Polyester industry chain: The cost side drives the market to rise across the board
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July 10, 2023, 4:50 PM I. the market trend chart of polyester industry chain
On July 10th, the market price index of ethylene glycol was 3971.34, up 20.8% from the previous working day.
China's PTA market price index was 5830 on July 10, up 100 from the previous working day.
On July 10, the market price index of polyester chips was 6825, up 150 from the previous working day. The market price index of polyester bottle chips was 6950, up 75% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.7.10 |
2023.7.7 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5830 |
5730 |
+100 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.7.10 |
2023.7.7 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
3965 |
3935 |
+30 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4100 |
4100 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.7.10 |
2023.7.7 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6825 |
6675 |
+150 |
Factory includes tax, yuan / ton |
|
Light slicing |
6825 |
6700 |
+125 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.7.10 |
2023.7.7 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6950 |
6875 |
+75 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6950 |
6875 |
+75 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6950 |
6875 |
+75 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7050 |
6975 |
+75 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6950 |
6875 |
+75 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6950 |
6875 |
+75 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6950 |
6875 |
+75 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7050 |
6975 |
+75 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.7.10 |
2023.7.7 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7375 |
7300 |
+75 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8025 |
7925 |
+100 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
8875 |
8825 |
+50 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7800 |
7650 |
+150 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.7.10 |
2023.7.7 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7250 |
7200 |
+50 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7300 |
7250 |
+50 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China continues to rise, with reference to 5830 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 50-55 transactions and negotiations. With the help of cost and capital, the futures market continues to rise, the spot basis is generally stable, the market trading atmosphere is general, and the downstream rigid demand replenishment is stable. The short-term market is expected to maintain a high adjustment.
Glycol
Today, the market price of ethylene glycol maintained a strong trend, boosted by the rise of crude oil, and the market rose slightly. The quotation in East China revolved around 3965 yuan / ton, up 30 yuan / ton from the previous working day. The quotation in South China is around 4100 yuan / ton. Recently, more port arrivals, the main port is expected to continue to accumulate, while polyester load remains high, rigid demand is stable, it is expected that the short-term ethylene glycol market will fluctuate in a narrow range.
Polyester chip
Today, the polyester chip market is strong. Polyester raw materials continue to rise, chip factory offer up, the market center of gravity continues to rise, downstream rising sentiment is depressed, market production and sales fell sharply. It is expected that the market price of polyester chips will be adjusted narrowly in the short term.
Polyester bottle chip
The market for polyester bottle chips is strong today. Raw material PTA market continues to pull and promote, mainstream bottle chip manufacturers offer up 50-100 yuan / ton, dealers continue to increase; 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, the market of polyester filament is slightly higher. Driven by rising costs, polyester factories have raised quotations or reduced concessions from the weekend to now, ranging from 50 to 200 yuan / ton. The market inquiry is light, and the production and marketing rate has dropped sharply. It is expected that the filament market price may continue the finishing pattern in the short term.
Polyester staple fiber
Today, the market for polyester staple fiber is narrow and strong. The cost support is strong, the staple fiber price continues to rise, but the downstream chase rises cautiously, the market spot price increase is less than the market face. The market is cautious, and the production and sales of most enterprises are 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:7 10 PTA main 2309 contract opening price: 5748, lowest price: 5726, highest price: 5812, closing price: 5758, settlement price: 5774, up 78, position: 1820092.
Ethylene glycol: EG main contract 2309 opening price: 4028, lowest price: 4025, highest price: 4055, closing price: 4039, settlement price: 4041, up 21, position: 465161.
V. production and marketing data of polyester market
|
Product |
2023.7.10 |
2023.7.7 |
Rise and fall |
Unit |
|
Polyester chip |
40% |
120% |
-80% |
% |
|
Polyester filament |
40% |
180% |
-140% |
% |
|
Polyester staple fiber |
60% |
160% |
-100% |
% |
VI. Future forecast
International oil prices remain strong, polyester raw materials PTA and ethylene glycol market cost end drive, coupled with downstream polyester rigid demand support, the short-term market will be high consolidation, the cost end to the market support. Polyester market passively with the rise of raw materials, the market is cautious wait-and-see, downstream buying cautious, market production and sales decline. 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.