Polyester industry chain: Cost drives weakening polyester market production and sales are weakening
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September 5, 2023, 4:33 PM I. the market trend chart of polyester industry chain
On September 5th, the market price index of ethylene glycol was 4109.74, up 6.53 from the previous working day.
China's PTA market price index was 6125 on Sept. 5, down 35% from the previous working day.
On September 5th, the market price index of polyester chips was 7000, which was the same as that of 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 |
2023.9.5 |
2023.9.4 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
6125 |
6160 |
-35 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.9.5 |
2023.9.4 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4115 |
4110 |
+5 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4230 |
4250 |
-20 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.9.5 |
2023.9.4 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
7025 |
7025 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
7000 |
7000 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.9.5 |
2023.9.4 |
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 |
2023.9.5 |
2023.9.4 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7800 |
7800 |
0 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8325 |
8325 |
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 |
8100 |
8100 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.9.5 |
2023.9.4 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7550 |
7550 |
0 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7600 |
7600 |
0 |
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 be weak, with a reference of 6125 yuan / ton. This week and next week, the main port delivery 01 litre water 52-55 near the transaction and negotiations. Commodity market atmosphere is weak, PTA futures continued to pullback. Suppliers shipped normally, traders' market offers increased, downstream buying maintained rigid demand, and overall trading was light. 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. International crude oil market high support, support bullish confidence, ethylene glycol market negotiations focus on a small adjustment, East China quotation around 4115 yuan / ton, up 5 yuan / ton compared with the previous working day. The quotation in South China is around 4230 yuan / ton. International crude oil prices are strong and cost support is still there. The recent decrease in the arrival of ethylene glycol to Hong Kong, the main port inventory is expected to decline, but downstream polyester enterprises procurement mentality is cautious, the market is lack of sustainable support, it is expected that the short-term ethylene glycol market will maintain the consolidation pattern.
Polyester chip
Today, the polyester chip market maintains finishing. The trend of polyester cost weakens, the offer of slicing factory is stable, and the focus of market transaction is adjusted narrowly. Downstream demand follow-up is insufficient, enterprise production and marketing 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 for polyester bottle chips is narrow and weak. Raw material PTA market continues to weaken, lack of cost support, some bottle chip manufacturers offer down 50-100 yuan / ton, market offer began to loose; downstream cautious wait-and-see-based, light market trading. It is expected that the short-term lactone bottle market will maintain the finishing operation.
Polyester filament
Today's polyester filament market narrow finishing. Cost-end support is weak, polyester manufacturers have a strong price-raising mentality, and the center of gravity of the market fluctuates slightly. Downstream multi-rigid demand for stock, enterprise production and sales decline. It is expected that the market price of filament will be arranged in a narrow range in the short term.
Polyester staple fiber
Polyester staple fiber market rose slightly today. The cost end is weak, the market is lack of support, the supply of goods in circulation in the staple fiber market is reduced, and the enterprise offer remains stable. The mood of receiving goods downstream is not high, and the production and marketing of most enterprises are relatively weak. It is expected that the short-term market price of polyester staple fiber will be adjusted slightly.
Polyester raw material futures market
PTA: September 5th PTA main 2401 contract opening price: 6070, lowest price: 6032, highest price: 6096, closing price: 6056, settlement price: 6068, down 62, position: 1631214.
Ethylene glycol: EG main contract 2401 opening price: 4242, lowest price: 4235, highest price: 4288, closing price: 4243, settlement price: 4259, up 3, position: 428167.
V. production and marketing data of polyester market
|
Product |
2023.9.5 |
2023.9.4 |
Rise and fall |
Unit |
|
Polyester chip |
50% |
75% |
-25% |
% |
|
Polyester filament |
45% |
50% |
-5% |
% |
|
Polyester staple fiber |
40% |
45% |
-5% |
% |
VI. Future forecast
The international crude oil market remains strong, the cost forms the support to the market, the supply and demand end of the polyester raw material PTA and ethylene glycol market is weak, the short-term market will adjust narrowly, the polyester raw material forms the impetus to the market, the polyester market offer adjusts slightly, the downstream demand weakens, the market production and marketing is 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.