Polyester industry chain: production and sales are weakening. The polyester market is deadlocked
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November 10, 2023, 4:29 PM I. the market trend chart of polyester industry chain
On November 10th, the market price index of ethylene glycol was 4099.12, up 10.6% from the previous working day.
China's PTA market price index was 5865 on Nov. 10, up 5% from the previous working day.
On November 10th, the market price index of polyester chips was 6750, unchanged from the previous working day. The market price index of polyester bottle chips was 6825, down 25 from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.11.10 |
2023.11.9 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5865 |
5860 |
+5 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.11.10 |
2023.11.9 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4155 |
4130 |
+25 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4150 |
4150 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.11.10 |
2023.11.9 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6750 |
6750 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
6775 |
6775 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.10 |
2023.11.9 |
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 |
2023.11.10 |
2023.11.9 |
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 |
2023.11.10 |
2023.11.9 |
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 tends to be sorted out, and it will be discussed around 5865 yuan / ton. This week and next week, the main port delivery 01 liters of water 30-35 near the deal and negotiations. The atmosphere of China's commodity market is preferred to support, and the PTA futures market is maintained. 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 market atmosphere is strong to support, the market transaction volume, ethylene glycol market negotiation center of gravity slightly pull up, East China quotation around 4155 yuan / ton, up 25 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, maintain rigid demand for stock. 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 materials PTA market finishing, cost support is stable, polyester chip market offer is stable, the market transaction center of gravity is stable. Downstream rigid demand for stock-based, market production and marketing in general. 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 finishing, cost end support, bottle chip manufacturers offer remained stable, market offer on the low end; downstream cautious follow-up, market trading atmosphere tends to dilute. It is expected that the short-term lactone bottle market may maintain finishing.
Polyester filament
Today, the market of polyester filament remains stable. Polyester raw material PTA market maintenance finishing, cost end support is general, polyester filament factory quotation is more stable, individual enterprise quotation adjustment. Downstream demand is weak, market trading is deserted. 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 adjusted in a narrow range. The cost end forms the support to the market, the staple fiber market negotiates the price to fluctuate 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 10 PTA main 2401 contract opening price: 5808, lowest price: 5798, highest price: 5886, closing price: 5832, settlement price: 5838, up 0, position: 1194233.
Ethylene glycol: November 10 EG main contract 2401 opening price: 4200, lowest price: 4185, highest price: 4238, closing price: 4210, settlement price: 4213, up 8, position: 441471.
V. production and marketing data of polyester market
|
Product |
2023.11.10 |
2023.11.9 |
Rise and fall |
Unit |
|
Polyester chip |
30% |
30% |
0% |
% |
|
Polyester filament |
40% |
50% |
-10% |
% |
|
Polyester staple fiber |
50% |
60% |
-10% |
% |
VI. Future forecast
The recent international crude oil market trend is weak, the cost of market support is general, polyester raw material PTA and ethylene glycol market supply and demand end support, it is expected that the short-term market will be narrow adjustment, polyester raw material end support, polyester market offer will be slightly adjusted with the cost, downstream demand is weak, 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.