Polyester industry chain: Downstream chasing high and cautious polyester market production and sales fall
108,695 
August 22, 2023, 4:17 PM I. the market trend chart of polyester industry chain
On August 22nd, the market price index of ethylene glycol was 4020.06, down 4.24 from the previous working day.
China's PTA market price index was 6045 on Aug. 22, up 60 percent from the previous working day.
On August 22nd, the market price index of polyester chips was 6875, up 25% from the previous working day. The market price index of polyester bottle chips was 7050, up 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.8.22 |
2023.8.21 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
6045 |
5985 |
+60 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.8.22 |
2023.8.21 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
3990 |
4000 |
-10 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4150 |
4150 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.8.22 |
2023.8.21 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6875 |
6850 |
+25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6900 |
6875 |
+25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.8.22 |
2023.8.21 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7050 |
7025 |
+25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7050 |
7025 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7050 |
7025 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7150 |
7125 |
+25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7050 |
7025 |
+25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7050 |
7025 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7050 |
7025 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7150 |
7125 |
+25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.8.22 |
2023.8.21 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7625 |
7600 |
+25 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8175 |
8150 |
+25 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
9100 |
9100 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
8000 |
7900 |
+100 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.8.22 |
2023.8.21 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7500 |
7475 |
+25 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7525 |
7500 |
+25 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China continues to rise, with reference to 6045 yuan / ton. In August, the main port delivery 09 litres of water 10-15 near the transaction and negotiations. The commodity atmosphere is good, the cost end support is still there, and the PTA futures market continues to rise. There is an increase in the supply side of PTA, while the downstream demand is expected to weaken, and the market mentality is cautious. Downstream to maintain a rigid demand for replenishment, the trading atmosphere is 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 fall in international crude oil weakened the push on the market, and the focus of negotiations in the ethylene glycol market fluctuated in a narrow range. The price quoted in East China was around 3990 yuan / ton, down 10% from the previous working day. The quotation in South China is around 4150 yuan / ton. Port high inventory is difficult to alleviate in the short term, downstream to maintain rigid demand procurement, there are many external unstable factors, the market is lack of continuous drive, it is expected that the short-term ethylene glycol market will adjust narrowly.
Polyester chip
Today, the polyester chip market pulled up slightly. Polyester raw material PTA prices continue to rise, cost-side boost, chip market low-price supply reduced, market transaction focus narrow range higher. The downstream mood of chasing after the rise is insufficient, and production and sales have fallen sharply. It is expected that the market price of polyester chips will be narrowly arranged in the short term.
Polyester bottle chip
Today's polyester bottle chip market is arranged in a narrow range. Raw material PTA market continues to rise, cost support enhanced, mainstream bottle chip manufacturers offer temporarily stable, low-end market offer reduced; downstream rigid demand to buy, 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 market of polyester filament is strong. Polyester raw material market continues to pull up, cost support is obvious, some polyester factories raised quotations or reduced concessions, the focus of trading rose narrowly. Downstream some users fill positions, local production and marketing is OK, but the overall production and marketing has fallen sharply. 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 polyester staple fiber market maintains a strong finishing. Polyester raw material market continues to rise, cost support is strengthened, but downstream resistance to high prices is rising, only a few enterprises offer to make up, the focus of market negotiations rose slightly. The downstream order is insufficient, and the market trading atmosphere is low. It is expected that the short-term market price of polyester staple fiber will be adjusted slightly.
IV. Polyester Raw material Futures Market
PTA: August 22nd PTA main 2401 contract opening price: 6000, lowest price: 5962, highest price: 6038, closing price: 6006, settlement price: 5992, up 80, position: 1528198.
Ethylene glycol: August 22nd EG main contract 2401 opening price: 4138, lowest price: 4090, highest price: 4138, closing price: 4124, settlement price: 4112, up 6, position: 357692.
V. production and marketing data of polyester market
|
Product |
2023.8.22 |
2023.8.21 |
Rise and fall |
Unit |
|
Polyester chip |
35% |
85% |
-50% |
% |
|
Polyester filament |
60% |
210% |
-150% |
% |
|
Polyester staple fiber |
40% |
110% |
-70% |
% |
VI. Future forecast
The international crude oil fluctuates at a high level, the cost end support is still there, the supply and demand side of the polyester raw material PTA and ethylene glycol market weakens, the short-term market will adjust narrowly, the polyester raw material promotes the market, and the polyester market offer adjusts slightly with the cost, the downstream demand weakens. 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.