Polyester industry chain: The market continues to be bearish. The polyester market is weak and difficult to change
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October 11, 2023, 4:15 PM I. the market trend chart of polyester industry chain
On October 11th, the market price index of ethylene glycol was 4028.40, down 66.63 from the previous working day.
On Oct. 11, China's PTA market price index was 5920, down 50% from the previous working day.
On October 11th, the market price of polyester chips was 6900, down 50% from the previous working day. The market price index of polyester bottle chips was 6950, down 25 from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.10.11 |
2023.10.10 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5920 |
5970 |
-50 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.10.11 |
2023.10.10 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
3990 |
3985 |
+5 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4100 |
4125 |
-25 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.10.11 |
2023.10.10 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6900 |
6950 |
-50 |
Factory includes tax, yuan / ton |
|
Light slicing |
6950 |
7000 |
-50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.11 |
2023.10.10 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6950 |
6975 |
-25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6950 |
6975 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6950 |
6975 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7050 |
7075 |
-25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6950 |
6975 |
-25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6950 |
6975 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6950 |
6975 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7050 |
7075 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.11 |
2023.10.10 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7650 |
7750 |
-100 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8325 |
8450 |
-75 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
8950 |
9050 |
-100 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7900 |
8000 |
-100 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.11 |
2023.10.10 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7450 |
7500 |
-50 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7525 |
7550 |
-25 |
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 5920 yuan / ton. This week and next week, the main port delivery 01 litres of water 45-60 near the deal and negotiations. International crude oil continues to fall, commodity market atmosphere weakens, suppressing the formation of the market, PTA futures market pullback. Spot basis slightly adjusted, 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 maintained. International crude oil continues to fall, the market to buy gas is in the doldrums, and the focus of negotiations in the ethylene glycol market has dropped. The quotation in East China revolves around 3990 yuan / ton, up 5 yuan / ton from the previous working day. The quotation in South China is around 4100 yuan / ton. The weak atmosphere of the commodity market suppresses the formation of the market. 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 narrowly in the short term.
Polyester chip
Today, the polyester chip market is weak. Polyester raw material PTA market continues to decline, lack of cost-end support, individual factory offer down, polyester chip market trading center of gravity slightly lower. Strong bearish atmosphere in the market, downstream rigid demand for stock-based. It is expected that the polyester chip market will be weak 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 down 50 yuan / ton, 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 pullback. Lack of cost support, coupled with the recent light production and sales of polyester filament, increased inventory pressure of polyester enterprises, most polyester manufacturers lower quotations, focus on profit delivery, the focus of market transaction has shifted downward. Downstream small batch replenishment position, local market production and sales pick up. 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 maintains a weak adjustment. The cost end support is weak, and the focus of negotiations in the staple fiber market continues to shift downward. The downstream demand is relatively weak, and the production and marketing of enterprises are general. 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 11 PTA main 2401 contract opening price: 5890, lowest price: 5842, highest price: 5892, closing price: 5866, settlement price: 5866, down 58, position: 1367664.
Ethylene glycol: October 11 EG main contract 2401 opening price: 4063, lowest price: 4051, highest price: 4102, closing price: 4089, settlement price: 4074, down 10%, position: 490695.
V. production and marketing data of polyester market
|
Product |
2023.10.11 |
2023.10.10 |
Rise and fall |
Unit |
|
Polyester chip |
45% |
50% |
-5% |
% |
|
Polyester filament |
160% |
30% |
+130% |
% |
|
Polyester staple fiber |
50% |
80% |
-30% |
% |
VI. Future forecast
The international crude oil market continues to weaken, although the supply and demand side of polyester raw material PTA and ethylene glycol market improve, but the macro-negative pressure, 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 the cost, downstream rigid demand for stock, market production and marketing differentiation. 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.