Polyester industry chain: Raw materials continue to be strong. Polyester market is deadlocked
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November 15, 2023, 4:26 PM I. the market trend chart of polyester industry chain
On November 15th, the market price index of ethylene glycol was 4121.65, up 41.63 from the previous working day.
China's PTA market price index was 5915 on Nov. 15, up 30% from the previous working day.
On November 15th, the market price index of polyester chips was 6725, 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 |
2023.11.15 |
2023.11.14 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5915 |
5885 |
+30 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.11.15 |
2023.11.14 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4160 |
4115 |
+45 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4180 |
4120 |
+60 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.11.15 |
2023.11.14 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6725 |
6750 |
-25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6775 |
6800 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.15 |
2023.11.14 |
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 |
2023.11.15 |
2023.11.14 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7300 |
7325 |
-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 |
7450 |
7550 |
-100 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.15 |
2023.11.14 |
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 |
7450 |
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 on the strong side, and we will consult around 5915 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 improvement of the commodity market atmosphere has boosted the market, driven by the capital side, the PTA futures market rose narrowly. 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 rose within a narrow range. The macro mood in China has improved, boosting the market mentality, and the focus of negotiations in the ethylene glycol market has increased slightly. The quotation in East China is around 4160 yuan / ton, up 45 yuan / ton from the previous working day. The quotation in South China is around 4180 yuan / ton. Ethylene glycol port inventory remains high, downstream polyester load remains stable, 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 materials PTA market finishing, cost support is stable, polyester chip market supply and demand side weakening, transaction center of gravity small pullback. Downstream demand weakens, market production and sales decline. 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 strong, cost end support is stable, bottle chip manufacturers offer remains stable, market offer is 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, the market of polyester filament is weak. Polyester cost support is stable, polyester filament factory quotation is more stable, some continue preferential shipments. Downstream rigid demand replenishment, the overall production and marketing decline. 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 side is strong to support the market, and the staple fiber market negotiates a small price adjustment. Downstream rigid demand replenishment, 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 15 PTA main 2401 contract opening price: 5854, lowest price: 5844, highest price: 5930, closing price: 5924, settlement price: 5886, up 66, position: 1258111.
Ethylene glycol: November 15 EG main contract 2401 opening price: 4170, lowest price: 4167, highest price: 4245, closing price: 4236, settlement price: 4205, up 75, position: 438963.
V. production and marketing data of polyester market
|
Product |
2023.11.15 |
2023.11.14 |
Rise and fall |
Unit |
|
Polyester chip |
40% |
110% |
-70% |
% |
|
Polyester filament |
70% |
100% |
-30% |
% |
|
Polyester staple fiber |
60% |
95% |
-35% |
% |
VI. Future forecast
China's commodity market atmosphere improved, coupled with the cost of market support, polyester raw materials PTA and ethylene glycol market supply and demand changes are limited, it is expected that the short-term market will be a narrow adjustment, polyester raw materials end support, polyester market offer will be slightly adjusted with the cost, downstream rigid demand for stock, market production and sales decline. 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.