Polyester industry chain: lack of cost support, production and sales in the polyester market are weakening
88,323 
October 17, 2023, 4:13 PM I. the market trend chart of polyester industry chain
On October 17th, the market price index of ethylene glycol was 4034.24, down 8.48 from the previous working day.
On Oct. 17, China's PTA market price index was 5840, down 30 percent from the previous working day.
On October 17th, the market price of polyester chips was 6875, unchanged from the previous working day. The market price index of polyester bottle chips was 6900 the same as that of the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.10.17 |
2023.10.16 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5840 |
5870 |
-30 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.10.17 |
2023.10.16 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4000 |
4020 |
-20 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4120 |
4120 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.10.17 |
2023.10.16 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6875 |
6875 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
6925 |
6925 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.17 |
2023.10.16 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6900 |
6900 |
0 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6900 |
6900 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6900 |
6900 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7000 |
7000 |
0 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6900 |
6900 |
0 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6900 |
6900 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6900 |
6900 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7000 |
7000 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.17 |
2023.10.16 |
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 |
2023.10.17 |
2023.10.16 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7425 |
7425 |
0 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7500 |
7550 |
-50 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the trend of the spot market of PTA in East China is weakening, and it is discussed to refer to 5840 yuan / ton. This week and next week, the main port delivery 01 litre water 40-45 near the transaction and negotiations. The decline in the international crude oil market depressed the formation of the market, and the PTA futures market pulled back slightly. The overall market basis is stable, traders and polyester factories have a rigid demand for replenishment, and market trading is general. It is expected that the short-term market will maintain a narrow adjustment.
Glycol
Today, the market price of ethylene glycol is weak and adjusted. The international crude oil market fell, suppressing the market mentality, and the focus of negotiations in the ethylene glycol market adjusted slightly. The quotation in East China revolved around 4000 yuan / ton, down 20 yuan / ton from the previous working day. The quotation in South China is around 4120 yuan / ton. East China port high inventory continues, downstream procurement mentality is cautious, buying enthusiasm is not high. There are many unstable factors in the market, and it is expected that the ethylene glycol market will adjust narrowly in the short term.
Polyester chip
Today, the polyester chip market maintains finishing. Polyester raw material PTA market is weak, the cost end support is general, the chip factory offer is temporarily stable, the market transaction center of gravity is narrow adjustment. Downstream rigid demand for goods, some factory shipments are better. 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 fluctuates in a narrow range. Polyester raw material PTA market is weak, cost support is general, mainstream bottle chip manufacturers offer a small adjustment, market offer fluctuation is small; downstream rigid demand stock, market trading atmosphere is general. It is expected that the short-term lactone bottle market may maintain finishing.
Polyester filament
Today, polyester filament market maintains finishing. The raw material market weakens, most polyester manufacturers wait and see, individual enterprises quote a small adjustment, the market stalemate operation. Downstream demand is relatively weak, enterprise 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
Polyester staple fiber market weakens slightly today. International crude oil prices fell, polyester raw material market weakened, cost-end support weakened, staple fiber market prices slightly back. Downstream demand follows and slows down, 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 17 PTA main 2401 contract opening price: 5840, lowest price: 5754, highest price: 5852, closing price: 5802, settlement price: 5804, down 24, position: 1437021.
Ethylene glycol: October 17 EG main contract 2401 opening price: 4123, lowest price: 4074, highest price: 4129, closing price: 4085, settlement price: 4098, down 26, position: 525704.
V. production and marketing data of polyester market
|
Product |
2023.10.17 |
2023.10.16 |
Rise and fall |
Unit |
|
Polyester chip |
90% |
100% |
-10% |
% |
|
Polyester filament |
40% |
60% |
-20% |
% |
|
Polyester staple fiber |
40% |
50% |
-10% |
% |
VI. Future forecast
The international crude oil market falls, the market confidence is insufficient, the polyester raw material PTA and the ethylene glycol market supply and demand end does not have the obvious drive, the short-term market will adjust narrowly, the polyester raw material end promotes, the polyester market offer will adjust with the cost, the downstream rigid demand stock, the market production and sale slows down. 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.