Polyester industry chain: Just need to support the market fluctuates within a narrow range
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June 16, 2023, 4:42 PM I. the market trend chart of polyester industry chain
On June 16th, the market price index of ethylene glycol was 3976.81, up 25.2 from the previous working day.
On June 16th, China's PTA market price index was 5705, down 5% from the previous working day.
On June 16th, the market price index of polyester chips was 6725, which was the same as that of the previous working day. The market price index of polyester bottle chips was 6900, down 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.6.16 |
2023.6.15 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5705 |
5710 |
-5 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.6.16 |
2023.6.15 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
3955 |
3905 |
+50 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4100 |
4050 |
+50 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.6.16 |
2023.6.15 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6725 |
6725 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
6700 |
6700 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.6.16 |
2023.6.15 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6900 |
6925 |
-25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6900 |
6925 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6900 |
6925 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7000 |
7025 |
-25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6900 |
6925 |
-25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6900 |
6925 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6900 |
6925 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7000 |
7025 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.6.16 |
2023.6.15 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7400 |
7350 |
+50 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8025 |
8025 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
8850 |
8800 |
+50 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7750 |
7750 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.6.16 |
2023.6.15 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7200 |
7200 |
0 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7200 |
7225 |
-25 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, East China PTA spot market shock operation, negotiation reference 5705 yuan / ton near. This week and next week, the main port delivery 09 litres of water 105-110 near the deal and negotiations, the next June delivery of 09 litres of water 105-108 near the transaction and negotiations. The rise in international crude oil prices has supported the market, the spot spread in the market is generally sound, the buying mood is cautious, and the market trading is light. Unexpected reduction in cost and supply, rigid demand support on the demand side. The short-term market is expected to maintain range volatility.
Glycol
Today, the price of ethylene glycol market rebounded, international crude oil closed up, the macro atmosphere warmed up the overall trend of the commodity market, East China quotation around 3955 yuan / ton, up 50 yuan / ton compared with the previous working day. The quotation in South China is around 4100 yuan / ton, and the negotiation range is narrowed. Port inventory removal, polyester end to maintain a high load, rigid demand is stable, the overall supply and demand to maintain a tight balance, it is expected that the short-term market will be a narrow range of consolidation.
Polyester chip
Today, the polyester chip market maintains finishing. Under the support of high cost, the center of gravity of the slicing market remains stable. The market is pessimistic about the future demand, the downstream demand is relatively weak, and the market production and marketing continues to be in the doldrums. It is expected that the market price of polyester chips will be adjusted narrowly in the short term.
Polyester bottle chip
Today, the market for polyester bottle chips is adjusted narrowly. Polyester raw materials PTA market finishing, cost support, the mainstream bottle chip manufacturers offer stable, dealer offers tend to low-end; downstream cautious wait-and-see-based, light market trading. It is expected that the short-term lactone bottle chip market may maintain finishing.
Polyester filament
Today's polyester filament market fluctuates in a narrow range. The cost fluctuation is not big, the polyester manufacturer mentality is cautious, the partial negotiation preferential treatment narrows, the market is big and stable small movement. Most of the downstream positions have been appropriately covered, and the market trading atmosphere has dropped. Filament market prices are expected to maintain a volatile trend in the short term.
Polyester staple fiber
Today, polyester staple fiber market finishing operation. Trading in the spot market is weak, some brand bases continue to be weak, and spot prices are adjusted slightly. The pursuit of high downstream is weak, and the overall trading atmosphere is light. 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 March 16 PTA main 2309 contract opening price: 5608, lowest price: 5568, highest price: 5634, closing price: 5604, settlement price: 5604, down 8, position: 1697809.
Ethylene glycol: June 16 EG main contract 2309 opening price: 3998, lowest price: 3974, highest price: 4049, closing price: 4043, settlement price: 4014, up 78, position: 480524.
V. production and marketing data of polyester market
|
Product |
2023.6.16 |
2023.6.15 |
Rise and fall |
Unit |
|
Polyester chip |
55% |
50% |
+5% |
% |
|
Polyester filament |
30% |
40% |
-10% |
% |
|
Polyester staple fiber |
40% |
45% |
-5% |
% |
VI. Future forecast
The international crude oil market remains strong, driven by a warm macro atmosphere. Polyester raw materials PTA and ethylene glycol market supply reduction, but downstream polyester load is high, supply and demand to maintain a tight balance, the market will be narrow finishing, high cost support. The market is mainly cautious wait-and-see, terminal demand weakens. 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.