Polyester industry chain: Cost support weakens polyester market weakness
115,247 
August 16, 2023, 4:23 PM I. the market trend chart of polyester industry chain
On August 16th, the market price index of ethylene glycol was 4004.66, up 0.52 from the previous working day.
China's PTA market price index was 5845 on Aug. 16, down 10% from the previous working day.
On August 16th, the market price index of polyester chips was 6800, down 25% from the previous working day. The market price index of polyester bottle chips was 7000, down 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.8.16 |
2023.8.15 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5845 |
5855 |
-10 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.8.16 |
2023.8.15 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
3925 |
3920 |
+5 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4080 |
4100 |
-20 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.8.16 |
2023.8.15 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6800 |
6825 |
-25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6850 |
6875 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.8.16 |
2023.8.15 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7000 |
7025 |
-25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7000 |
7025 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7000 |
7025 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7100 |
7125 |
-25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7000 |
7025 |
-25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7000 |
7025 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7000 |
7025 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7100 |
7125 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.8.16 |
2023.8.15 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7625 |
7650 |
-25 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8175 |
8225 |
-50 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
9150 |
9175 |
-25 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7900 |
7950 |
-50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.8.16 |
2023.8.15 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7400 |
7400 |
0 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7450 |
7425 |
+25 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China is weak and volatile, so we will consult near 5845 yuan / ton. In August, the main port delivery 09 litres of water 10-15 near the transaction and negotiations. International crude oil fell to suppress, PTA futures market volatility weakened, market supply is adequate, market mentality is cautious, spot basis to maintain consolidation, downstream to maintain rigid demand buying, market trading atmosphere in general. The short-term market is expected to maintain a narrow range of volatility.
Glycol
Today, the market price of ethylene glycol is in a narrow range. The high level of international crude oil fell, the overall performance of commodities was deadlocked, and the focus of negotiations in the ethylene glycol market adjusted slightly. The quotation in East China revolved around 3925 yuan / ton, up 5% from the previous working day. The quotation in South China is around 4080 yuan / ton. The pre-arrival volume of East China port is reduced, the inventory is expected to be phased out, the downstream rigid demand is stable, but the macro support is insufficient, 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 is weak. Polyester raw material market trend is weak, lack of cost support, some slicing factory concessions narrow expansion. Downstream to maintain a rigid demand for stock, production and marketing atmosphere is still 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. Raw material PTA market remains weak, lack of cost support, the mainstream bottle chip manufacturers offer temporarily stable, the market transaction center of gravity tends to 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, the polyester filament market declined slightly. The cost end support is limited, the market mentality is cautious, the polyester enterprise inventory pressure increases, most manufacturers promote shipments, the market transaction center of gravity moves down narrowly. Downstream every bargain to fill positions, 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's polyester staple market shock finishing. The cost support is still there, and the offer of staple fiber enterprises has been adjusted slightly. Some staple fiber factories let profit to ship goods, downstream every low rigid demand to prepare goods, most enterprises production and marketing is better. It is expected that the short-term market price of polyester staple fiber will be arranged slightly.
IV. Polyester Raw material Futures Market
PTA: August 16 PTA main 2401 contract opening price: 5758, lowest price: 5708, highest price: 5796, closing price: 5728, settlement price: 5756, down 46, position: 1300180.
Ethylene glycol: August 16 EG main contract 2309 opening price: 3940, lowest price: 3934, highest price: 3969, closing price: 3954, settlement price: 3947, up 13, position: 242378.
V. production and marketing data of polyester market
|
Product |
2023.8.16 |
2023.8.15 |
Rise and fall |
Unit |
|
Polyester chip |
40% |
40% |
0% |
% |
|
Polyester filament |
90% |
40% |
+50% |
% |
|
Polyester staple fiber |
75% |
60% |
+15% |
% |
VI. Future forecast
The recent Chinese commodity market performance stalemate, market mentality is cautious, polyester raw materials PTA and ethylene glycol market supply and demand end is weak, the short-term market will be narrow adjustment, polyester raw materials to promote the formation of the market. Polyester market offer is slightly adjusted with the cost, downstream rigid demand replenishment. 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.