Polyester industry chain: Rising raw materials boost market production and sales rebound
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July 7, 2023, 4:42 PM I. the market trend chart of polyester industry chain
On July 7th, the market price index of ethylene glycol was 3950.54, up 20.96 from the previous working day.
On July 7th, China's PTA market price index was 5730, up 80% from the previous working day.
On July 7th, the market price index of polyester chips was 6675, which was stable compared with the previous working day. The market price index of polyester bottle chips was 6875, up 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.7.7 |
2023.7.6 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5730 |
5650 |
+80 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.7.7 |
2023.7.6 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
3935 |
3895 |
+40 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4100 |
4050 |
+50 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.7.7 |
2023.7.6 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6675 |
6675 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
6700 |
6700 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.7.7 |
2023.7.6 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6875 |
6850 |
+25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6875 |
6850 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6875 |
6850 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6975 |
6950 |
+25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6875 |
6850 |
+25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6875 |
6850 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6875 |
6850 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6975 |
6950 |
+25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.7.7 |
2023.7.6 |
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 |
2023.7.7 |
2023.7.6 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7200 |
7150 |
+50 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7250 |
7200 |
+50 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China rose, with a reference of 5730 yuan / ton. This week and next week, the main port delivery 09 litres of water near 45-50 transactions and negotiations, July delivery of 09 litres of water near 40-50 transactions and negotiations. Driven by the cost side and capital side, the futures market has risen sharply, the spot spread is generally stable, the buying mood is cautious, and the market trading is general. There is a tight balance between supply and demand in the market, and the short-term market is expected to maintain a narrow adjustment.
Glycol
Today, the ethylene glycol market price is strong, boosted by the macro positive, the market slightly pulled up, East China quotation around 3935 yuan / ton, up 40 yuan / ton compared with the previous working day. The quotation in South China is around 4100 yuan / ton. Polyester maintains high load and rigid market demand, but the terminal order situation is not good, market sentiment is pessimistic, and there are many external unstable factors. 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. Cost rise boosted, while the downstream catch-up weakness, polyester chip factory offer temporarily stable, the market supply of low-cost goods reduced, the focus of transaction changed little. Downstream every bargain to fill positions, production and sales significantly improved. It is expected that the market price of polyester chips will be adjusted narrowly in the short term.
Polyester bottle chip
Today, the market trend of polyester bottle chips is strong. Raw material PTA market pull up, cost-driven, mainstream bottle chip manufacturers offer up 50 yuan / ton, dealers offer slightly higher; downstream cautious wait-and-see-based, maintain rigid demand for stock. It is expected that the short-term lactone bottle chip market may be narrowly arranged.
Polyester filament
Today's polyester filament market narrow finishing. Increased cost support, boost market mentality, mainstream polyester enterprises wait and see, a small number of factory quotations raised, the market center of gravity to maintain finishing. The market trading atmosphere is heating up, the downstream moderate cover positions, the overall production and marketing improved. It is expected that the filament market price may continue the finishing pattern in the short term.
Polyester staple fiber
Polyester staple fiber market rose slightly today. The raw material market is strong, the staple disk price fluctuates to rise, but the downstream chase high is weak, the spot price increase is limited. Downstream procurement enthusiasm, enterprise production and marketing preference. 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 7 PTA main force 2309 contract opening price: 5604, lowest price: 5582, highest price: 5752, closing price: 5744, settlement price: 5680, up 144, position: 1834612.
Ethylene glycol: EG main contract 2309 opening price: 3988, lowest price: 3978, highest price: 4050, closing price: 4038, settlement price: 4018, up 50, position: 467729.
V. production and marketing data of polyester market
|
Product |
2023.7.7 |
2023.7.6 |
Rise and fall |
Unit |
|
Polyester chip |
120% |
50% |
+70% |
% |
|
Polyester filament |
180% |
70% |
+110% |
% |
|
Polyester staple fiber |
160% |
50% |
+110% |
% |
VI. Future forecast
International oil prices remain strong, polyester raw materials PTA and ethylene glycol market lack of sustainable positive stimulation, downstream polyester rigid demand support, the short-term market will maintain consolidation, the cost end to promote the market. Polyester market wait and see carefully, downstream bargain replenishment, 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.