Polyester industry chain: Weak supply and demand end polyester market weak adjustment
121,169 
August 4, 2023, 4:14 PM I. the market trend chart of polyester industry chain
On August 4th, the market price index of ethylene glycol was 4022.64, up 6.36 from the previous working day.
China's PTA market price index was 5845 on Aug. 4, down 25% from the previous working day.
On August 4th, 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 7075, down 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.8.4 |
2023.8.3 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5845 |
5870 |
-25 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.8.4 |
2023.8.3 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
3985 |
3970 |
+15 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4150 |
4150 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.8.4 |
2023.8.3 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6825 |
6850 |
-25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6875 |
6900 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.8.4 |
2023.8.3 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7075 |
7100 |
-25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7075 |
7100 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7075 |
7100 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7175 |
7200 |
-25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7075 |
7100 |
-25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7075 |
7100 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7075 |
7100 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7175 |
7200 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.8.4 |
2023.8.3 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7675 |
7675 |
0 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8250 |
8250 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
9200 |
9200 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
8050 |
8050 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.8.4 |
2023.8.3 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7300 |
7300 |
0 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7325 |
7325 |
0 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, East China PTA spot market volatility is weak, negotiation reference 5845 yuan / ton near. In August, the main port delivery 09 litres of water 10-15 near the transaction and negotiations. Upstream PX prices continued to fall, cost support weakened. PTA futures continued to reduce positions fell, the spot basis is generally stable, the market supply is adequate, buying sporadic rigid demand, market trading is light. The short-term market is expected to maintain a narrow range of volatility.
Glycol
Today, the market price of ethylene glycol is adjusted slightly. The international crude oil market rose, the cost supported the market, and the spot market fluctuated slightly. The quotation in East China was around 3985 yuan / ton, up 15 yuan / ton from the previous working day. The quotation in South China is around 4150 yuan / ton. International oil prices are strong and cost-side support is strengthened. Port pre-arrival port increases, inventory is expected to continue to accumulate, the market is lack of continuous drive, it is expected that the short-term ethylene glycol market will fluctuate in a narrow range.
Polyester chip
Today, the polyester chip market is weak. The raw material market continues to be weak, lack of cost support, and the slicing market runs weakly in a narrow range. The market transaction atmosphere is low, and the production and marketing of the factory is deserted. It is expected that the market price of polyester chips will maintain a narrow range in the short term.
Polyester bottle chip
Today, the market for polyester bottle chips is weak and volatile. Raw material PTA futures continued to fall, lack of cost support, mainstream bottle chip manufacturers offer temporarily stable, dealers offer low-end; downstream demand is light, the market is mainly cautious wait-and-see. It is expected that the short-term lactone bottle market will be narrowly arranged.
Polyester filament
Today's polyester filament market is arranged horizontally. With the rebound of international crude oil, polyester filament manufacturers are cautious, more stable markets wait and see, local negotiations are loose, and the market continues a stalemate. Downstream buying to maintain rigid demand, individual users bargain purchase, the overall trading atmosphere is still deserted. It is expected that the market price of filament will be arranged in a narrow range in the short term.
Polyester staple fiber
Today, polyester staple fiber market maintains finishing. The rise of international crude oil has boosted the market mentality, the processing fee of staple fiber itself is on the low side, the willingness of enterprises to ship goods at low prices is not strong, and the focus of market negotiations has been adjusted slightly. Downstream rigid demand for stock, the overall market trading is still deserted. It is expected that the short-term market price of polyester staple fiber will maintain the finishing trend.
IV. Polyester Raw material Futures Market
PTA: August 4 PTA main 2309 contract opening price: 5838, lowest price: 5800, highest price: 5874, closing price: 5832, settlement price: 5836, down 42, position: 980330.
Ethylene glycol: August 4th EG main contract 2309 opening price: 4028, lowest price: 4010, highest price: 4050, closing price: 4026, settlement price: 4028, down 24, position: 355462.
V. production and marketing data of polyester market
|
Product |
2023.8.4 |
2023.8.3 |
Rise and fall |
Unit |
|
Polyester chip |
40% |
50% |
-10% |
% |
|
Polyester filament |
35% |
40% |
-5% |
% |
|
Polyester staple fiber |
50% |
45% |
+5% |
% |
VI. Future forecast
The high position of the international crude oil market is strong, the cost end forms the support, but the polyester raw material PTA and the ethylene glycol market supply and demand end is weak, the short-term market will maintain the interval arrangement, the cost forms the impetus to the polyester market. Polyester market offer is slightly adjusted with raw materials, downstream rigid demand stock. Short-term polyester market prices are expected to fluctuate within a narrow range. Pay close attention to the changes of raw material market and demand side in the later stage.