Polyester industry chain: High PTA drives production and sales in the polyester market to rebound
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September 12, 2023, 4:12 PM I. the market trend chart of polyester industry chain
On September 12th, the market price index of ethylene glycol was 4152.41, up 13.24 from the previous working day.
China's PTA market price index was 6275 on Sept. 12, up 135 from the previous working day.
On September 12th, the market price index of polyester chips was 7100, up 50% from the previous working day. The market price index of polyester bottle chips was 7150, up 50% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.9.12 |
2023.9.11 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
6275 |
6140 |
+135 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.9.12 |
2023.9.11 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4205 |
4170 |
+35 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4280 |
4300 |
-20 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.9.12 |
2023.9.11 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
7100 |
7050 |
+50 |
Factory includes tax, yuan / ton |
|
Light slicing |
7175 |
7100 |
+75 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.9.12 |
2023.9.11 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7150 |
7100 |
+50 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7150 |
7100 |
+50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7150 |
7100 |
+50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7250 |
7200 |
+50 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7150 |
7100 |
+50 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7150 |
7100 |
+50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7150 |
7100 |
+50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7250 |
7200 |
+50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.9.12 |
2023.9.11 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7925 |
7850 |
+75 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8475 |
8375 |
+100 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
9300 |
9250 |
+50 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
8200 |
8200 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.9.12 |
2023.9.11 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7675 |
7600 |
+75 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7725 |
7650 |
+75 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China has risen sharply, with a reference of 6275 yuan / ton. This week and next week, the main port delivery 01 litre water 40-42 near the transaction and negotiations. The international crude oil market maintained a high level, with the help of funds, the PTA futures market rose sharply. Recently, the temporary parking of PTA enterprise devices has increased, and the start of the industry has dropped sharply, giving a boost to the market. The supplier shipped normally, the downstream purchase maintained the rigid demand, and the firm transaction was limited. Short-term market volatility is expected to remain high.
Glycol
Today, the market price of ethylene glycol is narrow and strong. International oil prices remain high, the overall trend of commodities is strong, and the focus of negotiations in the ethylene glycol market has slightly increased. The price quoted in East China revolves around 4205 yuan / ton, up 35 yuan / ton from the previous working day. The quotation in South China is around 4280 yuan / ton. High-end support on the cost side. Ethylene glycol main port inventory continues to decline, while downstream polyester demand is expected to weaken, weak supply and demand suppression, the market continues to catch up with the lack of kinetic energy, it is expected that the ethylene glycol market will maintain the consolidation pattern in the short term.
Polyester chip
Today, the polyester chip market continues to rise. Polyester raw materials PTA market prices soared, cost-driven, chip market focus continued to rise, downstream bargain-based stock, market production and sales improved. 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. Polyester raw materials PTA market boosted, mainstream bottle chip manufacturers offer up 50 yuan / ton, market offer continued to rise; downstream to maintain a rigid demand for stock, low-end transaction is OK. It is expected that the short-term lactone bottle market will maintain the finishing operation.
Polyester filament
Today, the market of polyester filament is strong. Polyester double raw material market strong drive, polyester filament part of the enterprise quotation with the rise, the market low-end negotiations reduced, the transaction focus narrow upward. Market buying sentiment driven, downstream focus on covering positions, market production and sales pick up. 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 market maintains a strong trend. The cost side continues to rise, with the spot market of polyester staple fiber rising. Downstream active stock, enterprise production and sales rebounded. It is expected that the short-term market price of polyester staple fiber will be adjusted slightly.
Polyester raw material futures market
PTA: Sept. 12 PTA main 2401 contract opening price: 6124, lowest price: 6120, highest price: 6324, closing price: 6314, settlement price: 6234, up 218, position: 1734702.
Ethylene glycol: September 12 EG main contract 2401 opening price: 4345, lowest price: 4310, highest price: 4370, closing price: 4351, settlement price: 4342, up 45, position: 446474.
V. production and marketing data of polyester market
|
Product |
2023.9.12 |
2023.9.11 |
Rise and fall |
Unit |
|
Polyester chip |
140% |
65% |
+75% |
% |
|
Polyester filament |
220% |
55% |
+165% |
% |
|
Polyester staple fiber |
120% |
60% |
+60% |
% |
VI. Future forecast
The international crude oil market is high and strong, the commodity market atmosphere is improving, the cost forms the support to the market, the polyester raw material PTA and ethylene glycol market own supply tightens, boosts the market mentality, the short-term market is expected to maintain high volatility, polyester raw material end drive, polyester market offer will be adjusted with cost, downstream buying caution, maintain rigid demand for stock. Short-term polyester market prices are expected to fluctuate within a narrow range. In the later stage, we should pay close attention to the changes of the raw material market and the supply and demand of polyester itself.