Polyester industry chain: The rise in PTA drives the polyester market to follow suit
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September 6, 2023, 4:23 PM I. the market trend chart of polyester industry chain
On September 6th, the market price index of ethylene glycol was 4106.02, down 4.24 from the previous working day.
China's PTA market price index was 6205 on Sept. 6, up 80% from the previous working day.
On September 6th, the market price index of polyester chips was 7050, up 50% from the previous working day. The market price index of polyester bottle chips was 7100, up 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.9.6 |
2023.9.5 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
6205 |
6125 |
+80 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.9.6 |
2023.9.5 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4105 |
4115 |
-10 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4230 |
4230 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.9.6 |
2023.9.5 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
7075 |
7025 |
+50 |
Factory includes tax, yuan / ton |
|
Light slicing |
7050 |
7000 |
+50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.9.6 |
2023.9.5 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7100 |
7075 |
+25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7100 |
7075 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7100 |
7075 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7200 |
7175 |
+25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7100 |
7075 |
+25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7100 |
7075 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7100 |
7075 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7200 |
7175 |
+25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.9.6 |
2023.9.5 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7850 |
7800 |
+50 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8350 |
8325 |
+25 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
9250 |
9200 |
+50 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
8150 |
8100 |
+50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.9.6 |
2023.9.5 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7625 |
7550 |
+75 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7650 |
7600 |
+50 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China is rising, and it is discussed around 6205 yuan / ton. This week and next week, the main port delivery 01 litre water 50-53 near the transaction and negotiations. The rise of the international crude oil market boosted and PTA futures rebounded. The supplier shipped normally, the market selling was loose, the downstream buying maintained rigid demand, and the firm transaction was on the low side. Short-term market volatility is expected to remain high.
Glycol
Today, the market price of ethylene glycol is in a narrow range. Although international crude oil rose, while the cost logic of ethylene glycol weakened, and the focus of market negotiations adjusted slightly, the price quoted in East China revolved around 4105 yuan / ton, down 10 yuan / ton compared with the previous working day. The quotation in South China is around 4230 yuan / ton. High cost supports the market. Ethylene glycol port high inventory pressure, 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 finishing pattern.
Polyester chip
Today, the polyester chip market pulled up slightly. Polyester raw material PTA price rise, cost-driven, chip factory offer more than 50-100 yuan / ton, downstream to chase the mood of caution, low-end price transaction is better. 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 strong. Raw material PTA market rose to promote, some bottle chip manufacturers offer up 50-80 yuan / ton, market offer slightly higher; 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, the polyester filament market is narrowly strengthened. Cost-end support increased, polyester factories more raised quotations and reduced concessions, ranging from 50 to 100 yuan / ton, the market trading center of gravity rose slightly. Downstream buying sentiment driven, production and sales of local volume. 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 maintained a small pull. The cost end is strong, the price of staple fiber market rises slightly, and the market wait-and-see atmosphere is strong. The mood of receiving goods downstream is not high, and the market trading atmosphere is light. It is expected that the short-term market price of polyester staple fiber will be adjusted slightly.
Polyester raw material futures market
PTA: September 6th PTA main 2401 contract opening price: 6052, lowest price: 6042, highest price: 6206, closing price: 6150, settlement price: 6158, up 82, position: 1662775.
Ethylene glycol: September 6th EG main contract 2401 opening price: 4238, lowest price: 4228, highest price: 4279, closing price: 4247, settlement price: 4253, down 12, position: 435221.
V. production and marketing data of polyester market
|
Product |
2023.9.6 |
2023.9.5 |
Rise and fall |
Unit |
|
Polyester chip |
80% |
50% |
+30% |
% |
|
Polyester filament |
105% |
45% |
+60% |
% |
|
Polyester staple fiber |
50% |
40% |
+10% |
% |
VI. Future forecast
The international crude oil market remains strong, the cost promotes the formation of the market, the supply and demand end of polyester raw material PTA and ethylene glycol market is weak, the market lacks sustainable promotion, the short-term market will be adjusted narrowly, the polyester raw material end will be supported, the polyester market offer will be mainly adjusted slightly, the downstream buying will be cautious, and 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.