Polyester industry chain: lack of effective driving the polyester market deadlock
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October 18, 2023, 5:06 PM I. the market trend chart of polyester industry chain
The market price index of ethylene glycol was 4032.12, down 2.12 from the previous working day.
China's PTA market price index was 5855 on Oct. 18, up 15 percent from the previous working day.
On October 18th, the market price of polyester chips was 6875, which was the same as that of the previous working day. The market price index of polyester bottle chips was 6925, up 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.10.18 |
2023.10.17 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5855 |
5840 |
+15 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.10.18 |
2023.10.17 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
3995 |
4000 |
-5 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4120 |
4120 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.10.18 |
2023.10.17 |
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 |
2023.10.18 |
2023.10.17 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6925 |
6900 |
+25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6925 |
6900 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6925 |
6900 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7025 |
7000 |
+25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6925 |
6900 |
+25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6925 |
6900 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6925 |
6900 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7025 |
7000 |
+25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.18 |
2023.10.17 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7650 |
7675 |
-25 |
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 |
2023.10.18 |
2023.10.17 |
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 |
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 5855 yuan / ton. This week and next week, the main port delivery 01 liters of water 30-35 near the deal and negotiations. International crude oil market high support, PTA futures market small adjustment. Spot base difference slightly pullback, traders and polyester factories rigid demand replenishment, 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 adjusted in a narrow range. The international crude oil market is high, the market mentality is cautious, and the focus of ethylene glycol market negotiations has been adjusted slightly. The quotation in East China revolves around 3995 yuan / ton, down 5 yuan / ton compared with the previous working day. The quotation in South China is around 4120 yuan / ton. East China port high inventory continues, downstream polyester load remains high, and procurement mentality is cautious. Lack of continuous drive in the market, 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 materials PTA market finishing, cost end support is stable, chip factory offer is temporarily stable, the market transaction center of gravity is narrow adjustment. Downstream demand weakens, market production and marketing is relatively weak. 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 narrow and strong. Polyester raw materials PTA market finishing, under high cost pressure, some bottle chip manufacturers offer slightly increased by 50 yuan / ton, the low end of the market offer decreased; downstream demand is weak, the 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. Polyester raw materials PTA market finishing, cost support in general, mainstream polyester manufacturers wait and see, individual models down quotation. Downstream buying followed up and slowed down, and the market production and sales were light. 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. Polyester raw materials market finishing, cost end support, staple fiber market price small adjustment. Downstream rigid demand stock, local production and marketing is better. 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 18 PTA main 2401 contract opening price: 5810, lowest price: 5786, highest price: 5862, closing price: 5800, settlement price: 5822, down 4, position: 1423476.
Ethylene glycol: October 18 EG main contract 2401 opening price: 4098, lowest price: 4064, highest price: 4115, closing price: 4075, settlement price: 4088, down 23, position: 535319.
V. production and marketing data of polyester market
|
Product |
2023.10.18 |
2023.10.17 |
Rise and fall |
Unit |
|
Polyester chip |
40% |
90% |
-50% |
% |
|
Polyester filament |
40% |
40% |
0% |
% |
|
Polyester staple fiber |
50% |
40% |
+10% |
% |
VI. Future forecast
International crude oil market high support, polyester raw material PTA and ethylene glycol market supply and demand side is not obviously driven, it is expected that the short-term market will be narrow adjustment, polyester raw material end to promote, polyester market offer will be adjusted with the cost, downstream rigid demand stock, market production and sales light. 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.