Polyester industry chain: Raw material end retracts polyester market trend weakens
93,963 
November 21, 2023, 4:29 PM I. the market trend chart of polyester industry chain
The market price index of ethylene glycol was 4093.82, down 37.39 from the previous working day.
China's PTA market price index was 5965 on Nov. 21, down 110 from the previous working day.
On November 21st, the market price index of polyester chips was 6800, down 50% from the previous working day. The market price index of polyester bottle chips was 6900, down 25 from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.11.21 |
2023.11.20 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5965 |
6075 |
-110 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.11.21 |
2023.11.20 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4100 |
4175 |
-75 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4150 |
4220 |
-70 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.11.21 |
2023.11.20 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6800 |
6850 |
-50 |
Factory includes tax, yuan / ton |
|
Light slicing |
6850 |
6900 |
-50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.21 |
2023.11.20 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6900 |
6925 |
-25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6900 |
6925 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6900 |
6925 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7000 |
7025 |
-25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6900 |
6925 |
-25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6900 |
6925 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6900 |
6925 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7000 |
7025 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.21 |
2023.11.20 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7450 |
7450 |
0 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8025 |
8025 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
8750 |
8750 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7600 |
7600 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.21 |
2023.11.20 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7375 |
7425 |
-50 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7425 |
7500 |
-75 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China began to fall back, with a reference of 5965 yuan / ton. This week and next week, the main port delivery 01 litres of water 25-35 near the deal and negotiations. The negative atmosphere of the commodity market suppresses the formation of the market, and the PTA futures market pulls back sharply. Spot basis fluctuates slightly, traders and polyester factories buy mainly in rigid demand, and the market mentality is cautious. The short-term market is expected to maintain a weak adjustment.
Glycol
Today, the market price of ethylene glycol is narrow and weak. The market atmosphere is empty, suppressing the market mentality, and the focus of ethylene glycol market negotiations has dropped slightly. The quotation in East China revolves around 4100 yuan / ton, down 75 yuan / ton from the previous working day. The quotation in South China is around 4150 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 weak. Polyester raw materials PTA market fell, cost-end pressure, polyester chip manufacturers offer temporarily stable, the market low-end supply increased, the market transaction center of gravity fell slightly. Downstream demand weakens, market production and sales continue to decline. It is expected that the polyester chip market will maintain the finishing operation in the short term.
Polyester bottle chip
The market for polyester bottle chips is narrowly weak today. Polyester raw material PTA market fell, cost end support weakened, bottle chip manufacturers offer down 50-100 yuan / ton, market low-end offer increased; 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's polyester filament market narrow finishing. Polyester costs fall under the pressure, polyester filament factory quotation is more stable, the market is cautious and wait-and-see. Downstream rigid demand replenishment, market production and sales light. 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 polyester staple market is narrowly weak. The decline in the cost side has depressed the market, and the staple fiber market has negotiated a slight price correction. The downstream demand is weak, and the market production and marketing is depressed. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA: November 21 PTA main force 2401 contract opening price: 6042, lowest price: 5818, highest price: 6058, closing price: 5822, settlement price: 5934, down 230,230, position: 1324325.
Ethylene glycol: November 21 EG main contract 2401 opening price: 4213, lowest price: 4095, highest price: 4235, closing price: 4101, settlement price: 4165, down 125, position: 409409.
V. production and marketing data of polyester market
|
Product |
2023.11.21 |
2023.11.20 |
Rise and fall |
Unit |
|
Polyester chip |
35% |
45% |
-10% |
% |
|
Polyester filament |
30% |
50% |
-20% |
% |
|
Polyester staple fiber |
30% |
30% |
0% |
% |
VI. Future forecast
China's commodity market atmosphere weakens, suppresses the market mentality, 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 stock, market production and sales light. 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.