Polyester industry chain: lack of guidance, market deadlock
118,791 
June 20, 2023, 4:21 PM I. the market trend chart of polyester industry chain
On June 20th, the market price index of ethylene glycol was 3961.98, down 12.71 from the previous working day.
On June 20th, China's PTA market price index was 5635, down 5% from the previous working day.
On June 20, the market price index of polyester chips was 6700, down 25% from the previous working day. The market price index of polyester bottle chips was 6825, down 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.6.20 |
2023.6.19 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5635 |
5640 |
-5 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.6.20 |
2023.6.19 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
3920 |
3950 |
-30 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4100 |
4100 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.6.20 |
2023.6.19 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6700 |
6725 |
-25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6675 |
6700 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.6.20 |
2023.6.19 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6825 |
6850 |
-25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6825 |
6850 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6825 |
6850 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6925 |
6950 |
-25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6825 |
6850 |
-25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6825 |
6850 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6825 |
6850 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6925 |
6950 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.6.20 |
2023.6.19 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7400 |
7400 |
0 |
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 |
8850 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7750 |
7750 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.6.20 |
2023.6.19 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7175 |
7150 |
+25 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7200 |
7200 |
0 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China is adjusted slightly, and it is discussed to refer to around 5635 yuan / ton. This week and next week, the main port delivery 09 litres of water 95-100 near the deal and negotiations, the next June delivery of 09 liters of water 95 near the transaction and negotiations. Some downstream low-price enquiries, trading slightly improved. Under the support of downstream rigid demand, the short-term market is expected to maintain a narrow adjustment.
Glycol
Today, the market price of ethylene glycol is weak, the market trading is deadlocked, and the negotiation range is narrowed. The quotation in East China revolves around 3920 yuan / ton, down 30 yuan / ton compared with the previous working day. The quotation in South China is around 4100 yuan / ton. Port inventory decreased, the downstream polyester end maintained a high load, rigid demand was stable, but the enthusiasm of downstream stock preparation was low before the festival. It is expected that the short-term market will be narrowly sorted out.
Polyester chip
Today's polyester chip market is in a weak position. The cost support is insufficient, the offer of the slicing factory is stable temporarily, and the transaction is slightly loose. Some of the downstream moderate replenishment positions, production and sales slightly improved. It is expected that the market price of polyester chips will maintain a narrow range in the short term.
Polyester bottle chip
Today, the polyester bottle chip market is hovering at a low level. Polyester raw materials PTA market finishing, cost support is general, 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 narrow finishing. Polyester raw materials shock operation, lack of cost support, polyester manufacturers cautious mentality, quotations continue to remain stable, individual enterprise quotations narrow downward. It is expected that the market price of filament will be deadlocked in the short term.
Polyester staple fiber
Today, polyester staple fiber market maintains finishing. Cost support is solid, low prices in some areas have risen slightly, and the overall transaction center has not changed much. The trading atmosphere in the market is light, and the production and marketing of enterprises are 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 20 PTA main 2309 contract opening price: 5516, lowest price: 5500, highest price: 5572, closing price: 5556, settlement price: 5544, up 6, position: 1580145.
Ethylene glycol: June 20 EG main contract 2309 opening price: 4007, lowest price: 3976, highest price: 4019, closing price: 4006, settlement price: 3999, down 28, position: 477067.
V. production and marketing data of polyester market
|
Product |
2023.6.20 |
2023.6.19 |
Rise and fall |
Unit |
|
Polyester chip |
60% |
40% |
+20% |
% |
|
Polyester filament |
40% |
30% |
+10% |
% |
|
Polyester staple fiber |
50% |
40% |
+10% |
% |
VI. Future forecast
There are many external unstable factors, polyester raw materials PTA and ethylene glycol market spot supply increased, while downstream polyester load is high, under the support of supply and demand, the market will be narrowly sorted out and the cost is high. The market is mainly cautious wait-and-see, the terminal appropriate amount of replenishment, market production and sales slightly increased. 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.