Polyester industry chain: The market decline continues to continue to improve production and sales in the polyester market
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November 28, 2023, 4:17 PM I. the market trend chart of polyester industry chain
On November 28th, the market price index of ethylene glycol was 4057.43, unchanged from the previous working day.
On Nov. 28, China's PTA market price index was 5695, down 50% from the previous working day.
On November 28th, the market price index of polyester chips was 6675, down 25 from the previous working day. The market price index of polyester bottle chips was 6775, down 50% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.11.28 |
2023.11.27 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5695 |
5745 |
-50 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.11.28 |
2023.11.27 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4035 |
4035 |
0 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4120 |
4120 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.11.28 |
2023.11.27 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6675 |
6700 |
-25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6725 |
6750 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.28 |
2023.11.27 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6775 |
6825 |
-50 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6775 |
6825 |
-50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6775 |
6825 |
-50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6875 |
6925 |
-50 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6775 |
6825 |
-50 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6775 |
6825 |
-50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6775 |
6825 |
-50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6875 |
6925 |
-50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.28 |
2023.11.27 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7475 |
7450 |
+25 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8125 |
8100 |
+25 |
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 |
2023.11.28 |
2023.11.27 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7225 |
7275 |
-50 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7325 |
7325 |
0 |
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 5695 yuan / ton. This week and next week, the main port delivery 01 litres of water 18-20 near the deal and negotiations. The international crude oil market fell, the commodity market atmosphere was weak, and the PTA futures market continued to pull back. Spot basis is slightly weaker, traders and polyester factories are mainly buying 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 in a narrow range. The market lacks substantive support, the market mentality is cautious, the focus of ethylene glycol market negotiations continues to fluctuate slightly, and the quotation in East China revolves around 4035 yuan / ton, which is flat compared with the previous working day. The quotation in South China is around 4120 yuan / ton. Ethylene glycol port inventory decreased slightly, downstream polyester load remained stable, maintaining rigid demand for stock. The market lacks continuous drive, and the ethylene glycol market is expected to remain volatile in the short term.
Polyester chip
Today, the polyester chip market is weak. Polyester raw material PTA market continues to fall, the cost end support is insufficient, the polyester chip market offer is loose, the market transaction center of gravity falls slightly. Downstream bargain-hunting stock, market production and sales rebounded. 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 weak. Polyester raw material PTA market continues to fall, cost end support weakens, some bottle chip manufacturers offer down 50 yuan / ton, market offer continues to fall; downstream rigid demand for stock, downstream large factories mainly bidding. It is expected that the short-term lactone bottle market may maintain finishing.
Polyester filament
Today, the market of polyester filament is adjusted in a narrow range. Polyester costs to support the market in general, some polyester filament factories lower quotations, market concessions to expand, some manufacturers offer narrow pull up, the market mentality is different. Downstream rigid demand replenishment, some production and sales improved. It is expected that the market price of filament will tend to be sorted out 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. Downstream demand follow-up is general, market production and marketing is light. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA: November 28th PTA main 2401 contract opening price: 5670, lowest price: 5632, highest price: 5710, closing price: 5634, settlement price: 5674, down 86, position: 1047497.
Ethylene glycol: November 28th EG main contract 2401 opening price: 4053, lowest price: 4041, highest price: 4087, closing price: 4067, settlement price: 4066, down 8, position: 395986.
V. production and marketing data of polyester market
|
Product |
2023.11.28 |
2023.11.27 |
Rise and fall |
Unit |
|
Polyester chip |
70% |
35% |
+35% |
% |
|
Polyester filament |
75% |
55% |
+20% |
% |
|
Polyester staple fiber |
45% |
45% |
0% |
% |
VI. Future forecast
The international crude oil market is weak, the cost support is general, the market mentality is cautious, polyester raw material PTA and ethylene glycol market supply and demand end drive, 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 for stock, market production and marketing differentiation. 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.