Polyester industry chain: Higher costs support the recovery of production and sales in the polyester market
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November 14, 2023, 4:26 PM I. the market trend chart of polyester industry chain
On November 14, the market price index of ethylene glycol was 4080.02, up 12.88 from the previous working day.
China's PTA market price index was 5885 on Nov. 14, up 50% from the previous working day.
On November 14, the market price index of polyester chips was 6750, up 50% from the previous working day. The market price index of polyester bottle chips is 6825, up 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.11.14 |
2023.11.13 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5885 |
5835 |
+50 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.11.14 |
2023.11.13 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4115 |
4100 |
+15 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4120 |
4120 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.11.14 |
2023.11.13 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6750 |
6700 |
+50 |
Factory includes tax, yuan / ton |
|
Light slicing |
6800 |
6725 |
+75 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.14 |
2023.11.13 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6825 |
6800 |
+25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6825 |
6800 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6825 |
6800 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6925 |
6900 |
+25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6825 |
6800 |
+25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6825 |
6800 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6825 |
6800 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6925 |
6900 |
+25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.14 |
2023.11.13 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7325 |
7350 |
-25 |
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 |
2023.11.14 |
2023.11.13 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7375 |
7350 |
+25 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7425 |
7400 |
+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 5885 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 rise in international crude oil gave a boost to the market, and the PTA futures market rose within a narrow range. 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 in a narrow range. The rise in international crude oil prices has supported the market mentality, and the focus of negotiations in the ethylene glycol market has increased slightly. The quotation in East China is around 4115 yuan / ton, up 15 yuan / ton from 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 strong. Polyester raw material PTA market rebounded, cost support enhanced, polyester chip market trading center of gravity pulled up slightly. Downstream rigid demand for stock-based, local production and marketing 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 rose, cost end support, bottle chip manufacturers offer remained stable, market offer slightly adjusted; 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 cost support is solid, dragged down by weak demand, polyester filament factory quotation is more stable, local negotiations are loose. 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 rose narrowly today. The strengthening of the cost side has promoted the market, and the price of staple fiber market has rebounded slightly. Under the market buying atmosphere, the market 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 14 PTA main 2401 contract opening price: 5808, lowest price: 5796, highest price: 5918, closing price: 5872, settlement price: 5858, up 66, position: 1181394.
Ethylene glycol: November 14 EG main contract 2401 opening price: 4160, lowest price: 4141, highest price: 4179, closing price: 4177, settlement price: 4161, up 11, position: 433432.
V. production and marketing data of polyester market
|
Product |
2023.11.14 |
2023.11.13 |
Rise and fall |
Unit |
|
Polyester chip |
110% |
50% |
+60% |
% |
|
Polyester filament |
100% |
60% |
+40% |
% |
|
Polyester staple fiber |
95% |
55% |
+40% |
% |
VI. Future forecast
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.