Polyester industry chain: Falling costs suppress the polyester market and weaken
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November 8, 2023, 4:18 PM I. the market trend chart of polyester industry chain
On November 8th, the market price index of ethylene glycol was 4077.92, down 16.44 from the previous working day.
China's PTA market price index was 5820 on Nov. 8, down 80% from the previous working day.
On November 8th, the market price index of polyester chips was 6725, down 50% from the previous working day. The market price index of polyester bottle chips was 6800, down 25 from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.11.8 |
2023.11.7 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5820 |
5900 |
-80 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.11.8 |
2023.11.7 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4105 |
4140 |
-35 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4150 |
4170 |
-20 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.11.8 |
2023.11.7 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6725 |
6775 |
-50 |
Factory includes tax, yuan / ton |
|
Light slicing |
6775 |
6825 |
-50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.8 |
2023.11.7 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6800 |
6825 |
-25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6800 |
6825 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6800 |
6825 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6900 |
6925 |
-25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6800 |
6825 |
-25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6800 |
6825 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6800 |
6825 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6900 |
6925 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.8 |
2023.11.7 |
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 |
2023.11.8 |
2023.11.7 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7350 |
7375 |
-25 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7400 |
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 continues to decline, with a reference of 5820 yuan / ton. This week and next week, the main port delivery 01 liters of water 30-40 near the deal and negotiations. The international crude oil market fell and depressed, and the PTA futures market continued to fall. 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 weak. The international crude oil market plummeted, suppressing the market mentality, and the focus of negotiations in the ethylene glycol market dropped slightly. The quotation in East China revolved around 4105 yuan / ton, down 35 yuan / ton compared with the previous working day. The quotation in South China is around 4150 yuan / ton. Ethylene glycol port inventory is still high, downstream polyester load remains high, and raw material procurement atmosphere is low. 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 weak. Polyester raw material PTA market continues to weaken, lack of cost support, polyester chip market low-cost supply gradually expanded, the market transaction center of gravity fell slightly. Downstream demand weakens, the market production and marketing is general. It is expected that the polyester chip market will maintain the finishing operation in the short term.
Polyester bottle chip
The market for polyester bottle chips is narrowly weak today. Polyester raw material PTA market fell, cost-end support weakened, bottle chip manufacturers offer down 50 yuan / ton, market offer tends to low-end; downstream cautious follow-up to maintain rigid demand for stock. 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 remains weak, cost end support is general, polyester filament factory quotation is stable, individual enterprise quotation adjustment. Some enterprises let profits to ship goods, and market production and sales rebounded. It is expected that the market price of filament will be arranged in a narrow range in the short term.
Polyester staple fiber
Polyester staple fiber market fell narrowly today. The cost end forms the insufficient support to the market, the staple fiber market negotiates the price to adjust slightly. Downstream demand is relatively weak, market production and sales decline. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA: November 8 PTA main force 2401 contract opening price: 5800, lowest price: 5732, highest price: 5828, closing price: 5824, settlement price: 5790, down 44, position: 1229235.
Ethylene glycol: November 8th EG main contract 2401 opening price: 4183, lowest price: 4152, highest price: 4215, closing price: 4212, settlement price: 4182, up 13, position: 446394.
V. production and marketing data of polyester market
|
Product |
2023.11.8 |
2023.11.7 |
Rise and fall |
Unit |
|
Polyester chip |
40% |
120% |
-80% |
% |
|
Polyester filament |
100% |
45% |
+55% |
% |
|
Polyester staple fiber |
40% |
50% |
-10% |
% |
VI. Future forecast
The recent high decline in the international crude oil market, costs to promote the formation of the market, polyester raw materials PTA and ethylene glycol market supply and demand end support, it is expected that the short-term market will be a narrow adjustment, polyester raw material end support, polyester market offer will be slightly adjusted with the cost, downstream demand is light, maintain 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.