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Polyester industry chain: Strong costs boost the recovery of production and sales in the polyester market

93,020
October 20, 2023, 5:01 PM

I. the market trend chart of polyester industry chain

On October 20th, the market price index of ethylene glycol was 4029.42, up 7.16 from the previous working day.

 

China's PTA market price index was 5825 on Oct. 20, up 15 percent from the previous working day.

 

On October 20th, the market price of polyester chips was 6850, which was the same as that of the previous working day. The market price index of polyester bottle chips was 6925, up 50% from the previous working day.

 

II. Summary of market price of polyester industry chain

Product

Specifications

Market

2023.10.20

2023.10.19

Rise and fall

Remarks

PTA

Spot

East China

5825

5810

+15

Self-withdrawing tax, yuan / ton

Product

Specifications

Market

2023.10.20

2023.10.19

Rise and fall

Remarks

Glycol

Polyester grade

East China

4000

3980

+20

Self-withdrawing tax, yuan / ton

Polyester grade

South China

4100

4090

+10

Short delivery including tax, yuan / ton

Product

Specifications

Market

2023.10.20

2023.10.19

Rise and fall

Remarks

Polyester chip

Semi-light section

East China

6850

6850

0

Factory includes tax, yuan / ton

Light slicing

6925

6925

0

Factory includes tax, yuan / ton

Product

Specifications

Market

2023.10.20

2023.10.19

Rise and fall

Remarks

Polyester bottle chip

Aquarius level (IV.=0.8)

East China

6925

6875

+50

Factory includes tax, yuan / ton

Oil bottle grade

6925

6875

+50

Factory includes tax, yuan / ton

Hot pot grade

6925

6875

+50

Factory includes tax, yuan / ton

Carbonic acid grade

7025

6975

+50

Factory includes tax, yuan / ton

Aquarius level (IV.=0.8)

South China

6925

6875

+50

Factory includes tax, yuan / ton

Oil bottle grade

6925

6875

+50

Factory includes tax, yuan / ton

Hot pot grade

6925

6875

+50

Factory includes tax, yuan / ton

Carbonic acid grade

7025

6975

+50

Factory includes tax, yuan / ton

Product

Specifications

Market

2023.10.20

2023.10.19

Rise and fall

Remarks

Polyester filament

Jiangsu and Zhejiang market POY150D/48F

East China

7650

7650

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

2023.10.20

2023.10.19

Rise and fall

Remarks

Polyester staple yarn

Semi-glossy white 1.56: 38

Jiangsu Province

7410

7410

0

Factory includes tax, yuan / ton

Semi-glossy white 1.56: 38

Zhejiang

7475

7475

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 on the strong side, and we will consult around 5825 yuan / ton for negotiation. 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 slightly stronger. Spot basis remained stable, traders and polyester factories rigid demand replenishment, market trading cautious. It is expected that the short-term market will maintain a narrow adjustment.

Glycol

Today, the market price of ethylene glycol is narrow and strong. The rise in the international crude oil market has boosted the market mentality, and the focus of negotiations in the ethylene glycol market has increased slightly. The quotation in East China revolves around 4000 yuan / ton, up 20 yuan / ton from the previous working day. The quotation in South China is around 4100 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 material PTA market is strong, the cost end support is stable, the chip factory offer is temporarily stable, the market transaction center of gravity is narrow adjustment. The market buys more gas, and the supply of goods at low prices is better. It is expected that the polyester chip market will maintain the finishing operation in the short term.

Polyester bottle chip

Today, the market for polyester bottle chips is narrow and strong. Polyester raw material PTA market is strong, driven by high cost, bottle chip manufacturers offer a small increase of 50-100 yuan / ton, market offer slightly increased; 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's polyester filament market deadlock finishing. Polyester raw materials PTA market is strong finishing, cost support is stable, mainstream polyester manufacturers wait and see, individual varieties of quotation down. 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 20 PTA main 2401 contract opening price: 5766, lowest price: 5726, highest price: 5846, closing price: 5772, settlement price: 5794, down 4, position: 1447446.

 

Ethylene glycol: October 20 EG main contract 2401 opening price: 4085, lowest price: 4064, highest price: 4120, closing price: 4076, settlement price: 4098, up 10%, position: 522903.

V. production and marketing data of polyester market

Product

2023.10.20

2023.10.19

Rise and fall

Unit

Polyester chip

110%

30%

+80%

%

Polyester filament

40%

35%

+5%

%

Polyester staple fiber

70%

30%

+40%

%

VI. Future forecast

International crude oil market high support, polyester raw material PTA and ethylene glycol market supply and demand end is weak, 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 cost, downstream rigid demand stock, market production and sales in general. 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.