Polyester industry chain: lack of information guides the polyester market to consolidate
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October 8, 2023, 4:59 PM I. the market trend chart of polyester industry chain
On October 8th, the market price index of ethylene glycol was 4078.20, unchanged from the previous working day.
On Oct. 8, China's PTA market price index was 5930, up 20% from the previous working day.
On October 8th, the market price of polyester chips was 7000, down 50% from the previous working day. The market price index of polyester bottle chips was 7025, down 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.10.8 |
2023.10.7 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5930 |
5910 |
+20 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.10.8 |
2023.10.7 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
3950 |
3950 |
0 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4100 |
4100 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.10.8 |
2023.10.7 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
7000 |
7050 |
-50 |
Factory includes tax, yuan / ton |
|
Light slicing |
7050 |
7100 |
-50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.8 |
2023.10.7 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7025 |
7050 |
-25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7025 |
7050 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7025 |
7050 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7125 |
7150 |
-25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7025 |
7050 |
-25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7025 |
7050 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7025 |
7050 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7125 |
7150 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.8 |
2023.10.7 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7875 |
8000 |
-125 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8475 |
8600 |
-125 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
9050 |
9250 |
-200 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
8000 |
8100 |
-100 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.8 |
2023.10.7 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7550 |
7550 |
0 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7625 |
7650 |
-25 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of East China PTA is adjusted within a narrow range, and it will be discussed around 5930 yuan / ton. This week and next week, the main port delivery 01 litre of water 30 near the deal and negotiations. 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 is maintained. Market fundamentals are calm, the lack of futures guidance, ethylene glycol market negotiations center of gravity stable, East China quotation around 3950 yuan / ton, flat compared with the previous working day. The quotation in South China is around 4100 yuan / ton. 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. PTA spot market fell sharply to suppress, polyester chip factory offer down, the market transaction center of gravity continues to decline. Downstream bargain rigid demand stock-based, the market turnover is light. 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 fell, lack of cost support, mainstream bottle chip manufacturers offer temporarily stable, 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, the polyester filament market continues to weaken. Aggregation costs fell sharply, while polyester manufacturers increased inventory pressure, increased willingness to ship, polyester enterprises quoted prices reduced by 200-300 yuan / ton, the market transaction center of gravity moved down. 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. Cost support has weakened, individual staple fiber enterprises have offered to make up for the decline, and under the guidance of the lack of clear information in the market, the room for negotiation has been slightly expanded. The downstream overall inquiry is limited, and the production and marketing of enterprises are light. 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 |
2023.10.8 |
2023.10.7 |
Rise and fall |
Unit |
|
Polyester chip |
25% |
30% |
-5 % |
% |
|
Polyester filament |
35% |
25% |
+10% |
% |
|
Polyester staple fiber |
30% |
35% |
-5% |
% |
VI. Future forecast
Lack of market news guidance, polyester raw material PTA and ethylene glycol market supply and demand side weak, lack of market confidence, 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 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.