Polyester industry chain: raw materials continue to rise, the market passively follows up
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July 12, 2023, 4:26 PM I. the market trend chart of polyester industry chain
The market price index of ethylene glycol was 3981.94, down 2.12 from the previous working day.
On July 12th, China's PTA market price index was 5960, up 90% from the previous working day.
On July 12, the market price index of polyester chips was 6900, up 75% from the previous working day. The market price index of polyester bottle chips was 6975, up 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.7.12 |
2023.7.11 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5960 |
5870 |
+90 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.7.12 |
2023.7.11 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
3990 |
3995 |
-5 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4100 |
4100 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.7.12 |
2023.7.11 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6900 |
6825 |
+75 |
Factory includes tax, yuan / ton |
|
Light slicing |
6900 |
6825 |
+75 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.7.12 |
2023.7.11 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6975 |
6950 |
+25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6975 |
6950 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6975 |
6950 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7075 |
7050 |
+25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6975 |
6950 |
+25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6975 |
6950 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6975 |
6950 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7075 |
7050 |
+25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.7.12 |
2023.7.11 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7475 |
7425 |
+50 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8125 |
8075 |
+50 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
9025 |
8975 |
+50 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7900 |
7800 |
+100 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.7.12 |
2023.7.11 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7300 |
7250 |
+50 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7375 |
7320 |
+55 |
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 5960 yuan / ton. This week and next week, the main port delivery 09 litres of water 60-70 near the transaction and negotiations, July delivery of 09 litres of water 55-65 near the main port transactions and negotiations. Boosted by the rise in international crude oil, coupled with the cost of promoting the formation of the market, the futures market continues to climb. The supplier continues to sell, the spot basis rises slightly, the buying mood is cautious, the market buying gas falls, the transaction rigid demand is mainly. The short-term market is expected to maintain a high adjustment.
Glycol
Today, the market price of ethylene glycol is maintained and sorted out, the market fundamentals are lack of sustained positive support, and the market offer is slightly adjusted. The quotation in East China revolves around 3990 yuan / ton, down 5 yuan / ton compared with the previous working day. The quotation in South China is around 4100 yuan / ton. Port inventories remain high, but China's supply shrinks and demand-side performance is good. 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 material PTA market continues to pull up, polyester chip manufacturers offer up, the market focus continues to move up. Lack of market confidence, lack of downstream momentum, market trading atmosphere fell back. 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 is narrow and strong. Raw material PTA market continues to rise, cost-driven, mainstream bottle chip manufacturers offer up 50 yuan / ton, dealers low-end offer reduced; 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 enhanced, polyester filament factory raised quotations or reduced concessions, ranging from 50 to 100 yuan / ton, the market trading center of gravity rose slightly. Downstream to maintain rigid demand replenishment, enterprise production and marketing in general. 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. Cost-side boost, staple fiber market passively with the rise of raw materials, but downstream but yarn mills more production reduction wait and see, buying follow-up weak, market turnover is still 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 12 PTA main 2309 contract opening price: 5854, lowest price: 5848, highest price: 5934, closing price: 5894, settlement price: 5902, up 70%, position: 1913939.
Ethylene glycol: EG main contract 2309 opening price: 4085, lowest price: 4047, highest price: 4095, closing price: 4069, settlement price: 4072, up 4, position: 455963.
V. production and marketing data of polyester market
|
Product |
2023.7.12 |
2023.7.11 |
Rise and fall |
Unit |
|
Polyester chip |
40% |
90% |
-50% |
% |
|
Polyester filament |
55% |
50% |
+5% |
% |
|
Polyester staple fiber |
40% |
55% |
-15% |
% |
VI. Future forecast
The overall optimism of the commodity market has led to a strong market center of gravity in the industrial chain. Polyester raw material PTA and ethylene glycol markets are driven by the cost end, and the short-term market will remain high, and the cost side will form a support to the market. Polyester market is mainly cautious wait-and-see, the market passively with the rise of raw materials, downstream buying caution, market production and sales decline. 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.