Polyester industry chain: Raw materials continue to rise, polyester market trend becomes stronger
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November 17, 2023, 4:34 PM I. the market trend chart of polyester industry chain
On November 17th, the market price index of ethylene glycol was 4129.61, down 8.48 from the previous working day.
China's PTA market price index was 6065 on Nov. 17, up 95% from the previous working day.
On November 17th, the market price index of polyester chips was 6825, up 75% from the previous working day. The market price index of polyester bottle chips is 6900, up 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.11.17 |
2023.11.16 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
6065 |
5970 |
+95 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.11.17 |
2023.11.16 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4175 |
4195 |
-20 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4200 |
4200 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.11.17 |
2023.11.16 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6825 |
6750 |
+75 |
Factory includes tax, yuan / ton |
|
Light slicing |
6875 |
6775 |
+100 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.17 |
2023.11.16 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6900 |
6875 |
+25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6900 |
6875 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6900 |
6875 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7000 |
6975 |
+25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6900 |
6875 |
+25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6900 |
6875 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6900 |
6875 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7000 |
6975 |
+25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.17 |
2023.11.16 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7350 |
7325 |
+25 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8000 |
7950 |
+50 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
8700 |
8650 |
+50 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7500 |
7450 |
+50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.17 |
2023.11.16 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7425 |
7400 |
+25 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7500 |
7475 |
+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 rise, with reference to 6065 yuan / ton. This week and next week, the main port delivery 01 litres of water 25-30 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 continues to rise. 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 narrow and weak. The decline in international crude oil has depressed the market mentality, and the focus of negotiations in the ethylene glycol market has dropped slightly. The quotation in East China revolves around 4175 yuan / ton, down 20 yuan / ton from the previous working day. The quotation in South China is around 4200 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 material PTA market continues to rise, cost-driven, polyester chip market manufacturers offer upward, trading center of gravity slightly increased. 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, the market for polyester bottle chips is narrow and strong. Polyester raw materials PTA market rose, cost end support enhanced, bottle chip manufacturers offer up 50-100 yuan / ton, market offer rose slightly; downstream cautious follow-up to maintain rigid demand replenishment. It is expected that the short-term lactone bottle market may maintain finishing.
Polyester filament
Today, the market of polyester filament is slightly higher. Driven by the rising cost of polyester, the quotation of polyester filament factory has been raised or reduced. Downstream rigid demand replenishment, part of the production and marketing is OK. 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 for polyester staple fiber is narrow and strong. The rise in the cost side promotes the market, and the staple fiber market negotiates a small increase in prices. Downstream rigid demand replenishment, market production and marketing is relatively weak. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA: November 17 PTA main 2401 contract opening price: 6040, lowest price: 5968, highest price: 6098, closing price: 6026, settlement price: 6038, up 88, position: 1408984.
Ethylene glycol: November 17 EG main contract 2401 opening price: 4258, lowest price: 4211, highest price: 4267, closing price: 4228, settlement price: 4241, down 12, position: 422794.
V. production and marketing data of polyester market
|
Product |
2023.11.17 |
2023.11.16 |
Rise and fall |
Unit |
|
Polyester chip |
50% |
80% |
-30% |
% |
|
Polyester filament |
60% |
50% |
+10% |
% |
|
Polyester staple fiber |
50% |
50% |
0% |
% |
VI. Future forecast
The trend of the international crude oil market is weak, suppressing the formation of the market, polyester raw material 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 material end support, polyester market offer will be slightly adjusted with the cost, downstream rigid demand for stock, market production and sales in general. 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.