Polyester industry chain: Cost drives production and sales in the limited polyester market to weaken
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November 20, 2023, 4:05 PM I. the market trend chart of polyester industry chain
On November 20th, the market price index of ethylene glycol was 4131.21, up 1.6 from the previous working day.
China's PTA market price index was 6075 on Nov. 20, up 10% from the previous working day.
On November 20th, the market price index of polyester chips was 6850, up 25% from the previous working day. The market price index of polyester bottle chips is 6925, up 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.11.20 |
2023.11.17 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
6075 |
6065 |
+10 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.11.20 |
2023.11.17 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4175 |
4175 |
0 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4220 |
4200 |
+20 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.11.20 |
2023.11.17 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6850 |
6825 |
+25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6900 |
6875 |
+25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.20 |
2023.11.17 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6925 |
6900 |
+25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6925 |
6900 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6925 |
6900 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7025 |
7000 |
+25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6925 |
6900 |
+25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6925 |
6900 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6925 |
6900 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7025 |
7000 |
+25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.20 |
2023.11.17 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7400 |
7350 |
+50 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8025 |
8000 |
+25 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
8750 |
8700 |
+50 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7600 |
7500 |
+100 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.20 |
2023.11.17 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7425 |
7425 |
0 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7500 |
7500 |
0 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China remains at a high level, with a reference of 6075 yuan / ton. This week and next week, the main port delivery 01 litres of water 25-30 near the deal and negotiations. The improved atmosphere of the commodity market supports the market, and driven by the capital side, the PTA futures market remains high. 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 international crude oil market rose, supporting the market mentality, and the focus of negotiations in the ethylene glycol market fluctuated slightly. The quotation in East China was around 4175 yuan / ton, unchanged from the previous working day. The quotation in South China is around 4220 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 remains strong, cost-driven, some polyester chip market manufacturers offer up, the focus of trading continues to rise. The downstream demand is weak, and the market production and marketing is light. 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 material PTA market is strong, high-cost pressure is blind, bottle chip manufacturers offer up 50 yuan / ton, low-end market offer decreased; 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 slightly higher. Driven by the rise in polyester costs, polyester filament factory quotations began to increase or reduce concessions last weekend, and the market trading center of gravity rose narrowly. Downstream rigid demand replenishment, market production and marketing weakening. 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 high cost end supports the market, but under the pressure of weak demand, the staple fiber market negotiates a small price adjustment. 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 20 PTA main 2401 contract opening price: 6050, lowest price: 6008, highest price: 6086, closing price: 6030, settlement price: 6052, down 8, position: 1452381.
Ethylene glycol: November 20 EG main contract 2401 opening price: 4233, lowest price: 4203, highest price: 4251, closing price: 4213, settlement price: 4226, down 28, position: 414967.
V. production and marketing data of polyester market
|
Product |
2023.11.20 |
2023.11.17 |
Rise and fall |
Unit |
|
Polyester chip |
45% |
50% |
-5% |
% |
|
Polyester filament |
50% |
60% |
-10% |
% |
|
Polyester staple fiber |
30% |
50% |
-20% |
% |
VI. Future forecast
The international crude oil market rises, forms the support to the market, the polyester raw material PTA and the ethylene glycol market supply and demand end change is limited, the short-term market will adjust narrowly, the polyester raw material end support, the polyester market offer will adjust slightly with the cost, the downstream rigid demand stock, the market production and sale weakens. 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.