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Polyester industry chain: lack of support, polyester market production and sales fall

89,540
October 31, 2023, 4:19 PM

I. the market trend chart of polyester industry chain

On October 31, the market price index of ethylene glycol was 4046.14, down 22.79 from the previous working day.

 

On Oct. 31, China's PTA market price index was 5915, up 25% from the previous working day.

 

On October 31, the market price of polyester chips was 6775, down 25% from the previous working day. The market price index of polyester bottle chips was 6875 the same as that of the previous working day.

 

II. Summary of market price of polyester industry chain

Product

Specifications

Market

2023.10.31

2023.10.30

Rise and fall

Remarks

PTA

Spot

East China

5915

5890

+25

Self-withdrawing tax, yuan / ton

Product

Specifications

Market

2023.10.31

2023.10.30

Rise and fall

Remarks

Glycol

Polyester grade

East China

4030

4080

-50

Self-withdrawing tax, yuan / ton

Polyester grade

South China

4150

4170

-20

Short delivery including tax, yuan / ton

Product

Specifications

Market

2023.10.31

2023.10.30

Rise and fall

Remarks

Polyester chip

Semi-light section

East China

6775

6800

-25

Factory includes tax, yuan / ton

Light slicing

6800

6825

-25

Factory includes tax, yuan / ton

Product

Specifications

Market

2023.10.31

2023.10.30

Rise and fall

Remarks

Polyester bottle chip

Aquarius level (IV.=0.8)

East China

6875

6875

0

Factory includes tax, yuan / ton

Oil bottle grade

6875

6875

0

Factory includes tax, yuan / ton

Hot pot grade

6875

6875

0

Factory includes tax, yuan / ton

Carbonic acid grade

6975

6975

0

Factory includes tax, yuan / ton

Aquarius level (IV.=0.8)

South China

6875

6875

0

Factory includes tax, yuan / ton

Oil bottle grade

6875

6875

0

Factory includes tax, yuan / ton

Hot pot grade

6875

6875

0

Factory includes tax, yuan / ton

Carbonic acid grade

6975

6975

0

Factory includes tax, yuan / ton

Product

Specifications

Market

2023.10.31

2023.10.30

Rise and fall

Remarks

Polyester filament

Jiangsu and Zhejiang market POY150D/48F

East China

7275

7275

0

Factory includes tax, yuan / ton

Jiangsu and Zhejiang market FDY150D/96F

7975

7975

0

Factory includes tax, yuan / ton

Jiangsu and Zhejiang market DTY150D/48F

8600

8600

0

Factory includes tax, yuan / ton

Jiangsu and Zhejiang market POY75D/72F

7550

7550

0

Factory includes tax, yuan / ton

Product

Specifications

Market

2023.10.31

2023.10.30

Rise and fall

Remarks

Polyester staple yarn

Semi-glossy white 1.56: 38

Jiangsu Province

7400

7425

-25

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 5915 yuan / ton for negotiation. This week and next week, the main port delivery 01 liters of water 35-40 near the transaction and negotiations. Commodity market atmosphere improved, PTA futures market rose in the afternoon. Spot basis slightly pull up, traders and polyester factories rigid demand to buy mainly, the market mentality is cautious. It is expected that the short-term market will maintain a narrow adjustment.

Glycol

Today, the market price of ethylene glycol weakens within a narrow range. The international crude oil market fell, suppressing the market mentality, and the focus of negotiations in the ethylene glycol market dropped slightly. The quotation in East China revolved around 4030 yuan / ton, down 50 yuan / ton compared with the previous working day. The quotation in South China is around 4100 yuan / ton. Ethylene glycol port inventory accumulation, downstream polyester load remains high, while the procurement mentality is cautious, the supply and demand side support is limited. 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 is narrow and weak. Under the pressure of the fall in international crude oil, the offer of polyester chip manufacturers is stable, the focus of market transaction has been loosened, and the supply of goods at low prices in the market has increased. Downstream rigid demand replenishment, the market trading atmosphere weakens. It is expected that the polyester chip market will maintain the finishing operation in the short term.

Polyester bottle chip

Today's polyester bottle chip market is arranged in a narrow range. Polyester raw materials PTA market maintenance finishing, bottle chip manufacturers offer remained stable, market offer a small adjustment; 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 fluctuates in a narrow range. Polyester raw material PTA market interval arrangement, cost support is general, polyester filament factory quotation is stable, market transaction focus change is limited. Downstream demand weakens, market production and sales decline. 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 market of polyester staple fiber is weak. International crude oil prices fell and depressed, staple fiber market negotiations prices fell slightly. Downstream is mainly cautious wait-and-see, the market production and marketing is light. It is expected that the short-term market price of polyester staple fiber will be maintained.

IV. Polyester Raw material Futures Market

PTA:  October 31 PTA main force 2401 contract opening price: 5886, lowest price: 5818, highest price: 5934, closing price: 5908, settlement price: 5882, up 46, position: 1369462.

 

Ethylene glycol: October 31st EG main contract 2401 opening price: 4158, lowest price: 4078, highest price: 4166, closing price: 4116, settlement price: 4114, down 36, position: 489663.

V. production and marketing data of polyester market

Product

2023.10.31

2023.10.30

Rise and fall

Unit

Polyester chip

50%

60%

-10%

%

Polyester filament

40%

90%

-50%

%

Polyester staple fiber

35%

65%

-30%

%

VI. Future forecast

The international crude oil market fluctuation intensifies, the market mentality tends to be cautious, the polyester raw material PTA and the ethylene glycol market supply and demand end is stable, the short-term market will adjust narrowly, the polyester raw material end promotes, the polyester market offer will adjust with the cost, the downstream demand weakens, the enterprise production and sales fall back. 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.