Polyester industry chain: raw materials are mixed. Polyester market is deadlocked
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November 7, 2023, 4:31 PM I. the market trend chart of polyester industry chain
On November 7th, the market price index of ethylene glycol was 4094.36, up 35.79 from the previous working day.
China's PTA market price index was 5900 on Nov. 7, down 10% from the previous working day.
On November 7th, the market price of polyester chips was 6775, down 25% from the previous working day. The market price index of polyester bottle chips was 6825 the same as that of the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.11.7 |
2023.11.6 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5900 |
5910 |
-10 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.11.7 |
2023.11.6 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4140 |
4065 |
+75 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4170 |
4120 |
+50 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.11.7 |
2023.11.6 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6775 |
6800 |
-25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6825 |
6850 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.7 |
2023.11.6 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6925 |
6925 |
0 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6925 |
6925 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.7 |
2023.11.6 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7350 |
7350 |
0 |
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 |
8650 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7550 |
7550 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.7 |
2023.11.6 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7375 |
7375 |
0 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7425 |
7425 |
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 weak, and we will consult around 5900 yuan / ton. 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 fell, and the PTA futures market fell significantly in late trading. 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. With the high support of the international crude oil market, the market atmosphere has improved, and the focus of negotiations in the ethylene glycol market has risen slightly. The quotation in East China revolves around 4140 yuan / ton, up 75 yuan / ton from the previous working day. The quotation in South China is around 4170 yuan / ton. Ethylene glycol port inventory remains high, market supply increment, downstream polyester load remains high, the market buys gas at a low price. The market is lack of continuous drive, and it is expected that the ethylene glycol market will adjust narrowly in the short term.
Polyester chip
Today, the polyester chip market is weak. Polyester raw material PTA market weakens, the cost support is insufficient, the polyester chip manufacturer preferential treatment expands, the market transaction center of gravity falls slightly. Downstream every bargain to fill positions, production and sales significantly improved. 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 material PTA market is weak, cost end support is general, bottle chip manufacturers offer is stable, market offer is low; downstream cautious follow-up, 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 narrow finishing. Polyester raw material PTA market is weak, cost end support is general, polyester filament factory quotation is stable, individual enterprise quotation adjustment. Downstream rigid demand buying, the market production and marketing is 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 narrow finishing. The cost end forms the support to the market generally, the staple fiber market negotiates the price to adjust slightly. Downstream rigid demand replenishment, 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 7 PTA main 2401 contract opening price: 5870, lowest price: 5794, highest price: 5912, closing price: 5820, settlement price: 5868, down 60, position: 1239864.
Ethylene glycol: November 7 EG main contract 2401 opening price: 4168, lowest price: 4165, highest price: 4219, closing price: 4189, settlement price: 4199, up 45, position: 451351.
V. production and marketing data of polyester market
|
Product |
2023.11.7 |
2023.11.6 |
Rise and fall |
Unit |
|
Polyester chip |
120% |
50% |
+70% |
% |
|
Polyester filament |
45% |
35% |
+10% |
% |
|
Polyester staple fiber |
50% |
40% |
+10% |
% |
VI. Future forecast
The international crude oil market fluctuates at a high level, the cost forms the support to the market, under the support of the supply and demand end of the polyester raw material PTA and ethylene glycol market, it is expected that the short-term market will adjust narrowly, the polyester raw material end supports, the polyester market offer will adjust slightly with the cost, the downstream demand is weak, maintain the rigid demand for stock. 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.