Polyester industry chain: lack of support, polyester market fluctuates and weakens
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November 13, 2023, 4:13 PM I. the market trend chart of polyester industry chain
On November 13th, the market price index of ethylene glycol was 4067.14, down 31.98 from the previous working day.
China's PTA market price index was 5835 on Nov. 13, down 30 percent from the previous working day.
On November 13, the market price index of polyester chips was 6700, 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 |
2023.11.13 |
2023.11.10 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5835 |
5865 |
-30 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.11.13 |
2023.11.10 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4100 |
4155 |
-55 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4120 |
4150 |
-30 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.11.13 |
2023.11.10 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6700 |
6750 |
-50 |
Factory includes tax, yuan / ton |
|
Light slicing |
6725 |
6775 |
-50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.13 |
2023.11.10 |
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 |
2023.11.13 |
2023.11.10 |
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 |
2023.11.13 |
2023.11.10 |
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 is weak, and we will consult around 5835 yuan / ton. This week and next week, the main port delivery 01 liters of water 30-35 near the deal and negotiations. Commodity market atmosphere is weak to suppress, PTA futures market narrow correction. 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. Weak market atmosphere, cautious market mentality, ethylene glycol market negotiations focus on a slight correction, East China quotation around 4100 yuan / ton, down 55 yuan / ton compared with the previous working day. The quotation in South China is around 4120 yuan / ton. Ethylene glycol port inventory is slightly removed, downstream polyester load is maintained at a high level, and rigid demand is maintained. 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 weakens, the cost support is insufficient, the polyester chip market low price goods source increases, the market transaction center of gravity falls narrowly. Downstream rigid demand stock, 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, the market for polyester bottle chips is weak. Polyester raw material PTA market fell, the cost end support is insufficient, bottle chip manufacturers offer down 50 yuan / ton, market offer tends to low-end; downstream cautious follow-up, market trading atmosphere is light. It is expected that the short-term lactone bottle market may maintain finishing.
Polyester filament
Today's polyester filament market deadlock finishing. Polyester raw material PTA market is weak, cost support is general, polyester filament factory quotation is more stable, individual enterprise quotation adjustment. Downstream rigid demand replenishment, local production and marketing improved. 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 weakness of the cost side suppresses the market, and the price of staple fiber market falls slightly. Wait and see carefully downstream to maintain a rigid demand for replenishment. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA: November 13 PTA main 2401 contract opening price: 5830, lowest price: 5760, highest price: 5862, closing price: 5802, settlement price: 5806, down 36, position: 1178590.
Ethylene glycol: November 13 EG main contract 2401 opening price: 4208, lowest price: 4133, highest price: 4215, closing price: 4147, settlement price: 4166, down 66, position: 441860.
V. production and marketing data of polyester market
|
Product |
2023.11.13 |
2023.11.10 |
Rise and fall |
Unit |
|
Polyester chip |
50% |
30% |
+20% |
% |
|
Polyester filament |
60% |
40% |
+20% |
% |
|
Polyester staple fiber |
55% |
50% |
+5% |
% |
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.