Polyester industry chain: Raw materials continue to fall. Polyester market is weak and difficult to change
93,555 
November 22, 2023, 4:21 PM I. the market trend chart of polyester industry chain
On November 22nd, the market price index of ethylene glycol was 4068.62, down 25.2 from the previous working day.
China's PTA market price index was 5845 on Nov. 22, down 120 from the previous working day.
On November 22nd, the market price index of polyester chips was 6750, down 50% from the previous working day. The market price index of polyester bottle chips was 6850, down 50% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.11.22 |
2023.11.21 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5845 |
5965 |
-120 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.11.22 |
2023.11.21 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4050 |
4100 |
-50 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4100 |
4150 |
-50 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.11.22 |
2023.11.21 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6750 |
6800 |
-50 |
Factory includes tax, yuan / ton |
|
Light slicing |
6800 |
6850 |
-50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.22 |
2023.11.21 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6850 |
6900 |
-50 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6850 |
6900 |
-50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6850 |
6900 |
-50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6950 |
7000 |
-50 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6850 |
6900 |
-50 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6850 |
6900 |
-50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6850 |
6900 |
-50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6950 |
7000 |
-50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.22 |
2023.11.21 |
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 |
8050 |
8050 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
8800 |
8800 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7600 |
7600 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.22 |
2023.11.21 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7325 |
7375 |
-50 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7400 |
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 continues to decline, with a reference of 5845 yuan / ton. This week and next week, the main port delivery 01 litres of water 25-33 near the deal and negotiations. The capital side withdrew, the commodity market atmosphere was too empty to suppress the market, and the PTA futures market continued to make a sharp pullback. 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, the focus of ethylene glycol market negotiations continues to decline slightly, East China quotation around 4050 yuan / ton, down 50 yuan / ton compared with the previous working day. The quotation in South China is around 4100 yuan / ton. Ethylene glycol port inventory remains high, downstream polyester load remains stable, and rigid demand is maintained. The market is lack of continuous drive, and the ethylene glycol market is expected to fluctuate weakly in the short term.
Polyester chip
Today, the polyester chip market continues to weaken. Polyester raw material PTA market continues to fall, cost-end pressure, polyester chip market low-end supply increased, the market transaction center of gravity fell slightly. Downstream demand weakens, market production and marketing is weak. 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 continues to decline, cost end support weakens, bottle chip manufacturers offer continues to reduce 50-100 yuan / ton, market low-end offer mainly; downstream cautious follow-up, market trading is light. It is expected that the short-term lactone bottle market may maintain finishing.
Polyester filament
Today's polyester filament market narrow finishing. Polyester costs fell under the pressure, polyester filament factory quotation remained stable, the market wait and see cautiously. Downstream rigid demand replenishment, market production and marketing in general. 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 continuous 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 22nd PTA main force 2401 contract opening price: 5832, lowest price: 5778, highest price: 5848, closing price: 5778, settlement price: 5818, down 156, position: 1242129.
Ethylene glycol: November 22nd EG main contract 2401 opening price: 4118, lowest price: 4074, highest price: 4121, closing price: 4086, settlement price: 4101, down 79, position: 411343.
V. production and marketing data of polyester market
|
Product |
2023.11.22 |
2023.11.21 |
Rise and fall |
Unit |
|
Polyester chip |
30% |
35% |
-5% |
% |
|
Polyester filament |
35% |
30% |
+5% |
% |
|
Polyester staple fiber |
30% |
30% |
0% |
% |
VI. Future forecast
Chinese commodity market atmosphere weakens, suppresses market mentality, polyester raw material PTA and ethylene glycol market supply and demand end change is limited, it is expected that the short-term market will be weak adjustment, polyester raw material end drive, polyester market offer will be slightly adjusted with 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.