Polyester industry chain: lack of market confidence, polyester market production and sales are weakening
87,071 
September 20, 2023, 4:20 PM I. the market trend chart of polyester industry chain
On September 20th, the market price index of ethylene glycol was 4226.06, down 12.71 from the previous working day.
China's PTA market price index was 6345 on Sept. 20, down 10% from the previous working day.
On September 20th, 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, which was the same as that of the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.9.20 |
2023.9.19 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
6345 |
6355 |
-10 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.9.20 |
2023.9.19 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4240 |
4270 |
-30 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4330 |
4330 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.9.20 |
2023.9.19 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
7350 |
7350 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
7275 |
7300 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.9.20 |
2023.9.19 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7225 |
7225 |
0 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7225 |
7225 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7225 |
7225 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7325 |
7325 |
0 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7225 |
7225 |
0 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7225 |
7225 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7225 |
7225 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7325 |
7325 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.9.20 |
2023.9.19 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
8200 |
8175 |
+25 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8775 |
8725 |
+50 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
9500 |
9475 |
+25 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
8450 |
8450 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.9.20 |
2023.9.19 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7800 |
7825 |
-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 spot market of PTA in East China is slightly weaker, with a reference of 6345 yuan / ton. This week and next week, the main port delivery 01 litre water 15-20 near the transaction and negotiations. The international crude oil fluctuates at a high level, the commodity market atmosphere is weak, the PTA futures market is weak, the spot basis is falling, the downstream polyester production begins to be reduced, which suppresses the formation of the market, the suppliers ship normally, the downstream buying maintains rigid demand, and the actual transaction is limited. Short-term market volatility is expected to remain high.
Glycol
Today, the market price of ethylene glycol is narrow and weak. Lack of market confidence, the focus of ethylene glycol market negotiations slightly weakened, East China quotation around 4240 yuan / ton, down 30 yuan / ton compared with the previous working day. The quotation in South China is around 4330 yuan / ton. International crude oil fluctuates at a high level, cost support still exists, port inventory continues to decline, but downstream polyester load decreases, demand side is expected to weaken, the ethylene glycol market is expected to remain high in the short term.
Polyester chip
Today's polyester chip market is narrowly arranged. Polyester raw material PTA market is weak, cost support is general, downstream resistance to high market prices is strong, chip market focus is stable and weak. Downstream demand weakens, market turnover is low. 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 material PTA market is weak, cost support is general, mainstream bottle chip manufacturers offer remains stable, market offer is low; downstream cautious wait-and-see, market trading is low. It is expected that the short-term lactone bottle market may maintain finishing.
Polyester filament
Today, the market of polyester filament is strong. Under the support of high cost, many sets of polyester units in Zhejiang have been reduced, market supply has declined, enterprise inventory is at a low level, polyester manufacturers are selling at low prices, and low-end negotiations in the market have decreased. 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 insufficient, the short fiber market quotation weakens slightly. Downstream buying atmosphere is insufficient, the market transaction 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 20 PTA main 2401 contract opening price: 6344, lowest price: 6260, highest price: 6416, closing price: 6294, settlement price: 6332, down 40, position: 1575412.
Ethylene glycol: September 20 EG main contract 2401 opening price: 4394, lowest price: 4364, highest price: 4425, closing price: 4387, settlement price: 4392, down 22, position: 435420.
V. production and marketing data of polyester market
|
Product |
2023.9.20 |
2023.9.19 |
Rise and fall |
Unit |
|
Polyester chip |
35% |
50% |
-15% |
% |
|
Polyester filament |
30% |
40% |
-10% |
% |
|
Polyester staple fiber |
40% |
50% |
-10% |
% |
VI. Future forecast
The international crude oil market fluctuates high, forms the support to the market, the polyester raw material PTA and the ethylene glycol market own supply tightens, but the polyester demand end weakens, the short-term market will maintain the high level fluctuation, the polyester raw material end promotes, the polyester market offer will adjust with the cost, the downstream rigid demand stock, the market production and sale is 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.