Polyester industry chain: Falling costs drag down sluggish production and sales in the polyester market
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August 28, 2023, 4:17 PM I. the market trend chart of polyester industry chain
The market price index of ethylene glycol was 4032.28, down 24.15 from the previous working day.
China's PTA market price index was 6045 on Aug. 28, down 25 percent from the previous working day.
On August 28th, the market price index of polyester chips was 6900, unchanged from the previous working day. The market price index of polyester bottle chips was 7075, which was the same as that of the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.8.28 |
2023.8.25 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
6045 |
6070 |
-25 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.8.28 |
2023.8.25 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
3990 |
4045 |
-55 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4120 |
4150 |
-30 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.8.28 |
2023.8.25 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6900 |
6900 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
6920 |
6920 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.8.28 |
2023.8.25 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7075 |
7075 |
0 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7075 |
7075 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7075 |
7075 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7175 |
7175 |
0 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7075 |
7075 |
0 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7075 |
7075 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7075 |
7075 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7175 |
7175 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.8.28 |
2023.8.25 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7700 |
7675 |
+25 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8250 |
8200 |
+50 |
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 |
8050 |
8050 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.8.28 |
2023.8.25 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7500 |
7525 |
-25 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7550 |
7550 |
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 6045 yuan / ton. In August, the main port delivery 09 litres of water 15 or 01 litres of water 50 near the deal and negotiations. Cost support has weakened, PTA futures disk fell slightly. Spot supply in the market is loose, downstream buying sentiment is cautious, and the market 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 fell within a narrow range. Weak market demand, the formation of pressure on the market, ethylene glycol market negotiations focus on a narrow pullback, East China quotation around 3995 yuan / ton, down 55% from the previous working day. The quotation in South China is around 4120 yuan / ton. Cost support to the market is still there. East China main port inventory is still high, while the downstream polyester rigid demand is stable, it is expected that the short-term ethylene glycol market will maintain the finishing pattern.
Polyester chip
Today, the polyester chip market is arranged horizontally. Polyester raw material PTA market is weak, cost-end support is general, slicing factory price sentiment still exists, traders' prices are slightly weaker. Downstream rigid demand for stock-based, the market buying gas is not good. It is expected that the market price of polyester chips will be narrowly arranged in the short term.
Polyester bottle chip
Today, the market of polyester bottle chips is maintained and arranged. Raw material PTA market trend is weak, high cost is insufficient, the mainstream bottle chip manufacturers offer temporarily stable, market offer a small adjustment; downstream rigid demand to buy, the market is mainly cautious wait and see. It is expected that the short-term lactone bottle market will maintain the finishing operation.
Polyester filament
Today, the market of polyester filament is adjusted slightly. Cost-end support weakened, polyester manufacturers sold at low prices, and the focus of local negotiations rose. Downstream inquiry atmosphere is light, multi-rigid demand to take goods, market production and marketing is not good. 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 weak. Polyester raw material market is weak, the price of staple fiber factory is stable, and the shipping price of traders has declined slightly. Downstream demand continues to be weak and trading sentiment 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 28th PTA main 2401 contract opening price: 6086, lowest price: 5938, highest price: 6090, closing price: 6008, settlement price: 6004, down 14, position: 1601044.
Ethylene glycol: August 28th EG main contract 2401 opening price: 4188, lowest price: 4078, highest price: 4192, closing price: 4100, settlement price: 4131, down 72, position: 394615.
V. production and marketing data of polyester market
|
Product |
2023.8.28 |
2023.8.25 |
Rise and fall |
Unit |
|
Polyester chip |
40% |
45% |
-5% |
% |
|
Polyester filament |
30% |
40% |
-10% |
% |
|
Polyester staple fiber |
50% |
100% |
-50% |
% |
VI. Future forecast
The high position of the international crude oil market is strong, the cost support is still there, the supply and demand of polyester raw material PTA and ethylene glycol market is weak, the short-term market will be adjusted in a narrow range, polyester raw materials will promote the market formation, polyester market offer will be mainly adjusted slightly, downstream cautious wait-and-see, market production and sales light. 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.