Polyester industry chain: High costs support stalemate in the polyester market
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September 19, 2023, 4:21 PM I. the market trend chart of polyester industry chain
On September 19th, the market price index of ethylene glycol was 4238.77, down 1.6 from the previous working day.
On Sept. 19, China's PTA market price index was 6355, up 15% from the previous working day.
On September 19th, the market price index of polyester chips was 7300, which was the same as that of the previous working day. The market price index of polyester bottle chips was 7225, down 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.9.19 |
2023.9.18 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
6355 |
6340 |
+15 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.9.19 |
2023.9.18 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4270 |
4270 |
0 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4330 |
4350 |
-20 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.9.19 |
2023.9.18 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
7350 |
7350 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
7300 |
7300 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.9.19 |
2023.9.18 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7225 |
7250 |
-25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7225 |
7250 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7225 |
7250 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7325 |
7350 |
-25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7225 |
7250 |
-25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7225 |
7250 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7225 |
7250 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7325 |
7350 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.9.19 |
2023.9.18 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
8175 |
8175 |
0 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8725 |
8725 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
9475 |
9475 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
8450 |
8450 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.9.19 |
2023.9.18 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7825 |
7800 |
+25 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7875 |
7875 |
0 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the East China PTA spot market is arranged at a high level, with a reference of 6355 yuan / ton. This week and next week, the main port delivery 01 litres of water 20: 30 near the deal and negotiations. The high level of international crude oil was boosted, the PTA futures market remained high, the spot basis rose slightly, and the negative reduction of suppliers supported the market, but the Asian Games affected the production of polyester, suppressed the formation of the market, suppliers shipped normally, downstream buying maintained rigid demand, and the actual transaction was limited. Short-term market volatility is expected to remain high.
Glycol
Today, the market price of ethylene glycol is adjusted in a narrow range. International crude oil prices are strong, boosting the market mentality, the focus of negotiations in the ethylene glycol market remains high, and the quotation in East China is around 4270 yuan / ton, unchanged from the previous working day. The quotation in South China is around 4330 yuan / ton. International crude oil remains high, cost-side support strengthens, port inventory continues to decline, but downstream polyester load decreases, demand side is expected to weaken, and the ethylene glycol market is expected to remain high in the short term.
Polyester chip
Today, the polyester chip market maintains finishing. Polyester raw materials PTA market finishing, cost support is stable, chip factory offer more stable. Downstream has a strong resistance to the high price of the market, and the market transaction is sporadic. It is expected that the market price of polyester chips will be narrowly arranged and run in the short term.
Polyester bottle chip
Today's polyester bottle chip market is arranged in a narrow range. Polyester raw materials PTA market finishing, cost support is general, mainstream bottle chip manufacturers offer remains stable, market offer tends to be low-end; downstream cautious wait-and-see, market trading downturn. It is expected that the short-term lactone bottle market may maintain finishing.
Polyester filament
Today's polyester filament market high-end finishing. Polyester raw material high support, but the demand performance is not good, polyester factory more stable quotation, individual adjustment, the range varies from 50 to 100 yuan / ton, a single specific negotiation. Downstream demand is relatively weak, firm transactions are rare. 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 adjusted in a narrow range. The cost end support is solid, and the price of staple fiber market rises slightly. Downstream wait-and-see mood is strong, market transactions to maintain rigid demand. It is expected that the short-term market price of polyester staple fiber will be adjusted slightly.
IV. Polyester Raw material Futures Market
PTA: September 19th PTA main 2401 contract opening price: 6332, lowest price: 6280, highest price: 6382, closing price: 6322, settlement price: 6334, down 8, position: 1622184.
Ethylene glycol: September 19 EG main contract 2401 opening price: 4416, lowest price: 4376, highest price: 4439, closing price: 4388, settlement price: 4409, down 10%, position: 437303.
V. production and marketing data of polyester market
|
Product |
2023.9.19 |
2023.9.18 |
Rise and fall |
Unit |
|
Polyester chip |
50% |
45% |
+5% |
% |
|
Polyester filament |
40% |
35% |
+5% |
% |
|
Polyester staple fiber |
50% |
40% |
+10% |
% |
VI. Future forecast
The international crude oil market is high and strong, forming a support for the market, polyester raw material PTA and ethylene glycol market own supply tightened, while polyester demand end weakens, it is expected that the short-term market will maintain high volatility, polyester raw material end drive, polyester market offer will be adjusted with cost, downstream rigid demand stock, market production and sales light. 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.