Polyester industry chain: The cost side weakened, the polyester market corrected slightly
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September 8, 2023, 4:20 PM I. the market trend chart of polyester industry chain
On Sept. 8, the market price index of ethylene glycol was 4110.26, up 10.6% from the previous working day.
China's PTA market price index was 6080 on Sept. 8, down 80% from the previous working day.
On September 8th, the market price index of polyester chips was 7025, down 50% from the previous working day. The market price index of polyester bottle chips was 7050, down 50% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.9.8 |
2023.9.7 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
6080 |
6160 |
-80 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.9.8 |
2023.9.7 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4115 |
4090 |
+25 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4230 |
4230 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.9.8 |
2023.9.7 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
7025 |
7075 |
-50 |
Factory includes tax, yuan / ton |
|
Light slicing |
7075 |
7100 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.9.8 |
2023.9.7 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7050 |
7100 |
-50 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7050 |
7100 |
-50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7050 |
7100 |
-50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7150 |
7200 |
-50 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7050 |
7100 |
-50 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7050 |
7100 |
-50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7050 |
7100 |
-50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7150 |
7200 |
-50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.9.8 |
2023.9.7 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7850 |
7850 |
0 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8375 |
8350 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
9250 |
9250 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
8200 |
8200 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.9.8 |
2023.9.7 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7550 |
7600 |
-50 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7600 |
7625 |
-25 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China has fallen back, and it is discussed to refer to around 6080 yuan / ton. This week and next week, the main port delivery 01 liters of water 35-50 near the deal and negotiations. The international crude oil market fell and depressed, the commodity market weakened, and PTA futures fell. 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. International crude oil fell, cost support weakened, and the focus of market negotiations adjusted slightly. Prices in East China revolved around 4115 yuan / ton, up 25 yuan / ton from the previous working day. The quotation in South China is around 4230 yuan / ton. The cost support is average. Recently, although the inventory of ethylene glycol in the main port continues to decline, downstream polyester demand is expected to weaken, commodity market sentiment weakens to suppress the market, it is expected that the ethylene glycol market will maintain the consolidation pattern in the short term.
Polyester chip
Today, the polyester chip market pulls back slightly. Polyester raw material PTA price downward, slicing factory offer temporarily stable, but downstream demand is weak, the market transaction center of gravity is slightly weak. The downstream buying is cautious, and the market 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
The market for polyester bottle chips is narrowly weak today. Raw material PTA market fell to suppress, some bottle chip manufacturers offer down 50-100 yuan / ton, market offer tends to low-end; 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 weakens, dragging down market atmosphere, polyester manufacturers are cautious, how stable the quotation is, and the focus of market trading fluctuates slightly. Downstream demand is relatively weak, enterprise production and marketing is depressed. It is expected that the market price of filament will be arranged in a narrow range in the short term.
Polyester staple fiber
The market of polyester staple fiber fell slightly today. The cost side goes down, suppressing the formation of the market, and the high-priced supply of staple fiber continues to fall. Downstream rigid demand replenishment is the main, most enterprises production and marketing is OK. It is expected that the short-term market price of polyester staple fiber will be adjusted slightly.
Polyester raw material futures market
PTA: September 8th PTA main 2401 contract opening price: 6082, lowest price: 5980, highest price: 6088, closing price: 6024, settlement price: 6032, down 96, position: 1545119.
Ethylene glycol: EG main contract 2401 opening price: 4247, lowest price: 4232, highest price: 4288, closing price: 4266, settlement price: 4261, down 1, position: 435298.
V. production and marketing data of polyester market
|
Product |
2023.9.8 |
2023.9.7 |
Rise and fall |
Unit |
|
Polyester chip |
35% |
30% |
+5% |
% |
|
Polyester filament |
35% |
45% |
-10% |
% |
|
Polyester staple fiber |
55% |
40% |
+15% |
% |
VI. Future forecast
The international crude oil market fluctuates high, the cost to the market support is general, the polyester raw material PTA and the ethylene glycol market supply and demand end is weak, the short-term market will adjust narrowly, the polyester raw material end promotes, the polyester market offer will adjust slightly with the cost, the downstream buying is cautious, 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.