Polyester industry chain: Cost side supports narrow adjustment of polyester market
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August 7, 2023, 4:32 PM I. the market trend chart of polyester industry chain
On August 7th, the market price index of ethylene glycol was 4033.81, up 11.17 from the previous working day.
China's PTA market price index was 5820 on Aug. 7, down 25% from the previous working day.
On August 7th, the market price index of polyester chips was 6825, which was the same as that of the previous working day. The market price index of polyester bottle chips was 7050, down 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.8.7 |
2023.8.4 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5820 |
5845 |
-25 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.8.7 |
2023.8.4 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
3990 |
3985 |
+5 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4100 |
4150 |
-50 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.8.7 |
2023.8.4 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
6850 |
6850 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.8.7 |
2023.8.4 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7050 |
7075 |
-25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7050 |
7075 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7050 |
7075 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7150 |
7175 |
-25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7050 |
7075 |
-25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7050 |
7075 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7050 |
7075 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7150 |
7175 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.8.7 |
2023.8.4 |
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 |
2023.8.7 |
2023.8.4 |
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 |
7350 |
7325 |
+25 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China maintains a weak pattern, with a reference of 5820 yuan / ton. In August, the main port delivery 09 litres of water 15-20 near the transaction and negotiations. The rise in international crude oil has supported the market to a certain extent. PTA futures slightly reduced positions fell, the port basis is still differentiated, adequate supply of goods in the market, buying sporadic rigid demand, light market trading. The short-term market is expected to maintain a narrow range of volatility.
Glycol
Today, the market price of ethylene glycol is adjusted slightly. Despite the rise in international crude oil, market confidence is insufficient, and spot market prices are fluctuated. Prices in East China are quoted around 3990 yuan / ton, up 5 yuan / ton from the previous working day. The quotation in South China is around 4100 yuan / ton. International oil prices are strong and cost-side support is strengthened. There are many pre-arrival ports, and the main ports in East China are expected to be burdened, while the downstream purchasing mentality is cautious, and it is expected that the ethylene glycol market will fluctuate in a narrow range in the short term.
Polyester chip
Today, the polyester chip market maintains finishing. The cost end is weak, the price sentiment of the mainstream slicing factory still exists, and the center of gravity of the mainstream transaction in the market remains stable. Downstream gas purchase is not good, the production and marketing of enterprises are general. 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 market is weak, lack of cost support, mainstream bottle chip manufacturers offer down 50 yuan / ton, 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. Polyester raw material market is weak, polyester manufacturers are cautious, the quotation is more stable, and local negotiations are loose. Downstream bargain stock, local production and sales pick up. It is expected that the market price of filament will be arranged in a narrow range in the short term.
Polyester staple fiber
Today, the market of polyester staple fiber is adjusted in a narrow range. International crude oil rose, boosting the market mentality, staple fiber market shock finishing, some low-cost supply rose slightly. The willingness of the market to prepare goods is enhanced, and the enterprise's overall production and marketing preference. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA: August 7 PTA main 2309 contract opening price: 5836, lowest price: 5754, highest price: 5852, closing price: 5786, settlement price: 5806, down 50, position: 906522.
Ethylene glycol: EG main contract 2309 opening price: 4026, lowest price: 3988, highest price: 4046, closing price: 4011, settlement price: 4018, down 17, position: 347963.
V. production and marketing data of polyester market
|
Product |
2023.8.7 |
2023.8.4 |
Rise and fall |
Unit |
|
Polyester chip |
40% |
40% |
0% |
% |
|
Polyester filament |
40% |
35% |
+5% |
% |
|
Polyester staple fiber |
65% |
50% |
+15% |
% |
VI. Future forecast
The international crude oil is high and strong, and the cost forms the support to the market, while the market supply and demand of polyester raw material PTA and ethylene glycol is weak, the short-term market will sort out the interval, and the polyester raw material will promote the market. Polyester market offer is mainly adjusted slightly, 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.