Polyester industry chain: Supply tightening supports narrow market adjustment
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July 4, 2023, 4:35 PM I. the market trend chart of polyester industry chain
On July 4th, the market price index of ethylene glycol was 3938.05, up 19.07 from the previous working day.
On July 4th, China's PTA market price index was 5650, down 15% from the previous working day.
On July 4th, the market price index of polyester chips was 6700, up 25% from the previous working day. The market price index of polyester bottle chips was 6850, down 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.7.4 |
2023.7.3 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5650 |
5665 |
-15 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.7.4 |
2023.7.3 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
3915 |
3870 |
+45 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4050 |
4050 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.7.4 |
2023.7.3 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6700 |
6675 |
+25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6725 |
6700 |
+25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.7.4 |
2023.7.3 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6850 |
6875 |
-25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6850 |
6875 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6850 |
6875 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6950 |
6975 |
-25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6850 |
6875 |
-25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6850 |
6875 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6850 |
6875 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6950 |
6975 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.7.4 |
2023.7.3 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7300 |
7300 |
0 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
7925 |
7925 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
8825 |
8800 |
+25 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7650 |
7650 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.7.4 |
2023.7.3 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7150 |
7175 |
-25 |
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, the spot market of East China PTA is adjusted within a narrow range, and it will be discussed around 5650 yuan / ton. This week and next week, the main port delivery 09 litres of water near 50-57 transactions and negotiations, July delivery of 09 litres of water near 45-50 transactions and negotiations. The international crude oil market falls, the futures market weakens, the basis continues to fall, the buying sentiment is general, the market trading rigid demand. There is a tight balance between supply and demand in the market, and the short-term market is expected to adjust narrowly.
Glycol
Today, the market price of ethylene glycol is strong, the market can buy gas, and the center of gravity is moved up. The quotation in East China is around 3915 yuan / ton, up 45 yuan / ton from the previous working day. The quotation in South China is around 4050 yuan / ton. There are too many pre-arrival ports, and the main port is expected to be burdened. However, due to the increase of unexpected maintenance equipment in China, good performance on the demand side and cost-side support, it is expected that the ethylene glycol market will be sorted out in a narrow range in the short term.
Polyester chip
Today's polyester chip market is narrowly arranged. Supported by high cost, polyester chip factory offers more than 50 yuan / ton, while the market supply and demand side weakens, the market low-price supply still exists. Downstream every bargain to fill positions, the market production and marketing is better. It is expected that the market price of polyester chips will be adjusted narrowly in the short term.
Polyester bottle chip
Today, the market of polyester bottle chips is maintained and arranged. The raw material PTA market weakens, the cost support is general, the mainstream bottle chip factory offer is stable, the dealer offer tends to the low end; downstream rigid demand stock, market trading is general. It is expected that the short-term lactone bottle chip market may be narrowly arranged.
Polyester filament
Today's polyester filament market narrow finishing. Cost support, some polyester factories to raise quotations or reduce concessions, ranging from 50 to 100 yuan / ton, the actual single specific negotiations. Downstream users rigid demand replenishment, local production and sales rate increased slightly. It is expected that the filament market price may continue the finishing pattern in the short term.
Polyester staple fiber
Today, the market of polyester staple fiber remains stable. The raw material market weakens, and the supply and demand of staple fiber itself is weak, and the market price of staple fiber falls in a narrow range. The market turnover is light, and the production and marketing of enterprises are mediocre. 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:7 4 PTA main 2309 contract opening price: 5630, lowest price: 5566, highest price: 5648, closing price: 5590, settlement price: 5604, down 18, position: 1617662.
Ethylene glycol: EG main contract 2309 opening price: 3968, lowest price: 3954, highest price: 4016, closing price: 3994, settlement price: 3985, up 40, position: 493746.
V. production and marketing data of polyester market
|
Product |
2023.7.4 |
2023.7.3 |
Rise and fall |
Unit |
|
Polyester chip |
80% |
50% |
+30% |
% |
|
Polyester filament |
65% |
40% |
+25% |
% |
|
Polyester staple fiber |
35% |
40% |
-5% |
% |
VI. Future forecast
The cost end forms the support to the market, the polyester raw material PTA and ethylene glycol market supply shrinks, coupled with the downstream polyester rigid demand support, the market supply and demand tightens, the short-term market will maintain finishing, and the cost end will promote the market. Polyester market is mainly cautious wait-and-see, downstream bargain procurement, market production and sales rebounded. It is expected that the short-term polyester market price may fluctuate narrowly with the cost. Pay close attention to the changes of raw material market and demand side in the later stage.