Polyester industry chain: Rising raw materials drive the polyester market to strengthen
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November 3, 2023, 4:50 PM I. the market trend chart of polyester industry chain
On November 3rd, the market price index of ethylene glycol was 4060.69, up 20.68 from the previous working day.
On Nov. 3, China's PTA market price index was 5940, up 40% from the previous working day.
On November 3rd, the market price of polyester chips was 6800, up 25% from the previous working day. The market price index of polyester bottle chips was 6875, up 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.11.3 |
2023.11.2 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5940 |
5900 |
+40 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.11.3 |
2023.11.2 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4070 |
4025 |
+45 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4120 |
4100 |
+20 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.11.3 |
2023.11.2 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6800 |
6775 |
+25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6850 |
6825 |
+25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.3 |
2023.11.2 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6875 |
6850 |
+25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6875 |
6850 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6875 |
6850 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6975 |
6950 |
+25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6875 |
6850 |
+25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6875 |
6850 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6875 |
6850 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6975 |
6950 |
+25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.3 |
2023.11.2 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7350 |
7275 |
+75 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
7950 |
7950 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
8650 |
8600 |
+50 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7550 |
7550 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.3 |
2023.11.2 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7400 |
7375 |
+25 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7450 |
7425 |
+25 |
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 5940 yuan / ton for negotiation. This week and next week, the main port delivery 01 liters of water 30-35 near the deal and negotiations. The international crude oil market rose, the atmosphere of China's commodity market improved, and the PTA futures market rose. Spot basis fluctuates slightly, traders and polyester factories buy mainly in rigid demand, and 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 is strong. The international crude oil market has risen, the market atmosphere has improved, and the focus of negotiations in the ethylene glycol market has increased slightly. The quotation in East China is around 4070 yuan / ton, up 45 yuan / ton from the previous working day. The quotation in South China is around 4120 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 strong. Polyester raw materials PTA market boosted, polyester chip manufacturers offer stable, market trading center of gravity slightly increased. Downstream rigid demand replenishment, some production and sales rebounded. 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 materials PTA market rose, costs to boost the market, bottle chip manufacturers offer up 50 yuan / ton, market offer rose slightly; downstream cautious follow-up, market trading atmosphere in general. It is expected that the short-term lactone bottle market may maintain finishing.
Polyester filament
Today, the polyester filament market is up in a narrow range. Polyester raw material PTA market is strong, cost-driven, polyester filament factory quotation is stable, low-end negotiations reduced, local transaction focus moved up. 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, the market for polyester staple fiber is narrow and strong. The rising cost promotes the market, and the negotiation price of staple fiber market rises accordingly. Downstream is mainly cautious wait-and-see, some production and sales rebounded. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA: November 3 PTA main 2401 contract opening price: 5850, lowest price: 5844, highest price: 5958, closing price: 5926, settlement price: 5908, up, position: 1333252.
Ethylene glycol: November 3 EG main contract 2401 opening price: 4080, lowest price: 4075, highest price: 4155, closing price: 4148, settlement price: 4123, up 49, position: 465729.
V. production and marketing data of polyester market
|
Product |
2023.11.3 |
2023.11.2 |
Rise and fall |
Unit |
|
Polyester chip |
90% |
45% |
+45% |
% |
|
Polyester filament |
45% |
35% |
+10% |
% |
|
Polyester staple fiber |
75% |
40% |
+35% |
% |
VI. Future forecast
The international crude oil market fluctuates at a high level, and the atmosphere of China's commodity market is better. with the support of the supply and demand end of polyester raw material PTA and ethylene glycol market, it is expected that the short-term market will adjust narrowly, polyester raw material end will promote, polyester market offer will be adjusted with cost, downstream rigid demand replenishment, market mentality is cautious. 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.