Polyester industry chain: Raw materials continue to pull back. Polyester market is weak and difficult to change
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September 26, 2023, 4:00 PM I. the market trend chart of polyester industry chain
On September 26th, the market price index of ethylene glycol was 4143.19, down 23.31 from the previous working day.
China's PTA market price index was 6170 on Sept. 26, down 75 percent from the previous working day.
On September 26th, the market price index of polyester chips was 7100, down 50% from the previous working day. The market price index of polyester bottle chips was 7150, down 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.9.26 |
2023.9.25 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
6170 |
6245 |
-75 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.9.26 |
2023.9.25 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4075 |
4130 |
-55 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4250 |
4250 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.9.26 |
2023.9.25 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
7200 |
7250 |
-50 |
Factory includes tax, yuan / ton |
|
Light slicing |
7100 |
7150 |
-50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.9.26 |
2023.9.25 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7150 |
7175 |
-25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7150 |
7175 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7150 |
7175 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7250 |
7275 |
-25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7150 |
7175 |
-25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7150 |
7175 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7150 |
7175 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7250 |
7275 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.9.26 |
2023.9.25 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
8050 |
8050 |
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 |
9400 |
9400 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
8350 |
8350 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.9.26 |
2023.9.25 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7625 |
7700 |
-75 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7700 |
7725 |
-25 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the East China PTA spot market continues to pull back, with a reference of 6170 yuan / ton. This week and next week, the main port delivery 01 litres of water 20: 30 near the deal and negotiations. The atmosphere of the commodity market is weak, the PTA futures market continues to fall, the spot basis maintains, the supplier offers are stable, the downstream buying mood is still cautious, and the real offer is mostly in the long term. The short-term market is expected to maintain a weak adjustment.
Glycol
Today, the market price of ethylene glycol continues to be weak. The atmosphere of the commodity market is weak, the market willingness to ship is enhanced, and the focus of negotiations in the ethylene glycol market continues to fall. The quotation in East China revolves around 4075 yuan / ton, down 55 yuan / ton compared with the previous working day. The quotation in South China is around 4250 yuan / ton. The international crude oil fluctuates at a high level, the cost promotes the market, and the inventory in the main port continues to accumulate, but the downstream polyester load decreases, the purchasing mentality is cautious, and the supply and demand side of the market is weak. It is expected that the ethylene glycol market will adjust at a high level in the short term.
Polyester chip
Today, the polyester chip market is weak. Polyester raw material PTA market continues to weaken, dragging down the market atmosphere, polyester chip factory began to reduce the price of shipments, the market center of gravity pullback. There is a strong cautious mood downstream, which continues the rhythm of rigid demand for stock before the festival. It is expected that the polyester chip market will run in a narrow range in the short term.
Polyester bottle chip
Today, the market for polyester bottle chips is weak. Polyester raw material PTA market continues to be weak, lack of cost support, mainstream bottle chip manufacturers offer down 50 yuan / ton, market offer tends to 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, polyester filament market maintains finishing. The cost support is limited, the market mentality is cautious, the quotation of polyester filament factory is stable, and some of them are slightly adjusted. Downstream rigid demand procurement, market trading is mediocre. 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 is weak and adjusted. The weakening of cost-end support, coupled with the weakening of the supply and demand side of the market, the price of staple fiber market fell in a narrow range. The downstream demand is weak, and the overall inquiry is insufficient. 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 26th PTA main 2401 contract opening price: 6214, lowest price: 6102, highest price: 6216, closing price: 6114, settlement price: 6154, down 112, position: 1448861.
Ethylene glycol: September 26th EG main contract 2401 opening price: 4242, lowest price: 4192, highest price: 4255, closing price: 4194, settlement price: 4223, down 90, position: 407716.
V. production and marketing data of polyester market
|
Product |
2023.9.26 |
2023.9.25 |
Rise and fall |
Unit |
|
Polyester chip |
45% |
55% |
-10% |
% |
|
Polyester filament |
30% |
50% |
-20% |
% |
|
Polyester staple fiber |
50% |
65% |
-15% |
% |
VI. Future forecast
The high fluctuation of the international crude oil market promotes the formation of the market, the supply and demand end of polyester raw material PTA and ethylene glycol market is weak, the market confidence is insufficient, it is expected that the short-term market will be weak adjustment, polyester raw material end to promote, polyester market offer will be adjusted with cost, downstream buying cautious, market production and marketing tend to dilute. 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.