Polyester industry chain: The cost side supports the stalemate in the polyester market
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October 13, 2023, 4:57 PM I. the market trend chart of polyester industry chain
On October 13, the market price index of ethylene glycol was 4036.88, up 8.48 from the previous working day.
On Oct. 13, China's PTA market price index was 5820, down 25 percent from the previous working day.
On October 13th, the market price of polyester chips was 6825, down 50% from the previous working day. The market price index of polyester bottle chips was 6850, down 25 from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.10.13 |
2023.10.12 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5820 |
5845 |
-25 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.10.13 |
2023.10.12 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4010 |
3990 |
+20 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4100 |
4100 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.10.13 |
2023.10.12 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6825 |
6875 |
-50 |
Factory includes tax, yuan / ton |
|
Light slicing |
6900 |
6900 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.13 |
2023.10.12 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6850 |
6875 |
-25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6850 |
6875 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6850 |
6875 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6950 |
6975 |
-25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6850 |
6875 |
-25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6850 |
6875 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6850 |
6875 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6950 |
6975 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.13 |
2023.10.12 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7675 |
7675 |
0 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8250 |
8250 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
8950 |
8950 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7900 |
7900 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.13 |
2023.10.12 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7400 |
7400 |
0 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7500 |
7500 |
0 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China is maintained and sorted out, and it is discussed for reference near 5820 yuan / ton. This week and next week, the main port delivery 01 litre water 40-45 near the transaction and negotiations. The rebound of the international crude oil market has supported the market, and the PTA futures market has been sorted out. Sellers offer loosely, downstream buyers are cautious, and the market is light. It is expected that the short-term market will maintain a narrow adjustment.
Glycol
Today, the market price of ethylene glycol is maintained. The international crude oil market rebounded, boosting market confidence, and the focus of negotiations in the ethylene glycol market rose slightly. The quotation in East China revolved around 4010 yuan / ton, up 20 yuan / ton from the previous working day. The quotation in South China is around 4100 yuan / ton. East China port inventory accumulation, although the downstream polyester load rebounded, but the market mentality is cautious, the enthusiasm to buy is not high. It is expected that the ethylene glycol market will adjust narrowly in the short term.
Polyester chip
Today, the polyester chip market maintains a weak finishing. Polyester raw materials PTA market maintenance finishing, cost end support is general, individual factory preferential space expansion, polyester chip market trading center of gravity slightly lower. Downstream rigid demand for stock, the market transaction atmosphere improved. 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 materials PTA market finishing, cost support is general, mainstream bottle chip manufacturers offer down and then rise again, the market offer tends to be 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 market of polyester filament tends to be arranged. Insufficient cost support, the recent production and marketing of polyester enterprises is relatively weak, the overall inventory of the industry has increased, the mentality of manufacturers is cautious, polyester filament factories are more stable quotations, local quotations of individual factories are narrowly reduced, a single specific negotiation. Downstream demand is relatively weak, the market production and marketing is depressed. It is expected that the market price of filament will be arranged in a narrow range in the short term.
Polyester staple fiber
Today's polyester staple market stalemate finishing. The cost end support is general, the short fiber factory quotation is more stable, the market is cautious and wait-and-see. Downstream rigid demand replenishment, enterprise production and sales rebounded slightly. 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 13 PTA main 2401 contract opening price: 5818, lowest price: 5720, highest price: 5824, closing price: 5778, settlement price: 5782, down 16, position: 1409735.
Ethylene glycol: October 13 EG main contract 2401 opening price: 4110, lowest price: 4084, highest price: 4118, closing price: 4102, settlement price: 4102, up 18, position: 508945.
V. production and marketing data of polyester market
|
Product |
2023.10.13 |
2023.10.12 |
Rise and fall |
Unit |
|
Polyester chip |
80% |
60% |
+20% |
% |
|
Polyester filament |
40% |
40% |
0% |
% |
|
Polyester staple fiber |
80% |
50% |
+30% |
% |
VI. Future forecast
With the rebound of the international crude oil market, the supply and demand side of polyester raw material PTA and ethylene glycol market has improved, and the macro bearish has weakened. It is expected that the short-term market will be adjusted narrowly, polyester raw material end will be driven, polyester market offer will be adjusted with 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.