Polyester industry chain: speculation enthusiasm cools down, market growth slows down
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July 11, 2023, 4:33 PM I. the market trend chart of polyester industry chain
On July 11th, the ethylene glycol market price index was 3984.06, up 12.72 from the previous working day.
On July 11th, China's PTA market price index was 5870, up 40% from the previous working day.
On July 11, the market price index of polyester chips was 6825, unchanged from the previous working day. The market price index of polyester bottle chips was 6950, which was the same as that of the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.7.11 |
2023.7.10 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5870 |
5830 |
+40 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.7.11 |
2023.7.10 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
3995 |
3965 |
+30 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4100 |
4100 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.7.11 |
2023.7.10 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.7.11 |
2023.7.10 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6950 |
6950 |
0 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6950 |
6950 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6950 |
6950 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7050 |
7050 |
0 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6950 |
6950 |
0 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6950 |
6950 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6950 |
6950 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7050 |
7050 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.7.11 |
2023.7.10 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7425 |
7375 |
+50 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8075 |
8025 |
+50 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
8975 |
8925 |
+50 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7800 |
7800 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.7.11 |
2023.7.10 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7250 |
7250 |
0 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7320 |
7300 |
+20 |
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 a reference of 5870 yuan / ton. This week and next week, the main port delivery 09 litres of water near 55-60 transactions and negotiations, July delivery of 09 litres of water 65-70 near the main port transactions and negotiations. When the supplier sells the order, the spot base margin decreases slightly. Downstream buying sentiment is general, the market rigid demand replenishment. The short-term market is expected to maintain a high adjustment.
Glycol
Today, ethylene glycol market prices maintain a strong pattern, the commodity market is strong to drive bullish sentiment, the market slightly pull up, East China quotation around 3995 yuan / ton, up 30 yuan / ton compared with the previous working day. The quotation in South China is around 4100 yuan / ton. Although the port inventory remains high, China's supply shrinks, the polyester end maintains a high load, and the demand side is rigid and stable. It is expected that the short-term ethylene glycol market will fluctuate in a narrow range.
Polyester chip
Today, the polyester chip market maintains finishing. The raw material PTA market is strong, the cost end is supported, and the offer of the slice market remains stable. Downstream rigid demand for stock, market production and marketing 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 for polyester bottle chips fluctuates within a narrow range. Raw material PTA market trend is strong, cost support, the mainstream bottle chip manufacturers offer stability, dealers offer a small adjustment; downstream cautious wait-and-see-based, light market trading atmosphere. It is expected that the short-term lactone bottle chip market may be narrowly arranged.
Polyester filament
Today, the polyester filament market maintains a strong trend. Cost-end support increased, polyester manufacturers sold at low prices, local quotations were raised or concessions narrowed, ranging from 50 to 100 yuan / ton, and the center of gravity of market transactions rose slightly. Market inquiries are light, and production and marketing remain depressed. 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 is adjusted in a narrow range. Cost support, staple fiber prices remain strong, but the downstream chase high cautious, the market trading atmosphere is 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 11 PTA main 2309 contract opening price: 5752, lowest price: 5752, highest price: 5878, closing price: 5848, settlement price: 5824, up 74, position: 1855280.
Ethylene glycol: EG main contract 2309 opening price: 4030, lowest price: 4022, highest price: 4094, closing price: 4079, settlement price: 4065, up 38, position: 462445.
V. production and marketing data of polyester market
|
Product |
2023.7.11 |
2023.7.10 |
Rise and fall |
Unit |
|
Polyester chip |
90% |
40% |
+50% |
% |
|
Polyester filament |
50% |
40% |
+10% |
% |
|
Polyester staple fiber |
55% |
60% |
-5% |
% |
VI. Future forecast
Commodity market trend is strong, polyester raw materials PTA and ethylene glycol market cost end-driven, the short-term market will be high and strong, the cost end to support the market. The polyester market is mainly cautious wait-and-see, the market rise slows down, the downstream buying is cautious, the market production and marketing is light. Short-term polyester market prices are expected to maintain a narrow range of fluctuations. Pay close attention to the changes of raw material market and demand side in the later stage.