Polyester industry chain: lack of news guides market sideways consolidation
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July 5, 2023, 4:40 PM I. the market trend chart of polyester industry chain
On July 5th, the ethylene glycol market price index was 3940.17, up 2.12 from the previous working day.
China's PTA market price index was 5645 on July 5th, down 5% from the previous working day.
On July 5, the market price index of polyester chips was 6675, down 25% from the previous working day. The market price index of polyester bottle chips was 6850, which was the same as that of the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.7.5 |
2023.7.4 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5645 |
5650 |
-5 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.7.5 |
2023.7.4 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
3920 |
3915 |
+5 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4050 |
4050 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.7.5 |
2023.7.4 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6675 |
6700 |
-25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6700 |
6725 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.7.5 |
2023.7.4 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6850 |
6850 |
0 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6850 |
6850 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6850 |
6850 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6950 |
6950 |
0 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6850 |
6850 |
0 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6850 |
6850 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6850 |
6850 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6950 |
6950 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.7.5 |
2023.7.4 |
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 |
8825 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7650 |
7650 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.7.5 |
2023.7.4 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7150 |
7150 |
0 |
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 East China PTA is adjusted within a narrow range, and it will be discussed around 5645 yuan / ton. This week and next week, the main port delivery 09 litres of water near 50-55 transactions and negotiations, July delivery of 09 litres of water near 45-50 transactions and negotiations. The cost side has a certain support to the market. The futures market weakens slightly, the spot basis drops slightly, downstream buying maintains rigid demand, and market trading is general. 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 tends to be sorted out, the market is lack of news guidance, and the price fluctuation is limited. The quotation in East China is around 3920 yuan / ton, up 5 yuan / ton from the previous working day. The quotation in South China is around 4050 yuan / ton. There are many pre-arrival ports, and the main port is expected to accumulate, but the downstream polyester load remains high and the rigid demand is stable. 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. The cost is generally stable, the offer in the slicing market is adjusted slightly, and there is more supply at low prices in the market. Downstream rigid demand for stock-based, market production and marketing in general. 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 arranged horizontally. Raw material PTA market interval arrangement, cost support is stable, mainstream bottle chip manufacturers offer stable, dealer offer tends to low-end; downstream cautious wait-and-see-based, market trading downturn. 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-end support, polyester manufacturers sell at low prices, individual enterprise quotations are raised narrowly, but the terminal demand is flat and the market center of gravity remains stable. Downstream rigid demand replenishment, local production and sales rebounded. 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. Raw materials support the market, the staple fiber market is more wait-and-see, and the enterprise offer is stable. Trading in the market is mediocre, 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 month 5 PTA main 2309 contract opening price: 5606, lowest price: 5574, highest price: 5630, closing price: 5584, settlement price: 5600, down 20%, position: 1632141.
Ethylene glycol: EG main contract 2309 opening price: 3990, lowest price: 3981, highest price: 4011, closing price: 4004, settlement price: 3995, up 19, position: 489391.
V. production and marketing data of polyester market
|
Product |
2023.7.5 |
2023.7.4 |
Rise and fall |
Unit |
|
Polyester chip |
50% |
80% |
-30% |
% |
|
Polyester filament |
75% |
65% |
+10% |
% |
|
Polyester staple fiber |
35% |
35% |
0% |
% |
VI. Future forecast
International oil price performance is strong, polyester raw material PTA and ethylene glycol market lack of news guidance, and downstream polyester rigid demand support, the short-term market will maintain consolidation, the cost side to promote the market. Polyester market is mainly cautious wait-and-see, downstream rigid demand stock, market production and marketing in general. 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.