Polyester industry chain: lack of cost support for weak adjustment of polyester market
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July 18, 2023, 4:24 PM I. the market trend chart of polyester industry chain
On July 18, the market price index of ethylene glycol was 4053.18, up 33.08 from the previous working day.
On July 18th, China's PTA market price index was 5830, down 20% from the previous working day.
On July 18, the market price index of polyester chips was 6825, down 25 from the previous working day. The market price index of polyester bottle chips was 6925, down 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.7.18 |
2023.7.17 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5830 |
5850 |
-20 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.7.18 |
2023.7.17 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4055 |
4025 |
+30 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4200 |
4150 |
+50 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.7.18 |
2023.7.17 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6825 |
6850 |
-25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6825 |
6850 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.7.18 |
2023.7.17 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6925 |
6950 |
-25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6925 |
6950 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6925 |
6950 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7025 |
7050 |
-25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6925 |
6950 |
-25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6925 |
6950 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6925 |
6950 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7025 |
7050 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.7.18 |
2023.7.17 |
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 |
2023.7.18 |
2023.7.17 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7275 |
7250 |
+25 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7350 |
7350 |
0 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China is weakening in a narrow range, with a reference of 5830 yuan / ton. This week and next week, the main port delivery 09 liters of water 3-10 near the transaction and negotiations, August delivery 09 near Pingshui transactions and negotiations. International crude oil fell, upstream PX prices fell, cost-side pressure, the market center of gravity fell slightly. Suppliers continue to ship, the buying mood is cautious, the spot basis is weak, the overall sporadic transactions. It is expected that the short-term market will be weak adjustment.
Glycol
Today, the market price of ethylene glycol is narrow and strong, the market supply is reduced, and the market offer rises slightly. The quotation in East China revolves around 4055 yuan / ton, up 30 yuan / ton compared with the previous working day. The quotation in South China is around 4200 yuan / ton. Some plants in China are parking and overhauled, the supply continues to shrink, the polyester end maintains a high load, the demand side is rigid and the demand is stable, and the ethylene glycol market is expected to fluctuate in a narrow range in the short term.
Polyester chip
Today's polyester chip market is in a weak position. Raw materials continue to fall to crack down, the center of gravity of the market tends to be low-end, factory discount space is slightly loose. Downstream replenishment mood is not good, the market transaction atmosphere is general. 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 remains weak. Raw material PTA market continues to weaken, 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 horizontal finishing. Polyester raw material market fell, the cost end support is insufficient, polyester factory quotation is stable, individual adjustment, the market wait-and-see mentality is obvious. Downstream procurement to maintain rigid demand, market trading is scarce. It is expected that the filament market price will maintain the finishing pattern in the short term.
Polyester staple fiber
Today, the market of polyester staple fiber is adjusted in a narrow range. Raw material PTA market remains weak, cost bottom support still exists, some low prices slightly reduced. Market transactions are only rigid demand, enterprise production and marketing is still weak. 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 18 PTA main 2309 contract opening price: 5804, lowest price: 5792, highest price: 5852, closing price: 5824, settlement price: 5828, down 40, position: 1713620.
Ethylene glycol: EG main contract 2309 opening price: 4098, lowest price: 4093, highest price: 4138, closing price: 4128, settlement price: 4115, up 16, position: 419696.
V. production and marketing data of polyester market
|
Product |
2023.7.18 |
2023.7.17 |
Rise and fall |
Unit |
|
Polyester chip |
25% |
25% |
0% |
% |
|
Polyester filament |
30% |
40% |
-10% |
% |
|
Polyester staple fiber |
25% |
30% |
-5% |
% |
VI. Future forecast
The international crude oil trend is weakening, the cost end pressure, polyester raw material PTA and ethylene glycol market confidence is insufficient, the short-term market will maintain a weak adjustment, the cost side to support the market. Polyester market is mainly cautious wait-and-see, market offer with the small adjustment of the raw material market, downstream demand weakening, market production and marketing downturn. 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.