Polyester industry chain: The rebound of raw materials boosts the recovery of production and sales in the polyester market
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October 9, 2023, 5:25 PM I. the market trend chart of polyester industry chain
On October 9th, the market price index of ethylene glycol was 4114.11, up 35.91 from the previous working day.
China's PTA market price index was 6000 on Oct. 9, up 70% from the previous working day.
On October 9th, the market price of polyester chips was 7000, which was the same as that of the previous working day. The market price index of polyester bottle chips was 7000, down 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.10.9 |
2023.10.8 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
6000 |
5930 |
+70 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.10.9 |
2023.10.8 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4030 |
3950 |
+80 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4125 |
4100 |
+25 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.10.9 |
2023.10.8 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
7000 |
7000 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
7025 |
7050 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.9 |
2023.10.8 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7000 |
7025 |
-25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7000 |
7025 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7000 |
7025 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7100 |
7125 |
-25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7000 |
7025 |
-25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7000 |
7025 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7000 |
7025 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7100 |
7125 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.9 |
2023.10.8 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7875 |
7875 |
0 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8475 |
8475 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
9050 |
9050 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
8000 |
8000 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.9 |
2023.10.8 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7525 |
7550 |
-25 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7600 |
7625 |
-25 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of East China PTA rebounded, with a reference of 6000 yuan / ton. This week and next week, the main port delivery 01 liters of water 30-40 near the deal and negotiations. The rise in the international crude oil market has boosted the market. Polyester load picks up, downstream rigid demand offers increase, sellers offer higher, trading atmosphere is OK. It is expected that the short-term market will maintain a narrow adjustment.
Glycol
Today, the market price of ethylene glycol is strong. The rebound of the international crude oil market has boosted the market mentality, and the focus of negotiations in the ethylene glycol market has risen. The quotation in East China is around 4030 yuan / ton, up 80 yuan / ton from the previous working day. The quotation in South China is around 4125 yuan / ton. Inventory in the main port continues to accumulate, but downstream polyester load picks up, the market mentality is cautious, and it is expected that the ethylene glycol market will be adjusted at a high level in the short term.
Polyester chip
Today, the polyester chip market maintains finishing. The international crude oil market rebounded, polyester raw material PTA spot market rose, cost-driven, polyester chip factory offer stabilized, some factories shipped at low prices, the market transaction center of gravity was stable and weak. Downstream bargain rigid demand for stock, market turnover rebounded. 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 futures market fell, cost support is general, mainstream bottle chip manufacturers offer down 50 yuan / ton, market offer tends to low-end; with the rebound of international crude oil, boost market mentality, downstream began to actively replenish, market trading atmosphere improved. It is expected that the short-term lactone bottle market may maintain finishing.
Polyester filament
Today, the polyester filament market continues to weaken. With the rise of the international crude oil market, polyester filament manufacturers are cautious and their quotations remain stable. Downstream rigid demand replenishment, local production and sales pick up, market trading is general. 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 is general, staple fiber market prices continue to adjust. Downstream bargain reserve enthusiasm increases, enterprise production and marketing preference. It is expected that the short-term market price of polyester staple fiber will be adjusted slightly.
IV. Polyester Raw material Futures Market
PTA: October 9 PTA main 2401 contract opening price: 6076, lowest price: 5928, highest price: 6080, closing price: 5938, settlement price: 5976, down 284, position: 1382159.
Ethylene glycol: October 9 EG main contract 2401 opening price: 4106, lowest price: 4100, highest price: 4146, closing price: 4123, settlement price: 4123, down 35, position: 441670.
V. production and marketing data of polyester market
|
Product |
2023.10.9 |
2023.10.8 |
Rise and fall |
Unit |
|
Polyester chip |
80% |
25% |
+55% |
% |
|
Polyester filament |
70% |
35% |
+35% |
% |
|
Polyester staple fiber |
100% |
30% |
+70% |
% |
VI. Future forecast
Boosted by the rebound of international crude oil, the supply and demand side of polyester raw material PTA and ethylene glycol market improved, which boosted the market. It is expected that the short-term market will adjust narrowly, polyester raw material end will promote, polyester market offer will be adjusted with cost, downstream bargain buying will increase, and market production and sales will pick up. 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.