bottle chip
Today, the market center of gravity of polyester bottle chips has declined narrowly. Polyester raw material PTA prices fell, mainstream bottle chip manufacturers offer down 50 yuan / ton, dealers offer tends to low-end; downstream cautious wait-and-see-based, buying to maintain rigid demand. It is expected that the short-term lactone bottle chip market will be low-level finishing.
Polyester filament
Today's polyester filament market fluctuates in a narrow range. Raw material market is weak, polyester factory more stable quotation, individual downward adjustment, the range is more than 50 yuan / ton. Downstream users rigid demand to buy, firm transactions are rare. It is expected that filament market prices will maintain a volatile pattern in the short term.
Polyester staple fiber
Today, the market of polyester staple fiber remains stable. The raw materials fell in a narrow range, the market mentality was weak, and the price of staple fiber fell in a narrow range. Downstream rigid demand replenishment to maintain, the overall market trading is general. It is expected that the market price of short-term polyester staple fiber will fluctuate in a narrow range.
IV. Polyester Raw material Futures Market
PTA:6 month 9 PTA main 2309 contract opening price: 5464, lowest price: 5412, highest price: 5490, closing price: 5472, settlement price: 5458, down 26, position: 1614681.
Ethylene glycol: June 9 EG main contract 2309 opening price: 4012, lowest price: 3925, highest price: 4017, closing price: 3957, settlement price: 3970, down 97, position: 440418.
V. production and marketing data of polyester market
|
Product |
2023.6.9 |
2023.6.8 |
Rise and fall |
Unit |
|
Polyester chip |
35% |
40% |
-5% |
% |
|
Polyester filament |
35% |
38% |
-3% |
% |
|
Polyester staple fiber |
60% |
40% |
+20% |
% |
VI. Future forecast
Although the market supply of polyester raw material PTA and ethylene glycol increases, but the downstream polyester load is high, under the support of rigid demand, the market will tend to be sorted out, and the cost will promote the market. The market is mainly cautious wait-and-see, terminal weaving into the off-season, demand follow-up slowdown. It is expected that short-term polyester market prices may fluctuate narrowly with costs. Pay close attention to the changes of raw material market and demand side in the later stage.