Polyester industry chain: crude oil fell sharply and pressure the polyester market fell across the board
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October 7, 2023, 6:17 PM I. the market trend chart of polyester industry chain
On October 7th, the market price index of ethylene glycol was 4078.20, down 40.03 from the previous working day.
On October 7th, China's PTA market price index was 5910, up from 335 on the previous working day.
On October 7th, the market price of polyester chips was 7050, down 50% from the previous working day. The market price index of polyester bottle chips was 7050, down 100 from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.10.7 |
2023.9.28 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5910 |
6245 |
-335 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.10.7 |
2023.9.28 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
3950 |
4035 |
-85 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4100 |
4150 |
-50 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.10.7 |
2023.9.28 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
7050 |
7100 |
-50 |
Factory includes tax, yuan / ton |
|
Light slicing |
7100 |
7175 |
-75 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.7 |
2023.9.28 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7050 |
7150 |
-100 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7050 |
7150 |
-100 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7050 |
7150 |
-100 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7150 |
7250 |
-100 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7050 |
7150 |
-100 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7050 |
7150 |
-100 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7050 |
7150 |
-100 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7150 |
7250 |
-100 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.7 |
2023.9.28 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
8000 |
8050 |
-50 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8600 |
8600 |
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 |
8100 |
8200 |
-100 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.7 |
2023.9.28 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7550 |
7650 |
-100 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7650 |
7750 |
-100 |
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 5910 yuan / ton. This week and next week, the main port delivery 01 litre of water 30 near the deal and negotiations. The sharp fall in international crude oil has depressed the market atmosphere. The futures market is closed, the spot price is mainly closed, the buyer is rigid in demand for replenishment, and the trading atmosphere is cautious. The short-term market is expected to maintain a weak adjustment.
Glycol
Today, the market price of ethylene glycol continues to adjust. Under the pressure of the sharp fall in international crude oil, the market opened a low offer, and the focus of negotiations in the ethylene glycol market continued to fall. The quotation in East China revolved around 3950 yuan / ton, down 85 yuan / ton compared with the previous working day. The quotation in South China is around 4100 yuan / ton. International crude oil high decline, cost pressure on the market, the main port inventory continues to accumulate, but downstream polyester load decline, procurement mentality is cautious, market supply and demand side is weak, it is expected that the ethylene glycol market will be high adjustment in the short term.
Polyester chip
Today, the polyester chip market is weak. International crude oil fell sharply, cost-side pressure, polyester chip factory began to reduce the price of shipments, the market center of gravity pullback. Downstream replenishment mood is low, the market transaction is cold. 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 has declined slightly. 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
The market for polyester filament is weakening today. The cost side fell sharply, individual polyester factories quoted prices, and the focus of market negotiations fell back. Downstream procurement slowed down, the market trading was flat. 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. International crude oil prices fell sharply, followed by a decline in staple fiber market prices on the first day after the festival. The downstream overall inquiry is limited and the wait-and-see atmosphere is strong. 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 28th PTA main 2401 contract opening price: 6170, lowest price: 6146, highest price: 6298, closing price: 6194, settlement price: 6222, up 50, position: 1319350.
Ethylene glycol: September 28th EG main contract 2401 opening price: 4160, lowest price: 4126, highest price: 4191, closing price: 4134, settlement price: 4158, down 42, position: 419945.
V. production and marketing data of polyester market
|
Product |
2023.10.7 |
2023.9.28 |
Rise and fall |
Unit |
|
Polyester chip |
30% |
80% |
-50% |
% |
|
Polyester filament |
25% |
50% |
-25% |
% |
|
Polyester staple fiber |
35% |
90% |
-55% |
% |
VI. Future forecast
The international crude oil market high pullback, to the market shape suppression, polyester raw material PTA and ethylene glycol market supply and demand end weakening, market confidence is insufficient, it is expected that the short-term market will be weak callback, polyester raw material end to promote, polyester market offer will be adjusted with the cost, downstream buying cautious, market production and sales tend to dilute. Short-term polyester market prices are expected to fluctuate weakly. 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. =