Polyester industry chain: Raw materials have dropped sharply, market mentality has become cautious
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July 17, 2023, 4:31 PM I. the market trend chart of polyester industry chain
On July 17th, the market price index of ethylene glycol was 4020.10, down 18.06 from the previous working day.
On July 17th, China's PTA market price index was 5850, down 115 from the previous working day.
On July 17th, the market price index of polyester chips was 6850, down 25 from the previous working day. The market price index of polyester bottle chips was 6950, down 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.7.17 |
2023.7.14 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5850 |
5965 |
-115 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.7.17 |
2023.7.14 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4025 |
4075 |
-50 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4150 |
4150 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.7.17 |
2023.7.14 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6850 |
6875 |
-25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6850 |
6900 |
-50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.7.17 |
2023.7.14 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6950 |
6975 |
-25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6950 |
6975 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6950 |
6975 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7050 |
7075 |
-25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6950 |
6975 |
-25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6950 |
6975 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6950 |
6975 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7050 |
7075 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.7.17 |
2023.7.14 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7575 |
7575 |
0 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8175 |
8175 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
9125 |
9125 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7900 |
7900 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.7.17 |
2023.7.14 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7250 |
7350 |
-100 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7350 |
7400 |
-50 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of East China PTA has a sharp correction, with a reference of 5850 yuan / ton. This week and next week, the main port delivery 09 litres of water 20-25 near the transaction and negotiations, August delivery of 09 litres of water 15-35 near the main port transactions and negotiations. International crude oil fell, suppressing the market mentality, futures bulls significantly reduced positions, the market fell sharply. With the restoration of the maintenance equipment and the commissioning of the new device, the market supply increases, while the rumors of terminal power cuts rise again, suppressing the market mentality, suppliers continue to ship, the buying mood is cautious, the spot basis is weak, and the overall sporadic transactions. It is expected that the short-term market will be weak adjustment.
Glycol
Today, the market price of ethylene glycol fell slightly, international crude oil fell, suppressing the market mentality, and the market offered a slight pullback. The quotation in East China revolved around 4025 yuan / ton, down 50 yuan / ton compared with the previous working day. Some enterprises have maintenance plans, the recent port arrival has decreased, the supply side has boosted the market, coupled with the support of downstream rigid demand, the short-term ethylene glycol market is expected to fluctuate in a narrow range.
Polyester chip
Today, the polyester chip market is weak. Under the pressure of the decline of raw materials, the downstream negative feedback news heats up, the trading center of the slice market falls in a narrow range, the mood of filling positions in the lower reaches is general, and the market production and marketing is light. 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 narrowly weak today. Raw material PTA market fell sharply, lack of cost support, some bottle chip manufacturers offer down 50 yuan / ton, dealer offer tends to low-end; downstream cautious wait-and-see-based, market trading atmosphere in general. It is expected that the short-term lactone bottle chip market may be narrowly arranged.
Polyester filament
Today, the polyester filament market maintains a narrow finishing. The polyester raw material market falls back, the cost end support is insufficient, the polyester silk manufacturer mentality is cautious, more stably wait and see, the local preferential space expands, the market center of gravity is narrow adjustment. Downstream users have a wait-and-see mentality and light market trading. It is expected that the filament market price will maintain the finishing pattern in the short term.
Polyester staple fiber
Today's polyester staple market narrow pullback. The decline in the international crude oil and raw material PTA market is a drag, and the price of staple fiber is weak. Downstream buying slowed down, and the production and sales of enterprises were 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 17 PTA main force 2309 contract opening price: 5956, lowest price: 5784, highest price: 5966, closing price: 5804, settlement price: 5864, down 140,140, position: 1726578.
Ethylene glycol: July 17 EG main contract 2309 opening price: 4186, lowest price: 4082, highest price: 4186, closing price: 4092, settlement price: 4112, down 48, position: 424225.
V. production and marketing data of polyester market
|
Product |
2023.7.17 |
2023.7.14 |
Rise and fall |
Unit |
|
Polyester chip |
25% |
70% |
-45% |
% |
|
Polyester filament |
40% |
60% |
-20% |
% |
|
Polyester staple fiber |
30% |
80% |
-50% |
% |
VI. Future forecast
The international crude oil trend weakens, suppresses the market mentality, the polyester raw material PTA and the ethylene glycol market confidence is insufficient, the short-term market will maintain the weak adjustment, the cost end forms the impetus to the market. The polyester market is mainly cautious wait and see, the market offer is loose, the downstream negative feedback news is heating up, and 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.