Polyester industry chain: The raw material market weakens, the polyester market continues to pull back
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October 10, 2023, 5:38 PM I. the market trend chart of polyester industry chain
On October 10th, the market price index of ethylene glycol was 4095.03, down 19.08 from the previous working day.
On Oct. 10, China's PTA market price index was 5970, down 30 percent from the previous working day.
On October 10th, the market price of polyester chips was 6950, down 50% from the previous working day. The market price index of polyester bottle chips was 6975, down 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.10.10 |
2023.10.9 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5970 |
6000 |
-30 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.10.10 |
2023.10.9 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
3985 |
4030 |
-45 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4125 |
4125 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.10.10 |
2023.10.9 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6950 |
7000 |
-50 |
Factory includes tax, yuan / ton |
|
Light slicing |
7000 |
7025 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.10 |
2023.10.9 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6975 |
7000 |
-25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6975 |
7000 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6975 |
7000 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7075 |
7100 |
-25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6975 |
7000 |
-25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6975 |
7000 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6975 |
7000 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7075 |
7100 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.10 |
2023.10.9 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7750 |
7800 |
-50 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8450 |
8450 |
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 |
2023.10.10 |
2023.10.9 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7500 |
7525 |
-25 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7550 |
7600 |
-50 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China is weak, so we can negotiate around 5970 yuan / ton. This week and next week, the main port delivery 01 litres of water 45-50 near the deal and negotiations. The atmosphere of the commodity market weakens, suppressing the formation of the market, and the PTA futures market pulls back. Spot basis rebounded slightly, downstream rigid demand buying, trading atmosphere weakened. It is expected that the short-term market will maintain a narrow adjustment.
Glycol
Today, the market price of ethylene glycol is weak. The atmosphere of the commodity market is weakening, the market buying gas is in the doldrums, and the focus of negotiations in the ethylene glycol market has dropped. The quotation in East China revolves around 3985 yuan / ton, down 45 yuan / ton from the previous working day. The quotation in South China is around 4125 yuan / ton. The main port inventory remains high, but the downstream polyester load picks up, the market mentality is cautious, and the ethylene glycol market is expected to adjust at a high level in the short term.
Polyester chip
Today, the polyester chip market is weak. Polyester raw material PTA market fell, lack of cost-end support, individual factory offers continued to decline, polyester chip market trading center continued to decline. Downstream rigid demand for stock-based. 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, cost support is general, mainstream bottle chip manufacturers offer temporarily stable, market offer tends to low-end; downstream demand weakens, market trading atmosphere is low. It is expected that the short-term lactone bottle market may maintain finishing.
Polyester filament
Today, the polyester filament market continues to weaken. Cost support is insufficient, polyester manufacturers are cautious, individual quotations are narrowly reduced, and the market is weak and deadlocked. Downstream rigid demand replenishment, 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. The cost end support is weak, and the focus of negotiations in the staple fiber market continues to shift downward. Downstream demand is relatively weak, enterprise production and sales decline. 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 10 PTA main 2401 contract opening price: 5958, lowest price: 5876, highest price: 5964, closing price: 5884, settlement price: 5924, down 92, position: 1383006.
Ethylene glycol: October 10 EG main contract 2401 opening price: 4124, lowest price: 4062, highest price: 4137, closing price: 4076, settlement price: 4099, down 47, position: 466406.
V. production and marketing data of polyester market
|
Product |
2023.10.10 |
2023.10.9 |
Rise and fall |
Unit |
|
Polyester chip |
50% |
80% |
-30% |
% |
|
Polyester filament |
30% |
70% |
-40% |
% |
|
Polyester staple fiber |
80% |
100% |
-20% |
% |
VI. Future forecast
The international crude oil market is weak, the supply and demand end of polyester raw material PTA and ethylene glycol market is weak, and the market support is insufficient. It is expected that the short-term market will be adjusted in a narrow range, polyester raw material end will be driven, polyester market offer will be adjusted with cost, downstream rigid demand for stock, and market production and sales will weaken. 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.